The Weather 1 o-Day: FAIR
The News and Observer.
VOL. XLVII. NO. (it.
LEADS ALL NORTH CAROUNA DAILIES II lEIS All 01 f JllTiii
LUZON CABINET
GOES TO PIECES
Three of its Members in Otis
Hands.
OTHERS ARE IN HIDING
the army broken up into
SMALL BAND'S.
AGAIN WHERE IS AGUINALDO THE CHIEF?
Otis Says He is Supposed to Have Fled West
ward From Bayambang Railway Station.
American Successes in Iloilo. Cap
ture of Cabatuan.
Washington, Nov. 24. —General Otis?
summarises the situation in Luzon in
a dispatch to tflie War Department today
in which he says that the insurgent Gov
ernment can 'no longer claim to exist, its
troops and officials are scattered and
Aguinnklo in hiding.
The dispatch follows:
“Manila, November 24.
“Claim to Government by insurgents
can be made no longer under any fiction:
its treasurer, Secretary of Interior and
President, of Congress in our hands; its
President remaining Cabinet officers in
hiding, evidently indifferent central
Luzon Provinces; its generals and troops
dn sana 11 bands scattered through these
provinces acting as banditti or dispersed
playing the role of ‘amigos’ with arms
concealed. Indications are that Aguiital
do did not escape through lines of Law
ton or Wheaton, but fled westward from
'Rayamkang railway station. Tele
graphic communication to Dagupan es
tablished, probably to San Fabian tie
day; by re-laying nine miles of track
with material at hand railway coninmm
ic-atioa to that point re-established; labor
of troops must attend .maintenance.”
Fuller details of the sharp engagement
between Carpenter’s command and the
insurgents in Iloilo reached the W ar De
partment today in, the following dispatch
from General Otis, dated Manila, today:
“In Panay twtenty-first instant, when
D'k'kman drove enemy vicinity .Taro.
(Carpenter with two battalions ‘Eigh
teenth infantry aatd Bridgeanaji’s battery
had severe engagement at Pavia, north
Iloilo. His casualties five killed, twen
ty wounded, now' in Iloilo hospital, others
slightly wounded with command. Ene
my driven north with reported very
heavy loss; particulars not received. Car
-1 suiter passed on to ‘insurgents strong
hold, 'Santa ‘Bartwra, which he captured
22nil instant without loss. Nothing re
ceived from column under immediate
command Hughes, which is moving rap
idly and operating nor tin, and west of
Santa. Barbara. Apparently Visayans
friendly, not taking active part; enemy
consists of 2,000 Tagales.”
A later dispatch from. General Otis
gives the results of the fight ill g at Iloilo
as follows:
"Hughes Iloilo reports enemy driven
back into mountain's; insurgent capital
Cobatnan captured. Only serious action
that of Carpenter at Pavia; total casual
twenty-seveni wounded, captured ten
twenty seven wounded, captured ten
prisoners, eighteen, cannon, six rifles,
quantities of ammunition. Enemy’s cas
ualties not stated.”
Manila, Nov. 25.—(Saturday 11:25 a.
to.) —Seuor Bneonicamiino, a former inemi
ixr of the so-called Cabinet of Aguinal
do, has been broug’ht to General Otis, a
prisoner on board the transport Brutus.
Jlc had sought refuge in a village near
Him Fabian with Aguinaldo’s mother
and son. ’File natives disc loot’d 'his iden
tity to Major Cronin, who captured him.
General Young is s,i 11 in the moun
tains on the trail of Aguinaldo.
BAUTISTA GIVES UP.
President of the Filipino Congress Ap
pears Before MacArthur.
Manila, Nov. 24.—5:50 p. in.—'Bautista,
President of the Filipino Congress, pre
sented himself to General
today and formally renounced all fur
ther connection with the insurrection.
He was one of the influential Filipinos
who hesitated at the beginning of the
war as to which side on which to cast
his lot. He was offered a judgeship of
the Supreme Court, but declined. He
mow' announces ttfeat he desires to accept
the position and says the Filipino ( "Ti
gress and Cabinet are s< attered, never to
reassemble. Some of the members, In*
adds, ha ve returned to their homes while
others are Hying for safety. Many of
the Congressmen have resigned and lie
believes tilie Filipino soldiers will lay
down tlieir arms everywhere as soon as
they learn the truth.
