Arizona republican., 1901-12-01
A BAIT FOR BANKS
Thrown Out in the Rural Dis-
 trictS
Information is Disseminated as to How to Get Rich Quick-A Twenty Four Per Cent Dis Count.

New York. Nov. 3O.-Cashiers of country banks in various parts of the interior in the last few days have re- ceived a proposition that is calculated to make them think they were very slow if they could not make money earn more than or 10 per cent a year. In a letter signed l.. T. Lewis, the Sun set Mining company, puts before the bankers a most glittering offer. The letter reads like this:
 Dear Sir: The making of money is primarily question of opportunity. I can offer you an opportunity to make an income of $s.0O0 a month. The above company has paid per cent div idends for ninety-three months. and will pay more in the immediate future.
 "'rhere is plenty of idle money in your neighborhood, and the people would be glad to invest it where it would earn good dividends if satisfied with the security. Ours is a first-class company, and we court every investi- gation.
 ''Mr. Edward Hill, cashier of the Leechburg Banking company. Lcech- burg, Pa, is one of our stockholders and will answer every inquiry.
 eff you will buy or sell 10000 shares of our stock within thirty days at the current price of $1.50 per share I will give you as your remuneration a block of 4,000 shares, which, at our present rate of dividends, will earn you $50 per month
 ''I shall be glad to furnish you with every information and hope you will give this offer the consideration it de- serves.
 Awaiting the favor of your reply, I am, very truly yours,
 "I T LEWIS With this letter were some circulars which failed to tell anything about the company, not even the names of its officers They claimed. however, that the company owns 220 acres of mineral land near Oroville, Cal. which have paid per cent a month since 1893. It was also announced that the company intended to do the largest gold mining business in the United States. The head of the company is G. ". Rumble of San Francisco, who figures among it's officers as secretary. Rumble got hold of what was formerly the Or ange Mining company. about eighteen months ago and reorganized it as the Sunset Mining company. It was cap italized at s1O.0OooOo. and from the start investors were promised per cent month. Of the s1O00o. 900 worth of stock 1t is said that about s2O 900
 
 San Francisco says the company is paying out about S6C0 a month to shareholders
 There is nothing to cause any one to believe that these payments are made out of any earnings from any gold mine. 5Ir. Rumble has been in several get-rich-quick schemes in the past which brought him considerable noto- riety. He figured in the San Francisco -fe- pert on the "clock game
 L. T. Lewis. the eastern agent of the company, has desk room in an office at No. 119 Market street. Newark, N. J. He is little known in Newark how ever. as he has lived there but a few weeks. He says that previous to this time he had been selling oil stock in New England. MT. Lewis says:
 ''I have only been with this company a few weeks, and I don't know much about it. never saw Mir. Rumble. and don't know anything about him. I made my arrangements all by mail, and took MT. Rumble's word for what he told me. I never saw the company's s ] property. and know nothing about 1t. I am going to make some investiga- tions, however. MT. Hayden Whitney of Philadelphia got me into it. I think he could tell you something about the company. The president is Mrs. K. E. Arlington of Rochester, N. Y. I do not know anything about her" ''I sent letters to bankers whose names I selected from the bankers di- rectory," he continued. but I did not send out many. It was my own idea, and have received only one inquiry in reply"
 When asked if he thought there were any bank cashiers who would believe that stock paying 24 per cent a year would be peddled at such a liberal commission If 1t was a legitimate prop osition MT. Lewis admitted that some might be suspicious. 'I believe" said he, "the company has only been earn ing the per cent a month that is paid out, and that it is now necessary to sell some stock to buy machinery. If the thing turned out all right intended to make a trip out there to investigate It." In Justification of the use of the name of Edward Hill of the Leechburg (Pa) Banking company in his letter MT. Lewis produced a letter from MT. Hill in which he said he had a small amount of stock of the company on which he had been paid 2 per cent a month. He also stated that this was all he knew about the concern and added that If ne was convinced that it was all right he would invest more. MT. Lewis says he does not intend to send any more circulars to the banks at present, and notwithstanding the splendid dividends of "A per cent a year i it is not probable that there will be a great rush of country bankers to buy the $1O.0O0,0OO worth of stock of the | Sunset Mining company.
 !
 l WILL JOIN DOWIE'S COLONY