Evening Star Newspaper, March 15, 1922, Page 24

‘24 SAY COTTONNART 1 1S BUCKET SHOP Brokers Testify New York ¢ Exchange Openly Exploit- { ed Southern Traders. Ry the Assoctated Press. NEW YORK, that the American Cotton Exchange 15 a huge bucket shop, where actualf trading fs rarc and where the south- ern speculator is at the mercy of the New York broker, were made by for- mer members of the exchunge at a #John Doe" investigation conducted $y the district attorney’s office béfore Lhiet City Magistrate McAdoo. Witnesses testified to numerous in- gtances of “cross trading,” fictitious orders, dummy account; scalping®” Becret manipulation of unrécorded transastions, sensational advertising @esigned to woo the accounts of small peculators in fhe south and undis- uised bucketing of orde . Expelled Members Testify. :W. Bi Wilson and J. H. fembers of the firm of Wilson & C hich was expelled from the e thange last February 28 on charges that they had warned their clien ®gainst further dealings with the | stitution. were. principal witnesses for the prosecution. as_cotton for eale in e bona fide sales for Mr. Wilson testified. #But the southerner. who is an op- fimist about the cotton market. al- most invariably bought. As a result here seldom ny cotton for sale nd brok ply ‘bucketed’ the or- ders, (2king a chamce on covering theniselves when cotton eventually was offered “in the ring.” Orders Bucketed Outright. The witness declared that he with- drew from the exchange after repeat- ed complaints to officials that “it had become absolutely impo: act business without keting." At - the time of his resignation in Febru- #ry. he daclared. conditions were such hat little trading was done on the oor of the exchange, most of the grders from customers being bucket- ¢d outright. YA scors of the most prominent memg Bers of the exchange. some of then! s directors. were named as constiz uting the “inner circle” of the trad- fig ring. {J. H. Watson, partner in Wilson & d he first entered the floor s a “scalper” for ctions * when actual trading was indulged in. . “Finally they .caught me short he market and igen took the marlk e o Walk, ‘mot Bringing It back for * the witness leclared. for Dut- orders un his Admits Bucketing Orders. “Do_veu say vou bucketed orders, 2 asked Ma@istrate McAdoo, sitting ae a grand jury ig the tigation. Call it what ass replied. “It n FDuring the big rush last Septem- Per. when every southerner was peculating in cotton and we were ‘omled with buying orders, brokers geldom went to the exchange to do eir trading. ‘They didn't havs time. hey simply marked prices on the you want,” the wit- s just plain bucket- les contracts, sent them out for e signature of the broker with whom they had prearranged to com- lete the transaction of a fictitious &le, and entéred it on their books. verybody was bucketing.” * Several gilt-embossed pamphlets, distributed through the south by New vork brokers, were introduced 2y evidence. ] Pamphlets as Lure. ‘These should be called to the a ntion of the postal suthorities. agistrate McAdoo told the prosecut- ihg attorneys. were entitled: " The pamphlets #Southerners Not Slow—A Human Interest Story That Every Red-blood- ' ed Southerner Should Know,’ Trade in_ Cotton, Stock: rains—By Randolph Rose, “Methods of Successful Fruders.” ir. Rose was cited by each of the witnesses as @ member of the big- n Cotton Exchange, Bucketshop methods. orts of counsel for the American tton Exchange were balked in eir attempts to cross-examine wit- ses by Magistrate McAdoo. March 15.