General Miles at Atlanta.
Atlanta. Ga., Nov. 24.—Major General
Nelson A. Miles and party arrived here
at midnight from New Orleans. Gen
eral Miles will inspect Fort McPherson
tomorrow.
Confessed on the Scaffold.
Austin, Texas, Nov. 24. —James Da
vidson was hanged today for the mur
der of George W. Engburg, a merchant,
end his wife, at Manor. Texas, last June.
Davidson confessed on the scaffold.
FOUR LIVES LOST.
A Bad Wreck on Central of Geor
gia Road.
Georgetown, Ga., Nov. 24. —Engineers
Alt' Vining and Cliff McManus, both or
Macon, wore killed and fireman Monroe
and Rogers, also of Macon, were fatally
injured ip a railroad wreck on the
Southwestern division of the Central of
Georgia Railroad near here at 12:4'* to
day. The two trains, one from Eufaula,
Ala., and the other from Georgetown,
met each other just on the Georgia Mile
of the bridge over the Chattahoochee
river at full tilt. Both the engines were
almost completely wrecked and the
freight ears wpre piled up on the trick.
Engineer McManus was buried beneath
the wreckage and up to this time ids
body has not been recovered. Vining
was breathing when assistance arrived
but died shortly afterwards. The in
jured firemen were brought here and
given all the attention possible but
slight hoi>es are entertained of their re
covery. The cause of the accident was
a misinterpretation of orders on tin
part of one of the engineers.
TWO QUIT LIFE AT ROPE S END.
First Legal Execution in the State for
Criminal Assault.
Darlington, S. Nov. 24. —Two ne
groes, Ed. Lucky and Tom Mitchell,
were hanged on the same gallows here
toil ay for an outrage on Miss Josephine
Lafferty, a young white woman. This
was the first legal execution for assault
upon a woman in South Carolina.
At the time of the assault five negroes
wefe arrested charged with the crime
and all narrowly escaped ‘lynching.
Lucky, one of the negroes, confessed
and implicated Mitchell and upon his
evidence Mitchell was convicted. The
other negroes were released 1 , as there
was no evidence against them.
On the scaffold today Lucky repeated
his confession, hut declared Mitchell in
nocent. Mitchell also protested his in
nocence to the end'.
The trial of the two negroes was held
within two weeks after the commission
of the crime and a prompt conviction
resulted.
THE VETERANS ON HOBART.
Pass Resolutions on the Death of a Pa
triotic Citizen.
.Savannah, Ga., Nov. 24.—The Georgia
Division of United Oonfederate Veterans
in reunion this afternoon adopted tie*
following resolutions respecting the death
of Vice-President Hobart:
“Whereas, the convention of the
Georgia Division of United States Con
federate' Veterans lies received official
notification of 'the dentil of Hon. Garrett
A. Hobart. Vice-President of the united
States of America, therefore Ik* it
“Resolved, That the convention' ten
der to the family of Mr. Hobart.and to
the nation the assurances of its condol
ence upon the death of a patriotic citi
zen and an eloquent and use*fid public
man.”
Copies, signed by General Clement A.
Evans, Commander of the division, were
sent to Mr. 'Hobart’s family and to Pres
ident McKinley.
ORDERS TO CONSUL MACRUM.
Must Insist on Authority to Look Af
ter British Interests.
Washington, Nov. 24.—Mr. Mat-rum,
the United States Consul at Pretoria,
has been instructed by cable to Im
press upon President Kruger that, »n
the view of this Government the usages
< f all civilized nations sanction tin* min
istration of a neutral representative in
the interest of the citizens and captives
of one of the parties to a war, and he
must further insist upon [terforming the
sacred duties imposed by all considera
tions of humanity. This is practically
an announcement of the insistence of our
Government upon the execution of the
trust it assumed to look after the in
terests of British citizens in the South
African Republics.
BRAVE BILL ANTHONY DIES.
Reported to Sigsbee Blowing Up of
the Maine.
