The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-12-16
CHICAGO BUCKET
SHOP IS RA|DED
Federal Officers Descend Upon
Establishment of Capital
Investment Company.
EXCITEMENT IN CENTER
OF FINANCIAL DISTRICT
Branch Offices in Many Towns
Will Be Visited by AuthOri-
ties Today.

CHICAGO, Dec. 15.-United States
secret officials here today raided the
offices of the Capital Investment com
panv. as bucket shop. The main Offices
and four of its branches we're visited
and papers and records conhscated.
"Sid Nellie is said by federal of.
hcers to be the chief owner Of the COM
panv He is believed to be in Florida.
Charles F Dewoody of the depart"
nent OF Justice, had charge OF the raid
ers who swept into the Rookerv building
in the heart of the financial district at
noon
No warrant had been obtained by
the government officials for the arrest
of Nellie. AS soon as the contents of
rho Office had been seized a telegram
from Aurora, H., and one from Joliet,
III. announced that simultaneous raids
had been successful, many papers and
records being seized.
Has Many Branches,
The firm is said 10 have thirty-three
branches in the middle west and to
have done an extensive business in the
buying and selling of stocks. Although
government officials were non-commit-
tai they identified their efforts as
quick concerns.
Thirty policemen and fifteen special
agents of the department of Justice
made the raid on the main Offices.
When the raiders arrived at the of
fees the telephone girl asked what was
wanted.
"We want the whole works.
shouted Dewoody and at his words
policeman lifted the "hello girl' from
al
calls; in OF out
DewoCdy ran through the rooms and
drawing his revolver shouted
''Take your fingers of your telegraph
KEYS and back up against the wall.
TIE tbrong of policemen and special
agents had poured into the room behind
him and the operators obeyed, prevent
ing any warning or tip to Offices out
Angry customers soon began to ar,
rive 20 protest against refusal of the
company TO answer their telephone
calls and these were served with sub
poenas. 10. appear before the United
States commissioner late in the day.
Besides the Rookery building Offices
the following alleged bucket shop of.
fees were raided here: F. j. Holzafel,
2S5 Fifth avenue.
Campbell e. Co., Postal Telegraph
building
Murphy & Co, % LaSalle street.
Sanderson e. Co. 335 The Rookery.
The specific charge on which the raid
was based was using the United States
mails to defraud.
More Raids Planned.
Federal agents tonight prepared TO !
s1oop down tomorrow on twenty-sIy |
branches OF the Capital Investment com
pany scattered through eight middle |
western states. Following the raid on |
the main offices and four branches OF |
this company In Chicago and branches at |
Joliet and Aurora. NJ. today. this round
UP will mark one OF the most extensive
movements in the governments war
against bucket shops. Action tomorrow,
II is said VIII be taken in the follow
Bay. Wis: Detroit. Grand Rapids Kala- |
mazoo and Lansing. Mich: Davenport i
and Muscatine. Ia. Rockford. Eldn, |
MMGTmor.h: MsInSors nS GIIss9grg hs East 81, Louis
Anderson. kokomo. Muncie and Iafav- |
cite. Ind: Louisville, KY: Cincinnati. o..
and st. Louis. Mo.
According TO the agents Of the de-
partment of justice. the Capital Invest
ment company controlled 5000 miles of
leased wires TO supply branches with |
news o. the New York stock market, and |
was doing n business of more than $40
600 600 annually. Fl is said that on one |
ten point break in the market the con-
Germ netted sson,ooo in single day
No Chance for Customer.
The government alleges that the firm
dealt with its customers on n basis az |
heads l win. tails YOU lose" In this |
connection. federal agents say that the |
company controlled two fast New York |
wires which were beating the ticker" |
with regular market quotations BY from |
three To five minutes. With this advance |
information the men in charge of the |
companys offices would decide whether |
orders would be filed. The government |
charges that the concern bought no