The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1906-08-30
PArkONS DUPhD.
TO THE TUNE OF THREE MILL
ION DOLLARS.

~
TO THE TUNE OF THREE mILL-
ION DOLLARS.
Thu South and the Middle West ara
Said 10 Be the Chief Bases Of
Their Operation.
The New York American says M.
J. sage & Co.,, the biggest endlsss
chain of Lucket shops that ever ha2
been worked In this country, and OF
which "Al' Adams, the former con-
vict Policy King" has been the
chief bscker since his release from
Sing Sing prison, where he was COM
mitted ss tho 'meanest gambler
In New York." went to the Wall
on Wednesd y. The liabilities are es
timsted to be close to the $4,000, 600
mark, and the assets nothing other
than the furniture Of the New York
ofice at No. 81 Broadway and the
Office In the Fuller Building In jersey
City.
The American says 1t is learned
that Adams has quit the game
G heavy winner, although OF ate
his Losses have besn very heavy.
This Ia due to the fsct thst d'?iaQ
the last six months Adams reaped =.
golden b .ryest at the expense Ct
theusands of dupes In all OF toe SJut .
ern and Middle West cltiea. In all f
its.fnsl doiugs the defuut firm ses q
to have repeated all Of the fnat &C o
Ut Labarree & Co., Of lamented man.
ory, which won't to the wall In 1903
owing nearly 100000 to It's dupes.
Thousands Of Victims Ct the latest
swindle are mourning losses tcday
that mean TO many of them their all
The old Wall Street axiom that "a
sucker is born every minute" has bse'
proved again. Following are th
Games of the members Of the firm;
many of them having figured In man
q similar "failure:" e. L. Bradbury
Of the Astor House. New York City;
g. W. Cannon, Of Rad Bank, N ].
and M. J. Sage, Of Brooklyn. Sage
one tinoe was connected with Onarle:
Head g. o.. Cannon was interested IL
the famous D.. E w. Wooden'
scheme, while Bradbury was connect
5d with the Hsdden Rodie Company
Of Milwaukee.
The firm had it's mali ff1ces In Jer'
sey City, In the Fuller Building, where
1t daily had work for twenty. five uele'
graph operators and nearly as man!
telephone giil9. F.om this centre,
web of High Finance" there wa
spun SERIES of telegraph wires tina
extended into the West and South,
oncompassing all of the large cities,
and In many cases having terminals
in small towns in Canada. The mum
Der Of 30 called correspondents is sait
to be l55; these are the sub brokers.
Beyond unem are ranged thousands OF
customers the lambs that Wert
BhOrn.
All of the brokers are heavy losers
The lambs have not escaped with s
cont that Adams and his gang coulc
coax or cajole from their pockets. The
toral losses will amouat to millions
but at this writing how thorough,
the public havo been feecsd is not
positively known. For the purpose
of creating public opluion In his IA
vor, and to make 1t sesm that he sui
fered as much as his dupes, 1T vas an
nornced that "Al' adams had los
about 90, 900, 600 In money.
AS Adams is away in New MeIic
attending to Ills copper mines, tht
story lacked veriflcation, In tact, T.
was denounced as utterly false bV thos'
who were yersed In the situation. i;
Is known that Adams about slz
months az. began to out looae fron
the men who were In partnership
with him. 1t is charged that be got
wind of q deal by which certain Or
apge, N. J., man and certain men
Der Of the firm we're to defraud him
The gambler thereuEon pulled ur
stakes and left his son, young AL
still in the Il m. 1t was understood
however, that the youngster would
get out as 5000 as conditions warrant
ed such move.
Tho straw that broke the bucke'
shop camel came at q quarter ATE;
three o'clock Thursday afternoon
when it was found that upon one Of
their sheets OF SIS. 600 tine Losses hs'
hesn s4S, COO. Young A'ams crtac
quits. He said be was through VIII
! The game, and that he had hao
enough OF 1t and was not anxious a.
to what might become Of the firm
He was begged to remain. IL WE
shown to him that II he quit he
would be dragged through the pres"
of the country a. man no better
than his father. He Btuct to his de
cis!on and then the firm ssnt this
message to all Of it's correspondents:
We regret to inform you that our
baoker has declined to advance US any
more money. And although we haee
brought evsry ilf lsnce to bear upon
him, be aill not Ieceds from his post
GiOn. This leavss US blU one alterna
tl7e ana that IL to notify y0u that We
cal no longer con sinue ous.ness.
Tnis course is 8 total surprise &c
US, and no one can regret 1t nu;e
thsn we do. M. J. SAGE s. co
This caused the! uGnnGsu cJnsJer.a.
| LiCn II, ELL OF The C.ffl ;ea inGl which L