The Bridgeport evening farmer., 1912-01-30
REV. DIR. FORD'S
 BOND PLACE Has Incorporated the "World's Bible League" Scheme In This State Would Educate in One Insti- tuition Christian Clergy
 of All Scots

F. E. Ford has been for several
 years a summer resident of New Ca naan, having a suite of rooms at F.
 H. Sammis fashionable boarding house. He made himself known there
 as a minister. In fact, he is one. hay
 ing graduated from the Princeton
 Theological Seminary, and has been
 ordained by the Congregational
 church. He attended that church in
 lectured at a Band of Hope meeting.
 Be known in 8 confidential way
 that he had made much money in
 Wall street.
 A reporter hunted MT. Ford up at
 his Wall street office and gained in
 formation which he gave to the New
 York World. The World had already
 heard that broker who did business
 for the E. s. Dean Syndicate and had
 been expelled from the Consolidated Stock Exchange, was back in Wall
 years. The World was looking for
 this man, it developed that he and
 E. E. Ford were one and the same.
 E. H. Sammis believes in Ford's in- tegrity. MT. Sammis dictated the fol- lowing statement to a reporter: ''You
 can say for me that Dr. Ford Is all right as far as I know. You can find plenty of others in town who will say
 the same thing. I think he Is aiming
 to do good.'
 On one of his letter heads Ford a great university in New Canaan for the education of ministers of all de- nomina ations-Catholic as well as Protestant. He seemed to think it would be an easy matter to unite all these. He also wanted to buy a news paper in every town and village in the world and publish them all under the name of "The World Bible League
 One one of his letter heads Ford one of the World Bible League Cor poration offices and gave 45-3. which is MT. Sammis' telephone number. as the phone number of the World Bible
 The worlds story was as fol-
 Rev. Erastus E. Ford, the preach er-financier," has evolved a brand new 'philanthropic'' scheme for the advancement of the welfare of hu- manity'' in connection with the Worlds Bible League Corporation.
 MT Ford is well remembered in Wall street as the inventor of the marvellous Market Register and Sys- of his expulsion from the Consolidat- ed Stock Exchange, also as the broker for and intimate associate of James B. Kellogg, whose activities in con- swindle landed him in Sing Sing. Also, as the man who told legisla- tive committee at Albany that with $100, pencil and pad he could at least double his capital each day by playing with the stock market.
 One of the features of this new MT. Ford is to receive for his own use the first $5O0,O0O which pours into the coffers of his personal ly conducted Bible League. The plan human race has to do with the mar keting of an unlimited isue Of fifty year per cent golG bonds of the Lea gue.
 Another feature of the scheme is a provision in the bonds by which the league assumes only moral obliga- ti"n'' fo- either the principal or inter- est. Another provision in effect tech 1 aically makes the corporation hon-as- set holding. For the ''convenience of l the bond purchasing public" the hand | Somelv engraved and embossed certi- | rciates have been issued in denomina- l tions of from one to one million dol | lars, making them accessible to every | pocketbook After much urging MT |
 ''Now. here is my plan, said MT. ! Ford, land it has taken me five years | to work it out and hope The World 1 will not publish it until I have put 1t | through. The scheme is simply this: | We issue benevolent bonds maturing l n fifty years. with a clause providing ! for an annual payment of per cent. |
 Every bond is to be sold at 10 per ,ent. above it's par value. Interest at | per cent. is to be paid to each pur- 'haser on the full amount he pays. L. he man who sells the bond. The pur- ,haser specifies that cause or object o which he wants his money devoted. Tor each bond sold I expected to get ,ne of the wealthy gentlemen named o guarantee the interest to the pur- hs ser, the principal to the cause.
 For example: You buy a $1.Oo0 pond for S1 900 and you specify that -ou wish it devoted to firemen's re- ief fund A donor guarantees you your interest at percent. The sell ng agent gets S100 commission. Af- CT administra tion expenses are taken ut, a sufficient sum is set aside in one trust company which under will double the face value f the bond in fifty years"
 What happens to the rest of the
 why. that goes into the treasury ntil the sum req ches half a million. The first half million is mine; it goes o me for my work of the last five ears and for promotion and also for ny work in perpetuity. The bonds egaIly responsible. It is a moral in ebtedness only. The only limit to he bond issue is the amount of in crest the donors will guarantee
 ''I am on the level in this. I am nly trying to help humanity. It is ! ard. hard to be misunderstood. rect ingratitude on every hand. 1 ( I get only suspicion of i " motives. ( Do you speculate in the market?' le reporter asked.
 That is impertinent question" louted the preacher financier" i What do down here has nothing to I 9 with what do up there. The Ford a