Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-13
MYSTERY BUSINESS
INVOLVING MILLIONS
PAYING BIG PROFITS
Continued From First Page)

to name the nature Of their business.
"Why?" demanded the elder Huckils.
Because many investors, among
them many women, have their savings
with you, and there is some public in
terest"
"Well, don't have to tell any one
my business. Credit agencies have been
looking me up. I didn't tell them"
Are you in the cigar business in any
way?" -. , ,,.,u .o,, .,,.. ,.,.
borrowed money and have paid inter-
est on 1t. And any one who has lent
me money will get it back any time by
complying with the provisions OF the
The notes specify that on withdrawal
there must be 60-day notice.
No Soliciting Done.
Neither Of the Huckins has solicited
any person directly to place funds with
them, they say, and no investor can be
found who says he was so solicited. They
have just been "let In" through rela-
tives Of the family, and Huckins seems
to have many relatives. A relative IN
Denver, one In California, one in La
crosse and several in Milwaukee appar-
emily were the first investors, and
through them the circle has grown.
One investor tells another.
In a letter to a woman in Los An
geles last october the elder Huckins
wrote in part:
You are familiar with our method
Of doing business and think could ex-
However, am giving you q sketch that
might help you to explain little more
thoroughly.
I'VE pay cash for everything we buy
and we get cash for everything We sell.
The smallest order we take Is for TO-
600, which Is an original case as 1t
comes from the factory, and what we
are allowing amounts to exactly so cents
a thousand on these cigars. This Is
added to the cost, so we know exactly
what the merchandise cost us.
Quick Turnover.
1--WE also know exactly the price we
receive, so do not have to speculate on
what our profits are. When you con-
slider that the smallest order IS 10000,
necessarily the profits are quite q lot.
It takes about IS days to complete o
deal--that Is, from the time the goods
are ordered until they reach the GUS
toner and the money comes back to
our bank, which Is equivalent to turning
our money eight times Q year. That
IS one Of the secrets OF why We ERE
able to pay what we do.
Another reason is that we have no
overhead. Our orders all come In with
out being solicited. We have no stock
or warehouse expense, as the only stock
we have is what is in transit"
Inquiry among the large cigar man
ufacturers failed to reveal any knowl-
edge of the Huckins.
An Omaha woman mortgaged her
home for $4,000, to 60 into the enter
prise, and her daughter turned over
her savings Of $1,000. But an attorney,
a nephew, learned OF the transaction
and the money was returned.
= All the acknowledgment the invest
or gets IS q note, or q participating
agreement, which reads:
Form Of Note.
Received of John Doe the sum Of
- dollars, for which we agree to pay
for the use Of same, - dollars every
As days thereafter as long as we have
from date and other payments every
As days thereafter as long as we have
the use Of the money. We further
agree that this money may be with
drawn or returned at any time BY
either party giving 90 days notice in
writing"
The Huckinses pay IS every IS days
for the use Of $i50. For $500 they
pay $50 every As days. For $4,000
they pay $500 every As days.
A relative of the wife Of the senior
Huckins worked for q Milwaukee cor
poration, where many other women
were employed. A large number Of
these women and their families and
acquaintance are now investors, with
what are for them large sums involved.
A young woman who has worked
since she was 16 has all Of her savings
invested with Huckins. She receives
$140 every As days, and as her health
Is bad she has resigned her position,
secure In the belief she will be taken
care Of the rest Of her life.
Other Investors.
A Milwaukee physician has $4,000,
virtually all Of his savings, with
Huckins, and has received his dividends.
One important Milwaukee business man
has $40 900 invested, another has $4,000.
A worker in the Ford plant has placed
all his savings with Huckins. He beg
ged to be permitted to invest. Two
Milwaukee widows have more than
Sc, 900 each invested.
The dividend checks are mailed every
As days to each investor, and with the
check goes a small typed slip announc-
ing the amount and signed m. K"
This is. Margaret A. Kiley, secretary Tor