Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-11-02
Investor Sues Minister
Who Promoted Stock
To Recover $4,000 Invested
In a Mining Scheme.
Goldman Pastor Accused OF Using
High Finance Methods.

Nv York. Nov. IA tale Of the
lirt. OF 20 i'll which led the Rev. l,r.
Waller u. buchanan, pastor of the
Fourth avenue Presbyterian church.
! ..ianha.1ar. into liIs- byways of mining
| uufnldrl yesterday IN lie supreme
court il RrouIlyn, before Justice Ma
! rt.til.
The respected CLERGYMAN is code
PENDANT III Il suit ~ WIncil Francis l..
Minot Of No 1876 Cumberland street.
,t-,-k.- 10 recover &4tr,D !, n:cn he says
Was obtained Ivy .MetEui7 Of high ii
nance.
The other defendants are Mrs. Mary
T. Dun Of NarasanSett Pier widow OF
f.: o. Dun and half-slster OF DR.. Burh-
nLu: TnmaS j. Curran of Cooney, n.
NJ. president of the Mogollen Cold and
copper Co., which is also made de-
r.i.G.Il,: George II. Masten of No. 2lo
W ct Fourth street, Manhattan. and
" liiam h. Howell.
Letters Of DR. Bucllanan's, written on
church stationery, We're offered i'll cyl
i,.l,." to show the alleged capacity Of
the clergyman as a promoter. Minot
Mogoltan stock at par on representa-
ion that il was treasury stock and
that the nancy was going into develop
mcnt. He alleges that later ne learned
he was buying stock that had Leen IS
,lrd :" iilt ground floor" people who
'unlDadeG" on him a double the price
~ which the shares had been issued 10
thtln.
\ falling ont ~ friends. il is alleged.
enabled Minot to Gel possession OF tn"
cprI-Suuildt nee between the clergyman
ulG the l,i,-!I al the mine.
br Buchanan and Mrs. Dun had
TAX, II 25.u''0 shares each At % cents i
share il is snii. Tho ciergyman'S in
tense interest is shown in Il letter +"
i'rcsioelj Cuir;in. dated Nov. Is. ia0.,
in part .iS follows:
''Nuv. in confidence about Douglas
and Alintnn Of course told them
something about the purchase Of the
Fu"ney properly and they are Very
much interest. | lei them infer Whep
telling Them that it would bt. a fortn-
nal" thing for them if they could oh
tim stock. which WIS doubtful how
ever. AT 81 Il share.
The clergyman far from the pictur-
ts4uc Mu9Git;,n mountains. had become
imlnlcl With the hope that has led
tr.Iny Il man Ia DESPAIR iii that r, Gion
f3m"d for its TOmanctS al hidden
treasure and lost mines. In the lett"r
Ia 'od turran lis faith i'll the com
r;,nE'S properties. bu, quoted another
mans doubts and his exclamation: cir
il doesn't pay. God help u.s." as an in
die; non ~ his own state Of mind.
Two lays later. according to tn" let
tors "n exhibit Dr.. Buchanan write
uncn,n' ortrhly iarge. and mentioned
pool e the stock "ThiS,'' the letter
adds. also may result in our making
y neat iiiti" margin by such sales from
tim" L. rinc."
In the same letter def knowledge of
the promoters art is exhibited in the
minister's reference to having stirred
up Minot and one ''R. u. D." ''tO give
them to understand that you can give
ihei,. ls 4 great favor. . little stock
III nar."
In doing this missionary work With
them" wrote the clergyman. II feel
feel quite sure that they will inro:,une
vou for some stock -"
Mi"ot it appears. did "imp0rtune.
and he now says that about the time
he did 50 DR.. buchanan wrote to Pres
ii,nt Curran that he was glad of The
plan for the sale of stock.
Il think the moral effect of this will
6r most satisfactory on Mrs. Dun"
wrc1e DR.. buchanan. AS for myself.
an anxious to unload some only be-
cause | am 50 fixed that | had to Dor
row the entire amount OF the bank AMI
| am anxious to reduce this burden"