New York, Nov. 24.—William Antho
ny, better known as "Brave Bill” An
thony, died at the Presbyterian Hospi
tal today, half an hour after he had
swallowed a quantity of cocaine at one
of the Central Park entrances. He
was the man, who, on February 15tli,
1898, when the battleship Maine was
blow n up in Havana harbor, reported to
Captain Sigsbee in the famous words:
"Sir, 1 have the honor to report that
(he ship has been blown up and is sink
ing.”
On his return to tins country Antho
ny was accorded receptions everywhere.
Ho received invitations from cities to
be their guest. For mouths lie travelled
over the country, being accorded the
honors of a hero. When his leave of
absence was ended, Anthony was pro
moted to be a Sergeant of Marines, and
was detailed at the Brooklyn Navy
Yard.
In one of his pockets was found a
letter written by him to his aunt -which
read that he was discouraged and dis
consolate and was going to end it all.
Among the other articles found was a
picture of his one month old'child, on the
back of which was written: "Bury this
with me.” A Spanish-American war
medal, such as all the survivors of the
battleship Maine received was also
found.
A deputy sheriff and his bailiff were
killed Yesterday at Falklierry. Ala., by
a negro for whom a warrant had been
issued. Their names are not known. A
I posse is in pursuit of the negro.
RALEIGH, NORTH CAROLINA, SATURDAY MORNING, NOVEMBER 25, 1899.
THE GREAT BATTLE
111 ORANGE RIVER
The Attacking Force Num
bered Seven Thousand.
BOERS FIVE THOUSAND
DRIVEN FROM HILL TO HILL BY
BRITISH RUSHES.
BOERS PURSUED BY CAVALRY FIVE MILES
The Engagement Was Really a Series of Bat
tles, the Boers Fighting Desperately to
Hold Each Position From Which
They Were Driven.
Belmont, Cajie Colony, Nov. 24.—10
a. m.—The entire Western Division
moved on the Orange River Tuesday
and bivonaced at Witteputs. Two com
panies of mounted infantry and a de
tachment of Lancers were sent ito hold
Thomas Farm. Their pickets prevented
the Boers from advancing. The Boers
fired cannon, and the British artillery
arrived on the scene and silenced tin*
Boers’ fire. At 2 o’clock in the morning
the guards' brigade moved steadily for
ward to a hill a few miles east of Bel
mont Station.
The Scots and Grenadiers advanced to
within fifty yards of the base, when the
Boors poured in a scathing fire, stagger
ing the guards momentarily.
But, quickly recovering, they returned
a deadly hail into the Boers. The duel
was continued for half an hour. When
the artillery commenced the Boers
evacuated their front position and the
Scots Guards rushed the hill with the
bayonet and amid lusty cheers.
The Ninth brigade then moved for
ward in extended order, and the Boers
started a terrible cross-fire from the
surrounding lulls. The Cold Streams,
supported by the Scots, Greuadi rs,
Northumberland s and Northampton*?,
stormed the second position in the face
of a constant and effective Boer fire.
The Ninth brigade then advanced the
artillery, in the meantime, maintaining
excellent practice. The British infantry
never wavered, and when a tremendous
cheer notified them of the charge, the
Boers fled and succeeded in gaining a
range of hills in the rear, in spite of the
Lancers’ flanking movement. The in
fantry again gallantly faced the fire and
the naval brigade came into action for
the first time, at a range of 1,800 yards.
The infantry was well supported by the
artillery and the Boers, unable to with
stand the death-dealing volleys, retired
and were again forced to abandon some
minor jKisaftionsi The British cavalry
charged" the Boers and pursued them
for five miles.
Possession was taken of tile Boer
laager and the Boer stores were de
stroyed.
The Daily Mail publishes the follow
ing dispatch from Belmont, describing
the battle:
“The Boers held a position which Brit
ish troops would hold against almost
any force. The British victory is com
plete. My estimate otf the Boer losses
is 500 killed and 150 wounded. Mr.
Knight, correspondent of the London
Morning Post was wouiuled. 'Hie Boer
prisoners are ,ignorant, dirty and
wretched. They say that half their com
mando, tired of the war, will refuse
further service.
