New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-26
HALLIG4N WILL SUE THE CITY,
THE RAID on HIS STOCK-BROKING OFFICE
CONDEMNED BY MAGISTRATE CORNELL.

THE RAID on HIS STOCK BROKING OFFICE
CONDEMNED BY MAGISTRATE CORNELL.
The Police Department. as a result OF the arrest
OF Nathaniel Haliisan. a stock broker at No. 81
Broadway on Thursday. will be called on In the
immediate future 10 defend a suit for heavy dam
ages on the ground OF Illegal arrest HaIlgah ana
seven OF his employees We're arrested on the COM
plaint OF Detective Malon. OF Chief McCuHaghs
s,an late on Thursday afternoon. Mnlion charging
them with conducting a bucket shop Yesterday
afternoon after proiracei examination, Magistrate
Cornell discharged Mr. Hailigan, taking pains TO re-
mark as he dill so that there not scintilia OF
evidence against him and that be was honorabIy
discharged
"As said previously" remarked Magistrate Cor
nell, there is a right and a wrong way 10 make
these arrests. do not approve OF raids unless a
proper warrant has FIRST been secured Hurried
complaints are frequently defective, and In the
major portion Of Instances the police fall TO get
the evidence needed to secure the conyctt !. From
the testimony adduced In this find that Mr.
Hall.gan conducts his business not unlike very
prominent Wall Street institution with which am
acquainted. l find nothing to show he is not con-
Quoting proper and legitimate business"
Maon testified that ne purchased ten shares OF
American Tobacco stock at Haigan's place put
ting up margin $50. He said he had not received
the stock certificates but under cross. examination
by Mr. Halligan's counsel Edmund r. Price he adj
mitted that he had made TO demand for them Mr..
Halligan showed that ne had purchased the exact
number Of shares required by Mtllon and stood
ready deliver the stock whenever MaOn called
and put up the remainder OF his money.
AT the time OF the raid the police carried of all
the defendants books including his check books
and private memoranda. This arrest has cost me
$1,000" said Mr.. Hanigan yesterday. Those whom
tho market had gone against have refused TO pay
me while those who have been more fortunate in
their judgment have only demanded, but forced
immediate settlement. Fourteen different bank ac-
counts deposited in my name In New-fork and It's
vicinity have been attached by men who wanted TO
secure themselves The office being closed. they
could find with whom to settle. and resorted
TO the law
This. Of course was all due TO the police Even
II ] had opened my Office, with the detectives IN
possession OF every one OF my books. | could do
nothing ! will. upon the advice OF my counsel.
see II cannot force the city TO rcmunerate me for
the actual loss have sustained. ! can easily prove
a loss OF 10000 What my contingent loss VIII
amount to- OF course, no one can say. have al
ways conducted n legitimate and proper business.
and have never buckle an order consider my
arres, nothing more than an outrage
Mr.. Halligan and all Ol his clerks were discharged,
but Frank W. Hatch. whose establishment at
No 1872 Plrk-ave. a rad was made at the same
time was not fortunate. The Court. after hear
ing a part Of the testimony for tho defence, ad-
journed the case until Monday