The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-04-14
VAUGHAN PATRONS
WANT MONEY BACK
GRAIN DEALER AND HIS MAN
AGER ARE ABSENT.
Circulars Sent Out by Vaughan Con-
tanned Such Glaring Inaccuracies that
His Customers Became Uneasy-His
Park Ave. Residence" Looked I'm
posing in the Cut, but He Never
Lived There.

Edward A. Vaughan's office in the
Guaranty building is untenanted save
for wondering stenographers who an
swer numerous questions by saying that
Mr.. Vaughan and his manager, Mr.. Ho-
gan, are out OF the city. Men in the
grain trade and many other purchasers
of a speculative tendency are interest
eddy awaiting the outcome of what was
heralded as one Of the greatest wheat
deals of sensational year.
Messrs: Vaughan and Hogan flashed
into local ken last January. They were
suave, refned-looking young fellows,
who announced that they. had come
here to enter the grain business.
Vaughan engaged offices which he fitted
up handsomely, and circulars were soon
issued which cited two trust compa-
flying to his good financial standing.
One feature Of the circular was two
halftones; one a view at Park avenue
and Twenty ninth street, "showing the
Minneapolis residence Of Edward A.
Vaughan; the other picture repre-
sented half-million bushel elevator
which was labeled my terminal facil-
timonial letters made the fat statement
that Mr.. Vaughan had large elevator
and a stone and brick house in Mime
apolis. ~ .rS
Inquiry was inspired by the fact that
most prominent residence shown in the
Park avenue view was that of Chester
Simmons. Next to it in the picture,
however, appeared house that is for
rent; but the agent for this property
says that altho MI. Vaughan took away
with hima lease on the property which he
document, nor had he ever occupied the
house.
/. The picture of the elevator was final.
ly identified as that of a structure be-
longing to l.. T. Sowle & Sons. L. T..
SoWle sal that Mr.. Vaughan had nego-
tiated with him for storage facilities
here, and had also suggested that he
would like to have 100000 bushel ad.
dition constructed, which he ultimately
might buy. Negotiations had not re-
suited in any definite agreement, how.
ever. -,
Inquiry at. the Dun commercial
agency revealed the fact that neither of
the loan trust companies testifying to
Vaughan s good standing was known
to the agency, tho one was ostensibly
in Minneapolis and one in St. Paul. An
attempt to locate the alleged Minneap
oils branch Of the mercantile agency
that was quoted failed to disclose any
such institution whatever. :
SuGu p1du, do luulCdGCu NY Gllc
blank contracts he sent out, was to Sc
cure money which he was to invest
wholly upon. his own Judgment, receiv
ing commission Of IS per cent. He
was to make an accounting by May 10
and his literature minated that he was
to run "a deal'' in May wheat.
On Tuesday, Mr.. Vaughan, who was
then in Chicago, was evidently notified
that r h e j + II a was investigating
him; for the following day telegram
was received from him at Chicago, an
nouncing that he would leave for Min
neapolis that night with his attorneys
and that any publication rejecting il
airy way upon his standing would b.
carried into the courts. He has. MOI
yet appeared on the scene, however. D..
| Possibly by a. coincidence, it was OF
Wednesday also that Mr.. Hogan ceaset
to be seen at his office in the Guaranty
huildino. On this day, too, the Vaughan
account was withdrawn from the Min
neapolis bank, where it had been opened
some weeks before. 49,,
No direct charges of fraud are mad
against either Of the men, but Their,
seems to. be. a general desire upon tn
part OF their quondam patrons to &c
their money back. At the postoffic
today there were two score or NOR
calls from men and women, who sail
they had sent money orders to Vaughan
and wished to extricate them from TIL
mails if possible. Neither Hogan no
Vaughan had membership in the Cham
Der of Commerce, and Vaughan doe
not appear to be known in the grail
trade, either in Minneapolis or Chicago