Arizona republican., 1901-10-28
NEW YORK BIG NAMES
Being Made to Cover Some
 Very Small Games
Men With Names Like Gould, Rocke- feller and Belmont Offered In ducements for Their Use in Buck ct Shops.

I be an epidemic in the financial district for using the names of prominent fi- nanciers by concerns of doubtful char acter. The Wall street contingent has become accustomed to differentiating between Nermilye & Co. and w. R. Nermilye & Co, but now they are called upon to take notice of the fact that the names of Gould and Rocke- feller are being used under circum- stances which are apt to deceive the public, whether that be the intention or not.
 The Cooperative Stock Brokerage company, which opened offices in low CT Broadway yesterday. is using the name of Edwin Gould as president Up to yesterday there has been only one Edwin Gould known to financiers, but 1t now appears that there is another man of the same name. and it is the latter who is president of the com pany- The other man is a young clerk.
 Naturally Edwin Gould. head and di- rector of many large corporations. is annoyed to find his name used as the head of a cooperative brokerage con- cern, and his attorney. David H. Tay- Tor, said that he would resort to legal means to stop the use of MT. GouId's name. although he was not prepared
 
 The clerk. Edwin Gould, in explain ing his connection with the new brok- craze concern, said:
 1 was approached several months ago by the incorporators of the Co., operative Stock Brokerage company, and asked that they be given author ity to use my name as president of the concern.
 At first l consented, but afterward changed my mind and prohibited the use of my name under any conditions The so-called agreement is not worth the paper that it is written on and l shall institute legal proceedings if the use of my name is continued. I know nothing of the brokerage business and am now employed as assistant cashier Of the American WooIen company at No. 66 Leonard street. It is said the young man was given 5000 in stock for the use of his name.
 At the offices of the Cooperative Brokerage company the members of the firm made the following statement:
 'Orr company was duly incorporated under the laws Of New Jersey. and the officers, in addition to MT. Gould. are C. H. Karn, vice president; Oscar conckiing, secretary, and G. M. Wheel CT. treasurer. Mir. Gould was made. president of the company on account of his name; otherwise he would not have been worth two cents to us.
 We use his name for advertising purposes He was paid for this service alone. We have written agreement with him wheteby he bound himself three years if elected He was elected and he cannot resign without the ap- proval of the stockholders
 We intend to continue the use of his name We have a legal right to do so and will not be imposed upon. We are doing q legitimate business in every respect Mir. Gould has received com pensation for the use of his name and we do not state in any of our literature that he is d member of the rich Gould family;
 In the literature of the new concern the name of Edwin Gould is given great prominence. That announcement of the company recites that it is pre- pared to do "a general cooperative stock. grain and cotton business for the mutual benefit of the customers and the company" Then it further reads: Accounts may be opened upon this basis in sums of $10O to S1, 900 and up- wards''
 A new firm, F. Rockefeller & Co has opened brokerage office at 32 Broad way anu HesluS or eStdDilSned banking houses when seen said that it was time that this kind of practice should stop.
 It was also stated that the firm of w. R. Vernilye & Co. is to be reor- ganized tomorrow and that Messrs Carter and Newcombe have sold their interest in the concern. It was also stated that the name of w. R. Yer milye & Co. may be changed. It is said that Dr. w. R. Vermilye is a mem Der of the firm, but for various req sons the new management may de- eide on another title. The new man- aSement may decide on another title The new manager said today:
 Some of the best fnanciers in the country have purchased the brokerage firm of w. It. Vermilye 6 Co. I am not at liberty to say who they are until after tornorrow's meeting. I will say that one of the new firm is named Bel mont and that his name could be used with all propriety."
 At the offices of F.. Rockefeller & Co it was said that Edgar Rockefeller was the president of the concern. Mir Rockefeller when seen said that he has offices at 2S4 Broadway. Brooklyn and is soap manufa cturer. He said he never had any experience in the brokerage business before being elect ed president of the firm of E. Rockefel- Ter & Co.
 1.-THE TIA