The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-04-07
TWO BLIND POOLERS IN JAIL.
THEY RAN 4. VAN TASSEL f co..
GUESSING ELIMINATED.
Didn't Have to Guess-EiEht Customers
sue Them and Get Orders Of Arrest
Post once Dried EN- In With q
Fraud Order Year AEO-Priest Victim.

Didn't Have TO Guees-EiEht customers
sue Them and Get Orders OF Arrest
Post once Dried EN- IN With q
Fraud Order Year AgO-Priest Victim.
Two members Of A. Van Tassel a Co..
a blind pool concern which dried up In the
sunlg ht Of a Post ONCE Department fraud
order last May we're arrested yesterday
afternoon and lodged in Ludlow Street Jail
on an order Of arrest issued on Wednes-
day by Justice Blanchard Of the Supreme
Court in a civil action for fraud brought
by eight customers. The suit, which Ia
being handled by Lawyer Reno r. Billing
ton Of a. Broadway, Is for the recovery OF
81 $50 alleged to have been paid to the
prisoners.
One Of these. formerly president Of A.
Van Tassel & Co., is George II. Bogsrt, who
l. said to live in Park place, Brooklyn. The
other, Bogert's reputed partner Albert V.
Schoonmaker IA said to live in Harlem.
so far as is known there was no such person
as A. Van Tassel connected with the bro
kers' offlce' which Bogert and Schoon-
maker ran at l29 Liberty street.
They opened the Office late in 1908 and
advertised themselves to be stock specialists
controlling 'the Van Tassel method OF
successful speculation, in which guessing
is entirely eliminated The eight plain
tiffs say they are sure that guessing was
entirely eliminated at one end Of the line.
The system was for sale, all in a bunch,
at the modest price Of $4,000 The circulars
Of the firm stated, however, that, realizing
the number OF persons in moderate cir
cumstanoes who could not afford 30 much
money. the company was prepared 70
operate a pool in which any one with $50
or more could reap the pro rata harvests OF
the scheme. ~
We are guaranteed absolutely against
loss said the literature Of the firm. All
our transactions are on the New York Stock
Exchange. The pool made s71I per cent. In
November, 1908; 70 per cent. in December
and 20 per cent. in January
The company professed 70 hold 300 shares
! Of Hooking Valley stock, which II was sure
was going to lis and which, by the method,
would be so used as TO bring in a profit OF
| from 80 20 200 per cent. year
Mr.. Ellington says that between $4,000
and $4,000 was taken in by Bogert and
! Sohoonmaier. A priest says he PVT $500
! into the game. This priest doee not appear
| as plaintiff, for he said be could not AFFORD
| 10. A Van Tassel a Co. paid an occasional
! cash dividend in cash II " known that
| "a man in the West got a check for SIC.
! Tho company used 10 send statements very
| regularly, telling the subscribers that such
/ ana such a profit had been made, but adj
| yising that the dividends be left 10 accu-
{ rnulate Sometimes IL was urged that
more money be sent on and usually both
! forms Of advice were taken.
/ The Post ONCE authorities became aware
! Of the method In May, 1904, and the fraud
| order was issued. The company imme-
| diately issued certificates Of stock to all lie
| subscribers. They are nice, pink ones, which
| announce that the A. Van Tassel Company
| Was incorporated under the Laws Of the
/ District Of Columbia In May, 1904. The
certificate entitled the holder 10 receive
| cumulative dividends at the rate Of - per
cent. a year II anybody will pay the divi-
dends These were issued, Mr.. Ellington
! saws In order 70 protect BoRert and Sohoon-
! maker, who could declare that they had
| Issued stock in a legitimate way.
When old subscribers began TO get their
| letters, addressed 10 A. Van Tassel A Co.,
returned 10 them bearing the fraud stamp
| thew looked for redress and sought M
Ellington, who was instrumental In the
| exposure Of Miller, tho get-rich- quick genius.
| He has been retained by eight; G. II. Hill Of
Westmorand county, Pa; John l.. Hunt
Of FRANKLIN, Ky; William II. Hoadley OF
Broome county, n. Y; d. W. Hughes Of
Fulton, KY; Or. A. q. Baldwin Of AnsoniA,
| Conn: MI. II. BellmAp Of Ansonia Miss
| Alice L. Belknap Of Springfield, Mas
and NJ. Il. Bernard Of Calgary ". W.T.. Mr..
| Hill was the worst stung OF the octette,
| having gone IN 70 the tune Of $3.50.
Mr.. Ellington got on Bogert's trail ak