New-York tribune., 1901-12-01
A FIRM OF MANY NAMES.
PRISONERS, POLICE SAY, RAN BOGUS
STOCK BROKERAGE BUSINESS.

Frank Dillon. bookkeeper, OF No 2oo Green
~ich-st., and John T. Bennett. sIenographer'
nf No. 593 Bainbridge-st.. Brooklyn, were ar
rested yesterday by Detective Sergeants McCon-
Vile and Savage. in front OF No. DOB Broaoway'
charged with operating in conjunction with TWO
other persons. not yet arrested. bogus STOCK
brokerage business under the guise that they
were reputable members Of the Stock Exchange.
Captain Titus said that in the time in which
they have been doing business they have taken
in at least S3o0.cOo.
The first record that the Detectiye Bureau has
Of the men arrested and the two not yet arrest
ed early in 1900. when they opened offices
at No 81 Newest. dealers in stocks and bonds
From this place they sent out, it is charged,
ailurfng circulars throughout the United States.
After having the offices six weeks they suddenly
disappeared. leaving instructions at the post
Office 10 have their mail put in a certain box
The police say they remained under cover Tor
about two months.
Soon afterward they opened offices at No Il
Park Row under the name of August thinner
man & Co. dealers in stocks and bonds. They
remained there about two months, suddenly
closing up ard leaving the same instructions at
the Postof7ce
Afterward they appeared No. So Broad
way, under the of Lloyd J. Smith, as
dealers in stocks and bonds. and also at No. 81
Wall-st., under the name or l. ". tOlIdro ~
Co. remaining in those places about four weeks
each time and repeating their former ma
Eoeuvres.
After another disappearance. they opened Of
fees under the name of z. L. Bennett g. Co., as
private detectives and collectors They sent out
circulars to all of their creditors, setting forln
that they had unusual facilities for collecting
claims OF ell kinds and declaring that with the
sending on of all papers and proof they could
collect dollar for dollar Captain Titus sdid
that in this way they enabled to collect
a large amount OF proof against them, which
they destroyed.
They next appeared, as Captain Titus says
under the name oe Potter, Fairchilds & Co. as
dealers in stocks and bonds at No. IS Park
Row. This number Park Row is the Potter
Building and Captain Titus thinks that the
name Potter assumed TO give the impress
eion that the owner of the building was con-
rlected with the firm They gave as references
Solomon & Rothschilds, Applegate, Lohr & Co,
at No. 203 Broadway, and Frank w Carllsie
Company. Broad Exchange Building Captain
Titus saws that these firms were all bogus firms,
operated by the conspirators-
Many complaints began to reach the Detective
Bureau at Police Headquarters concerning these
operators from all over the country, and oe-
tectives were put TO work
Barrett and Dillon were arraiSned before Mag
tstrate Zeler in the Centre-st- ponce court yes
terdav. ard were rernanded in the custody of the
detectives until Monday.
Detective Sergeant McConVt1le in the after-
noon arrested Henry l. McCauley at his office,
at No. 80 Broadway, on the charge OF being the
third man implicated in the alleged bogus stock
transaction business. McCauley was taken TO
Police Headquarters.