The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-01-10
BROKER OF rs ENDS LIFE AS
FIRM HE WRECKED FAILS
4. Franklin Stringer, Jr., Shoots
Himself After Big Losses
in Wheat.

q. Franklin Stringer, Jr, mariner with
his father In tho Stock Exchange firm
of q. +. Stringer & Co, shot and killed
himseif yesterday in his private office
IN tho Lords Court Building. just fter
the failure OF the firm, announced on tho
moor of the Stock Exchange. had been
printed out on the stock ticker tape he
read In his own office. lie felt the chief
responsibility for the failure OF the firm.
having used its resources with money of
aus friends and personal customers Il IL
understood. on the wrong side of tho big
sest pnlI wheat market IN half a CEN
Jury lie was only rs years old
me hrL' which was not an active one
oh 'nc STOCK EXCHANGE, failed with esti-
mated debts - $4,000. and assets said
10 De about 100000. IN addition To tho
wheat losses the private interests Of the
eluer Stringcr IN a number OF Mexican
nhhinS enterprises had suffered because
OF INC un' e't'cd conditions In Mex
GO Tho mining cnt.ypr'scs IL was
s'dted by Charles \. DcCtN.. attorney for
t'e Str'ns, - and q d.rec.ur I'm the com
gln'cs' are In no way involved IN the
azure. lhese interests are In the Guana-
ylato region az Mexico. where tho late
~ Adams, the policy king, Io,t more
than Sl,oOOOo0 OF his gains in the Guiana
Juat" Anal nma.ed Goil Mines COMPANY.
I sA'u To he the Gre hoacstiy conceived
ana opera'ed venture he ever entered.
Father Director IN vcr rompsny.
The senior Mr.. strirgor Is a direc,or q,
a company Of the same name. said to no
inc successor or the h~si after reorVa MIA
t!"n The Adams venture var FORE
ciosed ana bought IN BY Western mining
mon Attorney Decker said last night
.la; ne was sure that Mr.. Stringer'e in
ttrest IN the company was OF the slight
est. and his association with Al Adams In
the company little II any. Tho GUAM
luato Development Companv. which 1. NO,
connected with che other property, f. tho
main interest of Mr.. Strtnger. He is
president
Young Stringer went into the wheat
market about a month ago. He took n
heavy position on the short side. the mar
ket having had n big rise lie hold st,h-
bornly to his market position in tho la
ot the unprecedented rise IN wheat until.
TWO GAYS ago II became evident that the
hrm would have to go under
'h' 'pilApSt came as s"Cat Surr rise
o ATTORNEY Dccker. The wheat sus~lla-
u"n was not known to aim und when
youns Stringer called the s.torncr N ~.
telephone on Friday he told for ne feat
time of the tarsle necessitat.ng tee end.
ing up Of affairs Of the arru yu,,pp
StrinEer ard his father were 10 20 10 M.
attorneys Office NJ 100 Broadway yester-
day morning.
The Young broker vas standing N tho
ECKER IN the customers room ~ tho once
ana mad just finished reading the tlckor's
announcement of the firms failure when a
Eiri clerk told MIN that some ore wanted
to speak to him over the telephone.
MY friends have been caught" he WA
heard saying 10 himself as he went TO nm
swer the call
Turns From Phone to End Life.
As soon as no finished talking oyer tho
telephone he went into an adjoining room,
aione. The snot was heard throughout
the iiooT on which tho Offices of the arm
ana the Mexican companies in which the
elder Springer is interested occupy alrnost
the entire space.
Willard L. Reid secretary and treas-
urer OF the mining companies, and Gene
eIeve Lh'nb. stenographer. found young
Str,nger on the floor partly under a
taple. On top OF tho table was a small
pile OF personal belongings. a ure in
surance policy for $4,000. his gold c,ga-
rttte case, watch and chain and cJa,,