Newspapers / The Daily Advance (Elizabeth … / Jan. 7, 1924, edition 1 / Page 3
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Bucket Shop Ethics Puzzle To Receiver In Bankruptcy What To Do With Sucker List That Cost Brokerage Bucket Shop Of Scott, Morris and Company Something I.ikc $100,000 Presents Difficult (Juestiou New York, January 5 ? Is a "sucker list" which cost a brok- 1 erage concern a cool $100,000 a legitimate asset after the firm! has been thrown into bankruptcy? This question of bucket shop ethics is up for consideration before the special Federal com missioner in bankruptcy in this city. There is -no doubt that a lot of questionable concerns would pay well for the list. This would help out the poor "suckers" who trusted thei.-! money to the failed concern. Rut would it l>o fatf to hand over the "suckers'* on tin* $100,000 list to some new breed of wolves claim ing connection with Wall street? Ever since the cotton brokerage , bucke.tshop of Scott. Morris and Com-1 pany, was closed, the sucker list has' be* -n impounded among the other "assets." Possibly it has been the; most valuable asset ? the only one of; tangible value. For when this con- j cern failed it "failed all over." It bad reaped a harvest throughout the j South, but the harvest has disap-. peared. Only liabilities remain. I Today the sucker list has been J taken from the other assets and ( placed In a special account. It has j not beeu thrown away. Its dispo- 1 sition remains a problem which the future must solve. The list natural ly has no great value to any legiti mate business. But it contains the names of between <>5.000 and 70,000 of the choicest suckers in the entire countryside. This particular sucker list was made up from many other sucker directories. It might be called the "blue book" of sucker's. All the unproductive suckers were dropped in its compilation. Only those that bad bitten once and were legitimate "fishes" for the future were included. The cost of compiling this parti-1 cular list was in excess of $1 a name .and it was naturally guarded by j Scott. Norris and Company, with th** utmost care. Only the most trusted employes were permitted to take it out of its bed of lavender and old lace in the company's vaults. When a receiver took charge of the firm** affairs it was found that the furniture of the offices and the sucker list constituted a major por tion of the assets. This has placed the receiver in an ethical dilemma. His duty to the creditors is to get all he can for them. A surreptitious sale of the list might easily net $50. 000. Hut it probably won't he sold. ?It ought to be destroyed so -as to make the work of future bucketeers more difficult. solved in this city. Apparently tlicre is no way of reaching these I * wild cat concerns until some poor j unsuspecting investor is hit and hit , hard. The shops run along for a long time on the money that newi' suckers pour in from day to day. ! Some of the innocent are even per-1 mltted to make small "profits" dur ing the early periods. The various stock exchanges assert* there is no plan by which they can be made re-, sponsible for the bucketeers. The various telegraph and ticker services which have been hit In the failures from time to time have} adopted a new policy of dealing with the brokerage concerns that spring ! up from time to time. They make them deposit $50,000 In cash to meet telegraphic bills and other wire ex- ' penses. , When this advance sum be- j comes seriously impaired the- service.' stops. SUNDAY COLDEST DAY FOK NORTH CAROLINA Kaleith. Jan. 7. Sunday was one of the coldest days for North Caro- : lina in history, with temperature in j some sections at noon four degrees below zero, and the highest report- ? ed at Wilmington where It was 12 above. Gambrea Concert Artists HIGH SCHOOL AUDITORIUM WKDNKSIMY, JANUARY o, H.'M) P. M. Tills hlfth class musical attraction has been secured by the Music De partment of the Women's Club and tbe Musle Lovinjr Public i* assured that- these A ftTft* wllf furnish a pro gram of the brut in music beautlfull ly and correctly sung. ADMISSION. 7.V; all Hem Is lte??eive<l U. fl. AXD ?OODVRAR TIRICfl For Kervk*t? and Sat Isfartlon AUTO blPI'LY Jk VULCANIZING Company 1 rilOXB 497 NOTirK NofW-a t? h'frM vhm 'hat h. Frank Swain hi* ht? mnnrriicin ?lth and I. nM reM?>n?lbl# for ant ftttnrr cltllaaf k?n. >4 ihf rKNTFIAI. Fll.l, ISO STATION All r*r*.>?i in.l.-h?