The New York herald., 1922-06-02

making $85 week as a bookkeeper
before he went into the Hughes & der
concern that he received $50 week
when he first went there and that so
valuable were his services TO this blci:et
shop that his salary was advanced until
at the end he was getting $500 week.
1t also should have been brought cut
that while his income for two years
from his salary, and on which he paid
his income tax, was only about $4,000,
he and his wife saved" in the same
length OF time more than 100000.
Andrews himself has testified to this.
Andrews Got Many Presents.
1t was previous to the investigation
into the "comeplete business history
of Andrews by the Consolidated that hs
received. as he has testified. $4,000 as
Birthday present" from Hughes
DER. 1t also was previous TO that in
vestigation that he drew the firms
checks. payable TO himself for more
than $40. 900, in amounts for which there
has been found. UP to the present. no
credible explanation.
1t may be possible that the nvestiga-
ton by the Consolidated in the busi-
ness history of Andrews showed all
these things and the many ramifica-
tions of his work for Der in the course
money from other brokers. But what
ever the complete investigation"
showed, Andrews was admitted to the
Consolidated and is now member,
presumably in good standing.
The case of Percy Thomas is not so
clear for the reason that Thomas has
disappeared. Andrews was asked II
he had seen Thomas and replied:
mo. | haven't seen Percy for some
time"
TbOmas's Office Near Dier's.
Thomas, member of the Consolidated.
had an office in the der offices or
nearby. The trustee Is asking An
drews and other witnesses whether 1t
was Thomas who supplied the Dier
bucket shop with quotations he re-
ceived from the Consolidated Stock
Exchange after Dier's own tickers
were taken out, and thus made it pos
sible for Dier to continue the business
that resulted in failure with assets OF
100000 and liabilities of s4,O00.000.
But it is not alone in the connections
between the Consolidated and der &
Co that the various committees of the
Consolidated seem to have been in poor
luck in carrying out the regulations un-
der which. supposedly, the Consolidated
is operated. There are other names
on the membership list that might
cause comment.
There is, for instance, the name of
II. NJ Fuller of II. NJ. Fuller & Co., so
Broad street. admitted to the Consoli-
dated and receiving the prestige that
went with that connection, February
81 1920.
In 1903 Edward NJ. Fuller was ar
rested in the Park Avenue Hotel
oh xrifh nh it,i,, da,~
false prtenses. he having taken $50 in
marked bills from the manager Of that
hostelry in connection with the time
honored scheme of raising money for a
"home for Journalists" He had letter
heads of the international League of
Press Clubs of which no newspaper
man knows, and lists of names of prom
inent people with amounts opposite
each name. THE Sun printed fun par
ticulars of the case at the time.
Then there Is Henry c. Stump of Scott
& Stump, now in bankruptcy. He was
admitted to membership in the Consoli-
dated, according to the record, on No
vember 6, 1919, presumably after the
membership committee had carried on
its investigation in accordance with the
rules
But did the membership committee or
the governors of the Consolidated learn
that a Henry c. Stump had been in
dicted in the District of Columbia in
January. 1913, for bucketing? And IL
the membership committee did not know
IT, did the ways and means committee,
which. according to Mr.. Silkworth is
constantly investigating, ever find it out?
had Records of Many Members.
There are other and similar cases
which THE NEW YORK HERALD has in
formation involving men who were con-
cerned 10 say the least, in the Arnstein
case, the Emerson Motors fiasco and
other affairs of the sort, but the ex-