The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1912-11-27
HUGE BUNCO GAME
A SCHEME WORKED that swim.
Died MANY PEOPLE
SCHEMERS MADE MONEY
Indictments Have Been Found by the
Grand Jury Against Five Men Wb"
Are Charged With Operating a
Shady Business That Melted Them
Big Sums In Three Years.

Shady Business That Melted Them
Big Sums In Three Years.
With the arrest Monday in six ci
ties OF men alleged by the Unitet
States government to constitute
monumental get-rich-quick chain
swindlers, United States secret ser
vice men declare they have brough
10 the surface an organization tina
mas mulcted small corporations, in
vestors and promoters Of $1,500,00t
n the last three years. The arrest
we're made as the result Of severa
indictments returned at Cincinnati
by the last United States grand jury.
Those arrested were: F. D. Min
yard, at Cleveland; Geo. S. Hanna
ford, Chicago; H. B. Warren, Roches-
ster, N. Y; Mason G. Worth, New
York; Thomas Fishwick, Boston; A.
Brure Crane, Newark, N. j.
Indictments were returned at Gin
cinnatti against five men who are al
legged to have constituted one link OF
the chain. The five men are Min
yard, Hannaford, Fishwick, J. R
Long and ]. G. Malcolm. Long an |
Malcolm are said to be in Canada
The other arrests were made on aft
davits of government officials. The
three indicted in Cincinnati will be
returned there for trial. A federal
grand jury at Rochester, it is said,
will be empanelled 10 investigate
| branches of the alleged swindle while
the grand jury at Buffalo, N. Y, viii!
convene to take up the case.
Much of the evidence which result
ed in the indictments, 1t is said. was
! given the grand jury by woman
| Miss Clara Kronage. formerly en-
ployed as stenographer by the firm
of Minyard, Kessler & Malcolm. Dis
| strict Attorney Mcpherson held {
ong conference with Miss Kronagt
and says she would go to Rochester
to testify before the grand jury.
The plan of operations, 1t is charg
ID in the Indictments, was for mem
oers of the firm to advertise theil
ability to sell stocks for promoter
md in, entors. Those who answered
he advertisements were told that thu
stock could not be sold at its true
value unless guaranteed by reliable
guaranty company. The custome
hen was recommended, it is charg
ed to George S. Hanna ,ord, who rep
resented the Chicago Oepenture com
Dany.
| Hannaford, the indictment states
would guarantee the stock, charging
! per cent OF its par value. The pro
'noter would there be informed that
purchaser for the entire issue ha
been found proViiing me proposition
vas found worthy. a charge radn'
Is high as one-third, or sometimes
"er ce,+ Of the par value OF tn
stoct, would be made ror their 1nves
isation. afterwards the promote
vas informed that his proposition
had proved to be no good, and wa
dropped.
The Indictment charges that tn
proceeds were dividen among tn
members CT the brokerage concern
md the debenture companies. No ef
ort was made to sell any stock,
declares and only perrunctory in
:estigation of the merits Of the dif
:erent enterprises. The individual
and corporations named in the in
lctments as having been victims o
he brokers includes tne Bitter Roo
valley Fruit and Prcuuce Company
he Folding Fibre Box company; IT,
Goldfield River Benc Mining an
Wiling company; the Tuscan Consol
dated Mining company; the Derby
shire Manufacturing company; tn
nited Mine and Smeltlng company
tne Rurrell Manufacturing company
Bradley, Ill.;W. H. Morry, Rockford
Ill.,, ad ]. H. Wissow, Milwaukee
Wis.
| Numerous letters advising prosper
i've customers to communicate will
the Chicago Debenture company o.
relating to the sale OF stocks were at
ached to the indictments as evidence
# their frauds.
! Sending through the mails to H. E
Wissow q pamphlet called Invest
ment versus Speculation" was mad
the basis OF one count IN the indict
ments.
Warren Is president OF the Ameri
can Redemption company at Roches
ter and Worth was charged witt
completely in a scheme to defraud II
connection with the Rochester con
cern. Government officials declar'
.hac they have evidence shown:
.hese and other concerns all were IN
tc'ved in the one chain.
The firm of Minyard. Kessler 1
Malcolm, whose activities are said II
have resulted in the government IN
vestigation. went out Of business las
April and it's members all left the CT
". During its activities the firm
name was changed several times. TIT
signs on the Offices changing IRON
7. G.. Ninhard & COMPANY 70 MIN
yard. KeesIer & Company. then tt
Malcolm & Kessler Company and Il
Ninvard. Kessler and Malcolm.
BTRNED IN NEGRO'S HOUSE.