New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-14
PROMOTERS GOT DEAF
MUTE'S LITTLE HOARD
Pathetic Story Drawn from
Witness at Trial of Wis
ner and Meyers.
AGED COUPLE LOST $4,000
When All Their Money Was In
vested and They Were IN
Need Request for Loan
on Stock Was Denied.

Peter J. Bollnger. OF Buffalo of"'
mute. was called as witness yesteIua
I'm the trial Of Archie J.. Wisner anu Jun
Movers I'm the United States Dlstrlc'
COW, Through DR.. George Savage
nathotic story was drawn from Mr.. BOZ
Iinger Of how he invested his nttie hoaIu
Of y.GO in mines promoted oy the
PENDANTS. upon their representation th"'
he would make safe, sOuhu' Hlo"e'
making. dividend paying investment
Tho alluring literature OF the promoters
describing. for instance. their fhllpp'he
Plantation Comany" as being richer than
any gold field that had been discovered
since 1890. took In hundreds oil o'heIS'
mary Of whom lost all they had thtousH
the menipulations Of \. l.. Nisner d %
White haired bent by age ana f,eoIe'
r-rbsuc Derby. Of Concord, Mass de-
sciibed the sihking OF his little fortune
Of $1,000 IN stocks sold hy Wisner' LOOK
ing toward his wife. Nj. DERBY SLOWLY
told The story Of his acquaintance WIN
the gct-rich-quick game. prompted pS
questions OF the prosecutor
After investing a little money ne re-
celved a small dividend from Nlsner
Co...hc said. and the arrival Of the chccH
was usually followed by advice from
Wisner TO invest more. until hnaIIN a"
his cash had been abs5. bed.
Mrs. Sarah T. Derby, his wife, COM
pleted the story The questions lad to
be repeated TO her. and hor voice scarcely
carried to the jury. Their anxiety to M
vest money in safe enterprise tha'
would give them more than bank interest
made them fall FOR the promises held oH'
ia the Wisner literature. she said M
agent of Wlsu,r assured 'Aem the mono.
would Zoe perfectly safe.
After all their money had been put into
those stocks. Mrs. Derby said. and divi'
bends failed 10 come a. promised, she anu
her husband found themselves m need
or monev Thcy appealed TO Wisner
she declared trying 20 borrow money
from the 0rm by putting up tH"A STOCK
as collateral but their request was dee
MED.
our stocks Will make money for YOU
the same a. they make for nearly I'VE
thousand satisfied investors was o LEFT
ter sent out bv W.sr.r ~ Go. To
strengthen the force of this representa-
ton the company would send out divi-
denas 10 its investors I'm the form u
checks ON the c!tzens' State Bank OF
San Francisco. which thev controlled.
While tDc checks were ln course of trans
mission 10 the bank Wisncr and his as
so..it,s induced the recipients OF diNi-
bends 10 purchase stock 10 some other OF
thaiI suteTUrlFcs
To gain time In these Efforts. IL was
shown b. the testimony OF Agnes ii.
Morris. Of oxford. Ohio, the Citizens
Bank would hold these checks FOR weeks
and finally send them back marked 'ac-
count at present OverdraWu.
Nothing succeeds like SUCCESS AID We
are successful" was another OF the let
tiers sent out by Wisrer & 90. We are
mo- ordinary firm. wc do not deal in ordi-
nary enterprise, and We take absolutely
no risks
or au those who testified yesterday
none was able to recover any part OF the
money invested with A. J.. Nisuer Co.