Show i EXPELS I. I J BROWN JD AND YOUNG New Mew York Stock Market Lets i Men Out Without an Explanation 4 WERE CAUGHT IN TRAP Harriman and Rockefeller 14 Said to Have Caused Firm to Fail ew York lork Sept 24 The 4 The expelling r or ot A. A o. o Brown Drown and Lewis G. G Young S leading factors In fri the defunct firm of rC A A. O. O Brown t Co from the New Ne York stock Block exchange cre created ted a mild sen zen S t. t today todar Their expulsion was waR an an- S b by those who ho are In touch S with th the plunging operations of or the I d defunct firm Thle Thies Is s the tho fIrst lime in n years that any auy member of the ex exchange OX- OX change has been expelled Many have been dropped from Crom the tho list and their seats veat C ats ordered sold but hut C few w In the tile hiu- tory of or the exchange c ha has ha been asked to step down n and out without being permitted to establish some somo sort of an excuse According to an amazing story told this afternoon b by a a. member of the ex OX- OX change H. H IL Harriman and William G. G Rockefeller ll r sot set a trap for a big bear trader alleged to be Thomas Thomai J j.- j. of oC Boston But flut when tho big bg Inter Interests ts behind the guns gune discovered that the they had made a a. mistake In the they Ju jun juit t Allowed the Brown n fIrm to go to the wall wan in the natural courso course of ot events won ts Immediately following the opening of ot the exchange today President Thomas went t to the rostrum and read the tho fol fol- fol lowing notice from tho board of governor gov- gov gop ernora n port rt nr or I f he lie As As a result of an In Investigation atlon by hy a special committee appointed by the tho board loarl of governors to Inquire Into tho the transactions on tho the exchange on Aug 2 1 2 1908 os charges wore were preferred a against Albert Ib rt O. O Drown Brown and Lewis G. G YoUng Tourig the stock exchange members o othe of oC the firm finn of ot A. A o. o Drown Brown Co 0 which charges charge were to the effect that the they had b been en guilty o of conduct and proceedings pro pro- inconsistent with Just an and equitable principles o of trad trade f Upon these charges a hearing has ha beon been had In accordance with tho the procedure pro pro- prescribed by the constitution with tho the result that tho the charges have hav been leen f and Albert Ubert 0 O. Brown Drown and Lewis G. G Young have ha been e ec- ec polled S A O. O Brown Drown Co said a n member memberS I S o of the exchange who ho has baa been beon on the tho bear beor side of oC the tho market for tor some flomo time S. S possibly waited for Cor such a 0 drop as oc occurred oe- oe S this week Thomas Lawson wan waa at t first suspected of ot being bo- bo hind th Jar large o selling orders put hut Jut out b by th the New York stock exchange house hous I and then suspicion shifted to Daniel G. G S lOid and the Van Yan or ens Find ll he COfO The big big- bigbull bull interests who had bad b been boen en carrying car Jar re amount amounts of ot stock In the hands of at their brokers concertedly called upon their brokers for tho the physiCal cal production of ot the tho stock on tho pre pre- te text t that thc they had determined to place them for or their bank Joans loans An n exam 1 i f nation of ot tho the made matJo to the tho thoi I Now hou J CJ T fIr I. I c t h r- r J. J nt 1 oc e F. rJ S TIfe T pt th the b U I lc loaders an tiK the custom tul l Is hil th-se th e stocks r to borrowers borrowers- I fly hl n A. A O. O Dro Brown n A. A Co Cu- ond I obedient Jb to tiie demmus dentts of ot th lr principals prin ll they called d upon A A- O. O Brown Bro K Co lo to them thuin th the tra trap wags was wag s ru g. EC A A- ABrown A O. O Brown Co had not the thc stocks 1 IH n having de dc- dc V v t um m fn O on ori pr previous sh short u-t u sales 1 aThO c. t. t IU- IU i- i Is iz nl the i-the hll did dia If S 5 rc r buy them t S In lq t oe t en naM XA tl ct V I. I S 'S n tf cx efforts to toi i borr arid and failed tailed r- r f mm SUI hod n On Friday Priday night A A. O. O Drown Brown Co was t hl-t shares which had S S accumulated the tho week weel l On FriS Friday Fri Fri- S day tay th tb the cheating house houMe was as olos- olos 4 e mid A the f t r lr u could Hell on Friday S V at and have hsc until Saturday night to row Mil Much Kuch ai shares On Saturday the tho rn 01 bought In shares notS net not not- S rind and at that the market closed l lower lo than 1 it t open opened ellI ell I The rue report of the board of cov- cov S Rays RYS J I the their Realizing helplessness of condition they formed tho the desperate V r r 5 i Idea ea of ot creating demoralization and 1st 11 S pauI In the minds of In e Investors tors dealIng dealing deal- deal r ing on 00 the New Kew York Yole stock exchange r. r to lh the end they that might bo be enabled to cover ri v N T ls was t.-II t. 1110 situation Saturday tc m b S 'S 1 nut But over oer SUn Sunday the bl bit big bull bun In- In J t tn re te t learned that the tha game frame being bunted In tn Brown Co was not nol worth 1 S While No big biff be bear I operator was trad- trad lup the firm who could settle V 1 I If the longer Cr were h held ld out of or S the market and E several etal million cleaned J S on the deal w which had hac been ac- ac on Monday b 1 by a n sharp advance I I of ot f the stocke to such Huch a 3 ice pilco e aa 08 th the tul luP Int estt determine Jr upon Aa It was It seemed no use to toT T J 0 gt at t with Ith It J 4 A O. O Brown Co would Rim simply ply 1 did 1 and thero fail 11 as olI they thoy anyhow an fl S 'S would be no tin money In It f fr r the bull buH t l So the tho plan lan of tho the t. t w WC z suddenly nl abandoned whereby the tho bull 1 Interests agreed cd to restore to the tho r. r market i 11 Of tic 1 lad a ad withdrawn n ns as I ral as j he f n C Joary ao tu tv protect pro pro- 5 teet th 5 |