The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1919-07-17
WALL STREET
y THIEVES FREE
Biggest Robber OF All May
Never Go to Jail
ny RICHARD spuIANE

Americas Foremost Financial Writer.
who Is n Special Contributor TO
! The Star.
IL a person steals from another. Is
lconNicted and sent to jail. the prison
term Is supposed TO balance the Of
Tense done to society. II the person
steals again. Is convicted and sent 20
7 prison. the punishment is likely to be
much more severe. II the person
fsteAs a third time. the offender is
tbranded as an hahitual criminal.
In New York recently, J.. Frank
Tally. man OF high education and
time ability. fled from his office leav-
ing his safes stripped of money and
ms customers likewise. lie Is said
TO have left deficit OF 81 900. 900 and
10 have 10000 creditors. nearly all Of
these persons who intrusted money
10 him. Not a few of these creditors
are women.
There Is nothing peculiar about
k11's case. He was a curb market
a. ator. There are many persons
N4th criminal record connected
with the curb market, The man who
has been the leading operator on the
curb has a record OF three terms in
prison and a recent criminal indict-
ment- Mr. Lilly put in a consider
ehle time studying the curb market
Defore he launched into business on
MS own account. He had been
superintendent OF schools In n West
ern state and professor of psychology
an Middle West university. His
method OF swindling was not new.
He played fair with his patrons for a
while. and got a big following. He
had every opportunity to make a
4 GOOD profit by being honest. but In
the company of sharpers he did as
\ Inc sharpers do. Instead OF transact
A1ng business. he "bucketed' the
orders of his customers. When the
market failed to wipe out his GUS
TONER'S. he wiped them out by fleeing
with whatever he could lay his hands
ON that belonged TO them in the
Ghape of money or securities.
a general alarm was sent over the
eountry for his arrest and the arrest
80 his associates. one OF these days
- will be captured Then he win be
<fted after all the laws delays have
zen worked in his behalf by his law
ere. Then. il he Is convicted. effort
thi be made for a new trial. III he
&oes TO Jail, 1t win be after years
Rave softened the memories OF the
wrongs he has committed. IL his
wyers are clever 10 high degree.
will never go to prison.
the statement of the district at
ey OF New York is correct. j..
Ink Lilly conn itted .l6. 900
tkimes. Every customer whose
uoney he stole was his victim. Yet
~ he ever goes to jail. he will go for
ruc offense. and the other 1899 will
To by the board.
s. Not one person out Of ten who
tractices the high art of swindling in
wall st. goes TO Jail. There Is no
place in the world safer for the Grim
|nal than the Wall ST. district. There
IS no place Where he can come from
jaiI. put out his sign and be welcome
~ he Is ION the curb IL actually
|N3 a fact that George Graham Rice
Eame straight from prison to Wall
"A latter being In prison twice be-
3ore). bought an old and staid finan-
81 publication. filled II with stuff to
s ceive and defraud the public, and.
hht accomplished. assumed the posi-
on OF leading operator on the curb.
"A The case OF ]. Frank Lilly Is unique
0nly in that he had been an educator
- long and had played so much of a
part in shaping the minds and lives
sof persons. If he robbed one person
Z q Wall ST.. he would be in danger.
~ robbing 10000 he is comparatively
onfe.
BY the unique operation OF the law
u America, there is less OF punish
lnent for many crimes in group
ken in single offense. no matter
many may suffer thru the many
les and how few in the one Of