The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-04-04
MORE BUCKET SHOPS
Wholesale Arrests Expected
Within Next Few Days.
MAY INDICT WESTERN UNION
Attorney General Out On Relentless
Cam9aign-Agents Lying Low for
shady Concerns, MOVes-TeIegraph
Company Alleged 40 BE Deiiber-
ately Assisting Bucket shops.

The Department of Justices campaign
against the bucket shops of the country
is far from being completed-it has, IN
fact. Just begun.
The arrest of sixteen men Saturday IN
raids that took place in New YORK
Philadelphia, Baltimore, and Washington
will be followed by others to-day, The
arrests to-day may be followed by still
more. and 1t was said the department
is planning 10 get after other shady
concerns.
Plans Suit Against Telegraph Co.
The department has gone to the ex-
tent Of contemplating action against the
Western Union Telegraph Company. The
government believes that the Western
Union knowingly furnished the offending
bucket shops with ticker and other wire
service.
This, in the minds Of some officials,
makes it as much of a conspirator as
was any OF the men arrested. On the
other hand, il may be that the ccpart-
ment will allow the telegraph company
10 go free with q severe reprimand.
The three firms caught IN the net yes
terday were captured because they were
found violating eonstructively law
which forbids the operation of bucket
shop In the District Of Columbia If the
concerns which were not touched ever
begin operating here or in Federal terri
tory, they are likely to come TO sad
end suddenly.
Country Mapped Ont.
The three. concerns put out Of business
so FAR had made a rather complete divi-
sion of the territory between Maine and
the Mississippi, and even beyond that
river. Price & Co., OF Baltimore and
New York. had the Southern territory.
They operated exclusively south Of Ma
son and Dixon's line and had Offices In
Atlanta, Jacksonville. and other South
ern cities. f. S, Boggs & Co. were given
the New England States and New York.
The Standard Stock Exchange of New
Jersey had New Jersey. Pennsylvania.
West Virginia, and that portion Of the
Middle West not touching st. Louis and
other Southern cities, which belonged to
Price & Co. according TO the agreement
Women Good Losers.
Many of the patrons OF these bueketing
companies, it was said yesterday. were
women. The female trade had become
so great that plans were on foot early
in March TO establish a bucket shop solely
for women in this city. This shop was
10 have begun operations on March Is,
on March 4, however, the agents Of the
department swooped down on the local
ONCE Of Boggs & Co. and the Standard
Stock Exchange Company. That raid
stopped the budding plans for a woman 5
bucket shop here.
one reason for the establishment Of a
womans shop was that in dealing the
women monopolized the telephones a
great deal of the time Most women did
rot like to come 10 a shop in person, but
wanted to keep in touch with the market
just the sage. hence the continual tele-
phone calls. The women. by the way.
proved good losers. They always hoped
to get back next day what they had lost.
According to estimates to-day, the three
concerns got on an average ten new vic
tins each day apiece at each of their
Offices Since between them they had
about go offices. the story seemed pretty
we'll substanuated.
The -hree companies not only had more
or less OF a cinch on snybody's money
who started playing the market with
them, but they tried to play both ends
against the middle. Ordinary brokerage
houses charge Is per cent commission.
The bucketing house took "a per cent
right of the bat.
WfckerSham Won't Let Up.
Altogether Washington has been much
interested by the raids of the bucket
shops. Attorney General Wickersham has
shown by it, more than by anything else
to most minds perhaps, that he is wide
awake and on the job. 1t was he who
figured out that it was possible to get
the bucketeeTs under a Federal law.
Already. too. he is getting the reputation
Of not letting go when once he starts
Bright minds in the department con-
ceived the overlapping game. and then
II came easy. They had agents go to
the bucketeers. buy or sell, and then get
the slips from the proper persons. re-
cording that sale or purchase The Wire
tappers we're busy all the while. and
they easily figured out that, while the
agents had their slips showing stock
bought or sold, no little ticks OF the wire
had gone 10 Philadelphia to the Con
Exchange in keeping with the figures on
the agents slip.
It was the Attorney General who con-
ceived the idea of getting after the Ken.
lucky night riders under the Sherman
antitrust law He put agents to work
and found a pIain interference nv the
night riders with an interstate shipment
OF tobacco. Indictments followed and
the prosecution VIII begin within a few