Norfleet: the actual experiences of a Texas rancher's 30,000-mile transcontinental chase after five confidence men. Page: 21 of 369
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large commissions, stating that after his company had
purchased my land and the deal closed, on which he
confidentially told me he would make five per cent commission,
his year's business would average for him a
salary of about one thousand dollars per month.
"That is not so bad for a young man just out of
the Army, is it?"
He laid special stress upon the large volume of business
he was doing and that he was a man of action.
Upon investigation I found Capt. Dick Slaughter
had returned to the City, so I went to his office to see
We arrived at an understanding in connection with
the purchase of the ranch and drew up a contract. I
made a five thousand dollar payment, the balance of
$90,000.00 to be paid within forty-five days.
Next morning as agreed, Spencer and I returned to
Stetson's room at the Adolphus Hotel. We found him
seated at his table. As was the case in Spencer's room,
I observed here two large wardrobe trunks overflowing
with fashionable male attire, a number of pairs of shoes
and everything that a man of his position would require.
Stetson was very busy deciphering code messages
which he explained were instructions from his Company
outlining his work and advance information on stocks.
He suddenly turned to Spencer and asked him to go
down and get the morning papers. During Spencer's
absence Stetson said he was going to be a very busy
man that day and expected to take a large amount of
money out of the Exchange for his Company, which on
certain days controlled the market on certain stocks and
only upon advice from his Company to this effect and
under their instruction, did he work; they advising him
the condition of the market and when to buy and sell.
By taking advantage of this information Stetson explained,
he could make quite a sum of money on the
side, not only for himself but for his helper if he could
find someone in whom he could place confidence. He
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Norfleet, J. Frank, 1864-. Norfleet: the actual experiences of a Texas rancher's 30,000-mile transcontinental chase after five confidence men., book, 1924; Ft. Worth, Texas. (texashistory.unt.edu/ark:/67531/metapth5864/m1/21/: accessed July 27, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .