The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-11-19
Alleged Chain of Swim
dlers Mulcts Victims
of 81, 500, 600.
WOMAN REVEALS
THEIR SECRETS
indictments Returned and Ar.
rests Are Made in Six Cities.
Pose q Salesmen of Stock
and Entrap Unwary Pro.
moters and Inventors.
Many Are Involved.

Cincinnati. O.. November ll-wtth
the arrests to-day In six cities OF men
alleged By ths government 70 consd'
tutS . monumental get-rich-Quick chain
Of svindlers. United States secret ser
vice men declare they have brought to
the surface an organization that has
mulcted small corporations. investors
and promoters Of el.soo.oo0 in the last
three years. The arrests were made
a. the result Of secret indictments re-
turned here by the last United States
grand Jury.
Those arrested were F. d. Minyard.
ut Cleveland. O.: George g. Hannaford.
Chicago: H. B. Warren. Rochester. N.
T.: Mason g. Worth. New York: Thomas
Fishwick. Boston: A. Bruce Crane.
Newark. n. J.
Indictments were returned here
against ave men who are alleged to
have constituted one link Of the chain
The fve are Minyard. Hannaford. Fish
wick and ]. r. Long and J. G. Malcolm.
who are said to be in Canada The
other arrests were made on anidavits
Of government ofYiciais- The three in
d'ctsd In Cincinnati viii be returned
here for trial A Federal grand Jury
at Rochester. II IL said. will be i'm
pane!ed to investigate the branches Of
the alleged swindle. while tho grand
Jury at Buffalo. n. Y. will convene to-
morrow to take up the case
wsnan Gives EviAe.ee.
Much OF the evidence which resulted
in the indictments. 1t 10 said. was given
tsae grad jury BY a.B0naAn. AAse Cara
EronaSe. formerly employed - . ste
no2rapher by the nrm Of Minyard.
Kessier q Malcolm. District-Attorney
s.cPherson to-day held . long confer
ence with Miss KronAge. and 1t was
said she would 60 to Rochester to-mor-
row to testify before the grand Jury
there.
The plan Of operation. IL 10 charged
in the indictments. was for members
Of the concern to advertise their abiI-
ity TO sell stocks for promoters and
inventors. Those who ans wered the
advertisements were told that the
stock could not be sold At its true
value unless guaranteed by . reliable
guaranty company. The customer then
was recommended. II is charged. to
George S. Hannaford. who conducted
the Chicago Debenture Company.
Hannaford. the Indictment states
would guarantee the stock. charging
] per cent OF its par value The pro-
moter then would be informed that .
purchaser for the entire issue had been
found provided the proposition was
found worthy. A charge rating ~
high - one-third or sometimes IS per
cent Of the par value Of the stock
would be made for this investigation
that his proposition had proved to be
no good and was dropped
The indictment charges that the
proceeds from the two investigations
wers divided among members OF the
brokerage concerns and the deben.
sure company. No effort was made
to sell any stock. IL declares. and only
a perfunctory investigation made Of
the merits Of the different enter
priseA
A0oog he vSet10s.
The individuals and corporation.
named In the indictments here ~
having been victims OF the brokers In
cIudes the Bitter Root Valley Fruss
aud Products Company. the Foloine
Fibre Boz Company. the 0oidne'd
River Bend Mining ana Milling Com
Many. the Tucson Consolidated Ninins
Company, the Derbyshire Aanufacfur-
ing Company. the United Mine and
smelling Company. the Burreil Manu-
featuring Company. Bradley Ill: w
H. Morey, Rockford. HI. and ,. n
WILSON,. Milwaukee, Wis
Numerous letters advising Tsoepee-
ffxe customers to Smmunicate WIZ tne
CHICAGO Debenture Company. or reiat-
tn~ TO the sale OF stocks, were at
tache dto the indictments as evidence.
The sending through the mails to
H. T.. WILSON,. Of Milwaukee, pam
phIc, called Investment 70. SpecuIa-
don was made the basis Of one count
In the indictments.
warren 10 president OF the Ameri-
can Redemption Company at Rccnes-
ter. ana Worth was charged with COM
cl;ci.y in a scheme 20 defraud In con-
ncc,,on with the Rochester concern.
C3overument ofsicials declare that they
nave evidence showing these and other
concerns all we're involved IN the
chain.
The arm Of Minyard. Kessler q
Malcolm. whose activities here ere
satd 20 have resulted In the govern
ment Investigation. went out Of bust
ness last April. and It's members all
left the city. During It's activities sae
Arms name vas chansed several times,
ne signs on the cf1lces changing frosn
;. q. llinyard 4 Co. 20 niuyard. xs0-
her r Co. then 70 Malcolm . Ksessss
CoDpaav. saA thea 70 usuysrd. kese'
DoP Z MALCOLM
GessUpeOWu Ss0osUa Hoe04
wsshsngson. November iA-Pajltp -
Henry, Of Loutsyille, KY . frson1ae
O. Oeoreetown University, veo ksIlee
Tonight while psaying pramke. 81 hse
ssslSW-seseenta He VS. c!s1ssng q
- q Ws10CW1 W1sa - Ge1UDe0 -
~ - go ~ bspo0