•The whole force of the fearful tight
was Itorue by tin* infantry, who
were obliigi'd -to climb ;>OO feet, straight
into a terrific stream of missiles.
‘The ‘Ninth Lancers pursued the ene
my with great vigor: but the Boers, well
mounted and faroliliar with the '.oils,
melted before them. Possibly, however,
our victory would have been even move
decisive had we possessed more caval
ry.”
FEW DETAILS RECEIVED.
CaiH- Town Nov. 24.—From the few
details which have reached here of Gen
eral Methuen’s fight with the Boors*yes
terday, it appears that Boers, from
Fincham’s farm, shelled an advance
body of the British Wednesday, Novem
ber 22nd, and the British artillery was
pushed forward and sheiks! a liiil which
the British subsequently occupied, cap
turing two guns. ’ldle Boer casualties
were thirty men killed and wounded.
THE NUMBERS ENGAGED.
liondon. Nov. 24.—A special dispatch
received here from Belmont, says that
General Mctheun’s force numbered
seven thousand men, and that the Boers
had five thousand men.
The engagement was really a series of
battles, during which the Boers wen*
constantly carrying off their dead and
wounded.
The War Office today issued the fol
lowing advices:
“(’ape Town, November 24.—After
noon—General Metheun further reports
1 his_ morning that the wounded are do
ing well. There are over fifty prisoners,
including a German commandant and six
field cornets. Nineteen of those prison
ers are wounded. We are unable to es
timate tin* Boer losses. The prisoners
say that yesterday’s attack was a sur
prise, and that it is the only beating
they have had. A large amount of cor
respondence has been secured. The Re
servists are doing well. Colonel Pole-
Carew replaces Featherstonhaugh in
command of the Ninth brigade.”
TRANSVAAL FULL OF FIGHT.
Cape To wig Nov. 24.-4 ’neon fi railed
reports continue to arrive, here, to t-e
effect that General White recently caught
the Boers in a trap at Ladysmith*) in
ducing detachments of the beleaguering
force to venture into the open country,
where sortie parties from the British
camp captuml them. It is difficult,
however, to believe that mews of such
importance would not have been official
ly announced, and it is held that the af
fair described will probably turn out to
be the sortie reported from the Boer
headquarters November 22m1.
Three squadrons of African light horse
have gone nortaward.
Late arrivals from Pretoria estimate
flu* ißoer casualties at one thousand men,
half of whom were killed. They also
say the race course there is being pre
pared for a laager, in the event of a
siege, and the guns of the fort art* train
ed on it in case the prisoners attempt to
escape,
From President Kruger down, every one
is in favor of fighting. They believe they
will succeed in annexing all the be
leaguered towns. The flag of the United
Republic, now ready, bears the Orange
Cross. The Boers expect the war to
last: from four to six months, when they
will possess 'South Africa.
Uoiimnaudant Albrecht and Lieutenant
Eloff have started with a thousand fol
lowers to capture Buluwayo. j
THEY BURROW 'FROM SHELLS.
Magalapie, Cape Colony, Sunday. 'Nov.
15).—A dispatch received here from Mafe
king. dated) Wednesday, Nov, 15. says:
“The garrison is cheerful but the posi
tion is daily growing more difficult. The
Boers are always drawing their en
trenchments closer and are incessantly
plying the British with artillery and
musketry fire. The garrison is living al
most entirely in underground shelters
and the health of the troops is suffering.
CECIL RHODES’ BALLOON.
London, Nov. 25. —The Cape Town
correspondent of the Daily Telegraph,
telegraphing Thursday, says:
“I am told that Mr. Cecil Rhodes
keeps a big balloon ready at Kimberley
to escape if driven to that extremity.”
THE WILLOW GRANGE FIGHT.
Durban. Natal. Nov. 24.—An official
message from General White at Lady
smith. November 22nd. says:
"Situation unchanged. Troops well
and cheerful.”
The Natal Advertiser confirms the re
port of fighting near Willow Grange.
It says:
“Five thousand British left Estcourt
Wednesday .afternoon for a reconnais
sance. They surprised the Boers at 3
o'clock Thursday morning and occupied
the Boer position, bayonetting 80 of the
enemy.
