The Washington times., 1910-05-02
Western Union Officials
Questioned Concerning
Use of Wires.
SEEK EXPLANATION
OF LEAK ON LINES
Men Accused In Bucket Shop
Cases 70 Be Examined How
Pirates Operate.

Tomorrow evening at the latest the
Government experts now briaglnE the
prosecutions against the bucket shops
Of the country expect 20 be able 10
state the exact ticker points where
quotations were obtained for the Marin
and the 1Iaier wires. by which most o.
the shops invaded. fn the simultaneous
raids several weeks ago. are alleged to
have been supplied
To this end. c. " r. Adkins. = ce
president Of the Western UaiOn TIe-
graph Company. having charge OF the
leased wire service, was before the Fed
eral grand jury IN this city today, and
tomorrow morning. II is thought Marin.
OF Philadelphia. and 1Taier OF New
York, win be taken before tie Federal
inquisitors.
For two days Witnesses have been be-
fore the grand Jury. Mr Adkins was
called especially 10 explain what con-
nect0n the Western Union Company
has. 81 any, with the Marin fast wire,
which through the interference OF the
police was for a time put out Of com
mission ga Jersey city Saturday
Adkins Closely Examined
11r. Adkins was before the grand jury
more than an hour. and ir IS thought
that within the next few days the in
vestlFz ION VIII De so Tar completed as
10 determine whether any one ls re-
spor sihIe for the leaks from the con
solidar6d stock service TO what are
known as IEe fast wires.
The Investigation which brought the
Western Union Company be[C-s the
grand sury fs based Cpon G. section Of
The penal code, which places upon wire
companies The responsibility of kno vtuE T
90 what use their leased wires are nat .
II is said that the Western Cn-5n F.
Company has exclusive contract with .
the New York stock Exchange 20 fur
u-sl quotations the stock EXchanEr .
then furnishes all It's members E-r1y. .
Lllau hers street an official cuotI ion .
service by ticker
BY the use Of fake quotations a MN +
Der or lea ks on this ticker service .
were eliminated and the question as 20 f
the source Of the buCker-sh1p quotation .
has been restricted 20 either a tap Of .
service by them W z Bishop, the Of
Gcial investigator Of the New York
stock Exchange, was also before the .
grand jury today
Double Wise System.
The Government experts in attend
ance at the Investigation today. com
menting upon a story printed in New
York this morning, declare that the
whole meat Of the situation Is 10 be
found In the explanation given by
New York broker OF the doubIe-wi-e
system
The two services involved in the PREF
enr Investigation are the Gold ard
Stock wire, which IS said 20 be a rznI-
fcatior CT one OF the larger uslezrapl
systems. and the Naier and Maria
wires Most Of the bucket shops take
both services. and IN speaking Of this
practice one Of the younger members Of
the New York Stock Exchange is re-
ported as saying yesterday in that city:
we use the lIaier service as a check
on the gold and stock ticker. We want
cd two strings TO our bow"
The operation of what IS termed as
a fast wire, usually Of the pirate
Glass; IS claimed by the Government to
be responsible for the success OF the
bucket shops CT the country against
whom the present war IS being waEed-
shops fitted with the fast wire
service and with the regular stock
exchange tickers, the Governments
experts assert. buy or sell the
stock according 20 the advance in
formation on the faster wires, while
the prospective customer has only the
benefit OF the slow consolidated ticker
service.