The evening times., 1900-03-06
E.S. Dean & CO. ON Trial
Famous Get-Rich-Quick Firm Ac-
cused of Grand Larceny.
An outfit That Operated IA Year or
More AEo-A FO-eFunner of the
Oface Established with Luxurious
Furniture That Did Little Business

The famous stock brokerage" firm Of
E. S. Dean & Co. is at last on trial in New
York. The cases against J. B. Kellogg.
NJ L. Bernard, and Samuel Keller. mem
bers OF the firm. are being heard by Re
corder GoR this week. These three were
indicted March 30. 1899. charged with
grand larceny and since that time they
have been under $500 bail.
Z. S. Dean & Co. was a somewhat IA
nous firm a year and more ago. It had
large Offices in New York and branches in
n.-hy other cities. It was a "get-rich-
quicr" concern. one Of the forerunuers Of
MiIIer's Franklin Syndicate. It's business
consisted OF taking in money rapidly and
never paying any out. but OF promising
muck
Washington had one OF the branch off,
ces. IL was a rather handsome set Of
rooms in an Office building on F Street with
much massive furniture, fine carpets. and
flying coIors. generally. Washington. how
ever. is supposed to have gotten of very
easily with little or no loss. The Washing
ton branch had been established and fur
tral concern in New York closed its doors
and announced that it had failed. AS far
as could be learned not more than one or
two accounts had been opened here. AS
usual in such cases, however, the losers
did not care to come forward to tell their
troubles and there may have been more Of
them than were suspected. The local Office
was closed the manager disappeared. and
the furniture and carpets were seized for
rent overdue.
The three men now TO be tried, with a.
r. Goslin and others. IL is stated. organize
the firm. Just who r. s. Dean was has
not appeared. No such person was at the
head Of the concern and it is limited that
-the name was used simply as a fgurehead.
The plan Of the alleged swindie. said %
have been followed by L. s Dean 4 Co.
/ was reported much the same as that OF
Napoleon" Miller except tina. Dean &
! Co" attempted 10 tell the particular lines
IN which the firm was supposed 20 specu-
/ late. Pools were said 10 be organized fog
Z the ostensible purpose OF manipulating the
/ wheat market or for specUlating In a GER
tain stock Hundreds OF thousands Of dol
/ lars. 10 is charged. were obtained by the al
legged swIndlers before their arrest.
Former New York District Attorney o.
colt says he is confident that he has
/ clear case against the accused
Miller took his idea largely from the re-
| puted plan Of Dean & Co He decided ;ha
/ he would net say anything about his specu-
/ latioas. leaving ]. all to blind faith. Il
proved a better plan. Several schemes still
I running have made other slight alteration.
/ Of the parent euterprise-noJably. the In
/ vesfors Fund. recently eNposed-whicf
/ promise 4 per cent a month instead Of II
/ yer cent a week. and then an annual in
/ stallment 20 bring 10 up TO 123 per cent
/ 4. r. GOslin. who was planning 10 es-
I tabIish a company 20 be known as the Sc
I curity Investment Company until an eX-
Z pOsUrU forced it 10 close its office a few
! days ago was IL is said. an associate OF
4 the three men who VIII go TO trial r. L
/ Packer who did business as James s. Rob
[ Iusou. and who is now sentenced 70 eight
cen months iu Sing Sing. YVES also connect
. ed with them. it is stated. as were Henri
! BoEart and his colleagues under the nam
Z OF Lyon & Co. Miller acquired his expert
I euce wiJh Lyon & Co
Colonel Ammon. the attorney who has at
. traced atteUtion through his connection
. Miller was the attorney for Lyon & ca
and Dean d Co. IL is expected that he vii
be present at the hearing as one OF the CT
tOTneys for the defendants.