“At daybreak the Boers opened with
quick firers. The British artillery was
unable to reach the Boers, and the Brit
ish [position, therefore, became untenable
and was evacuated. Subsequently the
artillery was brought into action, and
the Boers fell back. Their object h iving
been attained, the British returned to
Estcourt.”
INTERVIEW WITH CHURCHILL.
He is Treated by the Boers With
Great Kindness.
Pretoria, Nov. 24. —Through the
courtesy of the Transvaal authorities,
the correspondent of tin* Associated
Press, in the company of Mr. I’. G.
Grobler, under Secretary for Foreign
Affairs and Mr. I>e Souse, Secretary of
the War Department, was enabled to
visit Winston Churchill today at the
Model School, where he is confined with
the captured officers. Beyond a slight
bullet wound in the right hand he seem
ed well ami looked hearty, although
naturally chafing under enforced idle
ness. In the course of the interview
Mr. Churchill said:
"The Boers have treated us with much
kindness. This was the ease from the
outset. They praised our defense of the
armored rain and expressed surprise
that the locomotive was saved from be
coming a hopeless wreck, as they ex
lieetcd, under their artillery lire. We
were then marched through a pouring
rain to Colenso, proceeding the next
morning to the Boer camp near Lady
smith and then going by rail to Modder
spruit, finally arriving here on November
18th. On the journey great numbers of
burghers crowded to see us, but there
was only one who made insulting re
marks, the others courteously offering
us cigarettes or showing us marks of
attention.”
Lieutenant Churchill said the confine
ment in the Model school was close and
severe, but under tin* conditions he had
no grounds to complain. When asked
regarding his impression, he said he had
had many discussions with the Boers as
to tin* rights of war, and hail been much
impressed by tin* number who could
speak English. He had found that
most of them regretted the conflict, as
serting that it had arisen as the result
of misrepresentations. So far as he
could learn, however, the spirit of the
burghers in the field, despite their priva
tions, was most determined; and there
was no chance of an early peace.
"I fear,” said Mr. Chu-rchill, “that the
struggle will be bloody and protracted.”
Wreck of the Charleston Vanishes.
Washington, Nov. 24—The Navy De
partment has received the following ca
ldegrani from Captain Leutze, command
ing the naval station at Cavite, dated
Manila, today:
“Culgoa reports Charleston disappear
ed.”
The Culgoa was the relief ship sen*
out from Hong Kong. It is believed at
the Navy Department that the Charles
ton (has slipped dowtn into deep water
s u.vi »ijs i|.m|.iv no jpnnj doors oip. juo.ij
resting at the bow.
This report ihns dissipated the last hope
of saving the ship.
THEIR BRILLIANT
BUBBLE BURSTS
The Franklin Syndicate Blew
Into it 100 Hard.
INDICTED AS SWINDLERS
MILLER AND LESLIE, CHIEF AND
SECRETARY. FLY.
THE POLICE ARREST THE CASHIER
A Glittering Swindling Concern Defrauding
Thousands by Promises of 10 Per Cent
Weekly Dividends, Now in the
Hands of the Police.
New York, Nov. 24.—William F.
Miller, head of the Franklin Syndicate,
which has accepted the deposits of thou
sands of persons in Brooklyn under
promise of paying dividends of 10 per
cent, or 520 per cent, per annum, and
Cecil Leslie, his secretary, were indicted
by the King's County grand jury today.
Bench warrants were issued for the ar
rest of these two men, but up to quite
:i late hour tonight neither had been
found, the police saying that they had
disapjieared in the afternoon. Tonight
the police raided the premises occupied
by the Franklin Syndicate oai Floyd
street. There was a great crowd of
IH-ople around the building, and the po
lice surrounded it. Inspector Brennan
arrested Louis Miller, brother of the
head of the syndicate and cashier of the
concern and took possession of .$15,000
in cash. There were forty employes en
gaged at work in the offi<*es and l these
were allowed to go.
It was stated by Louis Miller to the
police that the offices were then in the
hands of ex-Slieriff Daily, of Richmond,
to whom, lie staid, the concern had as
signed. The charge upon which Miller
was indicted was that of conspiring to
defraud. The district attorney’s office
in Brooklyn has been at work oil the
case for some weeks, so prominent have
Miller’s 04 aerations become in that time.
