The Birmingham age-herald., 1910-12-16
BROKERAGE OFFICE
 RA|DED IN CHICAGO Government Officers Close Up
 Investment Concern GOING AFTER OTHERS The Capital Investment Company Is Claimed to Re One of the Biggest
 swindIing Schemes of the
 Present Day
GOING AFTER OTHERS

morrow upon 26 branches of the Capital Investment company, scattered through
 the middle western states. Following the
 sensational raid on the main offices and
 tour branches of this company in Chicago
 and branches at Joliet and Aurora, H.,
 today, this roundup will mark one of the most extensive movements in the history of the governments war against alleged get rich-quick concerns. Action tomor- row 1t is said, will be taken in the fol- lowing cities:
 Milwaukee, Racine, and Green Bay Wis; Detroit, Grand Rapids, Kalamazoo and Lansing, Mich; Davenport and Mus eatine, Iowa. Rockford, Elgin, Monmouth, Galesburg and East St. Louis, Belvidere, and Dekalb, Ill.,; Indianapolis, Anderson kokomo. Muncie and Lafayette, Ind; Louisville. Ky, Cincinnati, Ohio and St. Louis Mo.
 According to agents of the department Of justice. the Capital Investment com pany controlled 5000 miles of leased wires to supply their branches with news of the New York stock market and doing a business of more than 100O0,O00 annually. It is said that on one 10-point break in the market the concern netted $6OO,O 900 in single day.
 The government alleges that the firm dealt with it's customers on a basis of heads win, tails you lose" In this con nection federal agents say that the com pany controlled two fast New York wires which were beating the ticker with reg ular market quotations by from three to five minutes. With this advance infor- nation. the men in charge of the com Panys offices would decide if orders would be filled. The government charges that the concern bought no stocks out right, but took commission on all orders
 ana then played the 'longs" against the shorts"
 Although operated at a loss six months in the year because of it's extended wire service and many branches, the concern is said to have been a big payer at the end of the year. It has recently been dealing heavily in cotton. This concern is a successor to the Ham nond Elevator company, which did a big bucketshop business for a number of years. The principal offices of the Eleva- tor company were at Hammond, Ind. until the operation of such a concern in that state was made a felony. The Ham rond Elevator company was then dis solved and the Capital Investment com rany was organized under the laws of Illinois.
 Among the warrants that have not been served in connection with the case are those for Salmon Nellie and William R. Holligan of New York and William J. Lloyd, district traffic manager for the Western Union Telegraph company in | Chicago. It is expected that F more ar rests will be made here. | At the federal building tonight it was | said that the Capital Investment com
 pany case would be taken before a fed oral judge and indictments asked by the United States district attorneys office. Thirty policemen and 15 special agents of the department of justice made the raid
 Telephone and telegraph instruments were torn out blackboards and books
 were piled in heaps to be removed to the federal building. The concern occu- pied nearly a quarter of the floor and about 50 clerks and managers, hard at work when the raiders appeared, were
 arrested.
 Besides the Capital Investment com
 pany the following alleged bucketshops
 were raided:
 F. J. Hozapel, Campbell & Co.,, Mur- phy & Co.,, Sanderson & Co.,, M. J. Mason & Co.,, Joliet, H.; J. l.. Dflkes & Co.,, Au- rora. III.
 Telegrams received here say a federal agent left for Jacksonville, Fla, today
 to arrest Nellie
 Although the offices other than the so- called main offices were doing business
 ostensibly as individual concerns, the gov
 ernment officials charge that they were In reality branch offices of the main concern. Among the score or more pris- oners taken was R. H. Nellie, a brother of Salmon Nellie.
 This marks about the end of the so- called 'bucketshop raids said Mir. De-
 woody after the raid. This was about the last large concern suspected. This com
 pany had branches in Illinois, Indiana,
 Iowa. Michigan, Wisconsin, Ohio, Mis- souri and other states. The branches went by different names. but they re-
 ceived their quotations from the main
 office"
 The specific letter named in the com plaint is therein declared to have been mailed December 8, 1910, toAlex F. Robi- son, Matteson, Ill., other letters unnamed are spoken of.
 | All of the employees arrested at the time l of the raid said Salmon Nellie was no | longer connected with the company, but | the federal officials denied this.