The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-06-30

have 4 string Of concerns ostensibly ope-
rating separately aud without connection
OF any kind, though in reality branches OF
one concern.
reputation will give two or three OF these
other firms as references in trying to get
into a building. The references are mere
dummies, OF course, but IL often takes a lot
OF hard work before there Is the proper
evidence to show that they are all the same
concern.
Just now IL il the mining game that ie
giving the Wall Street building agents all
kinds OF trouble. II 10 a very difficult
game to run down, which u for the
fact. aS observed by the police and others,
that many men with unBavory regulations
some with criminal records have made
haste to get into It.
Sometimes they are hidden behind alleged
securities companies. but they are there
just the same. They may have q mining
claim somewhere or some p%retence OF title.
All OF them have plenty Of stock TO dispose
OF anyway. 1t is next to impossible to look
up the mining claim. II isn't no hard to
run down the records Of the men selling the
stock.
One trouble the renting agents have to
contend with is that other tenants take in
people, In the guise OF employees who use
the address 10 circulate get rich quick
literature from. They are not sub-tenants
and hence no lease affecting them eve
comes before the agent to be approved.
Not long ago a concern started to run
a Discretionary pool game and sent out o
Of literature. 1t was run down and found
to emanate from a small desk in the off ice
OF a brokerage firm of the best standing.
The man had simply engaged desk room
there and the brokerage concern protested
70 be as SURPRISED as any one when they
found that they were harboring a CON-
pany with a high sounding name and plenty
Of literature.
On the fringe Of the Wall Street district
are still a lot Of old buildings in which
conditions are not so good. These build
inEs still have the advantage OF possessing
an address hat looksw we'll on the kind of
literature sent to the sucker and they are
attractive to the swindlers because their
buIiness is done largely by mail.
Nobody will see the building, but the man
on the farm will see the address. In some
OF these the financial sharpers obtain shelter
without the investigation that would be
made II they tried the larger buildings.
Several buildings have become notorious
for The number Of schemes they have shell
tered, schemes operated in many cases by
men whose records were common talk
in Wall Street.
Some OF the skyscrapers, too, have showed
little il any disposition TO investigate ap-
plicants rigidly, but the example set by
the large renting agents in the well known
Is having a good eject. One sky
scraper on Broadway just before May 1
came around turned over its list Of tenants
TO a reporting agency and decided on a
spring cleaning. Fully fifty concerns were
reported on adversely and their leases
were not renewed.
Tha. there has been a flight OF the financial
birds Of prey northward there is no doubt.
Mining concerns, securities companies and
schemss with a promise Of dividends right
of the bat after they get your money can
he found without number in and around
Twenty-third street now
That's quite a way from the temples OF
finance and the place where mining stocks
are supposed to be quoted. Some of them
would gladly get nearer, but they can't
find a rOost. They are barred from a good
many and the others are full.