New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-26
ARRESTS REVEAL
sl,OOO,OOO STATE
STAMPS FRAUD
Trail Leads from Wall St.
10 Albany Office, Deputy
Controller Says.
IMPERFECT ISSUES
SOLD, NOT BURNED
runners for Brokers, Tempted
BY High Percentage, Aid
Agents in New Graft.


o., .,,- .-;,. ..
Take INC H'N' ''"'' '''''U'' ou'-
65e the Empire rust Com2any's rev
a., F., .he now EQUITABLE BUILDING.
i0'.,, So. f,r .bo s..,;,- MOS,
l@y n.O'1""'' 'o' CIV S''','''' '.''''
ny morning except sunday SINCE Jan
ss-y. for the .,mc, and the following
.-..,-.-.r7osri,c transaction might
l'''>
!e staged ~ c
,opse. with certified check in one
isnd and two slips q paper, white
nd a yellow. .D the other. Inc white
ain shows that he Is 20 purchase $500
,o-.t Of state stock transfer TAX
.s-pe and ,rc yellow indicates Ike
.-,ur, % fedora, stamps.
A. the boz hu~r.es down tho CORR
:oy he is accos:ed. casually, but care
;gl'v. BIZ an agent OF a firm dealing IN
,,ar1ps and CONS. What are you DO
OK stamps for the firm replies the
r,r7cr.
"War, 20 make some money on the
,5e q"
Nothing dom. Il can't be done.
gsre's the check
.Char-c your yellow slip 70 an order
,or 81 600 worth Of federalS," suggests
Ie scer. "Then come back and get
cou state stamps Of me IN exchange
ior half Of your feGeralS, and III hN
ara little q scount for you
II doesn't sound real 10 the runner.
You will palm of some phoney stamps
IN ne that's your game.
"Thevrc just as genuine as those
49, IraT- "
var on Change the slip and hurry Il
m"
Five GER cent on $500 IS not TO be
.7eezel a.. and the deal goes through
F,r what appears 20 be perfectly good
5,ock transfer stamps the agent gets
isiersl stamps that can be redeemed
for $500 a. any moment. And the run
ner pockets his S25, but not until ne
has made arrangements TO purchase
stamps through the same medium next
time. How can the firm catch on, for
isn't he bringing back just what he was
sent for
Through such deals as these multi
Piled % include other wall street
houses, other runners and otheT agents
Of stamp dealers. the state mas oeeh
deprived 4 more than Sl,OOO;OUO n
revenue IN the last hTe years deputy
Controller William boardman mas oeen
trying 20 find the leak since ne TOOK
Office iu January. Exposure OF the un-
authorized and Illegal franc IN slaIe
stamps came yesterday WIN me alIesi
BY Inspector faurots men OF Eil.@Ilue'
Jackson, OF 40 ILlYS In. .Iaya5 AZ 60, 80
BrooElyn, and benjamin AleNahueL, o.
H6 Decatur street brooklyn al 'heiI
stamp ana com es'aD 5lsi.,l'eh., O. 80 ~
Z street Manhattan. rlo.L III %, 60 on6
stofe deteCllNeS eNt'HI'eU 80
worth OF s'aSt taN stamps anu
mem % heauquaI .......- e
lhese men are ~ Ssa,..rol,o-
stolen SoooS, s~Il DsP1IS g,,.;-,,a
roar 1mah. ar o..,@ ~ - -
ms ln'es'.F"''oi. m O ra.Hcors;Lie
par o. JuslIge 'li' $50 80. sTJ ,be
JOY me me ". ,.
"IN .'"us 10 a ti5.....da. ,,.oro er-
SschSoA anu 1.elJ'''u' -. 49,
'algnea ID He EiHoS ~ 49,.
Nss.s'FAIe DGuG' ne gu - ~ .~aneFe-
~, ,as 49," - i. G;s5eneanor for
1nv person or CORPORATION to dispose Of
state tax stamps without the written
consent OF the State Controller. They
were held in $500 bail for examination
on July !. Jackson was charged spe-
eifcally with selling 5000 worth OF
stamps 10 Jacob Wellington GelGer. OF
Sis Nineteenth Avenue, Brooklyn, on
June "a and Alexander with having
sold $500 worth 10 Garrett Cough, OF
S2S East Tweuty-frst Street. Manhat-
tan. on June %.
@W. admit everything they charge,
but we claim that we have really vio-
lated no law" said Alexander
Alexander Davis, a clerk. Of SAP
Rockswav Avenue. gave Deputy Con-
,roller Boardman and his Investigators
the first positiye evidence that as
sisted in ferreting out the stamp traffic
,eb.me DienIessed because he re-
,,jytS onlv per cent discount, where
o,bers cot 10. 13 and in one in
stance % he made good his threat 70
IN III 10