The Washington herald., 1907-08-27
BROKERSAWAITFATE
Bucket Shop Evidence Pre-
sented to Grand Jury.
PLANNING LINE OF DEFENSE
Counsel for Raided Firms Hold Con-
ference-District Attorney Baker
TeIegraphs Instructions to Con-
tinue Crusade Against Alleged
ViOIatOrs of Law-Anect Business.

No raids were made yesterday, though
Assistant District Attorney Given, Otto
KHnke. Of the Secret Service. and Detec-
tive Heian. Of police headquarters, made
a round Of the offices that were raided,
and others which are under suspicion. for
the purpose of obtaining further evidence
to be presented to the grand jury. which
yesterday began its Investigations Of the
alleged bucket shops" Evidence was
presented in the case Of those offices
raided Friday. Evidence gathered sat
urday and yesterday viii be presented
to-day, and it is expected that other ar
rests viii follow.
Secret Service Ofieer Klinke and Detee-
tive Helan were the first witnesses. and
by them was explained the methods Of
'bucketing trades" as charged against
the local brokers. Other witnesses were
examined who were summoned as the re-
suit Of the raids on Chesley & Spence. Al
lson C. Jenkins, Wade & Hedges. and
Frank Kane.
Plan Line OF Defense.
Attorneys William E. Ambrose, Jonn
Daish Eugene Jones. and Thompson x
Laskey. representing respectively Ches-
ley & Spence. Hickey & Bloomenberg.
Allison c. Jenkins, and Wade 6 Hedges,
the stock brokers, who were arrested
Friday last, charged with engaging in
bucket shop operations. met for consul
tatIon last night in the Office OF Mr..
Ambrose. plan of defense was cor
sidered, and a line of action determined
upon in case of the return of indictments
by the grand jury. Action by the grand
jury is not looked for by the attorneys
for the defense before September 3.
though, according 10 Mr.. Ambrose. they
are prepared at once TO apply TO the
court for an injunction citing the dis
trict attorney 10 show cause why their
clients should not be permitted TO con-
tinue trading, IN the event their offices
are closed. Mr.. Ambrose said last night
that his clients were continuing their
business as usual.
Crusade 10 BE Continued.
Mr. Given yesterday received kilograms
from District Attorney Baker containing
instructions TO continue the campaign
against the alleged bucket shops" and
to issue another warrant If the stock
brokers attempt TO continue business after
being closed. Mr.. Baker also offered 10
return If his presence is considered neces-
sary.
Investigations Of the last several
months have led the district attorneys
assistants 10 visit New York, Jersey City
and Philadelphia. their purpose being to
ascertain the connections, If any, of the
local stock brokers with firms actually
holding seats on the exchange. II is al
legged that in every instance the firms
that have been raided and those under OBJ
servation have no such connections.
On the other hand. Mr.. Ambrose, who
recently visited Baltimore in the interest Of
his clients, while declining TO give the ma
ture Of the evidence obtained there states
that he expects TO prove that they are
and have been engaged in a legitimate
brokerage business.
Brokers' Omces Quiet.
Affairs were quiet yesterday in brok-
ers offices throughout the city. While
little new business was transacted, the
places were open, the tickers in opera
ton, and officers of the law absent. II
was the general opinion that representa-
tive OF the district attorneys Office had
seen the justice OF allowing a little time
for the brokers 70 clean up their sheets
before making any further move This
was spoken Of in an appreciauve manner
by some Of the brokers. and several of
Inem visited said they were closing up
their outstanding business and getting
IN shape for any stand the court officials
might take In the next few days. one
broker said:
This raid upon US. which appears 10
be taking on the appearance Of persecu-
ton, has knocked our business endwise.
Patrons are afraid 10 take commitments,
not knowing when the Offices may be
closed again, at the behest of the district
attorney. OF course. We are going to
keep open, If allowed to do so, but I am
Of the opinion that we shall be under the
espionage Of the court detectives for some
time TO come, and We may be obliged TO
stop for lack of anything to do"
The usual crowd was seen in several af
the offices. Men were watching the
boards and tiCkers, and commenting. "a
usual, on the movements of the market.
which, yesterday, toward the last Of the
session, presented good opportunities to
buy.
No orders were seen recorded. how
ever, and on the surface It appeared thai
there was really nothing doing"