New-York tribune., 1903-02-15
BESIEGE OFFICES IN VAIN.
Investors" in the J. E. Gardiner Company,
Turf Concern, Cry "Swindle,"

Patrons of the J. Z. Gardner Company with Of
fees on the fifteenth floor of the Flatiron Building.
turf investment concern, besieged the offices In
vain Yesterday and many declared that they had
been swindIed The concern, issuing circulars, say
ing that it operated books at all the racecourses
and owned racing studs. offered fabulous interest
on shares" The office was closed all day yester-
day. and the elevator could give no idea as to
Mr. Gardners whereabouts. The company mad oc-
cr1pied the office for about two months.
John Schwarzkopf, of No 1S5 Broadway. attorney
for the J. E. Gardner Company yesterday denied
the rumor that Mr. Gardner had disappeared or
that there was anything Illegal in the way the
business Of the company has been conducted
MFR Gardner was absent from his offices in the
Flatiror Building to-day because advised him that
certain matters ought TO be attended to-, said Mr..
SchwarZkopf.
..Ferarding the charge that the company was
not incorporated I wish TO say that know 1t was
INCORPORATED in the State of Maine, with author
ized capital of s.oO0O00. The attorneys who at
tended 10 the matter of Incorporation are McCann
& Kavanagh, of Auburn, Me-
According TO my information the company does
own the horses. which they forth in their
namnblet that they own. 1 am informed that the
company has been making book at New-Or-
leans The bank accounts the company Kept mere
were not very large because the moneys, as soon
as received were sent down to New-Orieans TO
its representatives there
..I do know that Wednesday and yesterday the
company paid out moneys to its depositors. Mr..
Gardner told Wednesday that he would ac-
quaint himself with the condition of his business
at Newt Orleans and see how he stood.
.'Regarding the nature Of the business Mr.. Gard
ner came and asked me whether there was
ANYTHING unlawful in the business. and gave me a
booklet TO read I told him there was not The
business had been running only short time, and
the amounts received very fnconsiderable-
The $4,000 running the book at New-Orleans
had not been raised and the book was being run
on less Mr. Gardner believed he could for time
nav the weekly per cent interest. and that later
Re would have TO reduce the interest Arnold
had done / remember that he held Arnold up as
an example His purpose was 20 use the s50,Os,
and no more. in making the book When II went
above $50 600. thought the amount would De un-
wieldy The rest OF the money he meant 10 use IN
the purchase of horses and IN the running or them
He planned establish large string or horses
and make a on the turf
Asked whether Mr.. Gardner was IN the city, M
Schwarzkopf said:
arairs What the condition Of the company IS !
don't know, and he don't know
stream OF anxious inquirers called at the nrm :
offices the fifteenth floor Of the Flattron Build
tpr All day long and seemed to be greatly dsap-
pointed wnen they found they could get no in
formation concerning investments. A number of
the callers who said they were clients said they
thought they had been swinded.
The police of the Tenderlotn station said that no
com had been made against the firm. but that
il Was rifmored that the members Of II had fled