Evening star., 1912-11-18
|SW|NDLE IS CHARGED
Brokers Said to Have OBJ
tanned Half Million.
GOVERNMENT MAKES RAIDS
Inspectors Swoop Down On Offices in
Several Cities.
PROMOTERS ALLEGED VICTIMS
Much Of Evidence Furnished Against
Accused Men Given by Woman
Stenographer.
GOVERNMENT MAKES RAIDS
ALLEGED VICTIMS

CINCINNATI, November lS.-AccordtnG
to government officials in this city. post
office INSPECTORS in many cities will make
an effort today to arrest a number OF
men who are wanted for completely in a
scheme which. it is alleged, has resulted
in the loss of many ousands OF dollars
by unsuspecting victims.
Five of these to be arrested were In
dicted by the United States grand Jury
here last month.
The men, it is alleged. operated against
individuals and corporations that des red
to place stocks or bonds on the market
The following members of the alleged
ring were indicted: r. ID. Minyard, now
in Chicago; j, Gordon Malcolm. who went
10 Canada before the indictments were
returned: Thomas Fishwick, now n Bos-
ton: George S. Hannaford. now in Chi
cago: ]. X. Long, now In Buffalo.
Charges in Indictments.
The indictments charge the use of the
mails to defraud. United Sta es District
Attorney Sherman T. Mcpherson with
held the indictments from publ. cation in
order that federal officers could be gwen
an opportunity to locate the men named.
Mr.. Mcpherson said if was planned 10 ar
rest several men In Buffalo and take
them before the federai grand jury which
convenes there Tuesday.
ia, men a. .i.,.>tu to have mulcted
promoters and infant stock corporations
out OF thousands Of dollars. Sc, ured
through fees and comm. .SsionS for ar
ranging the guarantees OF the securities
of their victims by stock and bond IN
surance companies controlled by the. al
legged SwinGlers.
After paying the commissions demanded
the alleged victims said 10 lave fs7Tnt
that tie inteI est of the ring IN tneir
proposition came 20 an end.
Scope of Alleged Swindle.
According to Mr.. Mcpherson. the men
under Indictment have secured from vie
Tins over the country about S3c0.Hn
The men formerly had an office ~ Gin
cinnati. and much of the evidence against
them is said to have been furnished by
woman stenographer who had been
emp Dyed in the once
CLEVELAND, Ohio. November lS.-ln
a raid on the office of Horace ID. Hastings
& Co, Sssj-e.v Rockefeller building. nereat
noon today federal officials ar. ested r.
d. Minyard, the manager. on u charge of
using the mails to defraud in connection
with the operations of +. D. Minyard Il
Co, brokers of Cincinnati. The ohcers
said the raid was to be simultaneous with
that in other cities.
Offices Are Raided.
ROCHESTER,, n. Y, November 1S.-
Federal officers today raided the offices
of the American Redemption Company
and took into custody all persons found
there, and also confiscated all pal ers In
the offices. The prisoners will be taken
before United States Commissioners Ed
win c, Smith this afternoon.
NEWARK, n. j., November 1S.-A
Bruce Crane of the hunter & Crane
brokerage firm was arrested here this
morning in connection with the federal
governments attack. on the American
redemption Company. Hunter e. Crane,
it is alleged. were the local agents.
Crane was taken before United States
Comm ssioner Stockton and held in bonds
Of 5000. In the complaint against Crane
the t.sburgh Superior Mines Company
ngures as the dupe of the alleged
swindler.
Post office inspection officials. who aid
ed in working up the case against the
men charged with m susing the mails To
defraud small corporations and stock
sellers. claim that the amount secured
by these operators viii exceed Sl,5e9,oc0.
Federal officials claimed to have no in
formation as 10 the actual progress OF
the raids to.ay.