Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1910-12-31
STOCK SWINDLE
OF S5O,OOO,OOO

Federal officials raided the Offices
occupied by Burr Brothers. In New
York. corporation dealing in stocks
and other securities.
The raid was made on warrants
charging the use OF the mails 10 de.
fraud investors.
Postofiice officials say that the con
Germ has sold to investors at par value
between s40.000.00O and s50000.000 OF
stock in various companies. most OF
which have gone out OF existence or
become bankrupt. and none in sin.
gle instance paying the dividends held
out In the promises of the concern.
The raid was planned by Warren w.
Dickson, postofilce inspector, in charge
of the New York district. and Post.
master General Frank Hitchcock and
Robert A. Sharpe chief postoiiice in
spector.
The officers arrested were: Sheldon
C. Burr. president; +. Harry Tobey,
vice president. and Eugene II. Burr
secretary and treasurer.
The three officials of the company
arrested were arraigned before Com.
missioner Shields and held in 100000
bail each. Pending the furnishing OF
bail they we're sent TO jail.
Hundreds of complaints have been
made against the corporation by in
vestors. who charge that they have
been SIS ndled through false represen
tations made to them concerning the
profits that were being realized by
those who put their money into the
various oil. timber. copper lead, zinc
and gold companies.
After the raid Postmaster General
Hitchcock gave out an official memo.
randum concerning Burr Brothers
The firm was organized several years
ago and In 1907 was incorporated with
a capital OF 100000 and later increas
ed TO 5000. 600. The memorandum says
that among other companies the Bur-
Brothers are selling the stock OF the
Buick OIL company. a concern with
$4,000. 900 capital
The memorandum further states as
follows.
"They have also organized the fol
lowing oil companies: Carolina Con.
solidated. capitalized at Sl00o,0no:
Coalinga Alladin, capitalized at $1,000.
600: Kern Western. capitalized Al
$4,000: New York Coalinga. capital.
lied at 100000. Coalinga Crude Oil
capitalized at 100000; Peoples Ass0.
ciated Oil company. capitalized at ST.,
600. 600.
"Al the stock in these companies
has been sold except part OF the two
first named. While all the companies
are sim In existence. none save the
first four named is doing any work at
the present time.
"'rhe Burr Brothers have also organ.
lied. promoted and sold the stock in
the following mining companies: Raw.
hide Tarantula. with a capital OF ST..
100000: Montezuma Mining and
Smelling. with a capital OF $1,000. 900;
Golden Fleece Mining. Milling and Re.
fining company. with capital OF $500
000.
practically the entire stock in the
companies has been sold to the public
and az the present time all these com.
panies have gone out OF existence.
They have also sold large amounts
of stock in the Red Top Mining and
Leasing company. capitalized at 81.
100000; Long Beach. Mexico. and Ari-
zDna Mining company. capitalized at
sl,500.00 Nevada Goldfeld Mining
and Smelling company. capitalized at
$1,000 900. United Standard Lead and
Zinc, capitalized at 1000, 600; Flor
ence Consolidated Mining and Leasing
company. capitalized at 100000;
Round Mountain Central Mining, CAPT.
talized al Si.000.O0o. Cobalt Portage
Mine company. capitalized at $1,000.
900; British.American Copper Mines
and Smelter company. capitalized at
$4,000. 900; Arizona Copper Mines com.
pany, capitalized al 81 .50O.000: Search.
light Gamma Gold Mining company,
capitalized az sl.0o0,000: Holcomb An.
tomato Engine company. capitalized
at $4,000. 900 Cottonwood Copper com.
pany. capitalized at sl,00o00o.
IAN OF these companies are at the
present time ont OF existence.