New-York tribune., 1922-06-28
Assets of Biggest Consoli-
dated Exchange Firm
Are Estimated at From
S250.000 TO S35O.000
Hundreds of Small
Traders Hard Hit
Firm Had Branches in .
Large Cities Scattered
Throughout Country

T. ". Fuller & CO.. tho largest house
on :hc Consolidatcd Stock Exchange,
0ith thousands OF small traders among
its customers. went into bankruptcy
yesterday The members Of the firm
named IN the bansruply petition arc
Edward VI. Fuller and William J..
Niece. STEADY withdrawal OF accounts
by frightened customers who have
studied The annals OF reeen, brokerage
failures BE- said 20 have been the direct
cause Of the failure.
The oompanys liabilities arc esti-
mated NJ $500. 900 70 81 100000, and its
assets az from 'e5o,Qoo TO s55o,ooo'
Among the small accounts on the books,
IL was said yesterday, were many repre-
senting trades Of only FIVE and ten
shares.
Tne involuntary petition IN bank
fuptcy was presented 10 Judge Mayer
IN the United States District Court
who appointed Samuel Strasbourger. o.
- Broadway. receiver Mr. Stras-
bourger said yesterday that he had
had no opportunity 10 examine the
books Of the concern. Tor the reason
that when the Consolidated Exchange
opened FOR business yesterday morn
ing and announced the failure IL was
found that the books had been re-
moved and only thc furniture re-
NAMED. Outside OF tho firms Offices on
The eighth aoor o. 80 Broad Street,
ffty odd employees we're gathered, to
whom the failure was a surprise.
Lawyers Have Books
Mr. Strasbourger said tha. he had
been informed by +. II. Fuller { Co.'S
attorneys. Hays. s.. John & Moore.
.aat they were in possession Of the
hooks. and that the receivers account
ants could examine them NJ their OF
ices. Accountants were put 20 work
20 once.
Tnc creditors mentioned In the pc
tition are Walter 4. Clifford. money
loaned. $1,000; Seminole Printing
Company. $500 for printing. and John
g. kinzinger. said TO be an employee
OF tho firm. $3.50 for services rendered.
Tho Fuller company had branches M
,hc Hotel Theresa. Seventh Avenue and
i95,h street. and IN Philadelphia. Bos
ION. Chicago. Cleveland. San Francisco,
Denver. Uniontown, Pa. and Ne~afN.
n was stated yesterday on good au-
.horitv that persons VINO represent
mower m politics had cndeayored un-
successfully 20 induce tho New York
Stock Exchange 20 put Us stock tcS
ors In the ofico Of Fuller & CO. and
other Consolidated Exchange firms.
James Louis Moore. of the attorneys
Tor the Fuller firm. said yesterday u
nai been in business for eight Yeas
ard that tho failure had been due 20
the pressure resulting from 'propa
rarda which had appeared IN tho
newspapers and magazine concern
inc the Consolidated Exchange.
Hopes TO Pay Claims
p, f.. impossible % give even an
anpronimaic estimate of the assess
and liabilities ~ this time, he said.
"r BE- honcd that tho estate will he
sufficient 20 pay large part % .nc
claims. hut u will take AN audit 81
months. perhaps. 20 determine Just
what tho assets are
less than tao weeks ago T.. VI.
Fuller. head o. the firm. preferred IN
the Tombs police court a complaint Z
disorderly conduct against Nellie Black.
of ei5 Wcs; Seventy iy'hfth Street. Miss
Rlacs was represented by counsel, WHO
characterized Fuller as low. dirty
liner" who chad been eheatcr all
his life. after the broker had said that
Miss Black had not oniy refused 90
leave his Office when requested. but
had threatened 20 assault him
The names of Edward u. Fuller and
". p McGee. of 30 Broad street. were
lated in an indictment charging con
spiracy 70 defraud b. using the mails
IN Tho Grown OI Company case on
Jrrc q. 1920 Trc other names men
toned ~ the Indictment were tie
Crown Oii Company. Charles j. Pratt.
Rcnirmin y. Hole. OF Bu.llnghsm.
Calf. william r. Williams. y. y Dawy..
son OF f0i Wcsi ii3tn Street Al
named we're released m $4,000 Dali
and arc sfiii awaiting trial