Sunday morning globe., 1901-10-27

with the name Of the accused person
eliminated and with the following preface
or explanation for the benefit of our readers
The complainant, or author Of the letter
who shall also be nameless, is a government
employe who plays bucket shop" In
other words he CANDLES on margins. The
particular, bucket shop, or rather owner
/ thereof, whom he is eudeavorng to get
/ even with, laid down on him" as the sport.
ing expression has it. That is to say the
bucket shop owed him money he had won
in the gamble on margins, and then by a
trick beat him out Of it.
The trick was explained some time ago in
the GLOBE, and consisted in selling out to
a dummy" aud when a sufficient sized
wad of suckers money was in the safe of
the bucket shop the dummy" skipped the
town and left the suckers TO hold the bag
The bucket shop owner refused to make
good the money won Off his dummy under
the plea that he had sold out TO the afore.
said convenient individual and was there.
fore not responsible. He has offered. how
ever, to pay small per cent on the dollar
more 100 the nature Of a donation than an
Itnow appears that the writer of the fol.
lowing letter is aware that this defaulung
bucket shop manipulator is in with or
backing new concern of the kind recently
opened, hence he sees chance to get even.
free Of cost. through the GLOBE under the
pretense, of course, of the very worthy
motives he Huctiously alleges in his letter.
The GLOBE being In the business Of expos.
ing official rascality and malfeasance this
worthy citizen who wants to even up with
the bucket shop man thus sugar coats the
pill he offers us for private consumption.
Here is his letter; note IL.
WAsHINGroN, d. c.. October, I00L
EDITOR GLOBE / have been a reader Of
the GLOBE since its second number. and
have heartily welcomed the advent of a
newspaper which has the courage TO tell the
truth, and lash rascality in high places, as
others lash II in low places-to expose ras-
Gals wherever you find them
As you cannot uuaided unearth all the
rascals, and as have knowledge Of one. let
me tell his story Some years ago there
came to this city a man who called himself
-- -. He is a specious fellow, deceutly
dressed, and Of fair appearance If you do not
examine his face too closely.
In 1894 he had an Office at gI5 L street. n.
W., as -- - & Co.. and advertised ia the
city papers "A co operative stock and grain
syndicate 100 to 500 per cent per annum
easily made and without risk, 25 per cent
paid to subscribers as the result Of opera.
tions for the month ending June I5 IS9t'-
a regular green goods notice.
Fora while he made reports of successful
operations and paid dividends, but just as
soon as he got in a snug little sum Of money
there was a report of a big loss, and his
patrons aeeced. of course, except one party
who plainly told him If his money was not
returned he would muulate him-of course
he got his money. In 1898 he opened a
brokers' office bucket shop at 63I street,
%. w., on the ground floor The place was
well chosen being within two blocks of
about five thousand government employees.
number of whom are spectators in stock
IN a small way. Here he did a fair business
which gradually increased until suddenly.
on the Ist day of last April he announced
that he had sold out his business to one ---
whom he Imperfect and ffilp iudorsed and
whose trades he gave notice he would cash
on May Gst this man ran away consider
ably in debt 20 "a number of his customers,
and while --- took up the business again
and went right on with it under the same
license he refused TO settle as he had
promised TO do The debts made by his
dummy, although he collected money due
him .the dummy, A day OF two after The
hasty departure of the dummy - was
arrested by the authorities of the District
and placed under bond to await the action
of the grand jury and just here / would
like TO inquire why no action has been
taken, The object Of this is to warn the
public against placing their money with the
brokerage firm Of --, recently opened at
6o7 9TH street. u. W.. as il is well known
that this same - Is the real owner of
that business as he is there at all times at.
tending TO H.
1t is not the lack of funds which keeps
- from paying his creditors, for the
records of our courts show that not long ago
he -- Maryland farmer out of his farm
for which he -- realized 81 500 and the
farmer has a Judgment against him for a
like amount, and besides 1 learn he has
offered to compromise with his dummys
victims for a small per cent No one here
knows this man past history, but enough
is known to show that he cannot 90 to
either Louisville, Ky, or Chicago, Ill.
What shady transactions drove him away
from each Of these cities are as yet un-
known but are being looked up by some of
his victims here, and later, with the help Of
the GLOBE, do the good work Of fully ex-
posing and driving this - from WASH
iug.on.
A CITIZEN.
The good work" is not exactly in our
line. especially in the matter Of bucket
shops. for the all-sumcient reason that the
men who play the game are precisely Of the
same moral fibre as the men who run the
gambling scheme. Squealers or players
who get the worst Of the game cannot use
the GLOBE 10 ge. even, and we only publish
the present article to admonish an such that
we are too old and experienced in our line
of business TO be used even on the theory
of where rogues or gamblers fall out hon
est people come by their own" As "our
own Is TO purify the moral atmosphere and
expose wrong. doing, we are unable TO per-
ccivc wherein Que or the other is accom-
plished by airing the grievances Of gamblers
beaten at their own game by one more or