The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1922-03-02
GREENE |ELD AND
KEENE LOSE HEAVILY
Hall & Co. of New York,
Defunct Brokers, Had
Branches at These Cities
OVER $4,000 LOSS
AT FORMER PLACE
Local Manager Leaves for New York
Without Explanation - Many People
Visit Local Offices In Both Cities, But
Get No Information About Money.

Visit Local Offices In Both Cities, But
Get No Information About Money.
GREENFIELD. Mass. March IA
osss estimated to be over 100000 was
sustained by people in this and sur
ounding towns through the filing of the
Involuntary petition in bankruptcy
against the brokerage house of Hall &
20. of New York. which operated Il
branch office here in the Davenport
building. The first notice that the house
had gone to the wall came through the
morning papers when dispatches from
New York told of four more concerns,
me of which was the company repre-
ented here, that had met the same fate
If about 1T alleged bucket shops Old
traders and new were caught by the
allure and some siZeablc accounts were
wiped out by the crash. Although no
lefinitc figure could be secured of the
losses. there was an indication by the
trCam of telephone calls at the local
,fhce and by the traders who came per-
'Onally, that thousands of dollars
worth of business had been done through
his branch. William, L. Bradley, man
,ser of the branch. left for New York
Tuesday night, having received an urg-
mt tclcDhone call about Z o'clock re-
luesting him to come.
The local office was opened yesterday
morning by tile telegraph operator who
handled the Wire over which quotations
we're received from New York each day.
tie had not seen the news of the failure
n the morning paper and at the usual
time he opened his wire. Instead of
receiving the regular market informa
ION the telephone company in New York
broke in on the wire and informed him
that Hall X Go. had closed their doors.
IN the same wire were the other oper-
atOrs in the various cities where the
company had branch Offices For short
time the operators clicked off messages
# 'goOdby and good luck to each other
and then the wire closed. The operator
lere said that the closing came as Il
surprise to him. "a nothing which had
occurred in the Office here had indicated
that the crash was coming. Tuesday
night ne said that he had been in the
office when the cali from New York
anne for Mr.. BRADLEY. After answering
the call Mr.. Bradley told him that he
vas leaving for New York at once and
told him to open the Office as usual in the
morning. He did not hint that anything
had happened.
Soon after the office opened yesterday
morning people who had been trading
began To come in. Some had seen the
story of the failure and others had not.
number of the losers were in a jocular
mood but others had disappointment
written on their faces. In many cases
men had been completely cleaned out of
sums which were not particularly large,
out which represented all the money
they had. Telephone calls kept the tele-
,hone bell ringing constantly, but there
vas little satisfaction to be gained for
he telegraph operator could tell the
alters nothing.
One of the men who had lost answered
he telephone. once and when the party
asked who was talking he answered:
I'm just one of the fish Another
nan who was corncred for about $1,000,
allied up the main office of the broker
lge house i'm New York To see what was
Going to be done and he was curly told
take your losses with the rest of
them"