--Charges | ble to trans- | ‘How | Decorated by France for Her Joan of Arc Statue ln Mount Hebron Cemetery Shows Re- sults of Health Progress. Specinl Dispnteh to The Star. WINCHESTER, Va. MNarch 15. Burlals in Mount Hebron cemetéry here are fast falling off, according to Supt. John H. Brumbaugh, who said { today that he and his men have dug | fewer graves this winter than at any time since he took charge of the office of superintendent, ten years ago. In_ epite of a severe winter and | much sickness, thére have b paratively few deaths. of the opinion tha have had much to do with the ap- | parent longevjty now prevalent. Even the old town spring, once the sourcs of the city's.water supply and still used to supply a small number of consumers, has suddenly become so pure that the state chemist, who re- cently examinéd a sample of the wa- ter, was unable to find a trace of impurity, whereas until a month ago the local heaith ofiicer had solemnly arned that death lurked' in the old —just say Blue-jay to your druggist Stope Pain Instantly The simplest way to end a corn is Blue-jay. A touch stops the pain in- stantly. Then the corn loosens and comes out. Made in two forms—a : :Kfi colorless, clear liquid (one drop does Cottoi | jtl) and in extra thin plasters. Use whichever form you prefer, plasters or the liquid—the action is the same. t firm connected with the Amer-| Safe, gentle. Made ina world-famed and leader In| 1y 00w Sold by all druggists. Free. ite Bauer. & Black, Chicage, 7 e Ao S ireecs Gave o ke Pt | = ——— -— H T e is for HURRY— ~ our gentle way of . urging you to break for the , nearest store and ..buy a package of v~ ® Adams—after which you’ll surely say it must stand for \MT. VERNON INSURED SAVINGS PLAN :HAS FEWER BURIALS. | & L SEMENOFF IN CUSTODY OF CANADIAN OFFICIALS Vancouver Immigration Authori- tles ‘Await Advices From Ot- tawa on Case. VANCOUVER, B! C., March 15.— Local immigration authoritfes are to- day awaiting advices from Ottawa pending action in the case of Ataman Gregorleft Semenoft, Siberian Cos- and enemy of the soviet, o re to float loans for & new Siberian government which he hopes to form. He arrived {a Victoria from the orient yestérddy and came to Vancouver preparatory to beginning & tour of principsl citles of Canada and the United States. He {s being held in custody at immigration head- quarters. “I ath perfectly aware that the people of this.contihent are not well disposed towards me, and the reason is the erroneous information that has been furnished respecting me and my UNABLE TO DELIVER RUSSIAN RELIC, BUT SWEDISH COUNTESS GOES FREE By the Armotiated Frendss | to Sweden, where it now Is In the Hl:tw YORK, March 104Countess custody of an art c&llaclor. ordis Ridderstad, the comely ountéss erstad admitted in yeung Swedish noble” who has ¢ourt that ehe accepted the $10,000 ffom Dr. Holm, but claims she resided In Ludlow street 3ail sinece. "1""’ a contract to deliver the December, 1921, In connection with painting without knowing what it & civil suit against her to recover was ail about. as she in unabls to r 3 $10,000, has been ordered freed by i a4 mote binding her to Supreme Court Justice Burr. aigning a note binding her to repay the mongy. The sult against the countess Justice Burr granted the dis- WAs brought by agents of Dr. N Henry Holm of Ishpeming, Mich., ge order on the ground that a who charged the young woman damage sult was the only recotrse left to Dr. Holm. The defendant m; with accepting 910,000 for “The eply to Sultah Moham- could not be compelled to deliver property which she never owned or had in her custody, he held. A painting by M. a rislng young Russian ari painting” was sald to ha c- |, “Motherin; Sun' was foi {upled a conspicuous place In the - rourth observed in I d on the fourt impe Sunday in Lent, when 1t was the sue. The tom to glve servants and apprentices a day's holiday to go and see their mothers. - Double-Barreled ‘Protection That's what the Mt. Vernon Savings Bank's Insured Sav- ings Plan is. By saving your money for future needs you also insure your life. Suppose you are thirty, the average age, and are accept- - able under the plan, being in good health. By depositing, $8.20 a month, for 120 months, you save and receive in cash $1,000. T But this is not all. During the entire time it takes you to save this $1,000 your life is insured for $1,000 by the same