The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-07-19
BI:|'R|;|.0|j|K|'.E||.RiS|:EAGER.
D L [. POSTED 60.
NcWsiYork Firms Are Establisti-
ing Branches iii l,ii,gtonto
Get Earl y Information. II
DUE TO c SAD E ON TRU sTs.
Financial Interests 5Wailt$to5 Keep
n5Toucll Movements OF
4I the Administration.


$ vYA5H1NGTO On, I'D. c. July 1s.--One3 q I
the significant results Of President Isoose.
5velt's hostility 10 tho trusts and Of tho \
governmental now I'd lroad rate reg ula..5
ton functlonnis the intention Of severaj
New York brokerage houses to nbllst
branch offices In Washington, ia Il
# The brokerage business In Washington
Is already adequately cared for by tnta
local houses and by branches OF New
York firms. The explanation OF the in.@
tfllx OF brokerage interests from New Yorl
is found In the desire OF great financial
interests to keep I'D yised OF the changer
lin tho relntionso Of the Federal government
to tho trusts and the railroads, SO that
they may DO sforowurned tfgof any hostile
action. VIZ VIZ ~ Mt s.s
55 IL Is we'll known that several Washing.
ton brokerage houses have mea MS OF get
ting inside nation OF melton by the s
government which Is likely to infect the
stock market How this is done Is ths
despair OF Oft clals, bu t. during the last
few months certain interests represented
In Washington have been well covered
every tline tho administration announced
Ia new investigation or q no W n tin OK II Z
the courts against corpora to- interests.
II Despite the earnest efforts o so crnl 2
members Of tho House, Congress ddnot
5hIbit the leakage OF advance informal ton
which might In any manner affect the
l stock market. Therefore the criminnity
sof the action Of Il cleric or off cinl In dis-8
closing advance information to- brokers Or
Others remains to be + decided under ex
listing law In the cotton lcnk ca ses.s
which have not yet come to trta II:
IN some quarters the establishment Of
larger brokerage busi1ie IS in yyashingto
As looked upon with apprehension The
sncotton leak" ~ scandal, ny which at least
one official or the Department 1 OF Agricsi.-F
5turc Is alleged to have made $500, 600 by
giving to brokers ~ lips on yet unpnb-s
Slished cotton crop estirna tes.. was 9 result
l OF the specula tive evez; The q I,a rent
closc relation between, brokerage \ offices
and the Depa rtmert Of Agriculture de- Iea.-
,stroyed confidencc9in the crop estiHiat illis
service and that confidence has yet 4 to
be restored ti
53G BECAUSE OF the antitrust and railroad
rate regulation laws enacted vi thin the
last three years the Department OF ]! ! w d
Stice and the Department Of Conn
and Labor have Brea tly- increased IN IN AZ
iportancc In their relat lions to the business
world II Isl within the 20 er OF ei thei
~ these sud denly to take action WINCH
II not known to Wall Street III diva nee K
would break an unsteady 7narket ok,
Efi The government situation In WA shin g.
ton Is such that duties Of great mpor-st
ttance frequently dcvolye upon clerks 81
small salary Several clerks. in many
Important Offices some times have posses.
sion OF Of access to Of lclal Information
OF the utmost Importance lille Few
I ca Sos OF leakage OF such information To
outside persons have been revealed many
persons see In the q fort of great business.
interests to keep In touch With the intent
81 the administration NJ dangerous OPP
portunity for the enmcshing OF subord d. Il
nat es In spcculat ton, with the result that
In an effort to recover the II 100 ting they
may disclose government secrets.