The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1911-07-29
FRAUD NETS
sW|NDLERS
100000
-----
Steel Company Offers $1,000
Reward for Two Men Posing
as Foreigners

New York. July 29--An offer o.
3 900 reward viii be sent broadcast
lover the country tomorrow by the
Swedish Iron and steel company o
New York and New Orleans for evf
Idence that will convict two or more
lalleged swindlers of a fraud by which
Iii Ii charged 100000 has been clean
led uplalneady and which Is still
''i,,1 roggsysai III y&aA iii iallbdser.-
Isga1siR ,S)g hG sTada , A. 1h,i ths aESy go
ling hspt ssteel atihdftbrs, Il body of
lHfeh Mhbf lAhnuailE, bring into the
Ecountry goods valued AT $25,00A, 900,
ltD such Hi extent that statesmen
ihandlingi imported steels now report
Ithat they haveFdifiiculty ID persuading
Ieustomers, that they are honest men
Irepresenting reputable firms.
AFTER smali orders a. es
| The reward offer follows .p
frye Thousand Dollars Reward--%
IFor evidence that will convict the par.
| ties who have been selling steel
throughout the country, using the
name of the undersigned without our
lauthority Their methods vary. but
one is to solicit orders for small quan
titles OF samples, then dictate to some
assistant Of the purchaser an order
IN the purchasers firm for large
quantity, and by various methods 10
Induce the purchaser 10 sign without
careful examination OF the order
"In the interests of mutual protec-
tion we ask full particulars OF those
who may have bee1i victimized.
sSwedish Iron and steel Company
Victims Rated High
The victims CHOSEN have been of
first financial standing They include
business concerns OF all kinds in New
England Cincinnati Cleveland CO.
lumhus, indianapolis, Brooklyn, New
York, Buffalo, Lansing, Detroit and
Grand Rapids. In essence the swim
die was this:
The two Frencnmen," representing
themselves as Count So-and-So and
his secretary. would visit d factory
Office, pick their way through the
shops compliment the superintendent
on his prOgressiveness and then so
licit sample orders for high 3elass
tool steel made abroad by the counts
father
Deliver Inferior Steel
While the count engaged the SUI
his secretary would die
tate on the firms stationery an order
for much larger amount and walk
out with a perfinctory signature. |
The order would be turned over to
innocent iobbers who |
would deliver an inferior quality OF
steel, worth perhaps cents pound, |
and collect from 30 to 40 cents q
pound Usually the manufacturer
would pay rather than fight In court
D transaction that appeared bona fide.
The Frenchmen began operations
seven years ago, but two years ago
found il was getting TOO hot for them.
they vanished. but the game was too
good to let die. dt had never brought
/ prosecution or even exposure, ana
low evidence is rapidly accommodating
hat Il is being industriously pushed
gain. either by the two FrenchmenI
II close students OF their methods
American Concern Fights
Originally the swlndlers represent
ID themselves as agents Of an mn
,nown foreign company. Now, how
,vei, they have brought into the game
nj American company, which Is de-
To protect itself. The result
MS been a vigorous campaign which
lill be pushed 10 the end
Z