The presence of the police eausid great
excitement. When they entered the
office they were informed that at (1
o’clock tonight the concern had made an
assignment in the borough of Manhat
tan to Janies Daily, ex-sheriff of Rich
mond. Chief of Detectives Reynolds
said that the police were tin* assignees
now and put Daily off the premises.
Daily has been in the employ of Miller
for some time past. Os the $15,000
taken possession of by the police, some
thing more than $5,000 in cash was
found in 'the syndicate offices. From
the record which the police had made of
today’s deposits iit was evident that a
portion of the money had been removed
from the offices, and Louis Miller, the
cashier, who was arrested, was called
upon to make an explanation. He at
first refused, but on being threatened by
the iHilice, said that Miss Annie Gory,
an employe of the concern, who lived
in a house adjoining the offices, had
been given the possession of a large sum
of money in the morning by the head of
the firm. The police went to the ad
joining house where they placed Miss
Gory under arrest, and after an ex
tended search they found nearly $i),000
concealed in an old lounge in her apart
ments. The woman then declared that
she had this money in her possession for
the purpose of paying tin* employes of
the syndicate. Tin* police, however, took
possession of the money and gave Miss
Gory her liberty.
HISTORY OF THE CONCERN.
William F. Miller began the Franklin
Syndicate in a very small way, locating
his offices among the' poorer classes of
Brooklyn and making one feature of his
business the acceptance of very small
sums of money and the alleged invest
ment of them for the poor people. He
claimed that by inside tips on the stock
market, he was able to reap large and
quick profits, of which he was willing
to pay a large percentage to his clients.
He paid, the interest on the principal
each week and his business increased.
Within the past few months, he adver
tised! extensively and in all parts of
Brooklyn could be found men who could
tell wonderful stories of the weekly divi
dends. Then some of the financial con
cerns in New York began to look into
the business of the Franklin Syndicate,
and not only did many of the prominent
financiers denounce as preposterous the
offer of 10 per cent, interests on money
invested, but some of the banks refused
to accept Miller’s account or to do busi
ness with him.
It is claimed that Miller was simply
the representative of a syndicate of men
who had been engaged in conducting
blind pools for years. The very fact that
the newspapers and financial circles Ihv
gan to make investigations aroused tin*
public interest to such an extent, and
at the same time in some quarters the
public cupidity that, it is said, within
the last week, Miller has received de
posits of hundreds of people, aggregating
a daily amount of from $30,000 to
S4O,(MM). It is easy to see, under these
circumstances, how the Franklin Syndi
cate could readily pay 10 jter cent, of
this amount a week ami still make
money.
Not only were the people living within
the limits of Greater New York large
depositors with the Franklin Syndicate,
PRICE FIVE CENTS
® ities all over the country contribut
irnings of scores of their residents
veil the wealth of tin* syndicate.
”a mail delivery daily at Miller’s office
"* lilted to about three wagon loads
and most of the letters contained money.
Miller had a faculty of <fisplaying a
large amount of his wealth, and the
offices on Floyd street were piled high
with greenbacks of all denominations
and heaps of gold. This seemed to lend
confidence to those who came with their
subscriptions, and it is impossible to
even estimate where “the endless chain"
would have ended. The principal of the
endless chain as develop'd by Miller,
depended upon the fact that his old cus
tomers brought him additional members
and were allowed a commission of 5 per
cent, upon all moneys thus invested.
Those who were drawing this income of
5 per cent, became walking advertise
ments for the Franklin Syndicate.
For weeks before the bursting of this
bubble which .in rate of di rid cuds and
income guaranteed, far surpassed the
wildest dreams of the South Sea Bubble
the United States Postal Department
had its trained investigators tit work
to try to catch Miller and his associates
but in vain.
LIKE A MONTE CARLO DREAM.
