Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-02-09
Stock Exchange Committee OH
Columbus and Hooking Pool
Find Several Firms Deserve
Severe Condemnation"
NOTHING MORE SERIOUS
IN INVESTIGATORS REPORT
Hugh F, CrisS, Board Member
of His Firm Gets Only Indivi-
dual Criticism, Because He
Used offensive Language.
lBy Morning Journal speciaI Lsa.ss wlrei

tBy Morning Journal Snecai Leased Wiref
New York Feb S. several firms
merit severe condemnation for their
connection with the Columbus 4
Hooking Coal and Iron pool which
collapsed January ~ causing three
stock exchange failures Nothing
more drastic than this can be found
Ia the wording of the report Of the
special committee OF the exchange,
made public tonight
The report gives the names OF all
the participants and The number ol
shares they subscribed for and shows
tl}ai IN reality two pools existed The
names mentioned include some OF the
heHt known firms doing business on
the exchange in addition 70 Lathrop,
HasAins & Co, j. NJ, Fislc 4 CO., and
Roberts Hail & Criss who We're forced
10 suspend by reason of their entan-
elements in Hooking stock.
The parties to The pools are given as
foltoWs
Pool No. I.
Newberger Henderson Loeb, 500
shares. J. NJ Fiske & Co. 1000
shares MarSoe q Morrison. 800
shares assumed by Lathrop, Haskins
4 Coz James K. Keen, S,500 shares;
Lathrop, Hasllins & Co. 5000 shares.
Rollins & Co. ] 900 shares (fOr ae-
Day. Adams a CO., 1000 shares 0or
account Of Lathron, Iiaskins a. Coz
JeWett Iros. 000 shares CfOr ac-
count OF Lathrop. Haskins Il CoD T.
j. elias & Co. 000 shares tfor ac-
count of Lathrop. Haskins a Coz; to-
tai $500 shares
Pool Ne. ..
Atwood. Violet q Co, 900 shares.
Wagner Dickers0n 4 Co. 1000 shares:
1 .ttI mi 81
j. NJ Fiskc Il Co, 1000 shares Jas,
r. Keene. 1000 shares Lathrop, Has
kins & Co, 1000 shares. Tucker. An
thony & co, 900 shares (lOr account
of Lathrop. linskins 4 co). Van
SChaick, l000 sharestfOr account Of
fathrop, Haskins q Coz total 90,
900 shares
Hugh f. Criss, board member OF the
Iirm OF Roberts, Han 4 Criss. became
ho specialist In the stock, says the
report, after an interview with James
r. kecne, the supposed manipulator
VI the pool The interview was held
N the presence Of members of l.ath-
rop, Haskins a Co. the pool managers
md Criss, the report adds, received o
heck for $4,000 for any contracts
lc might make for the pool
Much of the evidence taken by the
is admitted TO be conflict
ng, especially that relating 10 the
Of pool orders. II ap-
pears, however. that J. NJ lciskc q 90, .
made no repudiation Of the purchases
made in their name by Criss but that /
A. j. elias q Co, Rollins & CO., and
Day, Adams & Co. accepted and paid
pnly for stock bought on their di-
'cct orders
The report concludes,
Your committee reports that in its
opinion the conduct Of Day Adams &
'o. Rollins & CO.. and 4. j. Elias 4
20. In rejecting the reports In ques-
ions and disclaiming responsibility
or the transactions reported thereby
vas fully warranted by all the rules
nd practices Of the exchange ana
hat the members OF said firms are
ubicct to no Just criticism therefor
1T appears that Mr. Criss tor his
rm. Is responsible to all sellers for all
urchasers which have not been ac-
opted and paid for by others ana the
laims Of his firm against Lathrop,
Iaskins a co.
The use by Hugh r. Criss Of of
'nsive language In relation to the acts
{ Day, Adams & CO.. A. j. Elias &
o.. and Rollins d CO.. was not war; ',
inted by the facts and merits severe
THE acts of the stock exchange ,,
rms in subscribing To the Columbus
Hooking Coal q iron pools for ac-
nunt of Lathrop Haskins q CO., !
hereby practically lending their nam
3 TO this undertaking. aiso merit Sc
ere condemnation"