New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-07-17
Fl. A. SEYMOUR & co. CLOSED
THE SEYMOUR. JOHNSON & co. FAIL
URE AND THE FRANKLIN SYNDl-
CATE COLLAPSE RECALLED.

H. A. Seymo Ir & Co.. a brokerage concern, In the
Hudson Building. No. 50 Broadway, ceased business
on Tuesday night. and their offices yesterday We're
in charge of Peter c. De Wolf, lawyer OF NO I0-
Nassau-st Mr. De Wolf said that he did not
think the company would resume business as II
had failed to find the financial help needed 10 ude
il over certain difficulties He added that ne ulu
not know much about the affairs of the concern
though he was it's legal representative, having as
summed that relation the solicitation of his per-
sonal friend, H. A Seymour.
1.-The company is incorporated under the laws OF
New-Jersey," continued Mr.. De Wolf. but don't
know when nor with what capital. do not know
any of the people interested except Mr. Seymour
He is probably officer of the co4npany-mayoe
it's president. The company was doing hne ousl-
ness. All of it's patrons were out OF town, ana IL
has great many branch offices throughout the
country. There is a considerable amount of money
due it at various places. but cash was needed to
meet wire rents, etc, which became due and could
not be put on"
Mr. De Wolf added that the market proved too
much for the company and that he was sorry. as
his friend Seymour fine man. ana hau hau
hard luck before when the Stock Exchange house
of Seymour. Johnson Co, went down at the time
of the Miller Syndicate trouble, two years ago.
The offices had been open since May l.
1t is understood that the concern had branch
offices at Pittsburg. Buffalo, Norfolk. Va, and
New-Haven.
The Stock Exchange firm of Seymour. Johnson &
Co, which composed of Henry A Seymour ana
Frederick w. Johnson, with Ut Ddslu NeOS'Vi'
the well known oculist. special partner, with
5000 900 invested in the business. made an assign
ment on May 2S, 1906. few days after the failure
OF Price Mccormick & Co Mr.. Johnson in pub
lished interviews charged the embarrassment OF the
firm to mismana cement. bad Judgment and specula-
ton by Seymour and the latter when his partners
statement was read TO him, said: II admit the mis-
management, but not the speculation Several
months later It developed in court proceedings
brought by the assignees of Seymour, Johnson IN, &
Co. that that firm had had intimate relations win
the men who engineered the NOTORIOUS Franklin
Syndicate of which William F. Miller was the
ostensible head. Alfred r. Gqslin who few w
weeks ago went to Blackwelis Island, testihed IN
these proceedings that between December. 1879 ana
March 1900 Sl4J put into the firm by Colonel
r A Ammon. who said IL was Miller syndicate
money: and Seymour testified: I'VE all knew II was
Miller syndicate money. Amrnon got 10 per cent OF
the profits of the concern Gosltn got ~ per. cent
and johnson and | got each 20 per cent or the
profits Goslin has told the truth ABOUT
these matters. l the only sucker IN the
bunch" --- 49, -
The Franklin Syndicate suspended operations on
November a. 1899 William F. Miller was indicted
by the Kings County grand jury on that day; and
he afternO on made an assignment 10 John L.
Daly one OF his employees. DAILY was sent TO a law
office In this city where he found the assignment
form already drawn up and signed by Miller whose
signature had been acknowledged by 4 notary
Pete Wolf.