Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-04-12

ley Chaplin d. Co. and the Dean Company
advertised in the same papers in the
green goods districts.
Lester Lath-op and Reynolds MacAl-
pine. who have been ostensiby conduct
ing Il brokerage business i'm the Hotel I'M
p5riai under the firm name of Lathrop q
N3cAlpice. for several months. were ar
rested yesterday afternoon and arraigned
I'm the Jefferson Marke- Police Court for
Keeping gambling house. They save
S-.0 bail for examination to-day. They
would not say anything TO the reporters.
Sergeant Wade and Roundsman Hebron
got the warrant for the arrest Of Mac
Alpine and Lathrop on the atidavitS Of
II. "a. Poty telegraph operator formerly
employed in-tne office. and William J.
smith. young man employed about the
place as clerk and assistant boOkkeeper.
Pctt s1iJ yesterday that he knew the firm
did bucket-snop business as he was
familiar with every transaction made since
the day Tho business was opened, in De-
cembCr 1896. until me left their employ on
February l3. They advertised. he said. TO
do % general brokerage business on one
sixteenth Of one per cent. one-haf of the
regular commission and also pretended
90 have correspondents on all the eX-
changes I'M this city and Chicago. As q
matter of fact. Mr. Pott said they did not
have such correspondents and "bucketed'
an orders. The assertion was also made
iu their advertisement that the firm had
direct wires TO Chicago and the local eX
changes. Pott says their only real wire
ran 20 the office Of Louis Tewksbury, at
40 500 broadway. Co whom the firm sent
such orders as could not be bucketed.
There was also another wire running
from the desk of Mr.. Lathrop. who was
himself am operator under the floor TO
the desk of ar. Pott I'm a back room.
Whenever 81 customer gave on order Mr..
Lathrop would cau up Mr.. Pott and give
it 90 him in a lusiuess-I5e manner. a
few moments later Pott would come out of
the rear room with what purported TO be
am answer from their broker, telling the
number of shares purchased and the price
paid
The affidavit concludes with the names
of some Of the firms largest customers.
whose orders. amounting to many thoUs-
anGs of shares. Mt Pott declares We're
"hucketed The names mentioned were
those Of j. A. Meek. Al" smith, E +.
Nuho'aud. and W. W. CUduau. Smith.
the clerk. makes an affidavit corroborat-
ing Potts statement as to the firms meth
ols and the dummy wire. The detectives
seized the books of the concern.
There was q further run yesterday on
concerns whose names have been linked
with the =. s. Dean Company. At j. 3.
kellogg d COS. No. Sc Broadway. Mr..
EtGogg. who was once manager of Z. S.
Dean d Co.. stated that abou, $4,000 had
been paid out i'm small amounts. but that
the "ha7vy customers were not drawing
ont anything. At the Office of Sam Keller
Dc Co.. No. 4o Exchange Place. it was said
that AIR. Keller. who was the maTager Of
the Dean Company when IT collapsed, was
stiU absent
The T.. :. Dean Company was accustom-
cd TO refer iuquiring country correspond
eCts 20 the Bankers and MeUchants'
Credit Interchange az No. - Broadway
This concern has pretenuous offices. The
president j. II. Evans. is a fat-faced
ba,d-headed man. who was found yestcr-
day with sharper-featured man. who
De said. was MIR. Knox. our lawyer"
Mr. Evans acknowledged having recon-
mcnded the Dean concern 10 correspond
Curs hut he said the Interchange had
given no guarantee against losses I'm spec
uado0. He also gave the information
that the Interchange was collecting claims
against the Dean company
Chancellor McGiH of New Jersey, has
sr-'ciuteJ George Norris, lawyer who
lives no No. l1o Pacific avenue. jersey C:ty.
T.r .,rr
for the Z. $. Dean company. The aplic1-
ton was made by lawyers NcBurney Il
NIcBurrey. of No. 291 Broadway this city
ana ,t is understood thar they represent
1Iyron L. Bernard president of the col
arsed company. The chancellor is not
acquainted with the merits of the case.
He made the appointment on an eX-parte
examination