monthly deposit—no extras. The insurance feature of the plan is supplied our depositors by the Continental Assurance Company of Chicago. The same monthly deposit that accuimulates $1,000 savings for you . - includes this splendid‘insurance safeguard. The plan is also of great aid in building a home or edircating your children, etc. We have prepared a book which explains the plan in detail. - Mail the attached coupon today and we will mail you a copy without any obligation. ’ Savings Bank N.E.Cor.9 & St. i and Mass.Ave ‘Opposite the Public Library 4 Mt. Vernon Savings Bank, ' 9th and Mass. Ave., Washington, D. C. Gentlemep— Please $énd me the details of the Mt. Vernon Savings Bank's:Inspred Savings Plan, as told jn the interesting story of Jee Collins. Address iooviaiennnnniininns Mail This Couimn Today 0 : LANSBURGH & BROTHER : Bargain 6th Floor| ! [o]——TJa]——ja]——p|——]o]——=]a] CREPE JERSEY - GEORGETTE CREPE AND COMBINATIONS CREPE DE CHINE TAFFETA |fl | | | Very ‘Elaborate Beaded Canton Crepes so much in demand. Straightline models. Navy, black and brown predominate. Beau- , tiful Evening Dresses in high colors. A wonderful cigpice of taf- fetas in the popular styles—and, best yet, we can také¥care of any - sizes from*16 to 5414. Your dress is here. fl m ! fl 'J, E THE EVENING STAR. WASHINGTON, D. C. WEDNESDAY, MARCH 15, 1922. polle: worl I am now in & position to disprove insinuations leveled against me by l?lono“ nal enemies or political adversa- PLANS TO GO IN BUSINESS. LISBON, Portugal, March 14.—Col. Thomas H. Birch, ministér to Portugal, will morrow for New York. that he would abandon diplomatic life and devote' himself to private business, June to reside. Fred Morris Dearing of Missouri, agsistant secretary of state, was con- :Irt'n‘eld as the new minister to Por- ugal. “ durin; my war,” e satd vities in the belleve that SAFETY VEST NEAR FATAL Demonstrator Shot Near Heart and Customers Depart. NEW YORK, March 15.—Pierpont Potter, thirty-six, donned a “bullet- proof” vest yesterday and took his place against a wall in the basement ¢ a building occupled by the United Armorer Corporation, to dem- e the device Lo prospective customers. Edmund C. McGrath, another em- ploye, leveled a pistol and fired. Pot- ter teil, with a dangerous wound near the heart, and the customers went away without placing an order. Taken to a hospital by police, Mc- | Grath approached the bed of the pered, grasping his hand. “It an accident. etiring American sail to. o satd todey didacy for Next Term. returning to Lisbon next pires March 4 next. and was defeated at mary by Dr. E. F. Lad LANSBURGH & BROTHER DIRECT STREET ENTRANCE TO MEN’S SHOP The Sale Starts Tomorrow Morning at 8:30, So That Every Man Can Take Full Advantage of This Offering of Cordéd and Striped Madras Three thousand fresh, new Spring Shirts— ‘Besides the values—which are remarkable— There is the certainty of satisfaction— - Lansburgh & Bro. label in every shirt— Which is guarantee of fast-color and service— The patterns are rich ahd attractive— Pin stripes, chalk stripes, novelty stripes— _ The colors are in the most pleasing effects— Neckbands from 14'to and including 19— Collar- attached styles from 14 to 18— Every shirt cut on generous lines— : Buy them by the half dozen—at 95¢ each. Tomorrow the Men’s Department Opens at 8:30—and the selling is going to be lively —make an early start. . Tth street entrance. Men’s “Interwoven” Socks - . Now 40e¢ pair The good-looking, long-wearing lisle socks, in sizes 9% 1o 12; black, cordovan, russet, gray almd navy hllge. New price, pair, 40c. ‘wounded man with tears streamiug down his cheeks. 5 “It's all right, Mac” Potter whis- was You couldn’t help it.” SEEKS McCUMBER’S SEAT. A. J. Gronna Announces His Can- DAKOTA. N. D, March®16.—A. J Gronna has announced his candidacy for Unfted States senator to succeed Porter J. McCumber, whose term ex- Mr. Gronna_represented North Da- kota in the Senate for twelve years dflle 1920 pri-