The Washington herald., 1910-11-22
S6O,OOO,OOO RAID
MADE IN new YORK
Continued from Page one.

ing Company. capitalized az $1,000 900;
Long Beach. Mexico, and Arizona Min
ing Company capitalized at 81. 500. 900: Ne
vada GOldheld Mining. Milling. and
Smelling Company capitalized at $780,
go; United Standard Lead and Zinc
capitalized at 100000; Florence Consoli-
dated Mining and Leasing Company,
| capitalized ar s.. 000.000; Round Mountain
Central Mining, capitalized at 81, 001.O00,
| Cobalt-Portage Mine Company. capital
/ lied at 100000; British-American Cop
/ per Mines and Shelter Company. capt.
| talized at 100000: Arizona Copper-Gold
Mines Company, capitalized at 81 100000
| Searchlight Gamma Gold Mining Com
pany. capitalized at 100000: Holcomb
Automatic Engine Company. capitalized
at 100000. and the Cottonwood Copper
| Company, capitalized at Sl,O00.OOO
All Of these com oanies are at present
out OF existence.
They have sold stock in the Happy Jack
Copper Mining and Development Com
pany capitalized at $4,000; Yukon Basin
Gold Dredging Company, capitalized at
$500 600; Toledo. Wabash and ST. Louis
Railroad capitalized at 100000; Chicago
New York Electric Air Line Railroad,
capitalized at 5000 600 IN connection with
the Cooperative Construction Company.
capitalized at 100000
still in Existence.
All OF this last group Of companies are
in existence at the present time.
They also sold the stock of the Vitak
Company. a 100000 corporation, which
is now in the hands of a receiver. and
they are at the present time also engaged
in the sale OF lots in Lincoln, \. J. -
It can safely be said that they have
sold stock at par value of $40, 0000OO to
$50. 000 900 in the various companies, have
an extensive suite of offices in the Flat
iron Building, this city, and at times have
had Offices in Cleveland, Chicago, Los
Angeles. and San Francisco During the
past summer they were driven out OF
California by the state authorities.
IN every instance they have promised
large dividends on the stock sold. I'm ad-
dition TO an increase I'm the value OF the
stock but not in a single case have any
OF the Companies paid any dividends.
and, as stated above. practically all OF
them have been complete failures. The
department has received several hundred
complaints from people who have bought
this stock and lost their money.
Specific Complaint Made.
The specific complaint on which war
rants were issued for the two Burrs and
Tobey charges that on March 30. 1910.
the defendants. under the corporation
name Of Burr Brothers, having devised
scheme to defraud Joseph Lovelaee.
residing at IA DinwOod place, Charles
town. Mass, by means of false and
fraudulent pretenses.'' sent the COM
panys literature" through the mails.
Late in she afternoon the inspectors
stopped in at the Offices OF the Cont
mental Wireless Telephone and Telegraph
Company at Sc Pine street, which Is
also the home of the Collins Wireless
Telephone Company and the Columbia
Finance Corporation. These and other
companies are all associated, in the
minds OF the post-ofnce investigators
and they hoped TO find several of the
officers at home. The only one thew did
find was Charles L. Vaughan, an officer
OF the Continental Wireless. and said
By the inspectors TO be the treasurer OF
the Columbia Finance Corporation
Mr. Vaughan. charged with using the
mails in scheme to defraud, was taken
before United States Commissioner
Shields and held in $4,000 bail He
couldn't raise il Just then. and Joined
Burr brothers in the Tombs.
Started Work in May.
According TO the inspectors, the Cont
mental is an Arizona corporation, capital
lied at sio,o00,0o0, which got its papers in
October. 1902. but did not get to work un-
I'll last May. when the highly ornate cir