New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-02
BUY OF THE MAX Ter
WALL STREET AND EXCHANGES

On September 10 last the bucket-shop firm or j.
r. willard & Co made assignment to James H.
Starbuck who was a junior clerk In their once at
that time The offices or the firm were at NO %
broadway X may be remembered that the urn
had branch Offices throughout the State ana III
some parts of Ontario and Quebec. IN Cahaud'
Among the Offices which they had In Northern Ne"
York were one Malone, in Franklin county. anu
others at Potslam and Oedensburg in II. Law
renee County A; the city OF Ogdensburg the firm
did a large business and among its principal
customers were Captain David II. Lyon and Henry
Rodee. Captain Lyon and Mr.. Rodee were hedNy
losers by the failure + Willard ~ 60. "4ih.h
few da,s after the failure OF the firm the st.
Lawrence County Grand Jury met at Canton. and
an attempt was then made TO produce evidence be-
fore the Grand Jury on which 70 procure an IN
dictment of grand larceny against the members OF
the firm of Willard & CO. This attempt failed
however, owing to the contempt OF court on the
part OF Mr.. Starbuck. the assignee. who failed TO
produce the books Of the firm In response TO NE
subpoena which served upon MIN The deIln,
quency was excused by Justice Leslie w Kusseii
at that time on the un4ers dndlhS thdt ne "oulu
produce the books before the next Grand jury.
which sat at Canton on January 10. AT nat tlme
Mr. StarbuCk appeared with the BOOKS OF me urn.
Other witnesses were Henry 7 boody OF b0TToy,
q 3,rk. nr'" o" the '0So'''''' rA''a''S'
that they had acted as brokers for :he hrm OF j. r.
Willard & Co on the floor OF the Stock Exchange.
fd sn@ and q" Captin IS2 had ordcrei certain
Transactions in Sugar to be made. that Willard &
shown by the books Of he Consolidated Exchange
that no such transaction was made. The evidence
orders were gwen. and thar the money was paid
to the broker Of J. r. Willard & Co. Charles
the firm Of willard & GO rere indicted by me St.
Understood that Mr. Willard IS now in his country,
and It IL said that the others members OF the hrm.
nj n %
,hs Arm bur as soon as the actual Whereabouts OF
the members OF the firm can be ascertained they
VIII be arrested and brought 10 trlal in -. Law
renee County on the charge OF grand larceny.
Tho forthcoming report OF the Peoples Gas Com
pany of Chicago Is expected to be striking dem
onstration profitable nature Of the gas bust
ness generaN One reason for the rise in Peo-
Pies Gas is the fact that there is loss Of the stock
floating in Wall Street than any time in the his
tory Of the property of its predecessors because
the people who bought into 1t in the COS were
experienced gas men, and decided TO put me SOCK
away for investment as soon as they had satisfied
themselves Of its earning capacity In the year
1897 something more than per cent was earned oil.
the stock The bills to tax h . Sro5 n f tSG 1o G
Legislature. and the property Is beyond the reach
OF the Chicago Aldermen in any way because or
scoIsition "f the Mutual Fuel and Universal Gas
companies by the Peoples company mas exceeded
expectations both properties are earning con-
siderably in of interest on the sums required
to acquire them
David Anderson. Of Hackensack. y. j., who has
been with the National Bank of the Republic, Of
| New-York and is the oldest bank runner in New
York. has suddenly developed reputation as a
money finder on Thursday OF last week he found
in the office Of the Metropolitan Trust Company so
| in bills which had been lost by a wealthy customer
of the company He received reward Of 50 for re-
turning thu money. esieriay IN the office Of the
Bank Of New-York he found so which had been lost
by an office boy. by returning the money he saved
| the office boys place.
J. Condit Agens. expert money-coun in the
| Sub-Treasury yesterday detected another Of the
count erfet $40 silver certificates in lot OF money
| received from the Garfield National Bank This
counterfeit differed from those previously detected
| at tho Sub-Treasury. The former ones had for
This one had for its initial number S23 The Govern
| rnent recently sent out a warning against bills
| counterfeiters. apparently selected new number.
Believers In the law Of averages in the stock
ket point TO the fact that twenty active stocks at
| the high point last September averaged 67.23. At
| the close of business yesterday the same twenty
| stocks averaged Gl7. In great bull or bear mar
| kets after decided reaction from the high low
point. the average usually goes on the next move
| considerably higher over. the may be.
| from the preceding high or low point. II is as
sumed that the Ions bull cycle was entered upon I'm
| last September The natural suTpOsitOn is that
the third high point in the advance will be touched
| some time this month or next
The annual meeting OF he Maryland Coal Com
| pany was held yesterday al No. / Broadway
| Henry T. James was elected n director I'm place OF
| John c. Havemeyer. The annual report OF the
! company shows that the s27c0 in bonds has been
| paid Of and cancelled, that AL common stock ex-
cept eleven shares has been taken up. and that all
| the Outstanding stock except eleven shares is now
| OF the preferrel class. dividend OF per cent on
| the preferred stock was declared