Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-01-31

Here is little the news of the day which indicates
rather clearly ought be carried in Wall
Streets stock exchange-and without delay
A. L. Beavers robbed a OF
bank as usually And he stole from the trusting midi
viduas whose money in that bank
1t is stated casually a million
York cy-he which that he gambled very heavily
n stocks.
In connection with this of robbery and of the receiving Of
stolen goods by stock exchange firm mentioned that the firm
thought him wealthy.
We do especially cricise they simply done
this what the stock brokers do rulepermt
gamble questioning the
money that S spent whence it
why should this be permitted?
Why should brokers be compelled do than think
that gambling half million in their Office is
wealthy?
Every stock broker knows perfectly well that men that steal on
big usually their stealng the stock brokers' office
Every the United States knows that the usual story
big robbery widows and orphans the rob
berry of bank by official is money lost in Wall Street
they number thousands
Would it be good thing protect the public BY COM
PELLING THE STOCK EXCHANGE MEMBERS TO PROTECT
THE PUBIIC2
When takes stolen watch a pawnbroker borrows
money though the pawnbroker may lend the in
good faith the of the watch get his property back
The public and the laws say to the pawnbroker You know
your which thieves You know that
property your hands We intend that
shall be very careful therefore when you lend money
ery that stolen you do risk and must give
back the property when the rightful owner appears
Exactly the same thing should be said to the Wall Street
ers to all stock exchange brokers.
They know perfectly usually find
their way to their offices.
They know perfectly we'll that if they were espon-
extremely careful the of the money gambed
brokers through whom this bank thief gambed his stolen
money felt that they would be held responsible the
money stolen they would have done than THINK that
the bank thief wealthy
They would have ASKED WHERE he got money And
they would have INVESTIGATED his reply
Let no stock exchange broker by the way deny
realize how apt stolen money is to find its way their office
the stock exchange forbds broker under pain of
losing high privilege OF PERMITTING THE EMPLOYEE OF
ANOTHER FIRM TO GAMBLE IN HIS OFFICE.
No exchange broker allowed permit the employee of
any other stock exchange broker buy sell soctha is
say. to GAMBLE in his office
WHY?
Because the brokers know perfectly well that the employee
another firm employee their firm deals in stocks HE
BECOMES \ GAMBLER AND IS EXTREMELY APT TO BE
COME A THIEF.
rules the exchange protect the stock brokers
The brokers among themselves that they will pro
exchange offices.
If broker violates this he goes
Why should not the general public through laws passed IN
legislatures themselves and their employees, AGAINST
WALL STREET SPECULATION. AND ROBBERY. at least
carefully the stock exchange brokers themselves
Every broker should be held responsible for stolen
every broker should be compelled refund stolen funds when he
allows them to be gambled away in his Office
This hardship, but of hardship than
compelling pawnbroker the watch upon which he has
Lent money good faith.
Let the broker who money defauItng
the deautng like the pawnboker who takes
watch from the pckpoket protect himself by careful
There IS the first step genuine stock exchange reform
1t Will keep honest. at least of them will protect
trust funds and thus protect the beneiciarir>