^.t fn ..Id ( KX THAI. Kl l.l.l NO "STATION ?r* h'relw rmHWWl fa mak? tbtlf r?nil(ianrr? ?l?rwt to th? offk>? of lh? Mid (-KNTHAI. Kl I.I.I Nil STATION, rnrnrr of Madkrai and Ifoad orMi, KlltabHb ntjr. N. C. IHfwl ihl. 3M da? at iwrnfe r. lull K FRAN M SWAIN. *?.1*14 21 - CSNTII Al. rllJ.lNti STATION. \\ ill ianiMHi-f Barrett The marriage of Mix* Kthel Mae ! Garrett of this city and Mr. Malcolm ; James Williamson of Tarboro took, i place at tin* home of tho bride's par- 1 ents, Mr. and Mrs. A. C. Garrett. j North Martin street, at 11 o'clock Saturday morninu. Uev. I*. 11. Scat-i teruood performed the ceremony. S The bride, who Is a pretty brun-1 nette. was dressed i ti taupe grey.} I hat. frock and shoes being ?>f this; , color, and she carried a bouquet of sweet peas and rose buds. Sin* was' given in marriage by her father. The ! groom had as best man. his brother, i Mr. Thomas Williamson, of Kooky ! ! Mount. ! After the ceremony a three course ? {wedding breakfast was served at which the bride rut the wedding | cake. During the afternoon Mr. and j [Mrs. Garrett left for Florida, andl I after January -11 they will be at' 'home In Tarboro. Among the out-of-town guests at-! | tending the weddin.u Were the I groom's mother, Mrs. Mary William son, of Tarboro, and his brother-ln I law, Robert Brently, of Tarboro. IV KS.KI' I.I'M Kit A quiet wedding was solemnized i Saturday afternoon at 2:3U, when I Miss Loan Mae Fulpher became the I j bride of Mr. William Ray Ives, both; of this city. The marriage took plac- j SPRINCLCSS SHADES Last Longer?Look Better |: a .. / I I t | Is Your Watch A :|: Dependable One? If it is not, why not start ?}? the Xew Year with one of | our Elgins. You n ill be surprised to know how cheap we en i sell you n flood wateli. H. C. BRIGHT | I COMPANY ?'{ H1XT0X Hi. l)C,. f. J | FRESH 1 FRUITS Whf? you want rellnble ?ro X eerie* at price* that ar? fair call M. P. Gallop Company nioxKs :i and 57 Corner Main anil Water St. BRONCHITIS _ ? Apply Viclcs at bedtime, rubbing It well in. Then spread on thickly and cover with hot flannel. Arrange bed -clothes so s apors will be inliuled. VISJJS I at City Road Methodist pareoraie, j K?*v. Daniel Laiif officiating. The bride was dressed in grey. Ini : mediately aft**r the ceremonv tMe 'young con pie left for \<>rfolk. All* r (the honeymoon Mr. and Mrs. Ives ;will make their hone in Eli&iib? tii j Cit>. I Mrs. \V. W. Midget t and daughter. iThelma, of Kitty Hawk are in t?i* , city. I 2 STCM'KHO|.I>FHS 1 S\\l\(iS HANK * TKl sT CO. Tlie annual of th?* stock holder* of this ba.ik, for tli** * l?*olioti j *?f directors ami th?? transaction ??t ' such other bu*!n?'.*s as mat Ik* brought bt'iorc i(. will be !i? Id at ltsj banking lious*'. Hlizabcth City. N. C..' on Monday. January 14. lt?24. b??-| tw?rn the hour* of 3 and 4 p. in. j H. tl. KHA.MKR. Cashier. dfC.Ul .ja'n.4.Jan.7.jan 1 1. ? si, a THE ONE SALE ? 1 g] M E N W A IT Foil IS] 1 THE WHALE I s OF A 11, SI 11 II I SALE . I1 ? \Y 1 I. I. II K <? I N | THURSDAY, JAN. 10 | WEEKS & SAWYER | a ? aiai EVERY WOMAN of this day and time Is anxious to liave their home beaut!* fully furnished. We believe that we are best equipped to furnish the home ? from start to finish. J That is why we ask yon to come and see for yourself. I Quinn Furniture Co. 1 The ?,Q" In Ql'LNX'S Stands for Quality *?| **? i II What Does Thermostatic ? Regulation Mean? I ft ii It means with us that when something lat is being ! ?in temperal cally shut off that is being heated by gas reaches a cer- ?? tain temperature, the gas will automati We sell gas radiators that do this for, when the steam they create reaches a cer tain pressure, the gas shuts off. Thus your room is kept evenly heated. Ask us about them; they'll heat your house, or office, splendidly. Southern Gas Impt. Co. '7/ it's done with heat, you ecu do it better with Gas" ? FOR HIGHEST MARKET PRICES i Ship COTTON To ! WINBORNE&CO. V NORFOLK, VIRGINIA They pay draft* for 90 per cent on cotton l? be sold on arrival and 75 prr cent*f lo l?e ttlored. ?*???????????? ???o ??o Ifurnitore ?SLIGHTLY USED AT? 1-2 PRICE ?AT THE Auction Store Matthew* Street E. L. Silverthorne, Mgr. Baek of D. M. Jonen Co. ALKRAMA THEATER Tuesday & Wednesday Jan. 8 and 9 Mary Pickf ord in the characterization of a little cockney laundry drudge in ? "SUDS" builds the loveliest dream castles out of soap suds ? It is one of the rare produc tions that goes straight to the heart and awakens all sorts of human sympathy ? strong and moving ? and with the measure of humor and pathos that is insepara ble from its realism. Admission 10c and 30c Matinee and Night
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 7, 1924, edition 1
3
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