Evening Star Newspaper, July 24, 1923, Page 3

- THE: EVENING 21, 1923 Let Your Ice-Box Serve Dinner Tonight STAR, WASHINGTON, D. U, TUESDAY,: JULY —By GLUYAS WILLIAMS. Bucket Shops Themselves Lose i At Hands of Clever Swindlers Roach’s Drug Store 8th & G 5ts. S. E. When the mercury is hitting on high, your American Ice re- frigerator is the most.pleasing caterer you can employ. It will serve cold sliced chicken and Virginia ham—sweet and full- flavored lettuce as crisp as a morning in the ‘Adirondacks —and luscious _blackberries, sweetened and piled high with whipped cream chilled to a AV Stocks “Planted,” Then Pushed to Skies, and Brokers Forced to Disgorge V2 (\\{ 12 PM.. WORKS FEET OUT FROM UNDER COVERS 11PM. WONDERS WHY HE PUT A BLANK- ET OVER HIMSELF ON A NIGHT UKE THIS . &3 AV or Face _Publicity N Vi A BY R. K. TREVOR. The operations of well organized Eangs of “plunters” began to play havoc with the bucket shops in 1916 and for a few years thereafter. The “planting” of « bucket shop is done by a grouh which has a stock under eusy market control. In the sort of op- erution generally used in the “planting” of orders on a curb stock some stock Is selected_on which the distribution has been very small. In order that the sus- ]H(‘lmn of the bucket shop may be al tock, through skiliful manip- the gung preparing i generally given appearance of activity as to indicate that a broad distribution of it has been cffected. An agent of the gang, acting under cover, then quietly opens an account as a customer in a bucket shop. He a buying order for the stock Te bucket shop does not thiat - its new customer is r cover for people who to the order Star Stock Upward. When the gang handling the mar- ket in the Stock has succeeded in ing enough orde cketed” by bucket shops a_ result of a number of its dis- agents for the opening of ac- sunts with such houses it starts the tock upward. When the stock has been put to dizzy heights, the agents of the gang who lave bought the stock on mar- walk into the bucket shops and for their stock in full—that is, pay the difference between the; which they had put up nd | at which the stock s the time when their mar- orders were placed. On this -dullinn:xl money, the surprise and chagrin s<hop, they call for de stock. Tnasmuch as the eted the order, it must zo into the open market and buy the stock at the high levels which the issue has UOW T hed.. The hou: should it Le unable to deliver the nvks faces, of course, a charge of bucketilg with an open-and-shut case against itself. Panie A % Bucketers. When the skillful “planters” first began to play this game against the curb bucketers on a rge scale in the later stages of the war shares boom there was a veritable panic in bucket shop r: The exclted bf some stoc by the bucket- shops caused wild advances, even be- yond the heights to which those stocks had already been manipulated. Tn some cases the “planting” of the bucket shops was done by promoters whose patience had been sorely tried by the raids made on some of their stocks in the past by the bucketers \d the damaxe done to the markets e stocks. mot in Pl |xllu mply figured on marking up lln “planted” stock to a price com- mensurate which they considered rep- resented a reasonable market valu- ation on the stock, and at those levels the promoters, in addition to taking profits from the bucketing fraterni also sought a distribution of the #hares to the public, In other cases the plantihg was done by groups who were a% erooked. it not more crooked, than the bucketers. These % did n -buying putting up naturally, house has buck nk: hesitate ited stock by pushing the stock to absurdly high prices und strained efforts to -unload the stock at the greatly inflated figures to the public. A Successtul Plant. One of the most spectacular mar- ets resulting from what was con- sidered “planting” of bucket shops was the remarkable advance in the pre- ferred stock of the Kathodian Bronze Company That stock., which for some time had heen selling around $2 mped within a period of s to $68 per share in one wildest m.trl\el that was en in those shop alone ing 5.,J,4|4|ll on that ¢ were rumors in ‘the t more than a dozen houses had béen successfully “planted.” In the ensuing months some indi- viduals who hud held minor positions with interests that had been identi- fied with the