It is true that we have sold stock for our customers at various
times and we are glad to do so when it is possible. At the
present time, however, as this company is in process of
reorganization, there would be no market for its stock and for
this reason we are unable to help you in the way you request.
Very truly yours Douglas, Lacey & Co.
In pursuing this method, few promoters have had the success of
Dr. John Grant Lyman. He is credited with having gathered in a
half million dollars in his International Zinc operations. This
company was supposed to have valuable zinc properties in the
Joplin district of Missouri. To unload its stock on the people of
this country Lyman organized the firm of Joshua Brown & Company,
Bankers, incorporated under the laws of West Virginia. Through
them the stock was sold until the collapse of the scheme in 1901,
when the investors found that what property it did own was
heavily mortgaged. While the firm was taking in the money, Lyman
maintained a racing stable, had a reputation as a daring
automobilist, and even invaded the sacred precincts of the New
York Stock Exchange.
LYMAN'S SCHEME TO GET STOCKING SAVINGS
Three years ago the papers throughout this country were filled
with the advertisements of the Union Securities Company, selling
the stock of the Boston Greenwater Copper Company.
Pages:
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63