The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1894-10-25
THEBUCKEq SHOPS RAIDED
DISCRETION AIRY POOLS.
Investigation Of the Methods Of Pittsburs
Bucket Shop Keepers.

The attention OF the police authorities OF
the city Of Pitsburg has been called TO the
rapid increase In the number OF so-called
brokers' offices or bucket shops, which claim
TO transact business through the New York
and Chicago exchanges, and make very large
dividends for their customers. by actually
paying, In some instances, as high as 30 per
cent. In one month, they have drawn large
patronage from all sections OF the country,
among the class who want TO get rich IN a
day and will give their money into the hands
of whoever promises the biggest dividends.
The newspapers begnn an investigation OF the
methods OF these concerns and run was
made on some of them by their depositors.
The Public stock and Grain exchange at
4O7 Wood street has suspended business
until further notice. The suspension Is due
TO the fact that the books and private papers
OF the concern were seizcd by the police Sat
urday afternoon and are being heid as e'i-
dence against the proprietors.
The raid was made on n warrant iesued on
oath OF Mrs Mary T. Kalb OF Steuben street,
West End.
The warrant was given TO Detective Nc
Tighe TO serve. Accompanied by Detectives
shore. Coulson and Fitzgerald he proceeded
10 the Wood street establishment. All day long
n crowd had bcsieged the plnce. Hundreds oi
them were depositors wanting their money.
Hundreds OF others were simply onookers.
Wood street has not seen such excitement
since the Penn bank went under and the AZ
fair created general furry In the downtown
section. The police arrived about 4:3O, after
concern had closed its doors for the day. They
fought their way through the crowds and en-
tering put everyone under arrest. All the
hooks letters kilograms circulars and other
matter belonging TO the place were seized
and together with the prisoners taken 10 the
Central station.
William T.. Delaney, manager OF the PUB
lie Stock and Grain Exchange, has lett ior
parts unknown. His bond OF $4,000, In
dorsed by Charles II. Hartman, the hotel
keeper OF Allegheny has been forfeited. {.
II. delaney and Henry Delaney, his brothers,
have been held for court ON charge OF con-
spiracy to defraud. J. 7. Packer OF the Con-
solidated Stock and Produce Company Is un-
der arrest on the same charge. The cham
ber of commerce has instructed Its finance
committee to employ counsel and proceed
against the various pool managers and the
run on these establishments still continues.
one OF the victims was William Brown an
aged man residing on Sandusky street. Allie
ghenv. He was almost heart-broken over his
loss and tears streamed down his cheeks rs
he related the story Of his misfortune. He
said he first invested 300 at the Consolidated
Produce exchange, OF which Washington
Force is manager He drew dividend OF
sl6 aud then put In all the money he had In
the world which was 800. He said he had
been unable TO get cent back and that he
hadn't a cent in the world TO pay his funeral
expenses In case he should die suddenly He
said his daughter. who lives with him. works
TO support him. lie thought by investing
the money saved he could realize a good per-
centage aud save her from working 30 bard.