New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-06
MAKE RAID IN WALL-ST. /
SEVEN MEN ARRESTED.
Detectives Close Offices of Promot-
ing Com dny.


inc on a promoting concern at No. Wall-st-
by Detective Sergeants Peabody, McConyile
and Clark and a squad of patrolmen, on war
rants issued by Magistrate Ommen. of the
Tomb court. Seven persons. including Thomas
p Daniels, the alleged head of the concern, and
a large quantity of books, papers and other
literature belonging to the concern were seized.
The firm described itself Daniels & Co,
bankers, investment securities" One of the
circulars furnished reads: Additional capital
supplied stock companies organized, charters
secured in any State, stocks and bonds under
written" The concern offered to finance ANY
meritorious proposition, and float the stock,
guaranteeing the company and the promoter
against loss"
The raid took place about II o'clock, and
caused great excitement in the street. The
police went to the rooms and found there, be-
sides the seven persons arrested, a number Of
women stenographers. who were not held.
When the detectives entered the room some of
the women began to shrek and would not be
quiet until assured that they would not be hurt.
Two members of the firm were found reading
letters. which they attempted to destroy, but
which We're saved by the detectives. They are
said TO contain important evidence The raid
was complete surprise to the firm, and the
members were caught entirely off their guard
The five prisoners taken were:
AVERY John thirty-eight years old. Of No. las East
one hundred and-fouTth-st.. an empoye.
BULLOCK Samuel r. ffty-hve years old, of No. 81
for r'' the arm fri '''''''' -' ''''
Wsst a who sad he was the at
torney for the firm.
1sland de''' ''' u
oqRs Ree2s9 bs ! he vas Of %2 81 a
representative Of the firm in Boston, but who In
McClusEV
being wanted in Boston for larceny
The police made two arrests later. The men
arrested were Charles Brown, said to be a
brother-in-law of Daniels, living at No a west
One hundred-and-fifth and Alfred Bagg,
twenty-nine years old, of No. 100 Columbia
Heights, a clerk in the offices.
The firm occupied we'll furnished offices on the
fifth floor of the building which is known as the
Schermerhorn Building.
The warrants We're issued on the specific COM
plant of Edwin E. Collins. of Cedar Rapids,
Iowa. that he had lost $155 through the firm.
Collins told the police however. that he had
given almost $1,000 to the firm and had never
received a penny from It in return. He said
that he was about to organizeethe Union Land
and Trust Company of Iowa and sasked Dan
iels for $4,000 with which to float the stock for
his company He said that the firm told him
they would advance the money, but would need
S155 for expenses He advanced them the
money, and several times after that sent them
money to the total of nearly $1,000.
He said that at the request of the company he
put the deed of the Union Land and Trust
Company in the Mechanics Bank, of this city.
When he realized that he had been swindled,
Collins told the police he put the case into the
hands of District Attorney Jerome
Two of those who have complained of the
company's methods of doing business are Daniel
Crane and G s. Drew, lawyers, of No. 139
State-st Rochester. They say that they have
lost about S400 each.
The firm did all their business" Inspector
MeClusky said, with people living out of the
city. I am satisfied that they were not carry
ing on legitimate business. They did not
have the power to organize companies or in
corporate, and this they advertised to do"
Daniels was held in $1,000 bail and the re
mainder of the prisoners were held in $1,000 bail
each, for examination Tuesday. The specific
charge against the prisoners is grand larceny
in the first degree. All the prisoners We're COM
nitted to the Tonbs prison, with the exception
of Avery, who furnished bail.
Another man who has suffered is the Rev. DR..
J. Henry Srnythe, president of the Sunshine
Publishing Company, of Philadelphia. He said
yesterday that he had lost about $500 in his
dealings with the firm through their offices in
Philadelphia where they undertook to handle
the stock of his company. He had good deal
to say about the Daniels arrested.
Daniels is the of the late Justice Daniels,
OF the Supreme Court of this State,'' he said.
He cost his father over 100000 by his vari-
Gus performances. Before he went into this
business he ran a drygoods business in Dayton,
Ohio, called the Dayton Drygoods Company.
They swindIed everybody they could, and finally
his partner was drowned and he failed. He has
been in this scheme about six months, and
every time have been near his offices have
seen scores Of people waiting TO get chance to
see him.
It was said in Buffalo that If the Daniels
arrested here was the OF the late Justice
Daniels II by his first wife. who
Miss Porter It not known there that Jus
tice Daniels had a Thomas P. Daniels, and
many of the Justices oldest friends said that
they had never heard that he had a second son
living Justice Daniels died about six years
ago Mrs. Daniels is said to be in Newport this
sim