The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-23
The Discretionary Pool swinaIs.


PrrrsRuRe. Oct. 22-The news OF the
closing by tho police of the public stock
and produce exchange discretionary pool
concern on Saturday brought great crowds
Of investors from the country into town,
showing how widespread had been the
operations of these concerns. Delaney,
who operated the public stock and produce
exchange. secured his release 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 he unable TO pay
out money or transact any business except
10 receive notices of withdrawal OF de-
posits. All the discretionary pools have
cause in their agreements by which
they can insist upon thirty days
notice of withdrawal. The Consolidated
Stock and Produce Company, another dis
customary pool. did not open its doors to-
day, and hundreds Of investors who went
10 the Office to withdraw their deposits
sere confronted with . notice that the
arm had temporarily suspended. Wash
lngson Force. the manager. was not there.
and no one appeared To know his where
aeonts Warrants nave been issued for
hlm. Other pools are expected TO suspend
a any moment. and the excitement among
he investors is running hign. By the
books Of Delaney IL Is shown that over half
The investors we're women. most OF them
denestios and washerwomen, who tancied
that they mad found an easy road TO
wealth.
William II. Delaney. manager OF the
public stock and grain exchange, failed TO
APPEAR st the hearing this afternoon. and
Ais bend for 81 SO was forfeited. G. III.
sat Henry Delaney. brothers of the man
aker were he d by the court on the charge
81 eonspiraey 10 defraud. The clerks and
sngoyss Of the GRIN were discharged. III.
+ Packer. OF the consolidated stock and
kfaia exchange. was arrested thls alter
aeon on tie same charge IS that pre-
'srssi against the Delaneys. The run
"a the Institutions continued all day.
Resolutions were adopted condemn
Ag The pools, calling them gambling
aishllst meats, etc. heartily commanding
see newspapers and police for exposing
as e0ncerns. aud plsdging cooperation
sta the civil authorities In Kidding the
esomuuiiy VI the parasites. The finance
Naaiitss Vas authorized 20 employ
ee4hsos % proceed by application TO court
~ injunction or restraining Orders 10
aaep stock speculative dealings In Ale
saahy county. by individuals or sssoeis-
ssohs not authorized by law. District
attorney Hail said today that the govern
seat n,lgai AXE = hand in the matter IL
Nasd. sev charge soald lie that Of using
sas nA1ls Zoe irAaduisnt purposes.
rae figat Tor the >erthsrn fasine.
suwAVKEE. oct - Col festif. eoun-
Tor byayton Ives, today informed
saees Jenkins ia. the peutsehe bank OF
esssia would take the sRtire saen.ps
.see Of Teceivsrs' certificates II the court
se9sa turn control OF the Whole matter
e'es t. tas AdaiSs reorganization eosal-
S.as~s. Attorneys Got shs receivers argued
ssMns' tue proposition. Judge jenkins
sslsssd - permit il. and ordered TIE re-
"'sess 10 dispose Of the certificates 81 the
sss Possib,s rates.
auosasys representing the Northern
A1he company sBd the receivers sad
sa1aoiders' committee appeared before
sSs Jenkins today 20 argue = demurrer
'ae receivers 70 petition 10 make the
s1aao1ferS' committee . party 10 TIE
"'sSsesare 81 the writ
eetaurrsg 10 amsad The I'LL in the