The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-09-30
SCHEFTELS JOINTS RAIDED
GTORGE GRIHIN MGR MISSES
THT PiTROL 70 ICON RIDE.


spontaneous raids here and IN half a
loren other CRIES at IN" noon hour yes-
to-day stopped for The day the business
u....i INK in Jumbo Ext-nsipn. displayed
end 90 - the company's quotation boards
A. ,rs,ertly's one hest bet,
Tho raiiS were en gineercd 10y he bureau
Of ,rveSti CATION % The Department of
Justice George scarborough being N.
agent ~ charge II the job. n MAS one Of
tie vtt.-St swoops made sine" Attorney
Genera WIcker-hlm some time ago de-
cii.l ro get busy in the marketplacs.
AGENTS 81 MIR. wickersham seemed to re-
sa-i yesterdays raids as even more i'm
r.. rant than that made recently On the
Irred Wireless offices.
,,a,rse Graham Gics. alias Simon Her
az who - described ~ the principal
partner ia the enterprise and who was
associated with Nat Goodwin in the Raw
htis coalition scandal. was not in when n
police patrol wagon backed up TO ~ Broad
street a. noon and carte 81 amid the cheers
y an assembled multitude all those ~ the
bunch who happened to be ON hand |, va-
sad rhai he had gone ont about n O'Clock
To- g. . drink He did not come back
Ri,e lved al summer nj the Hotel Marie
An'oinstte hut left there on September Is
ard has been spending his nights at the
Glanmore apartments. Seventh avenue
and Fifty-fourth street. He owns large
last yellow car seen frequently in Wall
street where IL has made some legitimate
commission brokers rather envious ia the
E-,,"nr dun tim'-s
Not for u long time has the financial
district se-sn such a raid a. yesterday =
or one which seemed To plee-. II more
When the police wagon fillad with de-
rsctiysS and uniformed men hacked up
.-alust the curh in front of ~ the curb
n-uks-s shouted. We're gicd 10 see
vru'- Good thing you've come The
~.iefiels Office Ovsrlooks the curb market.
ursra there ensured an exciting scene.
rAIching almost the scenes going on in
-td~ Jumbo Extension went down with
1. Isn from a. to p Fly Central dropped
suddenly from 81 cents 60 20 cents ~ has
lid a. high - SI.?S aud Raw de Coali-
rnu. IS par value stock which once
~ up TO 81 ~. fell with a Gilded Fools
20 81 from n oer'- 10 cents
Inside the rEiders we-" having an cay
ame There were apou' fifty people
IN the Offices. but only few seemed tn ~
,Istomers. Telegraph wires running Ia
n branch Offices were busy. ard So were
.iniless iyrewriier- Tho fifteen do |
'~.'ives ard investigators. with young
Nir scarborough looking On locked ~
t" doors. and the Telegraph Instruments
.lIdenly stopped delivering rush orders
Jumbo Extersion. The raiders went
'~ough the bunch picking out Their
,rlSoners while outside a crowd. growing
Arger Ivy the minute. hootsd and yelled.
When the raiders We" ready To- take
out their prisoners there were ~ least
M curb brokers and their friends wait
ilg 10 greet them Bernard Scheftel@,
al ard haldheaded was the first out
I'D a. he was pushed into the patrol
wagon the brokers recognized him ard
made a greA' time. Sales were forgotten
- the moment.
seven prisoners. ScheftelS. Clarence
Mccormack Charles r. Belser, Charles
+ stone. John Delaney. William r. Sea-
Eraye- and George = sullivan. rod"
through the crowd IN the patrol wagon
%" chorus - derisivs yells. The in
,es'igators seized the books. which they
dumped into two more patrol wagons
rlt r1rted up 10 the Federal Building.
They found I20O accounts in these
books. which they aid ranged all the '7ay
tTom Maine to Californis. Besides the
hooks they seized many millions in stock
oa-'Iacai-s. marked letters. and n ton 81
o'her literature. Some Of the raiders were
busy packing things up for the re-t Of
the dav
The prisoners were first taken 20 Police
Headquarters and then to- the Federal
building. Mossa Gro~sman and b r.
BaIdvin appeared for them there. Tn"
Complaint against the prisoners named.
fe-Ides those arraigned before CommIs-
-ouer Shields. George Graham Rice.
''hrles A. SAWYER manager AT Provi.
t-nce: BenJam min Scb~ftsi- the Milwaukee
rsnager; Ralph y. Waterman the bet roit
Arager. George ". Holbrook. Boston
,uager. and Charles W. FinninEer
inladelphia mana ger. and slso Charles
iI.rzig and Harry Heddick Of the local
. .r-nplaint accused those mentioned
.' ~...-" II the mails and charged that
'-' be~n operating n bucket shop. !
making 'ilse quotations and charging
ir'"rr-' IN fictitious amounts. and that
.ey hal inverted moaey and securities
r".'rznZ 20 customers. Scheftels was
Aald Dol SIS rsO bail Belser in g. 500 and the
.;a-'- ln 81 IN each for examination next |
Monday. Beis.r - secretary Of the COM |
.n0v
'"T' ~ Rice. the inya-t gators 81 the
'"a1rtm-nt - Ju-tc" regard Sullivan /
.- having m"-t 20 DO Vitn the success % |
outht Red Letter sullivan he 10 ,
.,.ish and u was h." they -sv who got up
- circular and letter writtug -cherns to :
IT the money which ha- flowed for two '
lars into the hrm- o.f-r- Sullivan
- belonR@d to the t,u-piriatsd EE-
.,ug- and failed on q nu. market Sea /
.-.s.- was the editor 81 tr" laI..r pub
rod by the company S"h"It.- hm-"lf
"H~ once . broker IN MlwAuk-.. His
'lrr Benjamin. Was arrested tr"r" -
... inAger ~ the branch offic" B.--l,l.-
... "A" r.-- IN thi- city tho Offices 10 P'Il
r'a Providence. Boston. rI.cagu.
. "tuk-s ana Detroit wei" visited
'.' r0r"t b-.ng To- srr~-t 10" manage