The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-01-26
4. N. PERDUE IS
UNDER ARREST
Bucket Shop Brokerage Firm
Is IN Trouble.
CHARGES ARE ENTERED
Accused Claims He Can Ex-
plain It Away.

Oklahoma City, o. T., Jan. 25.--Another
chapter has been added to the history Of
the operations OF a local bucket shop
brokerage concern known as Perdue &
Co. BIZ the arrest of A. NJ. Perdue On
the charge of embezzling funds OF the
Lexington National bank Of Lexington,
o. r.
j. r. Lydick, attorney for the bank
named. informed the police that Perdue
wns wanted and within an hour the lat
ter was arrested and brought to police
headquarters by Policeman L. d. Fowler.
It was learned that Perdue's father was
in the city and that father and son were
exchanging communications by means of
L messenger boy. The officer shadowed
the boy On one of his trips and saw him
outer the I. x. L. rooming house on
North Broadway. Shortly after Perdue
came out and went into saloon. AS he
came out Of the saloon he was placed un-
der arrest. He turned very pale, but
made no remarks, except to request that
the policeman allow him to walk In front
~ him a. they went to the station. This
mas granted.
Shortly after the arrest the prisoner
was visited at police headquarters by his
Gather and father-in-law and some other
3riends and he was later released upon
Z bond Of $4,000.
To an Oklahoman representative, At
torney Lydick. who is representing the
hank at Lexington, made the following
statement:
"a. NJ. Perdue has been for several
years president Of the Lexington Ma
tional bank. About thirty days ago he
disposed Of his stock in the bank to
w. T. James, and just before going out
OF the bank Grew drafts to the amount
OF about eight or ten thousand dollars
and applied same to his personal account
and failed to register same on the ac-
count books of the bank. He committed
several other acts of irregularity. Perdue
was running the Logan and Bryan wire
Of the Postal Telegraph company for
his board OF trade concern or brokerage
business. He procured $1,000 from A. E.
Parne,l and 1890 from Ed Parnell to in
vest in securing membership on the cot
ton exchange at New York, Chicago and
New Orleans. He failed to invest the
money, but applied it to his own use,
dealing extensively on the board and
losing considerable money. He is now
unable to meet these demands. He
claims that the man Stebbins, who was
under arrest yesterday, got away with
the money, Stebbins being in his employ
and connected with the company"
Attorney e. j. Giddings who Is repre-
senting Perdue. when asked for state
ment last night, said:
1.-The complaint against my client al
Ieges the embezzlement of sS.1Ss A set
off ted f,ofx Mr.
due and the bank, at which time Perdue's
stock. aggregating in value s12.10O. and
other securities were turned over to the
bank in settlement of Mr.. Perdue's in
debtedness to the bank. There is a dis
pute, according to the defense. as to the
amount due and the nature of the trans
action. Perdue claims and can show that
there has been no criminal transaction
whatever. as all that was due the bank
by him was civil in its nature. We are
confident the criminal action will so up
in smoke. He was president of the bank
and all transactions appear upon the
banks books. there being nothing secret
about the matter whatever. and the
amount of his stock, cotton and other
materal holdings are more than sufficient
to over-balance any Indebtedness due the
bank"
Mr. Perdue gave bond in the sum of
e15,0Oo- HIS bondsmen We're his father.
Alexander Perdue, of Little Rock. Ark. =;
J. b. Gordon, his father-in-law. of Lex
ington, and Mr.. Parnell, of Lexington.
The bondsmen qualified at $4,000 The
case is in the hands of the federal au
thorotics and hearing is set for wednes-
day before M. l.. Splitter. Unied States
commissioner in this city.
1t is understood that the prosecution |
Brought against the man Stebbins has
been withdrawn, as it is not believed he
was connected criminally with any of
tho company's transactions.