New-York tribune., 1910-05-01
Government Men Put Bucket
Shop Headquarters Out
of Business.
POUNCE ON THREE PLACES
Effect of Cutting Thomas Mar
rims Wire Felt by the
Consolidated Stock
Exchange.

room near the POstOffice Building. They
set their watches alike to the second.
Then they parted. AT 1906 o'clock three
places were raided. one in Jersey City,
one at No. 6S and another at No. 44
Broad street Almost Immediately after
ward the telegraph instrument in the
Consolidated Stock Exchange which re-
ceived the quotations upon which busi-
ness was done ceased it's clatter.
There was instant confusion upon the
floor OF the exchange. A mechanic was
sent post haste to No. 44 Broad street.
whence the service came. He ran up to
Room No. 8. where the names Morrison
& Maier. with the words Stock Bro
kers" shOne in gilt letters on the door
The mechanic was led gently away by
Mr.. Scarborough. Frank Mailer. of the
firm, was under arrest, and about TO be-
taken to the Postof1ce Building by De-
tective Barney McConvilIe. He had
come as the door was forced and tried
TO run away, but was captured The
numerous telegraph instruments in the
room were a tangle Of wreckage. The
wires were dangling unattached, their
usefulness gone.
Down at the Consolidated Stock Ex-
change business was suspended perforce-
When the quick wire service of the ex-
change was put out of commission every /
bucket shop in the country, large and
small. lost it's means Of communication
The simultaneous raid had killed the
source upon which they depended. IL .
was the most important step taken so :
far by Attorney General Wickersham IN 7
his determination TO abolish bucket
shops and the Illicit use Of the telegraph
service. But the final cleanup is still
to come.
Marin Escapes Arrest.
One branch Of the work OF many weeks
under the direction of Stanley W. Finch,
who Is the head Of the bureau Of in
yestigation Of the Treasury Department,
the superior of Mr.. Scarborough, was ae-
compIished when the raids were made.
In Jersey City Police Inspector Larkin
descended on the Office of Thomas Mar
rim, No. T6 Montgomery street. who was
described on the door as member OF
the New York Consolidated Exchange.
Joseph Becker. one of the most expert
telegraph operators in the country. was
arrested. and the wires were cut. He
was held under So, 500 bail Marin was
I'm Philadelphia. where he lives.
Lieutenant Donohue led the raid on
No IS Broad street. where William A.
BRYCE has an Office in room No. 90 Mr.
Rrvce has contracts to furnish soap to
hosnitaIs under the control Of the city
Tnl
Company ticker in the room- The wires
were cut, putting the place out OF ous1-
ness.
The three men who met Mr. scar
borough were McConyille. Dononue anu
I.arkin. To complete the evidence IN
his possession the government treasury
AGENT decided that the raids should Do
made after the regular stock business
v-ss under way. The watches were set
,1t,,o co that the action might be simul-
+araous No raids were made in other
cities because Mr.. Scarborough knew
that all places in the East dependeo
,,noD the Marin service. as II was called.
for nuntations He lSneW that Win tno
cutting of the wires in the offices IN TINS
o,t,, and Jersey City the source would
be destroyed
a Ssr1pIe OF the Warrants
None of the men whom the govern
rnaut Was seeking was under lndletIueHt-
Warrants we're sworn out by 21T scar
horoueh for use in this city, and oy
UtIliam T Mcintyre. one Of his aids, IN
Jersey CITY The Maier warrant IS y
sauDIe of the others 1t charges tnat
on August Is. 1909. he entered into .
conspiracy with Louis Celia, Edward
AItemus and Henry Duryee to conduct
a bucket shop at No. 142o New horS
avenue. Northwest. Washington. and III
the course of the operations mace con-
tracts for the purchase and sale on mar
gins of shares of stocks OF the Uilo"
Pacific Railroad. the Reading Company
and of the American Smelling ana re-
timing Company. in violation of the fed
eraI act of March. 1909. against ouckee
sbops. A deal with G. $. Ely on January
"a in washington was the overt ace
charged. Maier gave 5000 bail before
United States Commissioner Shields
The government had been Eaffied in 50
search for the quotation source in buchrt
shops for nrteeu years II was mJ5-
terry that evaded every secret Service
agent put on the ease. II is a mystery
no longer. u was known that the bucket
shops received the market reports 1roiu
five to fifteen minutes before the Ilck'Us
reeled them off That made it safe I0r
them to bucket the orders and sWlnais
the operators 1t was a gamble Tor the
margin speculator. with the odds reSn-
Iarly against him
Mr. Scarborough was willing TO say
that the secret was out. He IS tnin.
vtrv man. with keen eyes and nervous
manner. He cannot sit still long enough
to spin a yarn. But there are others who
know and can tell. They told the story
Marin was said 10 be the head OF tiis
business of furnishing the service anu
il waS added that his Jersey CITY ONCE
vas the headquarters Morrison SS
o1aIar. AT 30 Af Broad street, were tne
New York agents Morrison went out oe
the arm on the first OF this year. From
.hat time Mailer vas The partner of Mar
RIA. Marin had a brother. Frank who.
as Judge Franklin Stone. was mixed I'D
In cotton swIndls In Philadelphia about
fifteen years ago.
There was complete telegraph outns