The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-04-22

to work of the American Finance INC
Mortgage Company swind!e, in which
the business was mainly done with two
rubber stamps under the name Of w. H.
Spencer"
In the bankruptcy proceedings which
followed vain efforts were made to con-
nect Goslin with the concern hut he side
stepped with his usual agility. He came of
United States Court, but tho charge was
never pressed, although he was under
$1,000 cash bail.
Goslin considered his Light. Fuel and
Power corner one Of the triumphs Of his
career in the financial district. He had
long been in the bucket shop business
himself, and as it happened no one was
hurt in the Fuel corner except the owners
Of sone Of these concerns.
Goslin orr anized the company himself
and put all the stock into his safe.
Then he created a fictitious demand for
the stock by means Of wash sales on the
curb, after which he went about and in
ducsd bucket shops to sell the stock to
him short.
When the day Of delivery came they
could not produc e the stock and he squeezed
them COOL and hard. Several firms went
to the wall, including Floyd, Crawford
& Co, which was one Of the biggest on the
Consolidated Excl ange.
GosIlN's DOWNFALL.
The scheme which caused the downfall
of Goslin was the Western Gold Mining
Conn any swindle. Under the name Of
A. Griffin he was introduced to Werner
ri -, -ra.is,pt af tha nnnnINonp urh@
came from California, where the comrany's
mines are situ a:ed, to negotiate the sale
Of stock. Mr.. Fabian seemed an easy
victim for he cid not even know what was
meant by the term wash sales.
Goslin told Fabian that he would be out
of the city a good deal Of the time and for
Il at reason wanted the contract for the
eale Of the stock to be made in the name of
Bernard Uhren. So a contract was drawn
up and stock was placed in the hands Of
the Wells Fargo company, the agreement
being simply one of sale-that Is, during
a certain time Bernard Uhren was to have
the sole privilege OF buying the stock OF
the Western Gold Mining Company for the
specified price.
Fabian had no sooner zone back to Cali
| fornia than Goslin began his schening.
He wrote to Fabian Il at Charles NJ. Dunn,
"a capitalist Of Brooklyn" was thinking
Of purcl asing some stock in the Western
Gold Mining Company. A letter followed
which purported to come from Dunn him =
self, but was dictated by Goslin.
After that GosIin got Dunn to swear
II at he Lad bought Of H. WhiteT an & Co.,
which firm was said to be composed OF
Henry Written an, formerly a clerk OF
Lippran & Ruck, and Bernard Uhren,
500 shares OF the Western Gold Min
ing Company and that he had Faid for
it in stocks and in cash the sum Of s2S 900
Afterward Goslin got Dunn to allege that
Whitem an d Co, did not turn the stock
over to him nor return lis money.
Goslin got Dunn to assign his claim tC
Charles E. Turner, a broker, and Tune,
ir stituted a suit of attachment against Fl
White man Il Co. and the Western Cole
Mining Company, attaching their prope rtJ
in the hard OF the Wells Fargo company
Turner in order to get thu attachment hao
TO have a bondsman, andfor his bondsmar
! Goslin procured Anna Irene Magler, whc
has been dc scribed as his sterograTh her.
Thus, with the exception Of the We sterT
Gold Mining Company, every party to tht
suit was controlled by Goslin. Dunn
who mad.o the principal affidavit agains
Uhren, Whiteman and the Western COX