The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-03-23
MANY SFROH new YORK
TIIE PROTIDENT INTESTMENT
BCREAU,S RICH MAUI,

Latimer's Pamphlet. wages and wealth"
Induced Persons All over the Country
10 Send Him Their Money-NO Trace of
the PrOmOter-InyeatoF Of This city,
PHILADELPHIA, March Investigation
Of the Provident Investment Bureau and the
Storey Cotton Company has shown that
the two concerns, similar In character, are
on the verge Of collapse The wreckage
Of the PTowdent Investment Bureau was
completed yesterday.
Rummsgng through the desks and
| drawers Of the ONCE Of the concern at lll-l3
Walnut street. the men who had been placed
In charge Of affairs came across hundreds
Of letters which told Of the damage done
by the company.
The scheme Of the company was worked In
States as far away as Florida and California
and In Canada. The customers Of the
concern wete mostly aged men and women.
There were many New Workers attracted
by the literature sent out.
Wherever w. II. Latimer hnancier eI-
traordinary Of Pennsylvania. may be At
present, he has the satisfaction OF knowing
that the Provident Investment Bureau
has come tumbling about the shoulders Of
the multitude, from Florida to Maine, who
were fascinated by his romance entitled
Wages and Wealth
More than 900 persons who read this
dlluring little pamphlet gave their money
10 him TO keep for them. Outstanding
claims at the present time aggregate nearly
81 900, 900. The assets Of the concern, az
far as could be CLEANED from the wreck
yesterday, aggregated s. 800.
The developments Of yesterday we're
varied. At the request Of Attorneys Edgar
j. Pershing and Robert NJ Anderson, Judge
Holland appointed J. Hector McNeal, an
attorney, receiver OF the company. He
took charge OF Affairs at once.
No city, apparently, took to Latimer's
scheme more heartily or with more en-
thusiasm than New York On nearly
every pags Of the books OF the concern is
the name Of one OF two New Workers.
Scores Of letters from residents Of that
city were found.
T. A. Duke Of Ses West ii6th street loses
500 and an extra 500 which be sent yes
terday. The 500 was in check dated
a day previous 70 that upon which Latimer
made an assignment for the benefit Of
creditors and the bankruptcy proceedings
were begun. Had It been dated a day
under the bankruptcy act and Mr.. Duke
would have been in 500. The money is !
now considered an asset OF the company.
DR.. James NJ. Kent Of 278 West Seventy |
sixth street, New York was gullible to the |
extent Of 81 600. One Of is letters was dis !
covered in yesterdays mail Mr.. Kent |
asked Iatimer whether everything was all |
right and whether his money was safe
F. A. Campbell Of Brooklyn was another |
who invested money in the company.
This is what Annie NJ. Sayer Of Syracuse.
y. Y. wrote to the company on Tuesday: |
DEAR Ma, LATIMER: Just a line to ask
il everything his all right with you I have
been very anxious since the story about
the failure Of the Storey Cotton Company.
Besides, think would like to draw out my
money for would like to buy house
f. c. waokman Of Syracuse sent check
for $500 for Lstimer 10 invest several days
ago. The letter was not opened until
Yesterday. A. the check was dated after
the bankruptcy proceedings it will be re-
turned to its owner
Even Broadway. New York, contributed
10 Mr.. Latimer's success II ia not known
just how much George B. Curley of 476
Broadway gave Mr.. Iatimer to invest for
him but il is known that he was one Of
he most generous contributors. Several
etters from Boston, Mass asked for in
formation about the Proyident Investment
Bureaus connection with the Storey Cotton