New-York tribune., 1922-02-28
Mosher K v aIlace, Shew-
ry & Falkland, G. W.
Siarbuck, Gamble &
Yates Added 10 I.isi
American { .oiton
Inquiry TO BE Held
Change Requested Probe
OF Charges; Banlon to
Oct D'cr Concern Books

nc wave of failure Of stock broker
age houses colnciden' wfth the DIS
'rici Attorneys nvcstigatiou OF al
lceed bucketshops swept four more
arms INTO insolvency yesterday
Involuntary petitions IN bankruptcy
wero flod in the United States District
Court acans. the following:
Mosher & Wallace 81 Broadway
Showry { Falkland 1893 Broadwa<
Gamble &. lstes. So Broad Street.
Az assignment for tho benefit Of
creditors ~as made h. C. Y. StarbucA
6 Co. OF 20 BROAD street
10 complain,s Of rrogularity have
bee dicd with his Office against the
concerns which wen. under yesterday,
according 10 DIstric, Attorney Banton.
De- clcpmcn.s in Inquiry
Developments IN connection with tno
District Attorncy's bucket shop plobe
were
Al The request Of officis's Of ths
American Cotton Exchange and on the
recommendation Of District Attorney
''--t-f1-. 'ii'.t S-iA -! -, leAfHlS NCAQQN
announced that on thursday he would
begin on InVestieatiou of accusations
of bucketinc made against the cx-
change and several of lts members.
The District Attorney scored 2 poir-
when Federal Judge Learned Hand de-
med The motloa Of Elmore y. Dler
head Of the bankrupt brokerage firm.
o. L. n, Die & Co. to restrain the
receiver from turning over 10 the
county prosecutor the books Of the
companN ia connection with the in
vestigatlon of complaints
Several more bucket shop cases were
presented TO thc grand iurie7 Of the
Supreme Court and General Sessions.
but no nd iclments wcrc returned
although 1t was aid true bills vera
in process or formulation
Biggest Failure Of Day
ihe principal failure Of tire day vas
that Of Moahcr 4 Wallace. whose la
hilitios Vere alleged to be between
$4,000 and sls50o0. With assets Of
betvocn $4,000 2nd $4,000 Louis
b Nehie. attorner. Of III Broadway
~nS named rocel3o5 bg Judge Hand on
q bond Of $GO,0oo
Failure Of Noshar < Wallace was at
trihuted 10 the breasinS down Of other
- ''-'-if' ttN~ l|E' icfNN ci commence
and the demand Of customers for
money ard securities at once The
petitionlnr creditor was Charles D Gil
hcct, OF the Gilbert-O Farrell Printing.
Company, whose claim vas 1911.
Suspension Of Shcwrv Falkland
from the Consolidated Stoco Exchange
followed the 'iling Of petite. by II :
Peerless Quality Company, Inc. with q
claim Of S5l6 According to Raicmond
Z. Dec attorney for the firm, It's liabll-
ltes arc approximately $50 900 and its
aSgets la the neighborhood az S25 .O00
During the last three weeks tho CON
tlnued withdrawals Of customers &c
counts and the shrinkagc Of new busi-
ness to practically nothing. together
with large operating expenses, Mn. Dee
said, forced Sbewry & Falkland to con-
sent 10 bankruptcy proceedings in
order to preserve the assets of The firm
for equitable distrlbution among lts
creditors
Many Women among Customers
The petition against Gamble &, Natos
was signed b. three creditors. Stephen
L. HcNAias. Marie L. Dow aud Charles
Wilson. whose claims aggregated So
$50. he firm han A branch Office at
537 Fifth A,onuc, and had many women
attorney, or Rector Street. was ap-
pointer receiver The creditors est
mated the liabilities Of Gamble & Yates
At more than 100000 and the assets at
between SIS, 600 and 10000.
Nelson NJ Cooper, Of 2l7 West 104th
Street. Nss named assignee for c W.
Starbucl & co.
Papers III the case OF Thomas II.
Co1le1 & Co Of 1l5 Broadway which
Vent into bankruptcy late Saturday,
we're filed yesterday. revealing that the
stock brokerage concern had liabilities
of 100000 and assets OF $4,000. In
GUIDED IN the assets are seat on tho
Consolidated STOCK Exchange, valued
al 5000 Judge Hand appointed Earl
g. Barnes, attorney, Of 27 William
Street, receiver, with bond Of $4,000.
On tho petition of Henry L. Frney,
who alleges he Is creditor Of Cowley
& Co, Judge Hand signed an order di-
rectng Receiver Barnes to show cause