New-York tribune., 1908-09-01
WAGNER TO URGE WAR
70 STOP STOCK GAMBLING.
Assemblyman, if Reelected, WM
Reinfroduce His Measure.

Relieving that the situation disclosed through the
failure of A o. Brown & Co. will afford unanswer-
able arguments IN his favor, Assemolyman kooer'
F. Wagner intends 70 reintroduce his resoluuon
for an investigation OF Wall Street stock ganpiihs
defeated the last legislative session. Il he
TO Albany this coming year He declared se
terday that the facts now being brought out aooul
the Brown failure furnished absolute comm
q, .be arguments made by him in support OF ms
measure and refuted the statements made ov ms
opponents.
Nv Wagner introduced early last session meas
,,ra restricting operations in the stock market.
- - n-e,.n- stock gambling. wash sales,
and tbe like Al one hearing on this measure 'oil
G. Milburn appearing as counsel lot tls 80
Exchange said that that body courteo ~
Of the business methods pursued Ihereupoh NJ
u,,r presented a resolution calling for the ap-
o,,,1nenf Of q legislative investigating comnli''ee
TO take up this subject .-.o, of
A. ,hs beginning of the extraordinary session o.
-. reeisIst,ra MADE necessary by the failure Oh
The sntj-earnblng bills by a Tie Nooe' VIZ
x-sca,cv IN the Senate Governor huehes ieOo1i-
,nensed the appointment OF a commission 10 AZ e
teate gambling in stocks In spite OF 'iia, Il" -.
&c action was ever taken on that part OF iiS
message BY the committees 10 whch II was
xe-red and the Wagner measure oieo-
IF go back Albany this winter salu -Ni. NJ
Wagner yesterday, Il purpose relntrouuNiiie s
resolution for an investigation OF wan Suee' Sun
gambling backing il with the facus otoush
=. - n. failure of A o. Brown & Co nave
<sves carefully ali the newspaper clippings con-
serning that disaster, and they bear out an tia'
Was said last session in favor OF my resoiuuon'
That affair VIII furnish specinc argument 10
zbour tbe necessity Of investigation and re1neolal
,ae1slstion such as We had not at hanc theh
.s7rp,e onnonentg of the resolution laughed when
SIC friends .old of stock gambling WASH sales anu
IN. like Yet they cannot take away TIE Iact tIiat
more than one million shares o. STOCK WERE oeoi'
=. :, . SATURDAY. under conditions so scandalous
that the Stock Exchange itself had TO step IN LOT
some housecleaning Investigation OF matter
=. t,,ss SORT hv the men who daily are engaged
f stock transactions and have their nosrils hlled
with the atmosphere of the Street and speculation
,oesnt look 30 me if il would bring aboul CON-
6itions such as the people Of the state nave
right to demand. ] intend TO press my resolution
again. z.tih The certainty tna1 II VIII nave Ii'ON
better x.9port this year.
Nr Hsrnsr's friends are discussing the proba-
l,flfty IF his being nominated for the Senate
this autumn He represents the 22d Assembly DIS
rric- srt O. the 18th Senate District. whose rep
-eseufe-fve IS Senator Mccall Mccall wants re-
nomination, but because of his attitude on the
original scent fare bill and various other leg1s-
lstive propositions his stock is not at par with
many Democrats there He is known as fea1h-
erson man while Wagner is a loyal adherent OF
Big Chief Murphy
The Cassfdy,-O Brian anti-bucket shop law, based
on the Massachusetts statute Of similar import goes
;nto effect TODAY II is drastic measure in
tended 10 prevent transactions in stocks or other
,r ketable securities or articles based on fnafhe'
,o7,afa.ions without a bona hde purchase and safe
Of IN. stocks or commodities Ii PROVIDES among
other things that broker must give TO MS Gus
zorner On demand, a statement cohtalhlus 'ne
rame ot the person or firm from which he bought
=, +ooks or other securities or commodities, or
>. -,bo-o he sold them. together with the condl-
.ions Of the sale Violations Of the act is mace
felony punishable by fine OF s0'veV OF ilhPiisoii
rnert for five years, or both