The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-05-27
INVESTMENT CERTIFICATES.
The Rush for Thsm and the Profit
In the Business.
PerlIS Of the SpseuIaturs-A New Dodge
Rssprted 10. y



Gates went over the counter steadily iron
l0A. M.to2 7. NJ, $4,000 being gotten ri,
of,-about half the amount that woul,
have gone around among those still in lin
when the doors closed. More than usuu
care was exercised in regard 10 spectators
Every suspected person was removed by
policeman, but lots Of their employees O
course were undetected. '"
ANEW DODGE
put into practice yesterday was to sol
places at 70 cents and $LnsA An Israelit'
who had paid the price was spotted by ,ai
officer, and bounced" in spite ofthis pro
, test9tion, SMeia GottnI paid Elm dollar 70
u know you did" said the policeman
'"and that Is the reason why you mus
leave" 800 a.
Another 1sraelite was observed to b,
Keeping track Of some fellows, and an Of
tGer told him to move on. "Mein Gott,
said he, II have 5000 init dem men, anC
deY may run avay.i l.I ~ ~ ~, IN II
That's alright, wasthe reply, "movt
on" and he had TO. do it. He mar
have gotten his money back, but II
is questionable. Only one man was ar
rested, he having struck an officer who at.
tempted to make him leave the line. Az
to the fellows who skip out with the SlO(
tntrusted to them, they are becoming quite
numerous, q lot Of professional thieves
having come TO the front, since there il M
risk whatever. All they have to do IS "a
put the money in their pockets and hold
on to it. They may be! arrested, but can.
not he punished, as the offense, as before
stated in the Tribune, Is simply a breach
OF trust, the only remedy being a civil &C,
ton. How much would a judgment
against such fellows be worth? The 40.
grieved parties yesterday were very much
put out, and having complained to the
police authorities, detectives were looking
for the runaways, but, so far as known
without success, since they have only DIES.
Criptions OF them. g&t ~
Theindustry is falling into the hands OF
women mostly, for the officers in charge
cannot very well Interfere with them, and
they possess a knaCk Of pushing themsel.
YES to the front which enables them to yet
through in about halfthe time required by
the average male Boys are no longer Of
amy use, as the Slb-Treasury declines 10
sell thom any Of the certificates. Iyi
Specializing in the certificates ly gi 70
IS EoTINDULaED IN
at present by brokers to the extent rener.
ally supposed. At the start-oF these gen.
tlemen did indeed make lots Of money,
They paid a man so cents for getting len
certificates, and made | per cent a day on
their investment. But some Of The en-.
ployes proved to be dishonest and ran of
with 500 now and then, and these ire.
parable losses so cut into the profits that,
US q rule, the brokers have dropped the
gang scheme, and now buy the certificates
from the holders. They have to carry
them, of course, until July anyhow, and
may be until August, since at least month
will be required to pay out the S45, ,OOO
4per cents after the work is begun. Under
these circumstances, assuming that the
bonds remain at 103, and that money can
be had at 1 per cent, there is a chance oil
making from to per cent for carrying
the certificates sixty or ninety days. II
money costs more, the profit will be less.
Up 10 date the brokers have had a good
thing, as the 4 per cents have been stead.
lily advancing in price. The higher they
go, OF course the larger the profit on them,
THE PERSONS NOW s~PEcULGTlSG
in the paper are men who have $500 OF
$1,000, and they make good wages il those
whom they trust are honest and are MOI
recognized and turned out OF the line. iii
Spectator succeeded yesterday in gettinl
in certificates cost him Sl,O3. By walkin,
a block he received from q broker 81 ,022
80 for them; so that his profit on th,
days business was 50 50,-a handsome re
turn, but one hardly commensurate tolth,
risk, ..u. Al. y~.filg.uI.
Areporter colled on mra Ilt
sUB-rREAsuRER alLDERr'i
and asked II he couldhOt suggest aplan b,
which speculation could at least be check
ed and a large number Of the certificate
were evidently intended..N"lsa
"No,nsaid he emphatically. o.,
!"Whatislthe4 dificulty?rG VI M.
~ have thought agood deal about II
butI can't see that anything can be done
There is no, chanceto do anything. Their
is now and then q bonaide purchaser, blu
1t Is undoubtedly true that the great bull
Of tie men and womenbuy %fOrspeculatiy
purposes, either with their own moneyo
TINT Of others" '@,,t.t
"tYou are unable to disCEiminate%
"When we know that to be the case W,
refuse to deliver the certificates, but VI
can't tell intuitiyely who is and who is no
honest about it,
"Have you written to Secretary Sher
man on the subject?"
reported to- him from
time to time the way the thing was work
ing
"Have you heard anything from him?'
"I1have received MOI instructions be
yond those that have been published"
"In your opinion, tR6re IS absolutely n
remedy2"
Except to q very limited extent. TIL
people, who stand in line violate no law
II any onsin the office shepllsel excep
in accordance with the Instructions give
by the Secretary, he wouldbe yiolatingth
law. I'VE are bound to obey the law. j
1.-THE people evade it, Idon't know OF an
power which the police or the Unite
States Marshal has to arrest them. liver
to the poltce headquarters 10 getassistancs
was received .Cleverly, and Supt. Seaye
appreciated the situation, and offered [
give us all the help required, and he ha
There MeC officers in ~citiZensA cloth,
Watching the crowd, and il they sec an
evidences of a man runninga gang=gi
ing different ones" money, etc.-theyi pu
out of line those who receive It. ButthG
cap't arrest them, They are removed b
capsethey9te o%bssrqcting bthsrA al tf'
and when they come up they do not 2
any certificates. One fellow who "
turnedagayFggtfmads and said he Won
! report me, ana told him that wds /
privilege. Generally, they accept Il
!. situation" i5aa T'te
. care all the certificates taken BY Il