The sun., 1894-05-02
GETTING BROKERS ARRESTED
-,v,np Ia MoSTAoNE. JR., rs FLOR
<ScE DATID's FIRST.

ru... n. Fuitor, n i.hs NJ. Jr, wallace
n. Saith, SD Herman Clarke Are the
o,,,r BROKERS' ne Is suinr, sna ss,e OF
r,,m Also Expect Cri~i-si Proesss,sas-
n.,,s Lost s7S 600 Margins On wheat
ma, Through La Montague, Clarke -
e. ard wants the Broker. 60 Fay II.
r,o,.pce b. David. young spsculator from
wo,treal who was wiped out In the street last
Inlv by the slump In the wheat. has been
.hr..,cning iof some months to prosecute
.rImInaIly the mem bars OF the brokerage nrm
o,Ia Montagne Clarke 4 Co. (which placed his
a,dsrs. He began TO put his threat into exe-
,u,ion yesterday by the arrest OF Edward La
Mon,asue Jr.. the senior member OF tho flrm.
an a warrant issued hy Police Justice Talntor.
In his com plaInt David accuses La Montague
AZ the larceny Of si5.OU0. the amount which
David says he had put up for margins up to
the time the firm closed him out In July
The nrm OF La MontaGnc. Clarke Il Co. was
dI,solyel In October last. At that time 1t was
composed Of Edward La MontaGne. Jr.. the
Exchange member. Herman Clarke twho has
aimee caused the suspension OF the firm OF
Hunter Clarke & Jacob. and 10 being prose-
euted BY his partners In that nrml. Wallace b.
Smith and =. NJ. Fulton. Jr.. as general part
ners and E. NJ. Fulton. Sr. as special partner.
for $500 900. 1t could not he learned last
night II any OF the other partners had been ar
rested. although II was expected that all would
b. In anticipation Of tho arrest OF the Fultons
father and son, their counsel. Elliot Norton.
had arranged for notification. and as he had
received no notice OF their arrest at q late
hour. he said they had probably not been
taken into custody. At the Fulton residence.
III East Twenty-drst street. the servnnt
stated that both gentlemen were out. and
would have nothing to say u they were In"
Wallace B Smith IL out of the city and Her
pan Clarke is out on bail and may be where
MI. La Montague, was arrested at tho Stock
lie was called from the floor to the Governors
room where he was intormsd ta that ! he was was
served justice Taintor warrant on him to the
Tombs Polies Court. He was ,srraiIged be:
fixed at s1oOOO for examination tomorrow
morning
notice was sent to Charles Rowland Russell OF
15 Broad street OF Mr.. La MoutaEne's arrest.
md to pr Robert Fulton Weir q 81 Wet S.
Ia Montague. with whom he resides Lawyer
fasse thinking 4 an arrest in, n h civil acton aI5
and was accepted as surety for his son,in-law.
who was released.
save By members OF his family. He denied
himself to all callers last evening. and did not
TSss fs (. g.Sn IL sa seSe or ni s Is
e. Tsir and tsSSsr Husssil to oO talk W for him. him.
This is nothing but the work o, q dl.apgont;
cd speculator 70 bully and coerce an alleged
70 criminal process. This man Deyid began a
civil action for damages against Mr.. La Mon
m the ams "a A. %hR Se
sayss ssays was was Tronginl.y taken from him In the
halan0A duA him Altar eaFtaiu transactions of
$4,000 or thereabouta. Men who have very lit
s e. q the ss
ina1 charge asalnst ME Ia Montagns ls con-
sernsd y is ridkIcoiogs k Hs tells me that that b:
s mtS p tne ann other
His capital in the firm was HIS seat In the stock
Der Of the nrp. and bo wa. on, tho door all the
time the Exchange was openin
asked il any other msmber Of the old firm had
been arrested.
s.2: g.yd S h: s ss rs ss %
!Ss @ MarfsS h since Snfi5 9S sSs
mt Iiliq. Norton Of taS lexington ave: .:
and the Fultons in the defence OF the case,
however. was found. and told OF the nature OF
Dayds claim from the point Of view OF the de-
David was In Europe last summer and re.
turned In September to Ind that his wheat
and no threatened then TO have the members
OF the firm, arrested for appropr!atlng his
money tie had speculative account OF half
a million bushels OF wheat In 1898. and 1t was
carried along for him until the money he had
put up for margins WAS wiped out. He brought
suit in the Superior Court, and claim ed as da N
hg.s nll the money he had put up for margins,
little moro than s75,O0O. on the ground that
The msmt crs OF the firm answered the COM
plnint sspasately. The last answers we're
served ahont twenty days aga The defence
etup Is general denial OF damage and that
a the time he was closed out he Il not enti-
tied to collect, rs his margins would have dis
appeared many times over through the steady
decline Of wheat since that time.
He Is lucky that he didn't have more me- oney
Mr. Norton said that the frequent threats OF
Arrest made by David had not frightened the
aeiendants. hut that they consulted able GRIM
lna lawyers and were satisfied that no crimi-
The iS% fI Of La a Montaans. IA me Cissko h Co. 10
one that got mixed Mp In the eordage case last
IsaI through an action brought by It against l..
waterbury Co for SoS,.i3J Oh note. IL was
asserted by the defence that the frm was not
hated.
Z NJ Fulton. the special partner Of the nrm,
toThom the note was made. explained that
pSts to naSs tRs ersdis % Of James ssM Mstsr s
oofy; that he had not done this and that Il
vas simply dspositsd for discount with his
bank. the Bank OF the Manhattan Com pany.
hTn. who had a perfect right to sue on It.
was Just about this time that the Arm dis
ssoSsd because OF the desire. 1t Is said, OF the
isther 81 the senior member To have his son
S.sE his business relations with Herman
boAne4s for himsAlf At 70 BroRdWAy