The sun. [volume] (New York [N.Y.]) 1833-1916, 1904-10-30
ANY BUCKETSHOP RAKE.ORR?
ONE or LABAREE'S CREDITORS
TALKS ABOUT PROTECTION.

Has an Idea That the Bucketsilop Clearing
House VIII Settle with the Bnckc tshop
C0nfederacy and That the Confeder-
aey WIN Rescue Labarec's Creditors.
j. Walter Labaree who was no more
the real head of the defunct firm Of j. Walter
Labaree d Co. or Of the newer but no
ess defunct concern j. Walter Labaree
Co., Incorporated, than Louis Prince,
reputed to be only the manager Of the outfit.
Is the head OF the Bank of England. re-
manned yesterday In the retirement he
sought three or four days ago. His at
torney had no information for the public
concerning the whereabouts Of his client
but other attorneys, representing creditors,
had not abandoned hope that j. Walter
would turn UP at the Psychological
moment"
There was abundant evidence yesterday
however that the Confederacy was going
to take it's medicine and remain true to
the Clearing House. 1t may be taken
for granted that there will be no such bad
breaks in this collapse as West Virginia
GOODWIN made in connection with the
fall Of Woodend & Co. GOODWIN swore
out a warrant for DIR. Woodends arrest,
plays at all It must observe the rules Of
the game.
THE SUN had 1t dead right this morning.
said one Of j. Walters creditors yesterday
afternoon. "The Confederacy will take
its medicine | run a bucketshop outside
the State Of New York. l call it bucket
shop because that's what it is. All my GUS
toners know 1t and what's the use Of chuck
ing a bluff about it? l sent my orders
to j. Walter Labaree d Co., getting a com
mission of $3.50 from them on every hun
dred-shnre order l turned in to them. I
have very clear notion as to what they
did with those ORDERS but that's none OF
my business.
The outfit has failed. have good rea-
son to believe that the failure was not caused
by lack of funds, but flats another ques-
ton. I'm stuck, but my customers will
not lose a dollar. take their loss and
il can't collect from Lataree or Louis
Prince or somebody, then I'll stand the loss.
The Confederacy can't afford to lay down
on its customers because il it did the
customers wouldn't play any more.
But l have reason to believe that the
Confederacy won't lose much by this fail
ure. WHAT'S sauce for the goose ia sauce
for the gander, and the Clearing House
must play fair as well as the Confederacy.
The Clearing House must make some ar
rangenent Tat will be satisfactory to the
Confederacy. II it doesn't, l imagine
that the Confederates know a way to
get theirs, and in the getting We will. OF
course, observe strictly the rules Of the
game. For instance think l know way
to get mine, If it isn't produced within
reasonable time, and guess Others know
just as good way to get theirs.
Maybe I'm little further on the inside
in this deal than some Of tie others, and l
can tell you that have heard some interest
ing things. For instance, l have Heard
that the New York bucketshops-of course,
/ don't know any-ray a regular sum for
protection each week, and tl,at is why no
more OF them are raided than is absolutely
necessary. I don't know that this is true,
but have been told So and 1t comes to
me 80 straight that am forced to believe
that there must be something in it,"