Los Angeles herald., 1910-10-21
RAID BROKERAGE
OFFICE At VENICE
Denison & Co. Officials Arrested,
Charged with Conducting
a Bucket Shop
NAMES OF VISITORS TAKEN
Pasadena Constable Conducts
Affair Without Advising the
Beach Police Chief

VENICE. Oct. 2O.-The brokerage Of
flee of c, B. Denison & Co., in the
second story of a Windward avenue
building, was raided this morning by
Constable Austin of Pasadena, and as
sistants from the district attorneys
office. Denison and Harry Hiles, as
ISOLATED with him in the operation or
the business, were arrested and taken
to Pasadena to answer to the charge
of violating the statute against bucket
shops before Justice Of the Peace
Klamroth The names of nearly a
score of visitors to the place were
taken by the officers so they may be
called as witnesses if required at the
hearing of Denison and Hiles.
The raid was made at o'clock this
morning, and was without the knowl-
edge of the local police. Austin and
his assistants walked into the room
where the telegraph operator was
chalking down the eastern stock and
grain markets on the great blackboard,
observed anxiously by the visitors
When Austin announced his purpose
there was a scurrying among the
small audience, it being to all appear
ances a contest to decide who could
get out of the door the soonest. No
one escaped withut being questioned
by the officers. It is understood that
the names Of a number of well known
Los Angeles men are included IN the
list recorded by Austin.
C. B. Denison & Co. have operated
the brokerage office here since last
June. They provided place where
stocks and grains could be bought and
sold on ma gins and the business ap-
peared to attract many men from Los
Angeles A direct New York wire pro-
vided by one of the telephone COM
panies had its terminus in this office
and 1t was over this that the market
reports were received. Each morning
during the week party of men came
to Venice on an early car and remained
several hours at the brokerage office.
Chief of Police John H. Parent was
one Of the most surprised men in Ven
ice when the raid was made by the
Pasadena officer. Complaint was made
about two months ago that bucket
shop was being operated here, but
the chief, it is said, paid no attention
to it at the time This information was
furnished by q Los Angeles man who
refused to swear to a written COM
plant, or even to give his name when
requested to do so by the police. He
was a stylishly dressed man, wearing
a tall silk hat and Prince Albert coat
and an imperial mustache. He said
he had lost $500 in Denison's place be-
cause of a falling market. He was
told that nothing could be done unless
he filed a written complaint. The man
Is said later to have taken the matter
up with the district attorney.
The authorities, it was understood
tonight, have information concerning
the operation of a supposed bucket
shop at Long Beach, which will also
be brought under surveillance in the
same manner as the alleged bucket
shop here According to friends o.
Denison and Hiles, their arrest is the
result of jealousy on the part of for
mer bucket shop proprietors at Los
Angeles who have been put out of bus
mess since the strict enforcement Of
the statute in that city.