The Wilmington daily Republican., 1900-03-02
BUCKET SHOP BROKERS.
Prominent Chioagoans Charged
With Using Mails to Dafraud.
FIVE MEN ARE UNDER ARREST.

Three of These Are Well KNOWN
Members of the Board of Trade.
Alleged False Reports Of Sales
Sent Out.
Chicago. March 2.-Three promi-
nent members of the Chicago board of
trade were yesterday afternoon ar
rested by the federal authorities on the
charge of bucket shopping" The
men taken into custody are James
Eieol first vice president Of the board
of trade; Henry 0. Parker. who was
first vice president of the board i'm
mediately preceding Nicol. and Calvin
A.. Whyland, president Of the firm Of
G. A. Whyland & Co. All of them are
charged with using the mails to de-
fraud, in connection with the firm Of
McLain Brothers.
Charles R. and Albert O. McLain.
members OF the beard OF trade. but
who announced their retirement from
business several months ago, were in
dicted by the federal grand Jury yes
terday charged witfuf audulent use Of
the mails, with carrying on business
al lhC HAUL z VI Uu1AOt olOPPAA6 oha
defrauding correspondents in several
states. Their case will be called in
the United States district court March
TO-
The brokers on the board Of trade
had hardly learned the news of the III
dictment Of the McLain brothers when
three deputy marshals walked in and
placed the three other members under
arrest. The prisoners were taken be-
fore Judge Kohlsaat, in the United
States district court, and gave bonds
in the sum of $1,000 each. They were
then released to appear in court on or
before March 10 to plead to the charges
preferred against them. The three men
were indicted for alleged collusion with
the McLain brothers in swindling
scheme.
All three defendants are well known
on the board, and their business meth
DDS have heretofore been unquestioned.
They have all been in the commission
business for years, and have establish
ed large country trade. Calvin A.
Whyland is president of the firm of c.
A. Whyland & Co. Henry o. Parker is
of the firm of H. O. Parker & Co. The
charges against Messrs. Whyland, Nj
col and Parker are somewhat second
ary to those against the McLains, and
1t Is said failure to convict the latter
will result in the release of the others.
1t Is claimed by the postal authorities
that while the McLains carried on the
active correspondence, which Is said
to have been in the nature Of bucket
shopping, the other brokers permitted
their names to be used and made the
frauds possible. All five men were in
dicted jointly though only three counts
were returned against Parker, Why
land and Nicol, while six counts were
returned against the others.
The "true bill' charges, In substance,
that the five men devised a scheme to
induce correspondents in several states
to send their money for dealing in fr-
ture delivery in grains and provisions;
that they converted this money to
their own use without purchasing or
selling ON the board, as they had
agreed, and that they sent correspond
ents false written reports of purchases
and sales, purporting to show the
prices at which and the persons to
whom the sales were made.
Nicol and Parker have both been re-
garded as pronounced antagonists of
the bucket shop. Nicol is member
of the room committee, and while
neither Is connected with the commit
tee which has the bucket shop matter
in hand, both have been looked upon
as leaders in the movement to suppress
this irregular form of trading,