Kathodian Bronze mar- ket, _and_various other _individuals SPECIAL NOTICES. e 3 LL BE 1 debis other than those contracted by lll( HARD W WALL. move, street th WITLL BE debts other -than CHARLES % between T. B. d_Adolph B. Fuson, eter. frm name. ot Hrown & Jokn: has. under date of July 24th, 1023, bee Alssolved. il bills to be rendered to Adolph B._Johnson. OFFICE PEOPLE DESIRING TO RIDE_TO and from work in auto driven by a carefil soung white man should phone Franklin 7 Rtutes_reasonabl TEED FURNITURE REPATRED, FATS ockers seated: \\l(I\ER(‘lIAl‘r 1402 8 el w. Biggs Pats HEAT 1o Heatior, Get It Done Right Now —This is the time to have us make Heating Plant changes— not next fall when fires must be going. The B:ggs Engmuring Co. W BIGGS, Presic RR! den| 1870 1400 8 el Feank. 817. Doubtful Roofs Every threatening storm means worry to the owner of the uncertain roof. Our thorough repair work ends your trouble once for all. Just call KOON ROOFING COMPANY PRINTING «that fulfills your highest expectations {The National Capital Press 12101212 D ot n.w. The Adams’ Impress ~—stands for satisfaction—plus iu printing. “High grady. but not high priced.” BYRON S. ADAMS, FRINTER 512 11th 8t. ave Your Roofs F'EHMA L\TLY Hirsh Roofmg Compound Guaranteed 10 Years. . A heavr-bodled coating of hestos; n times thicker thas not_dry We “are. daily covering roots, rusted. and worn, on residences, warehoutes, public ga- rllsl. l'hlxrf’lem les. REHHI'I‘I\G—WATEI\PHOOF Sale and Applied by Paul H. Sears Co., Inc. ain 0934 CONTRACTORS. Bond bids. ENIDER S POT RQAST t at Snider’s, 1050 37 Cntor aariar. 6 The “Ironclad” Roofers —will put your roof in good shape and Soep 1t 80 for many Joars !o‘:o'n‘l". Our 1422 F S, Phone Ma N.W. halt and: paint. Does uarantee says so, with every jol IRONCLAD Roofing 1410 F st. a.w. Company. PhoneMain14. | who “planting.” were reported as taking | away from the bucket shops a large | amount of the profits which the latter had gathered through the markets in other fissues. The stock of the Je- rome Prescott Mining Company, which advanced from 50 cents & share to about $10 per share, was reported as one of the many stocks syccessfully | “planted.” Many Skilled Men. In the grand form in which the system of “planting” was finally de- velopel, the planting organizations not only numbered scores of slick | individuals skilled In the art of mak- | Ing themselves look sutficlently like vsuckers” that the bucket shops | readily took thelr orders, but also ‘fl was reported as embracing a little army of shyster lawyers and several particularly skiliful market manipu- lators, It “was found that out-of-town branches of the bucket shops could be more e “planted” than the main offices in New York elty. Partly, this condition was due to the fact that managers of out-of-town branches were often working on a profit-shar- ing basis and were greedy for busi- n Some of the super-crook nters” made so bald, however, as to bribe managers or other workers of the out-of-town branches to accept buying orders (which. of course, were bucketed) on a scale sufficiently large us to mean enormous losses later to the main organization. As an in- stance of this, the street heard that | trusted employe In the Providence | branch of one chaln of houses co- operated with the gang of “planters” in the Jerome Prescott deal. | meant one of the largest losses which | that particular chain of bucket shops had suffered in vears. Role of Lawyers. The role of the shy to force the bucket shop to through.” Certain hucket shops. when | the first big scare In the ranks of | their fraternity was over. shied at king payments. Some of the shys- r lawyers were in New York, some |0 fthem in out-of-town centers’ Their threats of laying the cases of bucket- ing before local authorities generally scured the bucket shops into buying tock and delivering it. Finally, the bucket shops began what was apparently a well-organized campalign ~ to protect themselves against the “planters.” Some of the bucket shops refused to accept margin drders on curb securities that had not had & market for sufficlently long al itime to indicate that the too much distributed to be success- 3 " The “pla " equal- then to seek out stocks which had a long trading history, but which had quietly passed nto the hands of insiders to such extent as to leafe the jssues in