Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1903-08-08
He SPECULATED N CORN.
An Aged and Wealthy Illinois Far
mer's Experience with a st.
LUniS Commission Firm.
He ORDERED CORN, THEY BOUGHT WHEAT
Now Sues for Forty Thousand Dol
lars Which, He Alleges, Is Dae
Hmm which the Brokers Claim
Was Swallowed Up IN Deal
Which Was Not Authorized.

81. Louis, Aug. 2.-The Merchants
Brokerage & Commission Co., with
Offices in the Gay building, Third and
Pine streets, is in trouble. In the
United States circuit court William
Wilmerton, of Rock Island county,
ILL.,, has filed suit against the com
pany for $4,000.
At four o'clock Friday afternoon
United States Marshal William l..
Morsey took charge of the company'I
affairs. He also had garnishment pa
ners served on the Germania Trust
Go. to prevent it from paying out any
funds the brokerage company may
have deposited there.
Mr. Wilmerton names as defendants
in his suits besides the Merchants
Brokerage q Commission Co., the
Traders bank of St. Louis, Arthur
f. Mclntire, G. Louis Stern and Will
lam j. Peck. The latter is the presi-
dent Of the brokerage concern. Me-
Intre was formerly its president, but
is now the president of the Traders
bank. Stern is said to hold on Office
with the brokerage company.
y. W. Deppeler, formerly manager
for John j., alias "Baldy" Ryan's Turf
Investment Co.., is on letter heads Of
the company as its treasurer. Wheth-
cr he still holds that position has not
been learned.
Before moving to the Gay building
the Merchants Brokerage d Commits
sion Go. offices were in the building
at the northeast corner Of Fourth and
Olive streets, where Ryan's turf in
vestmcnt concern held forth. The of
fees of the Traders bank are in that
building now.
Wilmcrton alleges that he loJ $i0,-
600 through the defendant company,
which he gave it to invest for him in
corn. He is 81 years old, and said 70
he the heaviest taxpayer in Rock Is
land county, His post office address
is Presumption.
He began his investments with the
concern, he says, last December. The
amount he sent was not large, and
was to be invested in corn. Grain
was the company's speciality. When
winning was made he says he re
invested, until his outlay represented
the amount he sues for. He claims
that he never got one cent from the
company The latter, he says, kept
reporting to him the large profits his
Indlt,.' ,'ua iuunln6' "iits --- '.,--- -----.-
fed.
In May last Wilmerton received a
letter from the company saying that,
owing to the wonderful success of his
investments in corn, the company had
decided to invest his money in Sep
tember wheat.
He had not authorized it to do any
thing of the kind, he claims. Several
weeks later the company reported
that everything had been lost,
Things are in a ruinous condition, y
the telegram read. at will require
$4,000 to save you
The aged investor then became sus-
picious. The additional 100000 was
not invested Instead, Wiimerton
came here to investigate. He arrived
this week, and employed Attorneys
liigdon. Longan and Hopkins to look
after his interests, The result was
the fling of the suit and the attach
mcnt and garnshment proceedings.
Mr.. Hopkins, of the law firm em-
ploycd by Wilmerton, claims that the
company never bought bushel Of
corn for his client