The New York herald., 1922-07-16
FULLER SURRENDERS,
OUT ON $4,000 BAIL
Comes In With w. F. Nc
Gee to Answer to Bucket
ing Indictments.
DEALS MOSTLY IN MAY
Complainants Tell Of 13
Orders Which They Say
We're Untitled.
TRADES ON BOTH SIDES
Alleged Crimes Took Place
Ahout Time of Attack ON
TRADES ON BOTH SIDES
Alleged Crimes Took Place
About Time Of Attack on
the Consolidated.

e. NJ. Fuller and his partner, Will
lam r. MCGEE, members Of the Con-
solidated Stock Exchange brokerage
house of e. M. Fuller & Co., which
failed for about $4,000 short time
ago. surrendered yesterday to answer
to thirteen indictments charging buck
citing.
Judge francis *. Mancuso fixed the
bail OF each at $4,000. which was
furnished by a surety company. The
men probably will appear tomorrow
to plead.
The appearance OF the two was not
unexpected. as their lawyer had been
in communication with District At
torney Banton the previous evening.
They went voluntarily, reporting TO
Lieut.. Edward F. Rayens In the in
dictmert bureau with Arthur G. Hays,
their counsel
Hays in this case appears for the
bankrupts. In the E. D. DER & Co.
case he is attorney for the trustee in
bankruptcy.
When the party. with Benjamin F.
echreiber. Assistant District Attorney.
went before Judge Mancuso. Schreiber
asked for bail of s35.ooo Hays protested
and the amount was fixed at 5000.
Both men are charged with the same
offenses. None of the indictments
charges grand larceny. as in a number
of other cases growing out OF tho buck
etahop cleanup.
CompIainants Describe Deals.
Four complainants are responsible for
the thirteen indictments. They are b.
r. Link of Tennessee, Alexander Dol
phin OF Jamaica. Queens; Morris Cor
don and Walter A. Hartsel of Brooklyn.
Each alleged transaction Is the basis
for one indictment. Link said that on
May 10 he ordered Fuller to buy fifty
shares of Sinclair Oil for S1.757.50. to sell
twenty shares of Standard Oil OF In
diana for s2.19s.sl. to sell ten shares
Famous Players-Lasky for $S4s. 10 and to
sell sixty shares Of Middle States Oil
for $685.
Dolphin charged that he ordered
Fuller & Co. to buy twenty-five shares
Sinclair for $S2S 10 on May IS to sci, the
lot for $90463 on May 20, to buy fifty
shares Of Callahan Zinc Lead Company
for $500 and to sell them May q for
s54S.55. Gordon said he ordered the pur-
chase of fifty shares of United Retail
Candy for $391.25 and put In a second
order for fifty snares at 1886 on June 8.
Hartsel asserted that he ordered
Fuller & Co. on May IL to buy fifty
shares Bethlehem Steel at $4.101.25 and
on May Fl 70 sell 100 Sinclair for $3.643.50,
and on June to buy 100 shares of Mexi-
can Seaboard OIL at &615.
1t will be noted that all the transac-
tions were recent. The charge therefore
10 that f. M. Fuller & co. were bucketlng
months after the District Attorney had
begun his crusade. The allegations go
to show. too, that this concern. credited
with being the largest Consolidated Stock
Exchange house, was carrying on a
bucketing business at the very time
THE NEW YORK HERALD was calling at
tention to the amazing number Of fail
ures in this exchange.
Regarding all Of the orders put In by
the four complainants, the charge in the
Indictment Is that they were bucketed ;
that no part Of the stock was actually
purchased or actually sold. either on the
day of the order Nor at any time there
after, notwithstanding the fact that Full
Ter & Co sent. the usual confirmation slips
10 the customers.
Though the customers believed they
ware long" of the stock. the allegation
Is that such was not the case that the
stock was either not bought or sold, as
the case might be, or else, Immediately
after the sale or purchase 1t was either
resold or repurchased. so that the con-
firmations were false.