The New York herald., 1922-06-28
Chicago Liabilities Placed
at $1,25O,OO0, With 2,1OO
Clients Affected.
PROPAGANDA is BLAMED
Bull Movement in Mexican
Petroleum Also Said to
Have Caused Crash.


ruptcy was filed by three creditors
yesterday in the United States Dis
trict Court against the brokerage
house Of E. M. Fuller & Co. Of so
Broad street, a member Of the Con-
solidated Stock Exchange. The firm
was Immediately suspended by the
Exchange. According to the petition
the liabilities are 100000 and the as
sets about s25o,ooo. but according to
dispatches from Chicago the liabilities
Of the branch Office there alone are
more than s1.250.0oo.
The firm also maintained several
other branch Offices. None of these
had reported. and when their liabilities
are known the figures already given
probably will be largely increased. The
Chicago office was closed when word
of the failure was received from New
York.
Fuller & Co. occupied the eighth floor
Of the building at the Broad street
address, employing about fifty per-
sons. The crash was entirely un-
expected, and when the office force
reported for work yesterday morning
they found that during the night the
office furniture had been removed.
The head clerk notified them that
their service would no longer be re-
quired, as the house had gone out Of
business. The books. papers and rec
crds had been removed Monday night
under the direction of James Louis
Moore OF the law firm OF Hays, st.
John & Moore, counsel for the concern.
strnsburger Named Receiver.
Judge Julius NJ. Mayer in the United
States District Court appointed Samuel
Strasburger as receiver, with bond Of
$4,000. The petitioning creditors who
are represented by Francis L. Kohlman
and Carl J. Austrian of % Cedar street,
are Walter A. Clifford. with claim for
$4,000 for money lent to Ire firm; the
Seminole Printing Company. $500 for
printing and materials furnished. aid
John G. Kinzinger. $3.50 for services
rendered. How many other creditors
Blame for the bankruptcy was placed
on the propaganda of various agencies"
in connection with the Consolidated Ex-
change. according to Mr.. Moore. who an
nounced that the bankruptcy was FOR
the protection Of creditors.
The firm consisted Of Edward NJ Full
ler and William F. MCGEE. Both Fuller
and McGee are under indictment In the
United States District Court In connec-
tion with a charge OF having used the
malls to defraud. They have been out
on bail of $4,000 each since June 20,
1920. The indictment returned by the
Federal Grand Jury charged that Fuller
and MCGEE and four other defendants had
used the mails TO defraud in connection
with the sale OF stock and exploitation OF
the Crown OIL Company. a California
concern The others we're Charles ID.
Pratt. BENJAMIN V. Hole of Birmingham,
CAL; William r. Williams and b. y
Dawson OF sol West 18th street. The
case awaits a place on the court caien-
dar.
Indicted After nm Inquiry.
THE ,ndictnents followed an investiga-
tion made by Jerome Simmons. at that
time an Assistant United States Attor-
new. and the indictments were turned
over 10 Samson Selig when the latter
took Simons's place. Selig said yester-
day that he had been unable to bring
the case to trial because of other ousi-
ness.
Fuller. on June 49, had Miss Nellie
BLACK arrested on the charge that she
had caused a disturbance in his office
and had threatened to do him bodily
harm. He admitted. as did Miss Black.
that thsy had lived together IN TINS CITY
and others for almost six years, but
that they had disagreed recently and
parted. Miss Black later. according 10
Fuller. threatened to shoot him unless
he gave her 5000. Fuller's attorney,
Michael Delagi. told the court that
FULLER had spent more than $4,000 on
Miss Black. buying her costly jewels
and supporting ner. Road house par.
ties, beautiful clothes and jewels all
helped to dispose of the slO.ooO. II was
alleged. According TO Assistant Dis
Continued on Page Three.