New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-11-24
BROOKLYN NEWS.
MILLER'S BUBBLE PRICKED
THE FRANKLIN SYNDICATE is NOT
DOING THE BUSINESS 1T DID.
HOWARD X WOOD DENIES THAT HE is CONNECT
ED WITH THE coNcERN-EARLY AC-
,,o>. Or C1II-RCH

HOWARD h WOOD Ots.>irSo AAi<NN 49,
ED WITH THE coNcERN-EARLY Ac-
TON OF CHURCH.
William F. Mnlers Franklin Syndicate was not
doing the business yesterday mat il mas =,
doing recently. The crowds in the street aAu Va
fees which have been present so regularly VI iA'o
were absent Apparently the people are oeeoinie
fearful that the Franklin is not all 1t Is cracked up
N no Miller however declares that the news
paper crusade has not hurt him In tne leas'' eno
that business is as good as ever MS s'H,eI 80
mar his syndicate has been incorporated under 'he
laws Of New-Jersey. with paid IN capi'aI VI
100000 and with Howard X WOOD soc'v'a 90,
Of the CORPORATION Trust Company OF New ioIh'
es president. Is denied by Mr.. Wood In eta'e-
ment This in part is as follows:
HOWARD X WOODS DENIAL
sofarasIam personally concerned know no IN
ing Of Mr. Miller OF his b tSe papers as to what he
is doing in Brooklyn am hol az, io~ or with any
BUSINESS Of his in any way shape manner ei'he e
directly indirectly am not o az partially
dTanknd pnr the laws Of but With
which I have no connection as sbobe or manner.
An application was made 70 tnS ~ YORK law
Trust Compqny OF nnSeT the general manufacturing
act Of New-Jeraey corporation called Iny has no
banHing powers whatever and could n0t cseitai
legally deposits of moSey, 4 nS ss 81 900 The Cor
poration Trust Company fled such a al &c provides
Wlich eolS om5anV may manufacture or sci! per-
sona property that they mgh take out patents;
mar they might make contracts with ~
the foregoing OBJECTS
NO MONEY EVER PAID IN
The authorized capital Of th so e com but the
ssno,,1t with which they began business was $ bges
which was subscribed for consclenCS So Their
names We're Clifford ". Perkins Evan j. Duoie'
an1 heitf Uas fled IN the office Of the Sec
retarv of State on November 20 lsS9 An h, % corn
zation meeting 6 OF [RSss 20 at Jersey City at
which time the following matters were W h tent
IN New Jersey They authorized GH OF CAPITA on 1
be called for, and no more N 90 niagm hat the
company had right to do banking Per iSeornora
side or 0IJsfS " was given to the CORPORATION
Trust Company that this name was name ulueI
Which PaTeI hsq IN City hereupon
The CORPORATION Trust Company immedllteIy ue
S SnnS bo be fair to the public to allow ony bust
ness of financial nature TO be done IN t pI ness
company and prohibited from exercising Gny bank.
Steete ~ Tew-Jersey The Franklin Syndicate has
no officers 1t has not proceeded beyond me or'gl-
na trading business after and when its capt.
tai OF 81 900 had been paid in. which up 10 date mas
not been paid
NOW PROPOSES TO INCORPORATE.
In the letter Miller sent out TO his depositors
varding the Incorporation Of the Franklin he tells
them that. owing 10 its enormous success he has
decided TO incorporate It on December next, with
q capital Of 100000
All those whose deposits less than $50 are
told that they must either increase them to that
amount or withdraw. He promises that as soon as
the deposit receipts received certificates OF
stock will be forwarded 20 the senders. Miller
further states as his firm belief that the shares
will be selling at from 800 to $500 each by March
next . .,
II is now shown that Miller was untn recently
expelled. member OF the Tompkins Avenue Con
gregationa Church, OF which the Rev DR.. r r.
Meredith is pastor He was president c Of the
active worker in the chapel OF the church, where
he was favorite with the young men, many OF
his attention called TO the matter last March and
quietly conducted an investigation with the result
after having been accorded a hearing Dr. Meredith
in speaking OF the affair said that he failed 10
could believe that any concern able to pay
800 per cent
IMMENSE PosTOFFICE BUSINESS.
The postofice authorities say that Miller Is one
OF the best customers of the Department, receiving
he does six hundred ordinary letters a day, be-
sides fifty or sixty registered letters and that he
frequently orders 1000 stamped envelopes at a
time, while ne cashes money orders aggregating
from s. 900 TO $4,000 each day. The Department Of
fcials are still conducting investigation, and If
the evidence warrants the mails may be barred to
The District Attorney and the police are waiting
for complaints TO be made before taking action.
District Attorney Steele yesterday said that he had
carefully looked over the statutes and had been
unable TO find that Miller was viola ting any law.
But ne ADDED that ne would be GLAD to get com
syndicate continues 10 do business, and until the
crash there will doubtless be a good sup
ply OF fools willing 10 part with their money
-<
GRAY STILL FIGHTING FOR REGISTER.