South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-12-20
PRINCE OF FRENCH
SWINDLERS NABBED
Famous Swindler Operates
Upon Get-Rich-Quick
Desire of POpulace.

NEW YORK. Dec. 19.-StiH 20
neric the title Of the prince u
s,vindIers'' at the axe n 20 is a.
least a tribute % ability - even II
mis- directed-b the vast scale on
which Marie Reyuaud's operations
are conducted, and the unbrOken
elcccss with which he has carrie
them into execution. put this French
decimal shark almost beyond COM
petition at the head of his tribe.
ThrouChout his life Remand has
9. emed TO find il as simple 20 at
tract francs from the pockets Of
French small investors as a magnet
collects 90 &c all the steel filings
within range. re has had temper
ary lapses OF inactivity the
Jaw has been able 90 hold him with
in its clutches for brief periods
but these Interruptions have not Sc
ri0us,y interfered with the even
tenor OF mis- way toward acquiring
without work. some 40 million
francs from the earnings Of other
people.
Remand may be regarded as the
supreme "bluner" OF France He
has always known how 10 make use
Of his aristocratic, dlstingue appear
auce supplemented By all the acces-
series Of the prosperous Cor pre-
,ndedly prospeTousJ business man
Iu the shape Of palatial mansions,
luxurious Iimousines. lavish man
ler 81 living, TO create the feeling
OF confidence that he was making
huge profits on the strength Of
This display" he was able TO in
dIce investors 20 believe that ne
really could obtain for them the eX-
travagant rates OF interest which he
aGered rs return on their capital
HE knew there were thousands Of
people with the get-rich-quick de-
sire which he himself possessed 50
overwhelmingly but who did not
have his advantage of knowing how
10 do TO-. Undertaking not merely
10 show them how 70 could be done
bat 20 do 10 for them. he certainly
s1owed how easy was its accom-
plfshment. but as DC was with their
savngs they did not exactly appre-
cate the lesson None the less
despite the exposure which follow
Cd the first great coup. Reynaud al
ways found fresh thousands OF
PORES. as they are known in France
whenever he renewed his efforts.
Got on Rapidly.
Actually the only serious difficulty
this jugglcr with other peoples mil
lions encountered was 10 get a start
Nobody quite knows. even now, how
ne set up his first imposing estab-
Hshment. although IL is so years
ago II IS known that he belonged
10 an Auvergne family, irreprOach-
able IN its record. and owned the
small chateau Of Sailhans, in the vi
cinity OF Saint Flour. That. it is
understood. was all he did own, and
it is obvious that Il was not at al
in keeping with his grandiOse ideas
II was equally obvious TO ReynauC
that the place where he would be
moss likely 90 remedy this state
or things was Paris So 20 Paris
he FASTENED shortly after the
Franco Prussian war He was ther
i'm his twenties. The scarcity of his
worldly possessions is indicated in the
French phrase that he arrived in
clogs and put up at the pothouse. "
None the less me got on his feet
somewhat rapidly for three years
later the banker Marie Raynaud
had n princely residence i'm the
swagger Avenue du Bots de Boulognc
and was known 90 everybody ir
Paris as the enormously rich direc.
tor of the Bank Of state"