The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-08-08
Can Force Members to Clear
Mystery Of Account No. 500
at Frawley Inquiry.
JAIL FOR BALKY BROKERS
Mute Witnesses Get Last Chance
Observation-Disclosures Hear
Of Still More Checks.

ernor neglected to mention In his sworn
statement OF campaign receipts and that
another unreported check was used in the
purchase of stock from a brokerage frm
It was learned elsewhere that the Stock
Exchange may become factor In the In
vestgation OF MIR. Suffers alleged ven
lures into wall Street
Being asked what the exchange would
do II called upon BY the committee to as
sist in identifying Account No. 50O."
whicA Is said TO be the Governors account
board Of governors replied that the ex-
change had power to learn the name OF
the anonymous customer. 1t WAS his per-
sonal opinion that II the Frawley COM
mittee sought the aid OF the board OF gov
ernors in finding out who was the Gus
toner represented by Account No. 500"
1t would be given.
Under the broad power conferred upon
the board of governors by the con.titu-
tion OF the Stock Exchange II has almost
unlimited oversight of the business acts
OF its members affecting directly or In
directly the welfare Of the exchange II
can examine the books OF Q member or
require Information. There IL rule Of
the governing committee adopted in 1910,
whereby. II was said. Fuller 4 Gray could
be compelled to divulge the owner OF "Ac.
count No. 5O0." as responsibility for ac-
ceptance OF accounts under fictitious
name is fixed upon the broker. This In
the rule
THAT every member Of the exchange
be- required to use due diligence to learn
the essential facts relating to every ac.
count accepted by himself or by his clerk,
or representatives, and also relating 10 tha
possible use OF a name for the account
other than that Of the marty interested"
VIII Get One More Chs,ee.
The Frawley committee will know TO.
day whether II will have to appeai To
the Stock Exchange for help In getting
the information It wants for Melville
Fuller OF Harris Fuller and Frederick
~ No'"e,.' peieVed by the committee to
W. "oserhors agent IN the stock
N'' nave. one more ehance 10 an
w. ~ .'e aues''o"s "hi'h 'hey re-
answer IL theS are sun
80 ""e', '"eS appear oe'ore tne COM
a., = .o""s ."e! must go oeiore the
80, .'u,s .. M"e" II recohvehes on MONDAY
-" o,,s. .W a,'me' ~, .'"'e"p'' ihey were
Th. 80 ,,a 'a' y! one 'on'','''ee'
Sa",'.. -" .,, "As eor'ea Oh LOUIS
o,r,na,an ,,. NV, ~, 'eo' o'
,.a a., A,,an, -, ,.,. .. o ','.. ~
ren,v ~ onv ,"or,,s y" ~ ..a o
hapt.d ,or n. co,..rnn, let ~. ~s.',",
Alliance Trus, Comnanv A. ,ha ,o,. y.
;n,e,pre,ed nv tho cnr,r,,,,a. ona r',".s
Lamb Richards Jr n. coun.s, ~. fs.
is,ature NAV punish ,hess n,sr hy ,,,.
prisonment until the le9Islatiys session
i. ended and ons NJ tho ,ssi.,,,ors .a,a
Yesterday that tho ss..,on NM ,a., un,,,
next New Years nav Mr. R,chard. "a.
ceived M hint Yesterday fror, ,hs nh.
stinate witnesses as 10 whether a, M,
they would answer question. to.dav
In an innocently worded letter which
Chester &. Piatt. the Governors secre.
tary, sent to each member Of the LeEis.
lature on Wednesday there Is a hint that
the Governor will try to block contempt
proceedings against these witnesses or
tha, there was No o"or'rr whsn ,hs Iao