The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-10-05
FLAGG RECKLESS
IN SPECULATION
Money Came in So Fast From Vic
tins, Detroiters Among Them, Profit
and Loss Didn't Matter.

NEW YORK. Oct 4.-The following
are the names of Detroit Flagg
patrons. who may possibly be called
upon to testify before the grand jury:
J. Arthur. No. 234 Woodward-ave.;
J. r. Conner. No. 7S4 vandyke-ave.;
p. ID. Hickey. No. 80 Adams-ave. west;
NJ. ]. Publ. No. 1871 Second-ave.;
Frederick w. Mcclellan. No. Al Phila-
delphia-ave. west; julius and John
Hozer. Majestic building; F. T. Mo-
ran. Ford building; Mrs. 8. Konen,
No. 1875 Champlain-st.; Roger Hawk.
ms. No. AZ Philadelphia-ave. west
DR.. l. B. Grant. No. sos Washington
arcade; 8. Mcmillan. care @. and X.
Mcmillan Co.: T. II. Stephens, No. 3S
Jefferson-ave.; c. II. Ladd, assistant
paymaster M. c. railroad; A. |. Nc
Leod. No. 243 Jefferson-ave.; w. 7
Livingston, No. 1873 Woodward-ave.;
G.. Chiera, No. 243 Jefferson-ave.; NJ
Arthur, N. Arthur. No. 7S6 Boston
blvd; ]. II. Tigchon. No. 400 Moffat
building; r. p. Pankey, No. 81 Smith
ave.; DR.. F. B. Walker, No. 612 Wash
ington arcade; j. r. Boisick, No. 10l
Bates-st.; d. Montgomery, No. 81 John
R.-st.: DR.. B. f. Brodie, Washington
blvd; z. l.. Bond. No. sos Majestic
building; Mrs. A. Phillips, No. 81 VIII
lis-ave.; X. o. Arthur, No. s6 Boston
blvd; A. Mclean, No. 81 Fort-st.
west.
NEW YORK, Oct. 4.-The opera
lions of Jared Flagg. get-rich-quick
investment man, were carried on In
ny H. H.
ing to Madeline Russo. his conhden-
tial secretary.
profit and loss didn't make any
difference" she Is quoted as saying.
THE money came in so fast from In
vestors who wanted the 81 per cent
dividends, which Mr.. Flagg prom
Ised. that few thousand won or lost
in the street didn't count"
Far-reaching investigation by the
federal authorities have resulted In
the Identification OF the joshua
Brown, who was arrested as an asso-
ciate of Flagg, whom John Grant
Lyman, a high fnancier OF interna-
tional fame, used as hgurehead In
a string OF paper mining companies OF
vast capitalization.
Lyman was arrested In San Fran
cisco recently for alleged swindling
in the sale OF Panama land. He es-
capped custody, but was recaptured IN
Oregon last Friday.
With Brown, Lyman incorporated
Joshua Brown q Co, and made II the
selling agency OF the s5,OOO.OOo
United Yukon Companies, Ltd, whicn
absorbed four s1,000,000 concerns. or
ganized. their promoters said, to ex'
ploit "the golden wealth OF the Far
North" II was later proved that
none OF these corporations owned
foot OF land.
Joshua Brown q Co. however, IS
hest known to wall-st because OF the
collapse of the international Zinc co.
ten wears ago. The loss by stockhold-
ers in this bubble amounted to $oOO,-
600 The profit 10 Joshua Brown n
Co who ffoated the stock. was 70 per
cent-25 per cent less than Flaggs.
since the smash of LyIhan's card
houses of finance J hua Brown ap-
nsrentlv dropped on the financial
horizon. He lived In Handsomely
furnished West Side apartment ana
spent most OF his time In the corrl-
dors of the waldorf-Astoria His ap'
nearance in the Thirty-fourth-st. lobby
AZ & D. m. was as regular as the hotel
clock by which he set his diamond
studded watch.
evidence recently obtained by the
government tends to show that
Ioshua Brown was always anxious 70
meet wealthy men from out OF town,
N whom he told OF the wondrous
money-making genius OF Jared Flagg.
n "a said that certain clients OF Bro
ker Brown, who will be summoned
before the grand Jury. are among the
most prominent business and profes.
sional men Of New York, Chicago and
Boston.