Show I BOYS BOY'S S 'S SAS RAPID RISE HS AS f R IS ISCH CH NEW YORK May ay 13 The 13 The promising promising promis promis- in ing career of Lyman T T. Corbin financier financier finan finan- cier cier has been temporarily arrested bythe by bythe bk the board of managers of tho the New York produce exchange e which yesterday erday expelled expelled ex ex- x- x him from membership in m that institution in m institution in- in for practices which it regarded regard regard- ed as ns inconsistent with ith its policies Mr Corbin was the youngest member of tho exchange havi having reached his only four months ago or about four weeks before he was elected to mem mem- Prior to that t tune time he had been an office boy on a uncial ancial newspaper and afterward a messenger for fora a brokerage e house hous during which experience he e learned so much about tho methods of Wall Van street that he felt Justified in es establishing establishing establishing es- es himself as a t financial adviser to tho public at large Ho He therefore bou bought ht a membership on tho the produce exchange for an and a week eek after his election put a display advertisement in ono one o of the morning newspapers in TV which Inch ho be offered to guarantee his clients a profit o of 52 per cent on investments investments invest invest- ments placed with him Among those who ans answered his at- at card was waa the tho special agent of the produce exchange c who called upon Mr Corbin Corbin at his boarding Hoarding house No V West st Ei ninth Eighty h street Corbin had a u type typewriter in his room upon which he was grinding out a mass mabS massof massof of circulars unfolding his plan which consisted of an elaborate system of ot dealings 8 in puts and calls on n wheat which ho he assured his correspondents was T sure to show aera average o profits for a year ear of 5 52 per cent Tho The special agent reported the facts to tho the board of managers and Corbin was summoned on char charges es He admitted that his purpose purpose pur pur- pose pORe was to create creato a fund fun of from 25 to for tho the purpose of f selling sell sell- sell selling ing puts and calls on grain Youn Young Corbins Corbin's 8 caso case was prejudiced b by the fact that ho be had bad given the secretary of the produce exchange e a check for his gratuity dues which turned out to be bo worthless worthIeS Corbin had bad no office down town |