The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-12-06
ARREST BROKERS
CHARGED WITH CONSPIRACY
AND GRAND LARCENY.
w. of New York, and
Michael Hart, BOokkeeper, Taken
Into Custody.

NEW YORK, Dec. 5.-As the result of
Investigations made by Assistant District
Attorney Byrne, C. w. Morgan. trading as
C. ". Morgan & Co., stock brokers, and
Morgan's bookeeper, Michael Hart. were
to-day arrested on the charge of conspiracy
and grand larceny. The men were locked
up in police headquarters. The detectives
confiscated all the books and papers in the
office of Morgan. and in the offices of l. Z.
Van Ripper and John B. Mckenzie. discre-
tionary brokers. Van Ripper and Mckenzie
had left their offices. 1t was found that
the written matter in the books of Van
Ripper and Mckenzie had been torn out.
leading the police to suppose that they had
been informed of their coming.
The attention of Assistant District At
torney Byrne was directed TO the matter
through his work in the Shera case, the
defendant having been arrested for, ii is
said, securing a sum of money from Gen.
Daniel T.. Sickles three weeks ago, which
was TO be invested in stocks. Shera's book
keeper, it is alleged, intimated that such
methods were in vogue with other brokers
I'm Wall street. a thorough Investigation
was made, and ii was found that Mckenzie
and Van Ripper did an extensive business
throughout the United States and n
They sent out as many as 1OO. 600 letters Il
week, some of which told how easily money
was made in Wall street. and others ex-
planning certain deals, the money to be
sent TO Morgan & Co., or c. B. Lawrence,
jr.
Van Ripper and Mckenzie. it is alleged.
advised each other Of their success with
the prospective customer, and they in turn
advised Morgan If "a man sent money to
Morgan he would advise the brokers. Nor
gan had an office at Thirty-third stree.
and Broadway, and the police say he had
various offices throughout the country.
The complainant against the prisoners is
William S. Bailey. a mill owner, of Mattea-
wan, n. j. The police say they have thirty
others who will testify against the men,
and one of the thirty admits having lost
$780, 900.
When the police entered Morgan's Office
to arrest him they found "A man whose
name Captain McCluskey refuses to divulge
at this time. inquiring as to what had
become of his money. The man went with
the detectives to police headquarters,
where he said he had placed $500 with the
had left the $500 with the brokers to be
traded with, and on Tuesday afternoon was
told that il had been used to buy sugar at
1Sf. which was the highest figure. When
he inquired as to the profits the man
claims he was informed that sugar went
down and his money was wiped out.
Assistant District Attorney Byrne says
the strongest point against the brokers is
the fact that in their advices sent out TO
men who sent money to Morgan some were
tcld conditions were favorable and that
others were told the same days that condi-
lions were unfavorabie on the same stock.
Mr.. Byrne says that while Morgan, who
was a membe of the Consolidated Ex-
change, undoubtedly made some transact
tions which are in the records, he made
other transactions which counterbalanced
the ones he made for the benefit of his Gus
TONER'S.