The times. [volume] (Richmond, Va.) 1890-1903, 1894-10-23
IHk "DIACRkrfoNART Po0Is.u
Tho Chamber of tomue-es Takes Action
ArAtnrt Tim Tnncnrn.


PfTTSBURG. PA, Oct. 22-The Cham
Der OF Commerce met I'm spec al sess on
this afternoon for the purpose of taking
action on the syndicate" disc elton
ary pools and other unsafe metaods
OF speculation which were now helng eN-
posed by all the newspapers of ibis city.
President Kelley SAID the Chamber OF
Commerce was always ready and will
ing to assist the civil authorities In ex-
posing frauds OF any kind. He said he
had received a letter from toe police
department some days ago m relation
10 the pools" This letter was pub lsh-
ed in all the papers for the purpose Of
warning people 10 keep away from sucn
places Superintendent of Police % Ma a,
who attended the meeting, said ne had
consulted several attorneys bvl all had
told him that as long as the pools
paid their dividends aud no complaints
were made the police officials under the
present laws were unable T. d. any
tn ng. lie said the first complaint mad
against any of the pools was on Sal-
urday and az soon as the war; ants were
sworn out the place was raiued aud
the manager ana an his assistants We're
arrested. The sGpeFintfndC ne said aF
soon as complaint was iodget aga hSt
any OF the others he would serve tae u
I'm like manner. The united action or
the newspapers tH exposing the 'synd.-
Gates and other "poels, he thought,
would have a good effect toward ciosing
up all such places,
\ resolution was offered ard adopted
declaring that these institutions, known
as "syndlCates," discretionary, ana
other pools" were impudent frauds, ana
that the chamber denounced them anu
would offer ali assistance IN its power
10 the civil authorities TO rid them out
Of the city. The resolution authorized the
chamber 90 employ counsel 60 80 before
the courts and see II a restraining lnluhc-
ton could not be Issued, whereby none
but legitimate brokers could carry on
brokerage business I'm Allegheny county.
IL the pools" cannot be reached IN
this way, then the Chamber OF COM
merce Will lend it's assistance In having
laws passed at the next session OF the
Legislature that viii cover this species
OF speculation.
The chamber also discussed the advlsa-
bility Of having the state banking laws
50 amended that institutions OF those
kind come under the banking laws 80
that the bank examiner could show them
up In their true DSnt
The members Of the public grain and
stock exchange who were arrested on sat
urday last charged with conspiracy 70
defraud, had a hearing at The Central
police-statloL this evening. ". r.. De-
iauey, the principal defendant, was abb
sent. Attorney Burke, for the Defend
ants. said that Mrs Kalb had received
her money dividends and that she de-
sired 10 Withdraw her infOrnalon, ana
M
be discharged. Judge fett' rman, conn
sci for the city, said he was informed
that this w)man's money was paid in
the pollce-station within hfteen minutes
before the case was called, Ia gross con-
tempt of the court. lie SAID the SUIT
could not be withdrawn, and besides that
there were other warrants 70 DE served
ON defendants. The magistrate decided
that the case proceed.
Mrs Kalb was placed on the stand and
told her story. She refused 10 ray any
thins about how she decided 50 withdraw
The suit. The magistrate held ", De-
laney, his two brothers, and William
strong for court, The other employees
were released. william Delaney was re-
leased on $500 bail Saturday TO appear
az to-day's hearing, but he failed 20 show
up. and IL is thought he has jumped his
bail. The police, however, expect TO ar
rest him before morning. Experts VINO
examined Delaney's conflscated books say
ne had $4,000 on deposit when the raid
was made Saturday The public grain
and stock exchange closed rs doors to-
night. and the Delaneys will eyidenty
not open up again,