The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-08-26
BUCKET SHOP
CASES BEFORE
GRAND JURY
Secret Service Man Tells
of Method - Seven
Firms Investigated.

me grand Jury began the considera-
zion of the evidence secured by Detee-
tive Helan, Secret Service Operator
Eklinke. and the assistant district attor-
news IN their raid upon alleged bucket
shop operators on Friday and Saturday
The firms whose business methods are
being Investigated are those Of Chesley
& Spence, Wade & Hedges, Allison c
jenkins Frank Kane, Bloominberg &
Hickey. Public Stock and Grain Com
pany and Taylor & Co.
No more raids are now planned by
the District Attorneys office. but their
efforts will be aimed at solving the
problem as TO whether firms doing busi-
ness now are legitimately connected
with the stock exchange in New YORK
II is stated by the detectives now on the
case that most all the firms in Washing
ton have been doing business on wire
running TO larger bucket shops IN the
city or out of town
Made Long Inquiry.
The investigation Of the Washington
bucket shops has led the District Attor-
news assistants TO travel TO New York
city. Jersey City, and Philadelphia
Their operations. which have occupied
the last six months in various cities, are
complete, and the minute and complex
system employed by the managers and
owners OF these places Is completely IN
derstood by the men here who viii
prosecute alleged Infraction of the anti
gambling law.
In Jersey city it is stated that great
many bets were laid by Washington
brokers with a firm trading under the
name Of Celia & Co IN Philadelphia vari-
Gus bucket shops received bets that were
made here. Their Investigations in New
York were for the sole purpose Of learn
ing the connections, II any, with firms
actually holding seats on the exchange.
In every instance, # is alleged, the firms
that have been raided, and some sLil IN
der observation, have no such connec-
ton Not only have the small operators
been given the third degree, but several
large brokerage houses doing a legiti-
mate business and having seats on the
New York exchange have come IN for
their sweat
The first witness before the Grand
Jury today was Secret Service Operator
Klinke who has been conducting most
Of the investigation in other cities. He
stated the exact manner in which the
firms in this city traded. In explain
ing the method used. he stated that the
taking for granted that a large amount
was put up as a wager, would immedi-
ately get into communication with some
outside partner. and lay the coin The
man here could charge a commission OF
4 per cent. half of which would be
turned over to his partner. If grain
should be dealt in a commission of 4
Per cent was charged. one-sixteenth OF
which would be retained as his COM
mission.
Have Dummy Wires.
In many cases" it was stated.
bucket shops have wires that begin
nowhere and lead nowhere. Why they
go to the trouble OF having a dummy
wire could not be explained. except on
the grounds that the expenditure was
necessary to keep up appearances"
Detective HClaH was the next wit
ness, In giving his testimony. which he
has gathered during the last few weeks.
Mr.. Heian made use Of the various sale
slips and tickets I'm explaining the
transaction which had been made. 4
number of witnesses followed the de-
TCctlVe, some OF whom are in the en-
plOy OF the district attorneys office.
and others were captured when the
bucket shops were raided.