New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-04
WATCHING OTHER FIRMS
Bucket Shop CampaignerS by No
Means Through Yet.
MINING SHARKS TURN NEXT.
Detectives Expect to Arrest To-
day More of the Men
Under Indictment.

Central Office detectives have by no
means finished their work against bucket
shop transactions i'm this city. II was said
yesterday that many other firms here were
under suspicion of being shady in charac-
ter. 1t was added that they were being
closely watched, and despite the dif1culty
Of getting evidence OF "bucketing' orders
it was considered not unlikely that some Of
them might come TO grief through police
action.
II was also reported yesterday that the
Department of Justice at Washington
would soon begin a campaign against wild
cat mining promotions. Millions Of dollars
have been lost I'm such schemes. Companies
have been able to incorporate and issue
stock for immense sums when develop
ments proved that they had only a few
acres Of worthless land as assets and when
proof was not lacking that the promoters
themselves were we'll aware of the real
value or, more truly. lack of value, of their
property.
1t was said that the Bureau Of Investiga-
ton of the Department of Justice has this
subject under consideration and even has
collected a certain amount of evidence.
How and when the attack will be begun
could not be learned.
Postoffice May Act.
The Postoffice Department could furnish
the investigators with valuable informa-
tion, as most Of the so-called wildcat
mining companies depend on the mails to
bring them business, as they dispose of the
greater part Of their stock to country
people.
The object of such an investigation would
be twofold. first, to expose existing fraudu-
the way for legislation which would make
it. if not impossible, certainly more diff
cult to launch them on the public in the
future.
No further arrests were made in the
anti-bucket shop campaign here yesterday.
Detectives searched the city without avail
for the four men who are supposed TO be
i'm New York and against whom warrants
were issued. The indicted men had dis
appeared and left no trail.
Detective Nelson, of the Central Office,
said yesterday afternoon, however. that he
felt confident the men would be arrested to-
day, either here or elsewhere. McConville
and Nelson have been working for weeks
10 secure evidence against +. :. BoCgs &
co. and the Standard Stock and Grain
Company, but the fact that these concerns
operated through the Consolidated Stock
Exchange OF Philadelphia made their task
unusually difficult
Cigarettes for Women
Their investigation Of L. :. Bogrs & Co.
showed that that firm was DESTROYS of
building up large business with women
And it seems that il was successful in this
In its branch office I'm the MarbridEe Build
ing, which was closed before the raid on
the Office az No az Broadway on Saturday
every arrangement was made for the con
vcaience of women. II Was said that
cigarettes were furnished gratis to those of
the type Of new woman who affect the
weed.
Detective McCOnvillc said the same was
true OF the branch Office in Brooklyn. man
aged by Oliver J. Robinson, who was ar
rested ON Saturday. This was another office
where free distribution OF cigarettes cigars.
IF prcferrcd) 10 LADY customers" was a
feature.
The police arc delighted with tho way i'm
which Saturdays raids were carried out
1t was necessary said Detective Mel
son. ''to act exactly at the same time i'm
each city I'm which arrests were to be made
With the quick wires in the ofIicee of the
different companies the first office bounced
upon could have warned the others instant
ly, 50 that If the raids had not been made
simultaneously there would have been "A lot
Of empty nests when the police did arrive
Even as II was. one or two Of the mon
named in the indictments may cyadc arrest
for a time"
IT is believed that Saturdays raids will
put a wholesome fear of the law into the
hearts Of certain firms which may bo in
clined TO waver from the straight aud mar
row road