Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-03-23
Gang Of Get-Rich-Quick Opera
tors Exposed In Phila-
delphia
SMOOTH FAKIRs STOLE MILLIONS
Leader of the Gang Was One E. c.
Marvin an En1bczzIing Lawyer For
merIy of New York-A Man Named
Bennett Organized Investors Asso-
Citations.

Philadelphia, March 23.--Phila TEL
phia is The center of the greatest gang
Of get-rich-quick swindlers that ever
operatcd in the United States. ms
fact has been established fully by a
nrotrnc ted investigation conducted in
an effor to close up the Storey Col
ton Company, which proposed pay
ments OF, Impossible profits.
The Storey Cotton Company Went
TO the wall last Thursday with assets OF
$40 600. and liabilities totalling into the
millions. 1t was followed on Tuesday
by the Provident Investment BUREAU
an allied concern, which turned up as
sets of only $4,000 and liabilities root
ingsup nearly $1,000,00O.
The history Of these frauds tra ces
itself back to the time Frank G. Mar
rim. n prosperous young Brooklyn Etw-
yer turned ND an embezzler for ak out
$40 600. money entrusted to him for in
yestmenr by one of his clients, Wrs.
Caroline Barry, q widow. Marin heu
to Eufore. He was indicted in Brook
Ign for forgery and embezzlemeht ana
the indictments are still pending.
After a short while spent in Europe
Marin went to Central America una
from there to Chicago, In which city
he appeared in 1896. He was PENN ess
and reduced to the point OF selling
shoe strings on the streets. He SUD-
sequently secured employment VII
press clipping bureau at 81 week, 'lnd
while SO employed fell in with man
who was known as w. r. Bennett. In
Chicago, Mamin used the alias Fritnk
f. stone
Marin and Bennett organized the
Bank Depositors' and Investors Pro-
lection Association, with offices In the
RiaIto building, Chicago, and professeds
to be able to give inside information
to subscribers about the many get
rich quick concerns that were operat-
ing in that city at the time. This cpn-
Germ quickly gave way to the Investors
Protective Association. which was q
blind used by Marin and Benz EFT
while these two men, the former un Ter
the second alias. Edward Dunno, pro-
NOTED the Securities Savings Society,
which ran q blind pool on horse races.
FIees With stenographer.
These schemes were kept afloat I'M
til Feb g. 1900, when Marin, under the
alias of Edward Dunno. took his st an
ographer, Mrs. Sophia Beck, and led
to San Francisco. Bennett grab bed
100000 ,,f the loot and got away Mar
rim and the Beck woman We're cha sed
by the Chicago police from that city
to San Francisco and thence to New
Orleans. where they were both ARE st
ed Feb. II, 1900.
Marin had $4,000 cash on him
when arrested, and altho indicted and
despite the fact that witnesses we're
taken from Chicago, he managed to
escape extradition. The effort cost
him about 100000 He then came to
Philadelphia, having established his
family here prior to his flight from
Chicago. He bought handsome
house on South Forty-fourth street
and appeared here as Judge" Franklin
Stone, lawyer and turfman from X en-
lucky. Almost Immediately he opened
offices for a. fake importing firm
known as Storey & Co., in which the
partners We're alleged to be Franklin
q. Storey and Francis Stone.
Marin Goes to Europe.
This firm was blind for Marin.
who at The same time was promoting
the firm of Arthur S. Foster & TO,
cotton specialists. Marin went to
Europe almost Immediately after
launching Storey & Co, and the Eos
ter fraud, being represented in the lat
ter concern by an Englishman known
as Arthur S. Foster Francis. In BIT ST.
ness this man passed as Foster; So
cially ard at his hotel he was known
as Francis.
Once each week Francis called at
Martins home in South Forty-fourth
street and secured Mrs. Martins check
to defray the current expenses of fleat-
ing the Foster outfit. This latter con-