The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-03-12
JULES BASH" PULLED IN.
GET-RTCH-QUTCk MANWTTH Y LIVE
(iLCL LATED TO DECEIVE.
Post once Inspectors Look Up His Pre-
tended Fronts In Cotton, and Then
rake Him In on Charge Of Using
the Wall, Win Intent to Defrnud.


rake Him In on Charge Of Using
the Malls Win Intent to Defraud.
Corrosnondruts Of Jules Bash h Co..
toi'or SPECIALISTS who do not receive their
checks ON Nedne day next mny be inter-
e-'ed 10 know that Mr.. Bash has a very
good excuse for not attending TO his mail.
He j. under arrest. charged with using
tho u1,s with the intent 20 deffaud.
81 his record OF 37is per cent profits earned
and distributed among his customers is not
ont 10 d" cqualled for some time TO come.
n nus 10 merely a coincidence that tho
firm name of Mr. Bash is so much like that
Of J. Bache & Co. one of the largest
STOCK Exchange houses in the Street; Tut
mon likely Il IS not a coincidence. People
who are in the sort OF business that got Mr..
Bash init trouble are prone to have firm
nance nat suggest large and responsible
houses u Wall Street.
Late in January Mr. Bash began adver-
Using for customers in remote and widely
separated parts Of the country. 10 those
wboan-Hercd he sent letters explaining that
the greatest opportunity to make money
IN year was presented by the state OF the
cotton market The letters were headed
with ihe fru name and the address "l20j.
,9s, em Broadway" Mr. Bash has two
small ou. ia the Browning building, OPP
fl site the Imperial Hotel. but does not
n,Dy occupy the whole building. His
stationery also bore the cable address.
rJula~co- and the Interesting item. Pr
vlte vitps
On Feb - a circular vas ent ont by
Bash explaining that his customers had re-
rJyod ~ prr cent on their investments
,rlL him for the period between Feb
and Feb 49, lie cent checks TO those who
A cont him mn ney. On March he an
nounoei thar the profits Tor the last half
OF the mont had been 1871 per cont. and
again sent olt checks
Bis.ue-s wa beg ming TO pour in on HIM
ard he was on the high road to the get |
nch-uuick promised land when Post /.
Ofica INSPECTOR Mayer, by a careful system I
which he has devised for learning OF Just 1
such ph, 'authropic schemes broke IN on .
Tho game MIR Mayer sent some of his [
men up to zee Bash. They reported that
he had all the trimmings and eppurtenances
Of a first rate bucket shop. He told them
that he wa, actually earning the dividend
which lie WAS paying and presented what
purporied TO be an abstract OF his account
with a cotton exchange firm 10 prove what
he said.
The inspectors played 1t low down on him.
They went 70 the Cotton Exchange house
and got hold Of the real accounts. The
Cotton Exchange house was not anxious
20 give up the account but when their
attention was drawn TO the fact that they
had cen handling n discretionary &C
count and that any resistance would
bring the affair TO the
notice Of the Cotton Exchange authorities,
there was no further difficulty. The real
accounts showed that Bash had done busl-
hess in the cotton market. but at con-
siderable loss.
These facts with the untruthrul circulars.
yere laid before United States Commits
TONER Shields. who held Bash in 81 500 bail
or further examination.
The literature Of the Bash outfit was OF
he usual sort Prospective investors were
Informed that II they had not $3.50 o take
dvantage Of the remarkable conditions Of
he market they might under the firms
Joint ccount department. invest as
title as $50. IL was distinctly and benevo-
entity stipulated that no Gust omer was
able for losses of more than the amount
e actually invested. The last paragraph
I one Of the circulars was.
'NOw Is the time 10 take advantage OF
situation hat is unusual in every re-
poet Those who do will. we are conf
lent, realize the largest profits in their ex-
eHence