The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1905-08-30

circuit court in the third district OF
Minnesota and also in the district court
of the second district of Minnesota by
George E. Deneen and Harry Ell. Hart
sock against Abraham ]. Cummings,
who is running a bucket shop in st.
Paul and has about hundred branch
bucket shops in the northwest, Mr..
Cummings acknowledged his liability
and settled the claim of Mr.. Deneen
and Mr.. Hartsock by paying them
seventy-five hundred dollars. The
above sum was paid to II. H. Hart
sock and George Deneen of Cumber-
land, Md, in the form of cashiers
check No. 1869, which was dated
June Is, 1905, and calls for 81 500 on
the First National bank of ST. Paul,
Mimi. In addition to this Mr. Cum
mings had to pay all the costs in the
case which amounted to several hun.
dred dollars. This is the noted case
from Cumberland, Md, where Mr..
Cummings had about fo1r years ago
been running what he claims brok-
er's office and quietly pulled up stakes
and left during the night, owing to
various customers over 5000, 900. From
Cumberland he went to Buffalo, n
Y, and started line of so-called brok-
er's office under the name of F. l..
Camp & Co but this venture lasted on
~ few months and he again stopped
business owing all his customers over
100000.
From Buffalo he went to Detroit,
where he again opened line of brok-
er's offices under the name of the
Michigan Investment company. At
ter four months of very lucrative bus
mess he again like the Arab folded his
tent and quietly stole away. Coming
to st. Paul, Mimi. he opened and
claimed line of bucket shops. He
also started in business at Helena
Mont, which place he used as base
for his varied operations. This last
line of bucket shops, after large bus
mess had been worked up. was sold to
one of his operators for less than $780,
This operator ran his business about
two weeks longer and failed His next
venture was at Salt Lake City where
the bucket shops were opened under
the name of Cummings & Co. and this
place was made headquarters, He ran
these for several months until his Gus
toners found the office locked one
morning and Mr. Cummings announc-
ed that he did the same on account of
lack of business. In his report to Brad
street he reported that he had invested
S25, 900 in the office above mentioned.
Mr.. Cummings has about eighty buck
ct shops in various cities of the north
west
The great advantage which has been
gained in the recent settlement by Mr..
Deneeen makes all the 100000 of
claims valid and the eastern parties
are now getting up $4,000 Of these
claims which will be presented for
settlement in the next few weeks. AS
the former claim was settled for fifty
cents on the dollar, it will cost Mr.
Cummings in the neighborhood of
800, 600 to settle them. These claims
originated from his first failure. In
addition to this there will be the claims
of F. L. Camp & Co., also the Michigan
Investment Co., A. ]. Cummings &
Co. of Salt Lake City.
The question will be, whose money
is he going to use to settle these claims?
The only answer is that he will use the
money of his present customers, and
then, where will these customers get
their money and what percentage of
their claims do they expect to get?
There are already over $45, 900 of claims
of the different cities OF the northwest
put in against him.
Mr.. Cummings still poses as a men,
Der of the Minneapolis Chamber of
Commerce, claiming that he handles
all the business of all the offices with
only one broker on the floor. He also
claims that he is handling part of his
business through the firm of Watson
& Co.. Minneapolis, but Mr.. Hall Wat
son was interviewed on the subject and
stated positively that they had no con-
nection with Mr.. Cummings what
ever. He says that several months ago
Mr.. Cummings gave them some bus
mess but it was almost impossible to
get any money out of him for the bus
mess they did for him, and consequent
ly refused to handle any more business