Rev. 1 tr. Mend**th of Brooklyn, a for
mer Iwist or of Miller’s complained to the
Brooklyn fiolice that the man was min
ing half of the young men of his con
gregation. The police official to whom
Dr. Merideth complained is said to havo
told the reporters investigating Millet*
ansi his operations: "If you can catch
Miller you *wi’ll be the smoothest men ill
this town. «1 never saw anything like
it. I have investigated the complaint
made by Miller’s former pastor, for Mil
ler had Ik'cii expelled from the ehureli
to which ho belonged, and 1 find that his
statement that half of the young men
and half of the young women in. the con
gregation are in the Franklin Syndicate
is true. But not one can I find who is
willing to make a complaint against the
■man o»f his method. Would you make
a eompSaint yourself if you were getting
tin* 10 i>er cent a week, for Miller cer
tainly pays it out every week according
to the promise contained in his contract.”
The 10 per cent a week, or 520 per
cent a year as guaranteed by Miller, did
not begin in reality to represent the ob
ligations incur ml by the head of ti.e
Franklin syndicate. The rate of 520
per cent a year is on a basis of simple
clerical work. But nine-tenths of Ms
patrons affected by the money making
fever were in the habit of turning around
and reinvesting the 10 per cent interest,
or in, other words, pyramiding their
gains. Tills swelled their operation
from simple interest to real c<impound
interest. One of Miller’s patrons who
invested SIOO, immediately turned around
and reinvested the 10 per cent allowed
him at the end of the first week, mak
ing a balance of sllO to his credit. The
next week he received interest on lioth
principal and interest, thus giving him a
balance to his credit of sl2l. At the
end of 25 weeks, or a little less than six
■months, he found Mm.self with a credit
in the Franklin ‘Syndicate of $1,02u.
All of this from tin* original investment
of SIOO.
One of Miller’s trusted employes is
response be 1 for the statement that tin*
Franklin Syndicate man had taken in
over $4.u«.g.000. It is known that when
the banks shut down on him yesterday
and refused to accept his deposits any
longer, that he withdrew $150,000 in
Che Wells Fargo Bank. It is asserted
tonight that Miller deposited SIOO,OOO
With the German Consul.
Miller, who is a very young man,
short, slight, and insignificant in ap
pearance, possesses two positive charac
tertisties, ltis personal magnetism and his
frozen calmness.
Inasmuch as Miller absolutely refused
to carry accounts of more than SI,OOO
this customer was compelled to reinvest
in the names of other members of hi.-*
family. At the time of Miller’s arrest
he said that lie had over $3,000 in the
syndicate, all from the original SIOO in
vestment. This policy of re-investing in
the name of other members of the
family was carried on to a large extent
among the poorer classes in Brooklyn.
Miller claim® to make his abnormal
profits through speculation in Wall
Street, though 110 evidence is forth (aim
ing up to the present time to show that
lie ever speculated in stocks to any ex
tent. His clerks and employes from
time to time threw out vague hints of
inside information which Miller, they al
leged, possessed.
On Tuesday of this week, just before
charges of libel were preferred against
Miller, he is said to (have taken in SBO,-
0(10 and paid out S3I,(MX). The confiden
tial representative of owe of the banks
who visited Miller’s office about this time
said that In* never saw so muclh money
scattered arouhd 'loose in his life. He
said it reminded one of tab's of Monti*
C’risto and Monte ‘Carlo combined, but
that as an absolute fact Miller did not
have facilities for taking care of all the
gold and greenbacks winch poured in up
on Mm and empty barrels wen* brought
up from the basement in the building in
which he operated and thousands and
tins of thousands of dollars were dump
ed into these barrels by the employes and
clerks employed by Miller in his est a fi
ll shmerfct.
To show the confidence the people
almiiit Brooklyn had in Mr. Miller and
his syndicate tonight even after Mil
ler had been denounced in the most
unmeasured terms, a crowd of probably
2,000 people were gathered about the
building about 8 o'clock. The doors
of the office had been closed at six
o'clock but business was resumed a few
minutes before eight. Tlu* would-be
depositors were formed in. a line by the
police, reaching down the high stoop and
fully one hundred and fifty feet Into
the street. Business was carried on for
thirty minutes. During that time fifty
persons deposited money and not one
drew out. This showed tin* eouftdcno*
of Mr. Miller’s public in his rocket, ol
though at that very moment tlu* 'tick
was in the act of falling, l'p to a late
hour tonight Miller had not been found.