The New York herald., 1922-03-02
4 ARRESTS DUE TO-DAY
New Stream Of Complaints
Delays Office Work Of
District Attorney.
RAIDER FINDS FIRM GONE
Two Men and Boy Accused by
Des Champs Held in $4,000
Each on Larceny Charge.

Twelve more persons were indicted
yesterday on charges of bucketinS
There was still another failure in the
financial district making the total
twenty-four. More complaints poured
into the District Attorneys office than
1t was possible to handle expeditiously.
Four arrests are expected to-day.
Further indictments arc expected as
the additional Grand Jury. which has
been considering this sort of cases al
most exclusively, goes out of office
The four indictments newly handed up
were not found by this jury but by
the Supreme Court Grand Jury
There Is possibility. however. that
ii will be some time before anything
like the whole number of those indicted
are caught Some of those most wanted
have fled the Jurisdiction. This is true
OF six indicted In connection with the
alleged swindling of David Gardiner by
the firm Of Franklin. Taylor Co. The
one man who surrendered in connection
Will lUlS Cast 10 Oui VII bhii. hS
others. whose names have never been
made public, cannot be found.
Four Already Out on Bail.
The days indictments we're against
those connected with brokerage houses
Which have failed. Three of the in
dictments name eight men and one
named four. 1t Is believed the four in
the one indictment will be those ap-
pretended to-day. They are under
stood to be out on bail from Che Magis-
trates court. whence the case was sent
to the District Attorney, but their
names are withheld. with the details of
the complaint against them.
According to Simmons and Schreiber.
Assistant District Attorneys. there has
Z been "a steady stream" of complainants
at the District Attorneys office In the
last two days. AS result of one COM
plant a messenger was sent to the
Offices OF Pierce & Co, 15 Moore street,
TO get the books OF that concern. but he
found the offices closed and much OF
the paraphernalia already removed
The suspension OF Walter j. Schmidt
& 60. OF 80 Broad street was announced
on the Consolidated Exchange to which
the firm belonged. The following state
ment was made for the firm:
I'm order to conserve the interests
of all our customers and creditors
during the period OF uneasness we
have deemed II necessary to an
nounce our suspension from business
at this time"
The Consolidated also announced the
suspension OF Howell e. Wales and
Hall Co. against which proceedings
in bankruptcy were begun Tuesday.
Cotton Inquiry Put on.
Because of the pressure OF bucket
shop complaints, II will not be possible
for the District Attorneys office TO be-
gin to-day the John Doe inquiry into
the allegations OF bucketing OF cotton
through the American Cotton Exchange
This proceeding. which ia to be open.
and before a Magistrate. has been
postponed until Tuesday morning.
An involuntary petition IN bank
r,iptcy was filed yesterday against John
Meyer. doing business at a. Beaver
street as Il. r.. Warren & Co. The three
creditors who filed the petition were
julius Stein, who has claim for $4,000
for loans" John G. Paige, Inc, with
claim for $l76, and the Acorn Agency.
Inc. with claim for $500 No estimates
on the liabilities or assets were made.
A petition also was filed against c. W.
Starbuck & Co. OF 90 Broad street the
members OF which are Calvin w STAR
buck and Fred w. Wright This firm
made an assignment for the beneft OF
creditors a few days ago. The creditors
filing the petition. with the claims, were
Anton Dvorsky $4,000 John A. Zamic-
mix, $79. and Anton Soukup, Sf43. There
was no statement of assets and liabili-
ties.
$1,000 Bail I'm Des Champs Case.
The three men arrested Tuesday night
IN connection with the charge Of grand
larceny preferred by Alphonse Dcs
Chamns. who bought out Friedman.
Markelson a Co, were arralcned In
Tombs Court and held In 50. 500 bail
cacn for examination on March ?. They
are Isadore Friedman. SO George Mar
kelson, "a, and Samuel S. Small. 10.
Small. partly because of his youth,
has been somewhat OF figure In the
financial district. Two years ago. when
only IL, he was floor man on the Ex-
change for Einstein. Ward & Co, and
even then was regarded as n marvel
In finance, with n deep understanding
OF the manner in which things are done
In the financial district and a grasp of
financial affairs generally.
Loring M. Black. former State Sena-
tor, who represents Small. conteniee
that his client was never member OF
the fir lie asserted that the civil
action Nnich Des Champs had staete
in the Supreme Court to recover sif.-
900. which he claimed he paid for tho
business, did not mention Smalrs name.
The transfer Of the company was IN
January. The house had a branch In
Montreal. and although Des Champs
gives his address as Hartford II Is said
that at one time he managed the
Montreal branch OF the firm, though II
Continued on Page Three.