The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-01

OFFICE
REOPENS

NoSy
-
prisoners were formally arraigned be-
fore Judge Howell on the complaint
which, stripped of it's legal phrase
ology, charges the prisoners with MAIN
tanning and promoting a place to de-
fraud and deceive people by means of
stock dealings.
william Nolan, who is the head of
the concern, and William Palmer were
each held in 1 1900 bonds, while four
teen others were held in $3.50 each to
await future proceedings.
All the men arrested in the raid are
said to have been connected with the
place, and they were all back at work
this morning, the wires clicking as
merrily as though the raid never took
place.
Whether or not the police will fur
Their interfere with the conduct of the
business remains to be seen. Captain
Carroll, of the detective bureau, under
whose. orders the raid was conducted,
consulted with the prosecutor over the
matter this afternoon, and was turned
over to Assistant Prosecutor Wilbur
A. Mott. with whim the detective bu-
reau will act after Mr.. Mott examines
the evidence gotten by the detectives.
Nolan, who is the head of the local
office, said today that he opened up his
business under the advice of his attor-
neys and that he would abide by their
kadvice In all his future actions.
I'VE win try to show the people that
we are conducting just as legitimate
a business as any other broker in town,
even though we have no New YORK
office and are not connected with the
Stock Exchange in any way" said NO
Ian. I'VE are dealers in securities, and
as such we do not need to be afAliated
with the New York Stock Exchange
I'VE do not nave any local trade, but
we have about fifteen branch offices In
different cities which + doing busi-
ness under our names. This Is our
main office and our wires go 70 the Of
fees we nave in the other cities. we
are in no way connected with any other
firm and we nave always tried to con-
duct our business properly and in the
same manner as we have done for the
two years past.
1--WE don't know Of any particular
reason why we were singled o1t fol
the raid yesterday afternoon, but per.
maps IL Is u test CdoC dAA0 IHO SS
the clearing out of the bucket shops
in Jersey City.
Our business today is not running
smoothly for the simple reason that W.
have not our papers and paraphernalia
which the police took away Our safe wa
opened and $4,000 worth of listed stoct
was taken, and are now held by the police
All of this we expect back as soon as tn
counsel can obtain the necessary lega
authority"
Detective Sergeant Tuite. who has beef
working ON the case, declares openly tina
the Office is the clearing house for a strini
of small bucket shops in New Jersey
New England, Pennsylvania and New
York State as far as Albany
What Tuite's trump card Is he will no
say as yet, but that he a something t
warrant him making the raid Is wei
known.
The raid itself, yesterday afternoon, wa
carefully planned by Tuite and carried GU
by his raiding party. Those caught In tn
police dragnet offered little resistance one
they knew that the police meant business
A telegraph operator in the office, VIII
did not understand the situation, refuses
at first to obey Tuite's orders to quit ia
machine, but the detective made a gra
for a blackjack, and that ended the ex
hibition Of resistance.
That an attempt would be made to ope
up the place this morning and to carr