New-York tribune., 1911-03-25

agent
Simmonds was testifying in regard 10 the
various accounts on the FIRMS books In
answer 10 questions by 4. s Werbln coun-
sci for tho - ceiver, the witness mentioned
the "Anchester and Scarborough account"
and others.
How about the Nicholson account"
asked Worblin.
Witness Shields Man Higher Up.
81 could tell you about it. but II did II
might get person in a confidential POSI-
tion into trouble II was NOT a house ac-
count" replied Simmond,
The witness was excused from further
describing the account.
Simmonds testified that he entered into
an agreement with Henry Anchester,
former emplOye of Il. II. scheftels & Co.
who turned states evidence against that
firm al the time OF the raid by SCARBOROUGH
last summer. by which Anchester promised
TO furnish whatever capital was needed
He and Anchester had Joint accounts and
were TO share equally in the profits Of the
firm. Smmouds did not think lie was now
insolvent. lie could not tell offhand what
his assets and liabilities were. but thought
the Consolidated Exchange firm. Tho ac-
counts ought 10 amount 70 between S65 800
and $1,000, and he had placed them in the
hands Of an attorney for collection.
Anchester was called as witness. and
hts attitude was SO hostile al times that
Commissioner Alexander cautioned him 10
answer the questions and not quarrel with
the receivers counsel lie said he had
never put any money into an account with
the firm except in the "Anchester and
Scarborough account" He had put s50D
into that account, he thought. lie had
"hoCked" his diamonds last summer in
order to loan Smmonds s2Ja. which the
latter had paid right back. He couldn't re-
member any specific agreement with
Smmonds about enumeration, but sd-
mitted that he had gone around as often
as he could Saturdays 10 get SlO0 and
didn't always get IT, Asked by counsel
what he had done as an employe OF Sim
mcrds he replied laughingly: Built up
the slckest wire system in six months you
ever saw"
John J. Roach, o. No. 645 81. Marks
avenue. Brooklyn. formerly employed by
Simmonds "a business getter." told
his story on the witness stand Of his con-
nection with the firm. and said he had
left the place when his eyes had been
opened" and he knew that "Anchester and
Simmonds were not only conducting a
bucketshop business but were crooks, as
well"
Roach said that last week he had gone
to President Jarvis Of the Consolidated
Stock Exchange on behalf OF a customer.
and complained about the business
methods Of the Simmonds firm.
Says il Made Jarvis Laugh.
What did NJ. Jarvis say?" asked Mr..
Verbnn
Jarvis simply laughed said the wit
ness. He said that what I told him was
not enough 20 warrant an investigation. I
told him that Simmonds would take an
order TO buy 100 shares of stock in the
morning for a customer, sell II out in rie
afternoon. stand on tho trade and use the
customers money
When Roach's testimony was called 70
the attention Of M. Jarvis after the hear
ing. he denied emphatically that Roach
had told him any Of these things. He said
Roach had appeared as complainant
9gainst the Simmonds firm. hut had gone
before p committee. The exchange com
nittee had investigated Simmonds's affairs
and decided that the broker had not sun
clent resources 10 do business. hut found
mo- evidence of bucketshop dealings.
Roach ended his testimony with the story
Of a visit 10 his home In Brooklyn OF Two
men who attempted 10 bribe him for
so.c0 10 take one Of the Scarborough
checks ont ~ the Simmonds office.
Red Letter Sullivan came 70 my home
with Pete Clark. who had been intro
duced IN me- a. a reputable member OF the
consolidated Exchange" Roach said
They told NE that they represented SD
Nellie. whose bucketshop was closed In
chicago the celia brothers and George
Graham Rice. They told me that u would
tako the Scarborough check out Of the
o4ce and give it 10 them they would give
mo $1,000 told them never DID thar
sort Of business. and punched Clark ana
tbev both left the house hurriedly-
Reilly, the bookkeeper. was called "a
uI,ness before Roach testified. lie hsd
saa, dismissed on February % because
.ho Arm, wished TO cut down expenses. lie
toId Of a private ledger he kept that had
disappeared. ,r,...-.
The hearing was adjourned until Thurs
dav al J. a. IN.