New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-07
WO0DEND'S BIG HACKERS.
TO DISCLOSE IDENTITY.
Doctors Safety Boo Empty-West-
ern Firm IRUOIUed.

Startling disclosures tending to show that Wood
end & Co only unit in a battalion of bucket
shops. and that DR.. Woodend. sportsman and
Anancer furnished respectability to his firm while
men well known in Wall Street furnished the CAPT
tai and shared DIT. WoOdends profits. are prom
ised at the bankruptcy hearing on Monday
II still believe that DR.. Woodend was the head Of
the firm" Irving l. Ernst counsel for Abe
Gruber the receiver. told a Tribune reporter yes
terday, but from what r. d. Rumley, the ex-
cashier of DR.. Woodends firm. has informed us. I
think we shall be able to show that the capital Of
some fairly prominent in Wall Street was
interested in the concern, and that these divided
the profits with DR.. Woodend 1 think 1 may say
that DR.. Woodend was regarded as a good thing
by these men"
Their identity Mr.. Ernst declined to disclose
Il think however," he added. significantly, that
interesting disclosures will be made on Mon
day
Mr. Rumley has told Mr. Ernst that $4,000 Of
assets will probably emerge TO meet liabilities es-
timated at $4,000 He has furnished a list Of
banks in which the out-of-town branches deposited
and also disclosed the names OF persons whom
he declared to have been DIR. Woodend's associ-
ates.
Mr.. Ernst yesterday opened the box leased by
DIR. Woodend in tho Standard Safe Deposit Com
pany's offices, at No % Broad-st. to find It empty
There IS another box there however" said Mr.
Ernst. (which 1 have TO believe contains
things OF value. AS it is in the name of DR. and
Mrs. Woodend. however, did not open it to-day
but am applying for a court order
Investigation of DR.. Woodends affairs has estab-
lished beyond dispute, it is said. that important
Western firm vitality interested in the business.
furnishing funds several occasions. and that in
some deals the Western firm acted for DR.. Wood
end while in others Woodend acted for the firm
One of Mondays important developments will be
the comparison of the Clearing House sheets and
Stock Exchange reports with the confirmation no
tees sent by the firm of Woodend & Co. to its
customers. Unless the sheets and reports record
certain ctons. proof OF bucketing WILL 1t Is
said, have been conclusively demonstrated. AL
though official statement on the subject could
be obtained yesterday, IT is understood that the
Stock Exchange authorities conducting quiet
investigation the alleged business relations Ge
tween WoOdend * Co. and or two brokerage
houses having stock Exchange memberships.
Counsel for Edwin =. Goodwin of Petersburg,
Va, who caused Or. Woodends arrest admitted
Yesterday that he had been informed by the Dis
trict Attorneys OFF .e that if Mr.. Goodwin did not
prosecute Mr.. Woodend proceeding would be
brought against Goodwin Then there have been
rumors Of negotiations for cash settlement and
downtown reports had 1t that Mr.. GOODWIN, hav-
ing already lost 1880 through woodend's firm.
besides having 10 pay his lawyer $1,000 had no
desire return to this city. the chances of his
recovering Ills money appeared to diminish. These
reports were denied, however, by Norman j..
Marsh. Mr.. GoodWyn's attorney.
There have been no negotiations between my
client ard DR.. Woodend,' Mr.. Marsh told a
Tribune reporter, and there Will ice none. There
could not be at this stage IN the game You may
day. and intends to press the charges to the
bitter euu.''