New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-05
RUMLEY GOES TO GRUBEP.
WOOdend'S Cashier Willing to Tell
Al He knO1CS.

Voluntarily the much sought for cashier OF the
defunct Woodend nrm. r. H. Rumley. visited the
receivers office yesterday and gave information 10
Abraham Gruber and Irving l.. Ernst He will so
again to-day and Mr. Gruber expects to go over the
books OF the concern with him I'm a hunt for assets
Rumley said he neither a thief a squealer.
and willing 10 tell whatever he knew. OF the
money in the hank for the last week two he
said about all had been paid customers who
came for their profits II "hrst come. first
served"
The arraignment Of DR. Woodend the grand
larceny charge OF Edwin n. Goodwin will come up
IN the Tombs police court this afternoon. Mr..
GOODWIN expected reach here Yesterday but
detained In Petersburg. His lawyer. Norman
!. Marsh. expects 10 press the charge. but IL has
been declared that efforts were being made 10 get
Mr. Goodwyu To take his money and have the
charge dismissed
The receivers examination developed that Sidney
McHie OF the Hammond Elevator Company. which
deals" IN stocks had been behind the deal in
Chicago and Alton which cost DR.. Woodend
siderable money and his automobile. McEIie ad-
mitted that his concern had been charged three
times with being bucket shop, but had never
been found guilty
James c. Ienney. acting counsel for Abraham
Gruber the receiver wanted to know II there were
not three methods OF handling order IN the
ofice-through the Consolidated Exchange through
Stock Exchange houses. and what became Of the
order, that Is, putting a ring AROUND a sale on
ton" Mr.. Rruck said the Consolidated Exchange
ana the deduuB through 6tOCk EAChHnBe houses
correct. but ne had never heard Of the ring
method He thought the Chicago and Alton deal
netted Nellie between $1,000 and $1,000 MCHie
not officer OF the Hammond Elevator Com
pany. but a stakeholder only. he said. The
pany itself had dealings with WOodend & Co.
but he, through Weber, of Buffalo "a live
shares OF Chicago and Alton common and preferred
Weber deposited $1,000 margin Mr.. Lenney
wanted 10 know II this wasn't a fund given 10
Nellie 10 manipulate the stock but Nellie evaded
the question He made $500 he said taking
$500 IN cash. automobile for $3.50, and the
rest in notes. all Of which were paid Woodend
embarrassed. he knew. but had not said he
insolvent.
Henry +. NOstrand. manager OF the Brooklyn
office. said that some OF the firms books had been
torn up for memorandum paper and the firm had
been dispossessed from its Brooklyn offices a few
days ago He told OF the one hundred shares OF
sugar. They sold. he said. but the money
realized had never been turned to the owner
of the stock. On Tuesday. the last day of bust
in the Brooklyn office. n physician had de
posted 500 for the purchase OF ten shares of Rock
Island. The check had been deposited, but the
stock never purchased. II had often seemed
him. he snid. II some one were manipulating
orders in the main office and he had reported his
opinion to DR.. Wuodend.
President Randolph in discussing the bucket"
question. yesterday said that nothing had ever been
found TO show that the WOodend firm "bucketed."
II has been reported that one of the firms whose
name had been brought into the Woodend difficulty
was under investigation that charge. President
Randolph would not admit this or that any OF the
members Of tho exchange were under discipline