New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-10-14
S. V. WHITE MAKES A HIT.
HE CAUSES TIE ARREST OF \ BROKER FOR
SLANDERING STOCK.
ALFRED NJ. PARKER IN A TIGHT PLACE

ALFRED NJ. PARKER IN A TIGHT PLACE
GENERAL APPROVAL IN WALL STREET
During the recon, depression in Wall Street. the
credit of ninny wc-known and stanch houses has
been unscrupulously assailrd. The method Of in
huencing the course Of prices is not novel. hut al
most invariably effective, because rnmors OF this
Kind naturally discourage trading. TE" rumorS
moreover. are mere whispers. vague hints or sg-
nificani gestures. They difficult to trace and
for that reason, perhaps. the authors are rarely
prosecuted. The governors of the Stoc. Exchange
might do something, but the usual reply to sug-
gcs,ions that they should protect tn" credit Oh
their fcllow-membcrs is that the work belongs TO
the law officers Of tho State. The circulation ot
falls" and malicious rllmor> is consequently recu-
lar industry in Wall Street. in which there may
hc laJc profits with little danger of punishment
s. V Whi.e however, yesterday caused the
arrest of Alfred VI. Parker. wcll-known money
broker for knowingly circulating false statements
with the intent To- influence tho market price ot
Delaware, Inciiawanna and Western stock Inc
arrest made on an affidavit made by Herman
DE Scldinp, of the firm Of Nordcn & TO-. Stock
brokers ON October : Parker. DE S"ldin@ al
lcccs in his affidavit. came into thrir oIre NJ
No & Wall->t and casually asked what Delaware,
Iackawanna and Western selling for. DE
>,.in! replied: "Onc-.oriy-'wo.
Il, will soon he no." remarked Parker.
The other asked him why he "hcarish
on Iarkawanna and Parker said that on that very
day hc had Russell Sage in conversation with
Gcora:. t;oud and as Mr. Whites agent had Of
tcicd SAGE per cent for time money, with
Jackawanna as security. and that the loan was
refused In further conversation Parker said that
the stock Of the l.ackawanna would sell at 40
=
days.
Ur Sc,diny was astounlcd. If YOU know any
,hiuc lc, rnc know II may bc Of importance. he
said
Parker said hc would Use no names. but III
mystrriou- manner ln'mat"d that his business
va. a money -lrnlcr for institutions and capital
isis
A warrant for the arrest Of Parker WAS issued
by Justlrc Ford at the Tombs Polir" 'onrf. ohi-
ccr Eurli,h of the Court Squad about noon AZ
rested Parker as hc WI, roming ort Of his Ofr" AZ
So Nrw-st. Ihc prisoner WIS arralgn"d al the
Tomb, IN the Afternoon. and bal was fixed AT
81 500 Parker was pirolr'l III ih" custody oi hls
r,uu,cl Mc>,rs SuIilcr and Siclman. until thls
mornir4. when the examination wIll !" had
The p.rnl,y of PARSER offence IS thr'r months
mpris"rirn' ard Il fine of Si.u"".
r,rk.r h., been in Wall Sire, for more shan
thirty years. He was formerly III IL" fallioriIa
,hipnlul business. IN = firm 81 Which hI> father
So, 'i.r ir,I. DHri"- Tie w'r Parker i""'arnr
ln.crr>,.d ~ >i"cA speculation. and III ,lroii
time ~, n',"u.n :. lai,r and dAIlnE operator.
Iic n-ur"l cpri.rlrr"'.>y III Ne Ire ,I-cu.ttloIs
Il to,r .i.N :, and II s'id r2inr near corner
lnr "l'nrir' Daniel Dr"w. onr day h. found
hlm.'t completely ruined. for the corner for
,our reason was not successful. lie Is said "
h,. I.,, el,out 5000 900 and he deWa red that his