The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-03-31
FINANCE ARTISTS
UNDER fraud BAN
Customers, According to
Evidence, Never Received
Margins Back or Profits.
Con n ecticut Astrologers
Gave Too Much Advice
for Small sum.

The Postmaster General has issued a
fraud order against a string Of high
finance artists in New York city.
The order affects the names of w.
Wright Gordon. 10 Wall street; Henry
II. Patt, q William street. and Frank
w. Spalding & Co, 80 Broadway.
Thomas O'Connor. one Of the persons
Interested in the operations conducted
under the above names is said TO have
rented boxes at the postofice to re-
ceive the great volume Of mail sent
to some half dozen firms, including
those named above. and others not nc
titious
Dealt in Stocks on Margin.
The several nrms solicited accounts
for dealing in stocks. principally on
margins. and would give each other as
reference. which made it a lead pipe
cinch that the intending customer would
always receive a favorable reply 10 his
letter Of inquiry.
1t is brought out in the evidence be-
fore the Postoffice Department that
money once placed in the hands OF any
OF the so-caIIed brokers named would
never find its way back into the purse
of the conhding customer.
1t Is cited that Mrs. Ellen fancy, Of
Nusquehoning, Pa, sent funds to some
one of this particular system to be
USED IN buying Missouri. Kansas &.
Texas stock, which went the wrong way
and she lost. She repeated the expert
fnent some two or three times with the
same result.
Profit of $3.50.
Finally she bought ten shares Of
Reading through the system at so. It
went to %. when, on the advice Of post
ONCE inspectors. who had learned that
she was patronizing the SYSTEM" she
ordered the account closed, which net
ted a profit of $50.
This transaction, OF course. called for
the system" turning loose some real
money. but-not so. Not to be outdone.
the system" notified Mrs. fancy that
her Reading stock had been closed out
as she had directed, and the proceeds
invested in American Shelters, which
had taken slump the same day and
wiped out her account, besides placing
her in debt TO them for some few dol
lars
Astrologers Given Blow.
Prof. c. Rameses, of stratford and
Bridgeport, Conn, a rather resourceful
- - AAe-9 eN-9' bSNAA ANtAANA Lllt
use Of the mails
The professor" advertised by circu-
lars sent 10 individuals that by a cursory
examination Of the configuration of the
planetary bodies he had learned certain
facts concerning the life OF the party
addressed with which he would part for
the modest price Of 81.
The department discovered that one
George A Sears was the individual re-
sponsible for this display Of words, but
that his knowledge Of the heavenly bod
les was limited, and his business. carried
on by the aid OF printed circulars. which
were sent Unfortunately to ali his cus-
toners, regardless OF the "confgura-
ton"
In the same boat has been pushed one
Prof Carl Dorsey, Of Stratford. Conn.
who the department finds 70 be an unfit
person 10 make unrestrained use Of the
United States mails. This business has
been conducted by z. w. Coffee, who
varies his methods by stating thar
knowing sex and photographic peculi-
arities Of the person addressed. % he is
able to impart Information OF great val
ue at a nominal price.