Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1908-09-16
ROUNDING THEM UP.
Another Alleged SwlndIer In the Tolls in
New York CITY,

Henry T. Rodman, alleged stock
swindler, has been arrested and is
held in $4,000 bail in New York
on a charge of selling worthless
mining stock in Linwood, this
county, and then buying it back
with notes that were never re-
deemed, the victim being furnished
to him by fortune teller. Rod
man is we'll known in the mining
section of Davidson county and
formerly lived here. His father
came here during or after the war
and many of the older people of
the town and county knew him
and knew his sons.
The tale told of his alleged
swindle by the New York Ameri-
can is interesting. In brief it is
to the effect that Rodman formed
the Linwood Gold & Copper Com
pany, issued stock at dollar a
share and had as a co-laborer r
fortune teller who dreamed dreams
and when he awoke, would tell
his victims that he had a vision of
great riches for them through the
H. T. Rodman Company, if they
would buy of such firm.
That people should bite at such
an alleged scheme in New York
city goes far to show that the
much-laughed at green goods vic
TINS of the ignorant countryside
are not as big fools as citizens in
the great metropolis where even
the kids are supposed to "know the
ropes" In fact the victims of
this alleged swindle are the largest
fools we have ever read about.
Dispatch readers will recall thaS
about July last year the Dispatch
published New York letter to
the Charlc tie Observer in which
it was told in numerous vein
that the Rodman people had
fannad a company TO exploit rich
gold and copper mines near Lln-
wood. Davidson county. The Dis
patch stated in connection with
the New York item that while
there was mineral wealth in Dav-
idson county, no such eldorados
as described were known to exist.
Well, it seems that the compa-
ny "exploited" all right, but con-
fined his operations to exploiting
those who bought stock. Two ell
derly, white-haired women. one a
widow, the other married, both Of
Newark, N. j., appeared in a Pc
lice court in New York last week
and told strange story of cards,
dreams, fortune telling and min
ing stock, says the American, the
result of messing with which b7ing
the loss of all their savings, $2,-
500 being lost to the widow, and
$4OO to her friend. They were
Mrs. Martha A. Taylor and Mrs.
Margaret NJ. Thompson, They
said that in June of last year,
looking for something in which
to invest 80 as to make their sup
port more certain and sure, they
went to q fortune teller poor
fools). acting on an advertisement
they saw of N. H. Garnett. He
told them they were lucky and
ought to invest in stocks. He
worked out the problem with
cards, and hearts and diamonds
came to the top, which he sale
ment that they should invest il
gold and copper stocks. Then hf
pretended to sleep, and when nj
awoke, he said he dreamed tht
name of II. I. Rodman and Co
and advised them to see Col. Rod
man.
They saw the Colonel. and he
say they, told them that there wa
a company in North Carolin'
known as the Llnwood Gold Z
Copper Co., which owned cope
properties, and shares were wort
81, the stock would pay II pc
cent. per annum and dividend
could be had monthly, The tw
women there upon parted wit
their 50, 500 and $400 respectively
When they applied for divi
dend, they got the MONTH
one per cent. but when they wen
: after the second monthly profits
J they were persuaded to wait til
the year was up. They waitec
patient souls, till last July, whe