position favorable for the sort of casy manipulation necessary to the execu- tion of a successful “plan Whenever one bucket shop had th least inkling that a “plant” {attempted, 1t quietly bucket shops, and th t co-operation frustrated several | “planting” attempts. In the litera- jture which the bucket shops sent out, | extolling the merits of various stock care was generally taken to “play up only those stocks which the buc shop men felt reasonably certain were very widely distributed. A Real Menace. However, the fact remained that any time when the “planters” (whose numbers were growing because of the profits which lay in their special line of operations) were successful in ef- fecting a “plant.” there was a real menace of prosecution for the bucket- shops on charges of bucketing. It xcems reasonable to presume that interests so much steeped in thievery as are bucket-shop men would not stoop at efforts to “reach” the offices of the public prosecutors. Could they succeed in doing that in some of the principal cities In_which they had main offices or branches, it was sug- gested, they might have been able guard ' themselves “from withi; against charges which the “planter: would enter against them. It would take particular daring. of course, to attemt direct overtures to people in the prosecuting offices. However, the bucket-shop men apparently were not vnmindful of the extent to which men in those offices might be obligated in one form or another, especially through the workings of the system of political nominations, to various political interests with’ whom the bucketshop fraternity could easily find it possible to establish friendly relations, Public Getting Wise. Meanwhile, the public through the country was beginning to hear that a huge bucket-shop system was once agaln in operation. The bucketeers saw the first threatening signs of a storm of public indignation ahead. All the more reason for them to deem it the part of wisdom to seek out powerful political affiliations. How the-bucketeers sought political protectipn and. how the threatened storm of public indignation against them at last began to break in 1919 will be told in the next article of this series. At the same time there will be related the story of how the bucketeers were able to turn that storm of indignation away from themselves o that its force was spent on other members of the securities fold, and how they then prepared to enter the period of the greatest loot- ing in their entire lengthy history of depredations. (Copyright, 1923, IWANT SILVER ISSUE TAKEN BEFORE COURT Produceu, Through Official, Ask for Trial of Question of Funds Treasury Retains. by New York Commercial.) The argument between the Treas- ury Department and producers of sil- ver over silver purchases under the Pittman act reached another stage | 1ast night with a reply by J. F. Call- breath, secretary of the American Mining Congress, to Acting Secretary Gilbert, in which the .silver pro- ducers again demanded the matter be taken to court. Commenting upon the Treasury's announcement that revocation of sil- ver allocated to the director of the mint under the terms of the Pittman act “satisfies the purchase provision of the act and saves-the people of the United States at least $5.000,000," Mr. Callbreath's letter daclared: “The $5,000,000 so retained by the Treasury Department does not belong to the Treasury Department as agent for the body politic, but to the silver producers who produced silver under the guaranty of the Pittman aot. Mr. Callbreath further declared that the mining congress did not con- sider the ruling of the controller gen- { eral, under which the revocation order ‘was issued was mandatory. “The mining congress.” Mr. Call- breath added, *“is not taking issue with the Treasury Department or any of its officlals, but is making every effort to ascertain all the facts. It is our thought that these facts could best be determined in a court of Jaw having proper and competent juris- dletion. ———— In Denmark the ocity of Copenhagen is experimenting ‘with rubber street paving. had learned the gentle art of ! and thut ; the “planting” of the Providence office | tock was | X 1AM ROUSPS ENOUGH TO PUSH BLANKET HALFWAY OFF ) 3AM. DECIDLS HES.STILLTOO HOT AND PUSHES SHEET OFF 4-6AMM 'ROUSES ENOUGH TO GET STRAIGHT- ENED OUY AND SLEEPS PEACEFULLY