The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-03-24
MARRN IN COMPANIES.
HIS FINE HAND APPEARED IN
THE STOREY COTTON CONCERN.
AIsO in the PrOyident Investment Bureau
which Collapsed-IIis Previous EN'
plOits and Changes OF Name-Itis
Indictment. Flight and Return.

which Collapsed-HIs Previous Ike
plOlts and Changes Of Name-ths
Indictment. Flight and Return
II now appears that the Storey Cotton
Company, a get-rich quick scheme az IL
Broadway which THE Sun exposed In jan
uary and which went TO smash a week ago
had as It's moving spirit Frank C. Marin
a lawyer who fed from Brooklyn In 1903
after robbing a widow Of $4,000.
The main Offices Of the company were In
Philadelphia, but IL branch here occupied
offices Of considerable size In the Bowling
Green Building. These offices were locked
yesterday, but the superintendent Of the
building didn't know just why.
when did the Storey company move
out?T he was asked,
They haven't moved out; | wish they
had" he said. Some Of the employees
have been around here almost every morn
ing until to-day, examining the mail.
think the manager was here a day or two
ago. don't know his name. All our deal
ings were with F. E. Storey, the head Of the
concern. | haven't seen him in about six
months and am told that be Is In Phila-
delphia. All know about the failure II
what have seen in the newspaper
Marin did not appear in the incorpora-
ton papers Of the Storey Cotton Company
when it was organized in 1900. He was
represented by p. j. Kearns OF Coney ISL
and a distant relative +. Ewart Storey
was the president and the circulars issued
by him promised investors profit OF from
4 to per cent. a month. Events OF the
past week in Philadelphia have shown
that Marin was the man behind the game,
not only in the Storey company, but in the
Provident Investment Bureau, whose COL
lapse was described In The SUS yesterday.
Marin was born in Brooklyn about 40
years ago and was admitted 10 the bar in
1885 His first feat Of sharpness was TO get
a Western Union operator TO accept a mes
sage without a delay waiver during an
operators strike. The message was slow
in delivery and Marin got damages from
the company Later he set up as a stock
broker and. having a contract from the
Gold Stock Ticker Company, contracted
to supply forty Brooklyn bucket shops
which had been deprived Of their service
by the action Of the New York Stock EI-
change The ticker company heard that
Marin was making $4,000 week at this
game and tried to stop his service, but he
enioined them and after a long fight in the
courts. during which Robert q. lngersoll
appeared for Marin, the Injunction was
sustained. The scheme made money for
two years.
All this time Marin was running law
offioe In the Garfield Building Things
were coming so easy that he began 20 take
notice Of politics and the turf. He was
popular with the Mclaughlin crowd In the
Tenth ward and made speeches. He was
successful at first with the horses he bought. |
and IL said TO have won so 900 IN purses |
and bets at the worlds fair In Chicago. |
His law business was practically abandoned, |
The horses turned against him in 1894 and |
he went broke
Through his mother he made the ao-
Of Mrs. Barry the widow Of a |
rich manufacturer Of hair dyes. She gave |
him TO invest In mortgages an amount OF |
variously estimated at between $4,000 |
and $4,000. He kept the money and gave |
forged mortgages TO Mrs. Barry. He was
indicted and fed 70 Europe. Later he was |
heard Of a. an adventurer IN Colombia
and Panama, being known as Frank stone, |
In 1893, emaciated by fever and painless, |
he turned up in Chicago, where he got work |
in a press clipping bureau at "a week;
He and a man named Bennett organized |
an investors protective association,
which pretended TO revent people from
being swindled by get-rich-quiok schemes.
He was soon abe TO hang out his law
shingle again, calling himself Frank. Z. |
Stone He got into the Securities Savings |
Society, which operated a horse pool and |
which went to pieces in 1900 Marin hed |
West with his steno grapher, Mrs. Sophia |
Beck They were arrested in San Francisco. !
After spending $1,000 Of the $4,000 cash |
he had with him, Marin escaped extra !
diton.
He next appeared in Philadelphia, bought
a home and sent for his wife and children,
hiding the Beck woman. He now called
himself Judge Franklin Stone, and repre-
eented himself as a Southerner. He and a
man whose name appeared in the directory
as Frank Z. Story IF. Ewart Storey was
the president Of the cotton com pany)
started the firm Of Story a Co., importers
and bankers. There was general mix
up Of names Marin being known as Frank
f. Stone, Francis Stone and Franklin Stone.
His partners name appeared variously as
Franklin +. Story and +. EwaTt Storey.
There was another man in the cotton game
which they soon afterward started and which
they called Arthur 3. Foster a Co. He
was known in business as Arthur s. Foster,
in society as Arthur Stanley Foster Francis,
and when he wrote a booklet about cotton,
as Stanley Francis.
Arthur S. Foster d Co. cotton specialists,
went 20 smash, and Il was then that the
crowd started the Storey Cotton Company
and, more recently, the Provident Invest
ment Bureau. The Storey company failed
with liabilities Of q million or more and asset
OF $40, OO8. The Provident oompany's LA
bilities are nearly a million and its assets
are only 5000.
Marin is said to be on his way TO Europe.
The BROOKLYN authorities would Ike 20 get
him but they admit they don't know his