The evening times., 1900-03-06
E.S. Dean & COON TRIAL
Famous Get-Rich-Quick Firm Ac.
cused of Grand Larceny.
An Outfit That Operated a Year or
More Ago-A FOrerunner of the
Franklin Syndicate-A Washington
Oface Established with Luxurious
Furniture That Did Little Business

The famous "stock brokerage" firm of
z. S. Dean & Co. is at last on trial in New
York. The cases against J. B. Kellogg,
NJ. l.. Bernard, and Samuel Keller. men,
bers of the firm, are being heard by Re-
corder Golf this week. These three were
indicted March go 1899, charged with
grand larceny and since that time they
have been under $500 bail
E. S. Dean & Co. was a somewhat ia
nous firm a year and more ago. 1t had
large offices In New York and branches in
many other cities. 1t was a ''get-rich-
quick" concern. one of the forerunners Of
MilIer's Franklin Syndicate. Its business
consisted of taking in money rapidly and
never paying any out. but of promising
much
Washington had one Of the branch off,
ces 1t was rather handsome set of
rooms in an Office building On F Street with
much massive furniture, fine carpets. and
flying colors. generally. Washington, how
ever, is supposed to have gotten off very
easily with little or no loss. The Washing
ton branch had been established and fur
nished only a few days when the big CEN
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. organized
the firm. Just who E. 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 swndle. said to
have been followed by L. 5. Dean * Co,
was reported much the same as that of
Napoleon" Miller, except that Dean &
Co" attempted 10 tell the particular lines
in which the firm was supposed TO specu-
late Pools were said TO be organized for
the ostensible purpose OF manipulating the
wheat market. or for specializing In a cer-
lars it is charged. were obtained by the al
legged swinders before their arrest.
Former New York District Attorney Oh
colt says he is confident that he has a
clear case against the accused.
Miller took his idea largely from the re-
puted plan Of Dean & Co. He decided that
he would net say anything about his specu-
lations. leaving il all to blind faith IL
proved a better plan. Several schemes still
running have made other slight alterations
Of the parent enterprise-notably. the In
vestors Fund" recently expOsed-which
promise 4 per cent a month instead Of 10
per cent week and then an annual in
stallment to bring ii up to l23 per cent.
4. r. Goslin, who was planning to es-
tablish a company 10 be known as the Sc
curity Investment Company until an ex-
posure forced il TO close its office a few
days ago. was. it is said. an associate Of
the three men who will 20 TO trial. f. L..
Packer. who did business as James :. Rob
lnson and who is now sentenced TO eight
cen months in Sing Sing was also connect
ed with them. il is stated. as were Henry
Bogart and his colleagues under the name
OF Lyon & Co. Miller acquired his expert
ence With Lyon & Co
Colonel Ammon. the attorney who has at
tracted atteEtion through his connection
Miller. was the attorney for Lyon Co.
and Dean Co. 1t is expected that he will
be present at the hearing as one Of the at
torneys for the defendants.