New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-14
THE BUCKET-SHOP WARFARE
EVIDENCE AGAINST A NUMBER OF con-
GERMS.
SOME HAVE STOPPED OPERATIONS AND OTHERS
ARE KEEPING on. IN HOPES THE STORM

soNr HAVE STOPPED OPERATIONS AND OTHERS
ARE KEEPING on IN HOPES THE STORM
WILL BLOW OVER.
-. pos,ofsce inspectors and the legal authorities
.rn renortod to have been supplied with evidence
ssains, some nty-hve discretionary order or
.hl;nd pool concerns in the Wall Street district
There is a probability that sooner or later ma
ior,ty of them AT least. will be closed up. Some OF
,hem have already suspended operations in hopes
the present trouble will blow over. Others are
irving 10 cheek il out and distributing circulars
and publishing advertisements on a greater scale
than ever No matter which course they pursue
,hey will be brought to book In due time
They guarantee profits of % to 500 per cent to in
vestors and ask only one-ffth Of these profits for
themselves II they can make much the question
crises why they should not devote all their time to
rolling up colossal fortunes for themselves. instead
of making others rich. Their unselshness Is not APP
rreciated by the people who send money to them
With no knowledge inquiry 10 their identity or
responsibility.
There is another cheap class of phlanthropsts who
Ge willing to devote themselves to making money
.or others for moderate remuneration They are
he fellows who advertise to furnish information or
In other words. tips points the stock mar
ket. They advertise these points infallibe. They
will furnish them right along week after week for
from s. 10 $40 week. Judging by what they say. a
person could roll up million in a brief period by
following the points Yet the men who furnish the
points do not appear 10 act on them and make
croesuses of themselves. The authorities are stated
10 be after these fellows. well the who
run the blind pools.
Colonel" Robert A. Ammon and Nathaniel w.
Miller, who compose the firm of Ammon, Miller &
Co. bankers and brokers' Nos. 45 and AZ New
st.. were yesterday before Justice Schuchman in
the City Court a charge of conversion preferred
by Albert Falk. who. Colonel Ammon said, was
a bucket-shop keeper No 3 In fact.
business. having been at it for thirty years. The
Colonel and partner Furnished bail in The sum of
case was an old one Falk had a wire running
from his place into the .Coloneis place At the
$50 and long of twenty shares with the colonel"
The short stock comprised the 'coalers which
s si, of The Colonel" The Colonel the next
morning gave $500 to Falk and closed his trades;
Falk maze a claim for more money, but he and
the. Colonel could not agree ana on March y
n t5e n Centre street Police Court The Justice dis
missed the case; saying according 10 the the colonel
The "Colonel's' Offices are finely fitted up. There
IS a big blackboard and plenty Of easy chairs are
big place for taking in and handling money. The
"Coionels partner up to about tWo nouns r ago
was Ammon Eakins IT was reported f,sd TO ha aye
been hS M MONEY WrSh he e w up
as saying That he was tired of the bucket-shop
.Soionei had done no business for two days pre-
sumably account of the warfare against the
bucket-SnOpS ana ulSClct.OHtiy -pi"cA NOiiNSi"9'
The Colonel" said this was notNtrue.
The Colonel" is a sefmade man. He began
as a brakeman on the Pittsburg, Fort Wayne and
Chicago Railroad. He was conspicuous in the 1871
after a while came to New-York and Joined the
Consolidated Stock and Petroleum Exchange.
Next he studied law and became a lawyer in part
nership with Friend & House. Wearying OF the
law he opened a bucket-shop Later he became
president of tho Mining Exchange which collapsed
a year ago after an existence OF sixty days. MI.
Miller, his present partner, recently came from
Springfield. Mass.
The open Board Of Brokers'" on which q raid
U.as made by the police on Saturday, continued
yesterday the liquidation Of its outstanding ac,
counts Its branch in Philadelphia was reported
10 he doing business as usual.