The New York herald., 1922-02-16
25 Persons Believed to Have
Been Named by Grand
Juries for Arrest.
GOLD BRICK TALE TOLD
Franklin, Taylor & Co. Ac-
cused of Getting Exorbitant
Prices by Building Up Deal.


were returned yesterday by the addi-
tonal Grand Jury. The finding Of
seven other indictments in stock
fraud cases was made known through
the surrender of one of the indicted
men. A jury in General Sessions
took only four minutes to convict a
man of a stock swindle. Also there
was unfolded one Of the most amaZ-
ing tales of swindling and the SIM
plicity of the unwary that the prose
cutors Office has heard in many
day.
In addition new cases were pre-
sented to the additional Grand Jury
and arrangements we're made where
by it and the Supreme Court Grand
Jury will listen to-day to further evil
dence. Nearly a score of witnesses
were examined during the day The
indictments clear up about thirty
complaints, according to District At
torney Banton.
Jerome Simmons, Benjamin Schrei-
ber and James J. Wilson, Assistant
District Attorneys, presented evi.
dence in the stock fraud cases. 1t
was believed the juries had agreed to
not less than twenty-five indictments.
OF the indictments newly found one
was against Frank Miniter and Howard
e. Stanley both of Norden & Co. Of
90 Broad street, firm still in business.
Miniter was found at the firms office.
Stanley was in the Tonbs. awaiting
the outcome of another grand larceny
charge.
The two are accused of larceny by
Joseph Keiser. chemical manufacturer
of Newark. Keiser said he turned over
10 them Liberty bonds worth $1,000 and
$4,000 in cash for the purchase of Sc
curities He asserted that he never OBJ
tained the stock. There are ten COM
plants against this finn and the total
involved will run high. according to
Mr.. Banton.
Whether the other indictments have
TO do with the activities of the same
firm was not made known. Bench war
rants were issued for a number Of per-
tectives Bernard Flood. John Cunniff
and Joseph Russo of the District At
torney's office started out to arrest the
men indicted.
Salesman Held In $500 Bail.
Seven indictments were handed UP on
February Q by the Supreme Court Grand
Jury in a stock fraud case OF rather re-
markabe interest This was made
known through the surrender of Samuel
II. Greenfield, 36. salesman, of 1898
Nyse avenue. The Bronx Greenfield had
heard he was wanted and went to the
District Attorneys office. He was ar
raigned before Justice Finch and held
I'm $500 bail on charge of grand lar
ceny in the first degree. Bail was fur
nished by the National Surety Company.
Back of the indictment of Greenfield
and those whose names were kept secret
Is a story of swinding that recalls the
gold brick" days. Greenfield was said
10 have been in the employ of Franklin.
Taylor & Co. Inc, of Ga Exchange
place. It does not appear that he played
an important part in the affairs of that
concern, which rose like mushroom
and faded away like snowflake. Nor
does II appear who his associates were.
There is nothing to show that the names
Franklin and Taylor were not adopted
because they sounded respectable.
Franklin. Taylor & Co., Inc. blos-
somed forth last November as brokers"
dealing In Investment securities" The
firm had about 5000, nerve, knowledge
OF psychology. faith. hope and finesse.
They traled along quietly for a while,
waiting for opportunity.
David Gardiner Approached.
David Gardiner yho is 60 lives nj
East Eighty-second street, and is a
member of the old American family
which settled GARDENERS Island in Co
ionial days. He owned before he en-
countered Franklin, Taylor & Co. a
substantial block of stock in the Grant
Casinghead OIL Company. One day last
month he received telephone message
substantially to this effect:
Mr. Gardiner? Mr.. Gardiner. this Is
the firm OF Franklin, Taylor & Co.. In
corporated Of 81 Exchange place We
deal In investment securities We have
heard that you have a block Of Grant
Casinghead OIL Now, we have n Gus
toner who wants some of that stock
ana we called up to find out whether
YOU would be willing TO sell"
Mr.. Gardiner had almost forgotten he
owned the stock. He was interested
however, and gladly accepted an invi-
tation TO call at the Franklin, Taylor
Continued on Page Seven.