Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1912-11-19
Secret Service Men Claim to
Have Unearthed Chain of
Get-Rich-Quic Concerns Op-
Grating in Many Cities.
SMALL CORPORATIONS
PRINCIPAL VICTIMS
For Consideration, Confidence
Men Are Said to Have Agreed
to Sell Stock, After Payment
Proposition Was Dropped,

gBy Morning journal Special Tensed Wire. I
Cincinnati, Nov. 1S.-With the ar
rests today in six cities of men al
legged by the government to constitute
a monumental get-rich- quick chain OF
sWindles, United States secret service
men declare they have brought to the
surface an organization that has
mulcted small corporations, inventors
and promoters of $1,500,000 in the
last three years. The arrests were
made as the result of secret indict-
ments returned here by the United
states grand jury. Those arrested
were r. b. Minyard, at Cleveland. o.;
George 5. Hannaford at Chicago; r.
b. Warren, at Rochester, n. Y: Ma
son G. Worth. at New York; Thomas
Fishwick, at Boston; A. Bruce Crane,
at Newark, \. Y.
The indictments were returned here
against five men, alleged to have con
sttuted one link of the chain The
five are Mlnyard. Hannaford. Fish
wick, ana j. r. Long and j. g. Nal
colin, who are said to be in Canada.
The other arrests We're made on affi-
daVits of government officials.
Much Of the evidence which result
ed in the indictments. it is said, was
given the grand jury by "A woman,
Miss Clara kronge, formerly en-
ployed as stenographer by the firm
of Minyard, Kessler & Malcolm.
The plan of operation, 1t is charged
in the indictments. was for members
Of the concern to advertise their abl-
lty to sell stock, for promoters and
f,ts III
advertisements were recommended to
George S. Hannaford, who conducted
the Chicago Debenture Company.
Hannaford the indictment says,
would guarantee the stock, charge
one per cent of its par value The
promoter then would be informed
that a purchaser for the entire issue
had been found providing the propo
sition was found worthy charge
rating as high as one-third or some
times IS per cent of the par value OF
the stock would be made for this in
Vestigation. Afterwards the promoter
was Informed that his proposition had
proved to be no good and was drop
ped
No effort was made to sell any |
stock, the Indictment declares, and !
only perfunctory investigation made i
OF the merits Of the different enter 7
prises.
The individuals and corporations
named in the indictments here as hav-
ing been victims of the brokers, in
clude the Bitter Root Valley Fruit &
Products Company, the Folding Fibre
Box Company, the Goldfield River
At a..
Tucson Consolidated Mining Com
pany, the Derbyshre Manufacturing
Company. the United Mine and Smelt-
ing Company, the Burrell Manufac
turing Company, Bradley, ILL.,. w. II.
Morrey. Rockford, I'll, and j. n.
NissoW Milwaukee, Wis n
The sending through the mails to
j. II. Wissow, of Milwaukee, of a
pamphlet called Investor Specula
u"h, was made the basis of one
eenntin the indictments Warren is
president of the American Redemp-
uVh Company at Rochester. and
worth was charged with completely
n scheme to defraud in connection
with the Rochester concern. Govern
ment officials declare that they have
evidence showing that these. and
"'her concerns, all were involved in
Inc one chain. T.
i"e firm of Minyard Kessler Il
'"i'oin. whose activities here are said
20 nave resulted in the government in
'9'sdtlon, Went out of business last
apiH ana its members all left the
'"V' The firms name had been
'"ansed several times.