The sun., 1910-05-02
WESTERN UNION NAN CALLED
~ WASHINGTON GRAND JURI'
WlRRIN WIRE MEN ALSO.

sraph Company in charge Of leased lines.
Will testify to-day IN Washington before
Federal Grand Jury. and tomorrow
Frank Maier. the man who was caught
St he door Of his telegraph once at a.
= Broad street on saturday. will have
chance 10 tell what he knows oI the source
o. the quotations that were sent out
on the Marin wire fast enough 70
tsat the general ticksrS u 10 not sup
sed that he would be allowed 10 20
l,re the Grand Jury unleas he had
,omething worth while 10 tell His ex.
sunation will come on Tuesday.
and on the same day Joseph Hecker.
The operator IN Tom Marrin's fast wire
cfire m Jersey City, who was also arrested
o. saturday. will testify before the Grand
jury
The presidents Of the two stock ex-
changes in New York have already ap-
reared before the Grand Jury In waahs
rrgton, though IL 10 believed that they did
rot give evidence concerning the Marin
wire or its origin Ransom H. Thomas.
resident Of the board OF governors
Il the New York Stock Exchange. tes,i-
nd IN Thursday. Charles x. Radeau.
vno holds the same once IN the Con-
soliateds was heard on Saturday.
Nr Thomas sa'd Rst night thA, his
krowledRc of the Marin wire was CLEANED
Gimost entirely from the newspaper ac-
counts published yesterday morning.
eve have thought Tor some time said
- 'tnat there wGs SSleak in tho quota
sIions Of the exchange somewhere and
thc' the reports were given 10 bucket
shons and others. We have dore our
test 10 find out where tho leak was In
CrLer thG, it might be stopred. The
Government has c,ir hearty cooperation
T nything Il mEv do IN that end and We
VII 10 cur rest 20 hep Il choke or
? ira business of the bucket shops'
Charles n Rsteau Of the Consolidated
htocE EHchange made a long statement
Yesterday 10 the effect that tho Msier wirc
Cd no, offer say faster service than that
r'el by the t.ckers NJ the God and
sock Telegraph Comra1y Nc added
'cs' 70 HE bsH belief this service had
tee2 come by horsstly.
-Ea-ly In the year he said. the Con-
solida,ea Stock ESchnnGe through its
attorneys. sullivan 4 Cromwell. called 70
tts attention oT the Federal authOntica
tte business methods OF certain stock
exchange located IN Phfla 1elphia and of
certain so-cAlled brokerage houses ron.
nected with that exchange We also a.
the same time submitted 90 tho Govern
men; certain evidence procured by ons
II our representatives which evidence
70 our minds clearly showed the unlawful
nature OF the business transacted BY
these eo-called brokerage houses This
was before tho prcseat crusade against
the bucket shops. and Ne believe that
We were the arst 70 bring 70 the Govern
meats attention the necessity Of putting
p q stop 20 the bucket shop business
Mr. Rhdeau said that he had liFst applied
o. District Attorney Whitman but that
TIE matter seemed 20 be 30 Widespread
o. ~ Il called for Federal action. Ot the
,'a"r service he FAid: 1T was inauEu-
rI"l some twenty-five years ago by tho
N"1 York Petroleum EGchsnE~ and On
m. consolidation with The present ex-
onGaEe va, continues. but 70 revsr had
..ny lo"A nor do We know now. that
Na ~ served any bucket shops
On the contrary. - late "a last Mon
Iasy Maier said 70 me in personal conver.a-
''1 hat he supplied quotations oily 20
r~g'i iarly organized exchanges. During
tn"se twenty-fvs years no question has
ever beeA raised until now that there
va anything surTeptitious or irregular
su0u n. The COST 20 the Consolidated
stock Exchange of the Msier service has
i""iI 81 90 yeaF. n IL not true that ths
tai'r service has been a fast service
j. Fact not fast ~ the ticker service
nl 10" floor. Witness the fact that ouF
h18' rules prohibit running from the
''ssr II Ia aelf-evident that were the
Na.'r service faster than the ticker ser |
lrr" here would be no incentive 10 run
tom The tickers TO the various trading |
Tos's and hence no need Of any such !
!-s
Re Government agents pointed out
Yesterday that the tickers Installed ca .hs !
io1r oi the Consolidated Stock Exchange |
are there In accordance with . twenty |
yaar-old injunction. which. however. pro-
E.1.'s their utilization a. q basisfor trans
ac'l1us On the exchange.
Nne u the younger officers Of the Con- |
''Ldaisd Exchange gave IN shghtly /
s'sa-sr detail yesterday the understand !
~ ths. ths members had Of the M&ier |
service The Consolidated Exchange
hn ilways known where the service !
''ns from aaid he. and We made /
m secret among ourselves that q came \
rom Frank MaisF. We ere anxious now
~ nov all there 10 about Il. u the sS-
'1angs Waa getting quotations from an ,
h'eEir' nate Source =s Sl4a': kzis5= e. sEa /
] you'd willingly get out Of Il rather than
u'" Iotations obtained suErsptitiOusly.
We lss the Maier service - . check
l'on The Gold and Stock ticker. We
wanted two strings 70 our bow. The
Na"r service began before my time.
A' : understand Il. Maisr's wire dated
'a". 10 is0S or thsreabouta. In the days Of
i- Oh Petroleum Exchange. According
!. m" practice current then. tho ticks ksrs
''" -old outright. and with the instru-
mont went the obligation on the part
n mo company 10 keep. II up and 10 fur
rft 1uotatiOns We understood that
''"." were only one or two Of these left
ara hat Maisr had secured the right TO
'ra ~ lhern
'sHINCTOS, May The Department
' .s'ice Re determin@d 20 gst ~ the boz
Tom n me farta IN the fast Marin wire