The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-03-31
CHAMBERLAIN ARRESTED.
Topeka Bucket Shop Keeper Arrested
at Instance of ]. B. Furry.

Topeka Bucket shop Keeper Arrested
at Instance of J. B. Furry.
w. L. Chamberlain was arrested Fri
day afternoon at o'clock by the mar
shall of the city court on the charge of
embezzlement.T The complaint was sworn
out by J. B. Furry.
Chamberlain runs a commission house
at 10 West Sixth. Furry claims to have
bought margins and that Chamberlain
Incorporated the money The broker
claims that the money was owed on
other deals. Mr.. Furry claims that he
thought that Chamberlain was doing
+ legitimate brokers' business and that he
discovered that he was running a
bucket shop after he had invested ST.
900 to margin Santa Fe stock. The
stock went up and Mr.. Furry claimed
his money but did not receive it.
Mr.. Furry made the following state
ment:
March 1 I placed an order with w.
L. Chamberlain to buy for me 200 shares
of Atchison preferred at a certain
price. Some time afterward, but on the
same day, he informed me that the or
der had been filed, that he had bought
the stock at the price and gave me
memorandum to that effect
This memorandum shows that the
stocks were bought for delivery in New
York, as is the custom in all such cases,
and he told me the Christie-Street Com
mission company required five points
margin on Atchison preferred. I there
fore paid him on that day $1,000, as the
memorandum shows. On March in
structed him to buy 200 shares more of
Atchison preferred. He informed me
that he made the purchase at &C, and
requested 500 more, for Which l gave
him a check.
Ion March 10 the stocks that I sup
hld hn4 I7f FOR
worth about $1,000 more than they were
when I ordered him to buy, and 1 call
ed on him and drew down $1,000.
ION March 20 instructed him to buy
100 shares more of Atchison preferred,
which order he told me was filed at
69A On that day I gave him a check
for $780,
Last Saturday I had profit in the
stock which I supposed he had pur-
chased for me, of between $500 and $500,
and called on him for $500. He said
that he couldn't give me q. check before
Monday, as he would have to draw
from his Kansas City correspondent,
but said that if I needed the money he
would go out and get the cash. The
banks were closed, and / told him
didn't care to carry that much money
over Sunday and that we would let the
matter go over until Monday.
Il had no reason to suspect, and did
not suspect that all was not right, or
should have taken the money.
"On Monday morning I instructed
him to buy 200 Atchison common at
271z. Shortly after he informed me that
he had made the purchase and gave me
the usual memorandum of the contract.
"On Monday evening heard that he
was in trouble and called on him, at
which time he Informed me that he
could not pay out. I asked him if he
had bought my stock as directed. He
had been bucket-Shopping all the or
ders / had given him. 1 asked him
what he did with the money I paid to
him and he said he had used it to meet
the calls that had been made on him.
He then explained when and why he
changed his method of doing business.
He said that about the LIST of January
he had from $50 600 to $35, eco of his own
money. He went to Kansas City and
closed out all the deals he had placed
for Topeka through the Christie Street
Commission company and attempted to
carry them himself.
Il made a d6mand for a statement,
which he refused to make unless direct
ed to do SO by his attorneys His at
torneys advised him to make a state
ment for me, and according to the state
ment which he furnished he is indebted
to me in the sum of SO, $685. AS he re-
fuses to pay and nisused the money, I
have had him arrested.
HE has said repeatedly that unless
we kept still and made no fuss he would
publish the names Of all the people do
ing business with him.
Mr.. Chamberlain denies that he is do
ing bucket shop business and claims
that he does not owe Mr.. Furry any
money.
CHAMBERLAIN'S TENDER.
W. L. Chamberlain claims that this
morning he rendered to J. B. Furry 700
shares of Santa Fe stock. Chamberlain
said: Il went to Furry's office and ten
dered him the 700 shares of Atchison he
had bought There was 200 at 65.5, 200
at sc, 100 at 69.25 and 200 common at
27.25, making a total of $38, 675. My COM
mission for buying is SITS and as he
paid $1,000 he owed me $37, $50 for the
stock He refused to take the stock
His margins were ali exhausted. He
claims that I am running a bucket shop
and am unable to deliver the stock. I
rendered him the stock to show that
am not running a bucket shop but have
the goods ready to deliver"
In speaking of the supposed tender of
the StocG Mr.. Furry said: Chamber
lain came into my office and pretended
to have some Santa Fee stock. He re-
fused to let me see what it was he had
| in his hand. I asked him to let Judge
| Clark examine it and he refused to do
| that. I don't know what he did have
or how much. He should have delivered
| the stock to me before he reported he
had sold it. If he has actually got the
| stock [ will take it off his hands"