The New York herald., 1922-04-25
Lamar is ACCUSED
OF OIL STOCK FRAUD
Widow Cites Wall Street
Wolf to Court to Get
Back Her $4,000.
FIELD BROS. SUSPEND
Owe 100000, Have $4,000,
Says Petition-Credit-
ors in New England.
COTTON TRIALS ON SOON.
District Attorney Will Seek to
Block Delay in Case of
American Directors.
COTTON TRIALS ON SOON

David Lamar, WHO several years ago
was sent to the Federal Penitentiary
at Atlanta for financial operations
which got for him the name of THE
Wolf of Wall Street" will appear in
Yorkville Court Thursday morning to
answer a summons issued by Magis-
trate Peter A. Hating.
The complainant against Lamar is
Mrs Bremen, widow, address un-
known. who told rhe Magistrate thai
Lamar had swindled ker of $4,000,
which she had invested in stock OF
the Middle States Oil Corporation. She
said she had met Lamar through
woman friend who lad introduced
him as MIR. David" and told her he
could turn the poorest looking invest
ments into big money.
Lamar. who now lives at the Great
Northern Hotel. referred all inquiries
last night to his lawyer, Armin Kohn.
who characterized the charge against
Lamar as utterly withouty merit" He
said there was no possibility of a GRIM
inal charge being made against his
client.
Mrs. Bremen some time ago got
summons for William Murdoch of Scars
dale. vice president of the Middle States
Oil Company, but the case was thrown
out of court by the Magistrate after
Murdoch's counsel questioned Mrs. Bren-
nen.
Consolidated Gusts Firm.
The suspension of Field Bros. stock
brokers at so Broad street, was an
nour~ed yesterday by the Consolidated
Stock Exchange at the same time that
an involuntary petition in bankruptcy
was fled against the concern.
The floor member Of the firm is l.. A.
Field of New Haven His partner Is
Kenneth r. Field. 1t was said at the
office of the Consolidated that the con
cern had closed it's doors and that no
reason for the suspension could be made
at the time.
In the petition filed in United States
District Court liabilities were estimated
at 100000 and assets as 100000. The
petitoning creditors were John NJ.
Henry who claimed s1.024: Jones Print
ing Company s143. and Kelitor Pubi-
cations, Inc. $40. Cass g. APPEL are at
torneys for the petitioners. Carl ].
Austrian was appointed receiver by the
court under bond Of $4,000 The firm
was organized August 1, 1891.
A dispatch from Worcester, Mass, an
nounced that the branch office Of Field
Bros In that city was closed after the
firm had been petitioned into bankruptcy
in New York.
From Southbridge. Mass. came word
that about $4,000 of money of clients
there is involved. with Field Bros. The
Southbridge branch manager, X. G.
Munroe, is expected in New York to-day.
There are about thirty-five clients OF
the firm in Southbridge.
The trial of the American Cotton Ex-
change, indicted as a corporation charged
with bucketing orders. Is expected to be
called next week. The exchange was in
dicted following a John Doe inquiry into
It's activities conducted by William Me-
Adoo. Chief City Magistrate.
wintncr to Prosecute Case.
District Attorney Banton said the case
would be prosecuted by Hugo Wintner,
Assistant District Attorney. in General
Sessions. II has not yet been decided
which Judge will have the case.
IL was learned at the office Of George
Gordon Battle, counsel for the six d.
rectors who were indicted Individually
for bucketing. that an extension OF time
In which 10 make motions would be
asked for to-day. The time fixed by
Judge RosalslSy in General Sessions In
which 10 change their pleas. demur or
make motions expires to-day.
Mr. Banton said he would oppose any
extension OF time, as he had under
stood. when he consented TO an early
trial for the Exchange. that the indi-
viduais would not attempt to interpose
any technical motions.
The directors under indictment are
Randolph Rose, Sr.,s vice-president
George w. Pratt, secretary and treasur.
err. Angelo r. Jennings. Raymond
Palmer EdWard Patten and Martin