Evening star., 1922-02-27
NEARLY 4OBR0KER
!. FIRMS co TO WALL
Several More Failures Today
Swell Astounding List of
Recent Crashes.

By the Associated Press.
NEW YORK. February 27.-The
number of Wall street brokerage
houses which have crashed since last
November advanced toward the forty
mark today, with announcement OF
several more failures.
Suspension of the brokerage firm of
Shewry & Falkland was announced
from the rostrum of the Consolidated
Stock Exchange shortly before noon.
A short time after. the suspension
of Thomas H. Cowley & Co. was an
nounced from the Consolidated stock
Exchange rostrum, an Involuntary
federal court by three creditors with
claims approximating $500. Liabili.
ties were estimated at 100000 and
assets at $4,000. Karl B. Barnes was
appointed receiver. under $lS.ooo
bond.
Federal Judge Learned Hand ap-
pointed Louis Wehle receiver under
bond of $4,000 for Mosher & Wal
lace. He also named John L. Lyttle as
receiver under $1,000 bond for the
firm of Reitze & Sullivan, against
which an involuntary bankruptcy Pc
tition was filed last week.
Another involuntary petition IN
bankruptcy was filed against Gamble
& Yates, stock brokers. NO estimates
were made of the liabilities and assets:
Three creditors preseh'eu ea'"s VI
$3.50.
woman Victims to Testify.
Eight witnesses were ssubpoenaed to
go before the grand jury today and
testify against Alfred A. Lindsay,
former stock broker. charged by
eleven men and women with having
fleeced them out Of more than 100000
in bogus stock deals: Lindsay mas
been missing from his pretentious
MO oL NJ home for more than q
month,
Among the witnesses called was
Mrs. Lillian NJ. Duke. former wiie OF
James B. Duke, millionaire TOBACCO
manufacturer. She was one OF tne ne
Lindsay to the attention Of District
Attorney Banton. She claimed sne
Entrusted more than 100000 to him
for investment. and that the money
disappeared.
tress, who also was summoned mas
told the authorities that she gave
Lindsay $4,000, most of her hie's
savings, for investment.
Police Hunt Lindsay.
The police have sent descriptions
of the missing broker over the coun-
try, asking his apprehension on
charge of embezzlement.
Additional evidence against STOCK
brokerage houses, collected in
widespread investigation of bucket
ing and other irregular practlces,
was laid before supreme court
grand jury today by Assistant Dis
trict Attorney Simmons.
The investigation, started after
failure of several brokerage nrms,
already has resulted in Indictment OF
nearly a score of brokers, while
complaints against more than thlrty
firms are under investigation.
Montreal Brokers Assign.
MONTREAL. February 2L-The
brokerage house of Tousaw, Hart q
Anderson has assigned for the beneft
of creditors. The announcement was
made today from the rcstrum OF the
Montreal Stock Exchange.
The firm. which was composed OF
Charles P. Tousaw. Vivian 8. Hart and
T. Morley Anderson. was organized in
1916.
This was the fifth failure. among
stock exchange firms here during the
past three months.
Philadelphia Firm Falls.
PHILADELPHIA, February 27.-The
brokerage firm Of P. X. Guthrie &
Co, members of the Philadelphia
Stock Exchange, made general as
signment today for the benefit of
creditors. The firm. which did small
business, was made up of Paul X.
Guthrie and J. p. Robbin4 No assets
or liabilities were announced.