South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-11-03
Betting Market in Wall St.
Has Been Rugged, Accord
ing to Opinion of N. Y.
Republican Paper.
''MATCHED ORDERS" ARE
NOT AGAINST ANY LAW
Fund OF a Million and a Quar-
ter Raised by MiIIionaireS
to Put the 6. o. P.
Candidate Across.


enced observers are convinced that
the election betting in Wall st. is
being manipulated in the interest of
Hughes. The change from even
money, the condition which prevail
"a few days ago, TO 10 70 S and even
10 to 7 in favor of Hughes has been
too precipitate to admit of any other
explanation. This theory is borne
out by the lavish manner in which
the wealthy hackers Of Hughes are
spending money 70 advance his
cause. the most patent manifesto
ton OF which is furnished by pages
OF advertising the interests are buy
ing in newspapers throughout the
country.
Those who have had any expert
ence at all with the betting market
ne convinced that il has been rig
geG." says the New York Globe, a
republican paper supporting Hughes,
in its market review last night.
Can Match Orders"
cit is indeed an open question
whether speculative interests. which
a week ago wanted 20 get stocks
down and this week have been
anxious 70 get them up, have not
been manipulating the betting odds,
There Is no law against matched
orders in the betting ring"
Everyone who realizes what is at
stake in the election knows that
Wall st could well afford to spend
ten millions TO return the repubh-
cans TO power. i'm the confident ex-
pectation Of overturning the federal
reserve act, and getting the power
TO create panics again in their
hands. 20 say nothing Of the pros
pect Of again imposing a monopoly
tariff upon the people.
Big Fund Raised.
The Evening World said last
ngiht:
Within the last two weeks a fund
amounting to s1.20O,000 has been
raised in Wall st. for the purpose of
putting Hughes over This fund is
not going to the republican national
committee. which bad raised nearly
S1.70O. goo 10 days ago, but is 10 be
expended by a committee represent
ing the donors of the fund acting
under legal advice as to how TO make
the expenditures without being com
PEELED under the law to deliver a re-
port.
This fund today was reflected in
the odds i'm the betting. Money used
I'm this way cannot come under the
federal scrutiny Of campaign eN-
penses.
"A firm OF wall st. lawyers heavily
and multimiHonaire magnates inter-
ested in western mineral projects
are said 20 have framed up the plan
and engineered the gathering of the
fund The law firm is said to have
collected more than $4,000 alone
Interested in the fund are some OF
the men who handled the Hartman
fund Of S250,OOO In 1904 10 such
good effect that, according To MT
Hartman himself, $4,000 votes
we're changed in New York. amount
ing to an increase OF 100000 in the
vote for Roosevelt
Tell Their Plans.
The finanCiers who thought out
the plan of In dependent expenditure
OF "a million and quarter OF dollars
in the interest of Hughes, were
frank in telling their plans 10 inter
ested persons, according 10 the re-
ports which reached the democrats
They simply said that unless a huge
sum OF money was raised Wilson
would probably be elected. and If a
huge sum OF money was raised il
was a reasonable certainty that
hughes would be elected.
1T Is said that a part of the fund
has been turGeG ever to the com.
bination VII Oh viii spend $500, O0(
in advertising In the windup of the
campaign 10 countegbalance, III pos.
sibIe. the effect o. Henry Ford's ad-
Nertising campaign in behalf OF
Wilson.
AS much money as needed vii
be used 20 win back the labor vote
the democratic committee hears
This work is in the hands of eff.
cIent organizers, who have beer
Goinc big things all their lives.
THE idea is 90 approach each of
CONTINUED on PAGE -FOUR