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Show STOCK SWINDLERS GUI 'SHORT TERMS Four Promoters of the Firm of; Burr Brothers Get Year Each in Prison. ENTER PLEA OF GUILTY Fraud's Involve Profit of 15,-000,000; 15,-000,000; district Attorney -Opposes Clemency. . NEW YORK? Dee. 22. As punlsfnmcut tor carrying on a stock swindle by mall. alloKC-d lo have extended over.-a period of two years and lo have .netted millions In profits, four promoters ot tho tirm of Run- Bros... Incorporated, were each sentenced sen-tenced today tu a year's Imprisonment on Block wolls Island. -The prisoners aro Shcllon C. TSurr. president of tho corporation: .his brollmr. lSugene II.. who was secretary-treasurer: Charles II. Tobcy. vice president, and lOdwin Wesley Preston. They offered unexpected un-expected pleas of Riillty before Federal Judgo Holt late today. v Tried on One Charges The indictment upon which they were called to lace trial charged a swindle Involving In-volving 5'IS.OOO In connection with the s-ale of stock of fuo People's Associated Oil company, but the government nllecod that this 'was but one of a continuing series of frauds, estimated to have In volved nearly 550,000.000. with $1".OO0.UOO profit to the promoters. Counsel for the defcndunls said that rather than Involve the expense of summoning sum-moning witnesses from distant points. It was decided to plead guJIty to the indictment indict-ment The maximum sentence possible on this charge is eighteen months, and counsel for the defendants urged clemency. clem-ency. It was argued that the. promoters had reason to' believe that the slocks would prove profitable, but nqw realized that the reprcsenlations concerning the enterprise were too strong. 'United State:; District Attorney Wiso oppnsrd the ploa. for clemency. Judgo' Holt pronounced .sentence as a year each and tlio men wore taken to Iho island tonight. .History of the Case. !ljttlr: more .than ivry.ear jo the four menccro prospering, occupying expensive expen-sive offices in a Rroadway skyscraper. On N'ovemhcr 10, 1010, federal agents raided their offices. In connection with a. general roundup of alleged' stock swindlers swin-dlers ordered by rostniaslcr General Hitchcock. Their business mainly had beu the sale of slocks and bonds In oil and cold-mining cold-mining enterprises. Among their promotions promo-tions were the Nevada -Ooldficld Mining. Milling & Smelling company, capitalized at $r.,000.000; the British-American Copper Cop-per Mines &. Smelting company,, capitalized capital-ized at ?5, 000.000: the J-Iolcom'b Automatic Auto-matic JSnglno company, capitalized at 55,000,000: lhc Toledo, Wabash & St. Louis lallroad. capitalized at ?GtOOO.O0O: the Arizona. Copper & Cold Mines company, com-pany, capitalized at Sl.r.OO.OOO; the long Beach, Mexico t Arizona Mining company, com-pany, capitalized at ' fl, 500,000, and about twenty other corporations with wlork Issues Is-sues ranging from 100,000 to fl, 000,000. Tho government had other Indictments pending, but no othoivrhad been returned and it was agreed in open court that with pleas of guilty In the case at hand, 'further 'fur-ther prosecution would be abandoned. |