The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-02-15
VOL LXXIL NO. lGS.
CITY LOTS OF SAND AND SCRUB
fraud ORDER AGAINST COHlfIS-s
.STONER SCIfR.tDER'S CONCERN.
MS Parks Are In The bronx, hut tbe 75N
100 sand Lots Are Down Near Quogue-
Given as prizes" nj 80 tpiece-Uortb
s5 an Acre, Post once Mrn Think

GIVEN as 'Pri/rs NJ NJ tpletP-NOrtD
S5 an tcrc Post once Mgn Think
Fraud orders have boen issued by the
Post Onicc Department against the New
York suburban Development Company
with Offices in the Park Row Building. and
the Twentieth Century Realty Company Of @
Wall,'reet HenryC. Schrader recently APP
pointed Park Commissioner for The Bronx
in place Of william p. Schmitt removed,
wa4 the president Of the Suburban Develop
nrut Company until last summer and
is sull stockholder. The company's
secretary Is Y. g. Rideout who was one of
the principal promoters of the Cuban Land
and Steamship Company, regarding which
the Post once authorities saw fit to make
some inquiries not long ago.
Several weeks ago the Post Office De-
partmcut entered fraud order against j.
Terwiligcr Van Smyth. who had the United
Security and Realty Company at 23l Broad
way MIR Van Smythe will be remembered
Nv some credulous persons AZ the gentle
man who gave away lots in Westchester
county with every seven cakes Of soap
he sold in West Broadway These three
companies have been engaged in land de-
velopment schemes on Long Island which
netted them. according to Investigations
made hy Post ONCE inspectors, between
100000 and 100000
The literature Of the three companies.
which Is not dis-imlar, Is barred from the
mails. for fraudulent representations.
Thousands of circulars of the Suburban
Development Company were sent all over
the United states. The letterheads of the
company said that it had property in Long
Island, Lakewood, Long Branch and At
lantic City. In addition, tho company
announced that IL was prepared to lend
money on bond and mortgage and build
houses on easy terms. What purported to
be the signature Of Henry C. Schrader was
affixed to the letters, either by rubber
stamp or a pen
The company offered building lots free
10 nnv one who solved rehus The rebus
designed by the company was 10 simple
that "A ten year-old schoolbov could solve
II. For tho first 100 penons who solved the
riddle thep was Il graduated scale of prizes
ranging from $500 down to so. 1t may he
stated right here that whoever won prize
got the prize money offered.
The Post Office inspectors have pro-
nounccd the literature issued by the COM
pany 70 be the most carefully and artisti-
cally worried that has ever come under
their notice. The property of the com
pany was de cribed a. being on the line
Of the Long Island Railroad, north OF the
Quogue station. but it wns not explained
that the station is one aud half miles east
Of the town Of Quogue and that the prop
erty north of the station Is sand waste,
overgrown in parts with scrub oaks and
pines The literature was so carefully
worded that the only quality directly at
tributed TO the property was that it was
thigh and dry which is certainly true.
Everybody who answered the circular
got a notification that he had received
Prize Lot Order and SIS entitled to one
lot, size 25xlOO feet. upon payment of s.
10 cover cost of making deed. notary fee,
abstract Of title, &c. This amount covers
all payment of taxes for five years" Those
who won prize lots also had the privilege
Of buying adjacent lots at from SIS to 500.
A lot winner who got some one else to in
vest got 20 per cent. Of the purchase price
n a fee.
As another attraction 70 investors the
company held contest for the most suit
able name for hotel to be built" on the
property Ten thousand dollars in prizes
were offered for the most appropriate name
for the hotel. "Hiawatha was the name
selected for the hotel The hotel has never
been built but it is stated that the prizes
were paid Another contest was held for
the best name for the property. Somebody
suggested -Mossmere Park" and got a
prize OF $1,000.
The property was bound to rise in value
the literature of the company stated be-