GLUYAS WILLIAMS NEW YORK, July 24—Bables born at sew on vessels flying for- eign flags will be admitted to the United States despite “any dis- mal old law,” Immigration Com- missioner Henry H. Curran an- nounces. The commissioner was led to make this decision because he had two unique cases which called for a precedent. Sefla Przvgon, of Polish stock, was born to Mrs. Sofia I'rzygon on July 18 while the steamship Lap- land was bound for America. Be ing born on a British vessel she came under the quota of that coun- try, which was exhausted Irene . Trovanoski. daughter of Mr. and_ Mrs. Pioto Trovanoski, Poles, who had declared their in- tention of becoming Americans, * L03S OF HUSBAND CAUSES BIG SUIT Wife Says Rich Mother-in- Law Is at Fault and Asks $100,000. Mrs. Margaret F. Stenz today filed suit In the District Supreme Court for $100,000 damages against her mother-in-law, Mrs. Mary M. E. Stenz, for alleged alienation of the affections of the plaintiff’s husband, orman N. Stenz. She recently was granted a limited divorce. Her husband recently was arrested in Virginia on a non-sup- port charge., brought' back here and placed under bond of $15,000, which was furnished by his mother. Stenz had his three-year-old son with him when arrested. When qual- ifying on the bond of her son the mother testified she owned real es- tate assessed at $99,000. Through Attorneys Alvin L. New- myer and Milton W. King, the wife tells the court she was married June 23, 1919, and lived happily until his mother “induced” him 1ll-treat and finally to abandon her. Making use of her great financial resources, the mother is alleged to have financed the arrangements to deprive the plaintiff of her husband and her infant child. It is charged that February 24, 1922, the husband was persuaded to take the child, then twenty-one months old, and remain in hiding_for nearly sixteen monthe. During this interval the mother-in- law is sald to have accompanied her son and grandson and to have trav- eled about the United States and for- eign countries under assumed names for the purpose, the wife charges, of accomplishing the alienation of her husband’s affections. Mrs. Stenz also charges that, know- ing of her suit for a limited divorce and also of the criminal charge against her husband, her mother-in- law established a home on a farm in a secluded section of Virginia, where they lived under assumed names until apprehended. Among the properties owned by the defendant is the Hippodrome Theater, on K street, which she also operate: in partnership with her son. FILES CROSS-PETITION. ‘William W. Day, a painter, whose wife charged him with paying too much attention to a woman residing across the street from their home, at 717 6th street southeast, has filled a cross-peti- tion, in which he asserts the wife has an affinity who lives a few blocks away. Day denles his wife's charges, and says she left him several times, finally de- gerting him October 1 last, since when she has not returned to his home. The husband is represented by Attorney T. Pay As You Ride A SMALL PAYMENT DOWN AND BALANCE ONE, TwWO AND THREE MONTHS, Guaranteed 8,000 Miles T.0.Probey Co. Phone West 133 2100 Pa. Ave. N.W. (C) Wheéter Syn. Inc. Babies Born at Sea Enter U. S. Despite Exhaustion of Quota mousse, tall glasses to accom- flany it all a-tinkle with spar- ling ice, shining through fra- grant amber tea. And American Ice costs but a frac- tion of a cent a pound. 'AMERICAN ICE ~ COMPANY (! WORKS BLANKET R:$'3‘ oF aY OFF WITH H1S FEET 2A ( : 4 AM. FINDS HE'S GOT RIMSELP HOPE - T.m. for a good 7 LESSLY ENVANGLED WITH COVERINGS “Sl picture of Baby SPECIAL SUMMER RATES ! flfinzm ____Main 4400 HOTEL INN 604-610 9¢1: St. N.W. Formerly Stag Hotel Phcoe Main 8108-8109 kiy; $10.50 rooms, Shower and lavators. $10:°2 50 per cent more. Booms Like Mother’ { ©AM WAKES VERY COLD TO TIND WIND HAS CHANGED AND HAS GIVEN HIM A TOUCH OF LUMBAGO Everything in Paints, Oils, Glass and Brushes Becker Paint & Glass Co. 12390 Wisconsin Ave. West 67 | FLAT TIRE? ' MAIN500 LEETH BROTHERS Service Charge Never Over SLO and who were returning from a visit to thelr native first saw the light of day on the Bel- genland. She was placed under the Belgian quota. “I looked at those two little bables in their craddles” said Mr. Curran, “and when they gripped my fingers and pleaded their cause, why, I didn’t need any spe- cial court of inquiry. I just saw there was something bigger and finer than any dismal old law, and that 1 could use but one law in settling their case. So I called the law the ‘high law of inno- cence.’ “Whenever babies, with inten- tions of becoming American cit- izens just happen to make them- selves known a few days before see the Statue of Liberty, they come in. That's all” DECORATED BY POLAND. LOS ANGELES, July 24.—Rupert Hughes, author and motion picture director, has been decorated by the Polish government with the Order of Polonia Restituta, grade of officer, according to word from Washington to_the Goldwyn studios here. During the world war Hughes was a major in the Army intelligence rvice and speclalized in Polish af- e oimgles Yogp 1319-1321 F Street STORE NEWS Close Saturdays 2 P.M. “Fashion Park” and “Stratford” Clothes Adequate Insurance In placing Insurance—on your property, for instance—there are many things which should be con- sidered. Things that, perhaps, you may overlook. Things you may overdo or underdo—both of which are equally inexpedient. Insurance is a very concrete prop- osition—but, like everything else, one needs the pilotage of experience and definite understanding to obtain the utmost benefit. Our complete knowledge and facilities are at your service. Consultation incurs no obligation whatsoever. Boss & Phelps The Home of Homes 1417 K Street Phone Main 4340 All $40 Suits, $20 All $50 Suits, 525 All %60 Suits, $30 ‘A wonderful cfiahcie to prepare for fall! A _saving .of 50%! More than 1,000 wool suits at HALF their original prices! These are the fine summer woolens, 1nclud1ng our noted lines---“Stratford” and “‘Fashion Park” Clothes. Coats are unlined, but beautifully fiqished } the French«faced style of tailoring. Delightfully cool during the hot weather.. But all these suits have vests. Put on the vest and you're ready for fall weather. Don’t underestimate the great saving you can make in buying now.'We KNOW that wholesale costs on wool suits will be 25% higher in a very few months. Original prices must go up later—and today vou can buy for ONE-HALF the present valu- ations., .- ‘. : We Must Add the Actual Cost for Making Any Necu_my Alterations > 2N TAVAVAVATY At Roach Drug Store, 8th & G Sts. SE, you can obtain not only good drugs and toilet articles, but also the finest cigar Off- terdinger makes- DEER HEAD PERFECTO Rich and Aromatic 10c Man! you don't know what vou're miss- ing if you haven't tried a DEER HEAD PERFECTO as vet! Drop into your neigh- borhood store today and load up on thece satisfyving smokes at 10c per! TAVAVAVIA Actual Size of the Deer Head Perfecto 10c Henry T. Offterdinger Manutacturer 508 9th Street, Bet. E and F Agent for Comoy Londan-made Briar Pipes and Smokers’ Articles Massachusetts Park Washington’s most beautiful residential section of detach- ed homes. Containing seven million feet of forest-covered land, with six miles of improved streets. Includes what remains of “The Triangle of Increasing Values” between Connecticut, Massachusetts and Cathedral avenues (Woodley Rd.). Over four million feet of land sold. Over ninety homes from -$15,000 to $200,000 built and under con- struction. Wooded villa sites, lots and central and side hall brick homes, with lots from 50 to 115 feet front—Park Office, 32d and Cathedral Ave. (Woodley Rd.). Middaugh & Shannon, Inc. Woodward Building, 15th and H Sts. Estnblished 1599 An Outstanding Value Quincy Street just off 13th The best buy on today's market in a new home. Several sold. COME OUT TODAY SAMPLE HOUSE OPEN N. L. SANSBURY CO., INC “Everything in Real Estate” 1418 Eye Street N.W. ' Phones Main 5903-4 Members of Washington Real Estate Board S “Out Resommendation (s Your Protection” | —For lhc privilege of sending you a booklet, “The W a~hmg Machine That, Does 50% More,” and thus TELLING about the Laun-Dry-Ette FElectric Washing Machine— 5 Two Useful Articles That Every Woman_ Needs in Her Sewing Basket These will be mailed upon receip‘t of the coupon below, if returned promptly. (One of them would be less useful if you had a Laun-Dry-Ette.) NATIONAL ELE(.TRICAL SUPPLY COMPANY 1328-30 New York Avenue N.W. Please mail a Laun-Dry-Ette Booklet, with . the 2 useful aids for my sewiug basket, to: Name Address National Electrical Su 1328-30 NEW YORK AVENUE MA!N 6