Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-10-23
cAMn nrsIlINe ~.
Did Those Who HAD net on Produce
Exchanges.

Plt,sburg. Pa. Oct 22,-The news OF
the closing up by the police OF the pub
lie stock and produce exchange, u dis
cretionnry pool concern, on saturday
brought great crowds 81 Investors from
the country into town, Ttcir presence
reveals how widespread had been the
operations Of these concerns, aud fully
conilrms the previously published cHu-
mate OF the number OF persons Who
had Invested money ON these schemes.
The DcAncys, who operated the public
stock and produce exchange, secured
their relnsc on bail for hearing this
evening. At the office this morning
they announced to their clients That as
their books were IN the hands OF the
police they would be unable to pay out
money or transact amy business except
to receive nnticcs OF withdrawal of de-
poslts An the discretionary pools
have a clause In their agreements by
witch they can Insist upon a thirty
days notice ~ withdrawal, at the on
tion OF tho managers. The CONSOLE
dated Stock and Produce company.
another discretionary pool, did not open
Us duorR this morning. Hundreds OF
investors who went 90 the office 10
withdraw their deposits were confront
ed with a notice that the concern had
suspended temporarily, Washington
Force. the manager was not there and
no one appeared able to give any I'M
formation as TO his whereabouts. other
pools are expected 20 suspend ut any
moment and excitement among the In
Vegtors Is running high By the books
| OF The Delnnys 1t Is shown that over
| half OF the Investors were women, most
| " them domcstics mud yagherwomcn.
who faifced they had found an easy
road 10 wcalth and who placed their
! little savings In these concerns
! Another class Of investors who will
1 suner severely is composed of men
1 who were thrown out Of work by the
| late financial depression, and who with
| their families were living upon the
I money saved in moro prosperous times.
/ They thought that by Investing In these
/ pools that they could live upon the div
/ idendH. and thus keep their little cap
! ital intact Many OF these nnd them
selves nj The approach Of winter with.
| out dollar \ warrant has been iA'
sued for Washington Force, manager ot
I the consolidated exchange
] William ", DelnuN. manager OF the
/ Public Stock and Grain exchange, failed
to appear at the hearing this afternoon
and HIS bond Tor $1,000 was forfeited
| G, II and Henry pcluny, brothers of
the manager were held by the court on
charge Of conspiracy to dcfraud m,
discharged
q. y. Thackor Of the Consolidate
stool, aud Grain exchange wnR arrested
this afternoon ON the same charge pre-
fcrrred against the Dclanys, THE run
on the wildcat Institutions continue,
| All day. A. q special meeting of IN,
chamber Of commerce today, Superln
| tcndcnt O'Mara OF tho department al
public safety explained tho wnrllingi
of the syndcates tie said the polio,
authorities had been trying for SOM,
tmG Ia suppress them. but could IN,
no law tn uphold the department. n,
Thought the government should taxi,
hold Of the matter
RESOLUTIONS were adopted cpndcmnlnl
the pooh aud plcdgug cooperation
with the clvll authorities In Kidding m,
community W the parasites DiAtric
Auornry Han snld that the government
might take O hnud In the matter
u did, the chargc would he that %
uHing the mails for fraudulent purposes