New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-20


day is ended the grand totals received and paid
out the balances are telephoned to headduar,
the bank roll man, who has been spoken or sits
about exactly IKE r, any customer Sstnn 81 making
wagers. but. should "A heavy losing be recorded on
any race which would use up the mqnsy I'm M Sif
which he carries in his inside vest pocket When
the business OF the day is suspended, he ap,
proaches the cashier OF the room and hears ths
the room show profit the money is HANDED, 10
him and he carries II to Mahoney: but snou h IL
roll and have the seme repenished when he re-
ports 20 the boss.
MAHONEYS METHOD PECULIAR
''Mahoney's method OF doing business is perhaps
UNIQUE His Arrangement is that all expenses OF
running the poolroom must be borne by MS part
ners. He agrees to furnish the Information about
the races and the bank-roll man. but further than
that he will not go. Rent light printing help'
protection, provided there Is any anu IN Ia,
everything must be borne by the man who opens
the room II the room loses money. Mah0neg w..
pay the losses. II a profit IS shown; ManonSk,
takes that until II amounts TO SLOW wh.n ne
permit the man who manages the room 70 ~ ~
sent IN the bank roll That Is. after slOpO mas
the room man VIII have the same amount. ne
money must still remain IN the hands OF the BANK
roll man but Mahoney will then assume certain
percentage or the expenses OF running II, i,.
Just long the room shows profit. Mahohey
soon as the ~ 900 bank roll is reduced by losses;
Mahoney's interest In the room ceases and he WI
room-keeper Will have 70 put up the expenses.
Percentage plays a strong part in the Mahoneg
position TO know. that on every race he SO hgures
his bets that he holds = pc cent book, Mnnt
tbs money! Which Is waeered wv With him no matter
which horse wins. How IS that? Al decline 70
state anything about that.
TOOK YEARS TO PERFECT IT
Q-"To do this his employees have to keep
watchful eye on the betting in all the rooms. not
ing the strong play against certain horses and IN
certain rooms and lowering the odds accordingly
lengthening the price against others, so hat the
players may be tempted 10 play by the long price
against some horse II has taken Mahoney years
10 perfect his system. and many thousands OF dol
lars were taken from him by interruptions men IN
whom he trusted before he had worked the proo-
lem into its present perfect shape Now IL Is I'M
possible to bet. matter how the room persons
might try, before the winner Of race Is mace
known all bets taken against every horse IN the
race are matter Of record and no bets no so 80
field National Bank? Al decline 70 state where
I bank. -, o~aatl
National Bank? Al will neither deny nor al
nit IT, ,,..-. l. o.
alone In managing the vast pooroom business
which ne controls. 1t has been frequently said
the business with him. and when the Lexow Com
mittee was investigating the police force an at.
Mahoneys business The attempt was ia rauII,
however. as nobody could be found VINO no re4 any
he was recognized as being at the head OF the
pooroom business Vast money Is invested IN the
business Mahouey being rated as man VINO IS
worth between $50 900 and $500 600 and this en-
tire fortune is practically invested. as should he
get hit hard I'm all OF his rooms by the talent on
any one dav his bank-roll men would have TO
make good all losses" There Is more OF this artl-
Gle but | will not now read H. understand That
YOU neither affirm nor deny any statement con-
tanned in that article have never called Inc
HERALD In question for any statement In II, have
never sued Il for libel and DO not intend TO; am
right? A-That is right. 49,,
Mr.. Moss ask the committee 10 CONSIDER TINS
article not only with reference 10 Mr.; Mahoney
but with reference 10 the publicity. public kno"
edge OF this immense gambling interest which Is
apparently much larger than the business ordlha-
riy done in the gambling palaces. That Is al.
The Witness-Thank you
Mr.. Moss-Mr. Lynn. VIII Mr.. Steckel come tor-
ward? And there Is a gentleman With you. 3ring
him right along with you. (Mr. Steckel and his
companion went inside the rail and had con-
versation with Mr.. Moss.