The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1905-07-07

First National bank of St Paul, Mimi
In addition to this Mr.. Cummings had
to pay all the costs in the case which
amounted to several hundred dollars
| This is the noted case from Cumber
| land, Md, where Mr.. Cummings mad
about four years ago been running what
he claims a brokers' office and quietly
pulled up stakes and left during the
night, owing to various customers over
100000 From Cumberland he went to
Buffalo, n. Y, and started line of so
called brokers' offices under the name of
F. H. Camp & Co. but this venture last
ed only a few months and he again
stopped business owing all his custom
ers over 100000.
From Buffalo he went to Detroit,
where he again opened line of brokers
offices under the name of the Michigan
Investment company. After four
months of very lucrative business ne
again like the Arab folded his tent and
quietly stole away. Coming to St Paul,
Mimi, he opened and claimed line of
bucket shops. He also started in business
at Helena, Mont, which place he used
as a base for his varied operations. This
last line of bucket shops, after a large
business had been worked up, was sold
to one of his operators for less than
$500. This operator ran his business
about two weeks longer and failed. His
next venture was at Salt Lake City
where the bucket shops were opened UNI
der tne name of Cummings & Co. and
| this place was made headquarters. He
ran these for several months until his
customers found the office locked one
morning and Mr.. Cummings announc-
cd that he did the same on account of
lack of business. I'm his report to Brad
street he reported that he bad invested
$50. 900 in the office above mentioned.
| Mr.. Cummings has about eighty bucket
shops in various cities of the north
west.
The great advantage which has been
gained in the recent settlement by Mr.
Deeneen makes all the 100000 of claims
valid and the eastern parties are now
getting up $4,000 of these claims which
will be presented for settlement in the
next few weeks As the former claim
was settled for fifty cents on the dollar,
it will cost Mr.. Cummings in the neigh
borhood of 100000 to settle them
These claims originated from his first
| failure. In addition to this there will
be the claims of +. l.. Camp & Co., also
the Michigan Investment CO., A. j.
Cummings of Helena, Mont, and Cum
mings & Co. of Salt Lake City.
The question will be whose money is
he going to use to settle these claims?
The only answer is that he will use the
money of his present customers, and
then, where will these customers get
their money and what percentage of
their claims do they expect to get?
There are already over $45 900 of claims
of the different cities of the northwest
put in against him.
Mr.. Cummings still poses as a member
of the Minneapolis Chamber of Com
merce claiming that he handles all the
business of all the offices with only one
I,,~.1- 4 II. Il.
he is handling part of his business
through the firm of Watson & Co., Min
neapolis, but Mr.. Hall Watson was in
terviewed on the subject and stated pos
itively that they had no connection with
Mr.. Cummings whatever. He says that
several months ago Mr.. Cummings gave
them some business but it was almost
impossible to get any money out of him
for the business they did for him. and
consequently refused to handle any more
business for him.
Mr. Cummings has been obliged to
borrow money with which to carry on
his business and the members of the
Minneapolis Chamber of Commerce re-
ward his present standing as being very
snaky. The northwest has just had
sad experience along this line through
the failure of the Coe Commission com
pany, and they are already raising cry
that there shall be cut to the bucket
shops in Minnesota.
We sincerely hope that this may be
warning to the traders of the north
west if they wish to save their money
Usage News.
Speaks in Praise Of DR.. Davis.