1911-09-30 — Page 7

THE RIGHTS, DUTIES AND LIABILITIES OF

SHAREBROKERS,

"THE HONGKONG TELEGRAPH SATURDAY SEPTEMBER 30 1911

POKER.

Greenhut Averts Riot When

| Five Kings Appeär.

could probably not havo sold for cates, and a valid transfer duly generally admittted that he and Iko Bamberger's confidence as he raised it. Thon Halsey and Win- and they recommenced with good |

"Look-a-here," said old man so I must appear, well healed in bvely respect and to learn if he's lookin' on. That numbete, unless the principal de

eager for the game.

is, we uns don't stand f'r nobody Greenhut, with sudden inspira behind the coffee-pot liberately accopte such contract,

tion. The good book tells how tending to take an The first of the four was Sandy buttin' in." knowing of the personal liability

Butts, who had carried the He was plainly looking for the children of Isnel, when they interest in the conversation, while (otherwise, thin legul) of the

challenge. Another was Bon trouble, but though Bamberger got all let up, useter clase a goat in reality I am quailing at the broker to carry it out. But nu

The arrival of big Ike Bamber Currington, a seasoned veteran glared at him for a moment there out into the wilderness, en' then thought of the day before me.

sot down an have some peace. At den o'clock lam aiting in who had never been known to was no outbreak. N Copyright

doubtedly if the principal ox-

ger with a small cohort in Ar- appear excited under any oir- Mobbe you're right," said the Looks like the good Lord dons sent my dressing gown in my own pressly instructs the broker to

kansas Oity was an ovent of bo bumstances.

offonder, coolly. Anyway it'e Pepper here f'r to but in just in room. My maid dresses my hair, (Continued from last Saturday.) enter into a contract of that

small importance omong sporting often boen suspected of house.”

A third was Billy Hulsey, who too soon fr to have rough time to be the goat. Mebbe if some my secretary takes down my letters o you uns'd chase him out into the only the absolutely necessary description, boing aware of the

river, there'd be consid'able more letters, for every sitar lat It has, without doubt, happen- difficulty or impossibility of the mon on the Mississippi river. od in Hongkong, times without numbers of the shares being in-

For a number of years the reel, and the fourth was the one thrown down his hand, and there is. Mak

sleight of hand but never detect But meantime One-Eye had harmony into this here game nor answer I put six on one side to await another day. And all the number, that a perfectly honest serted therein he is liablo to

putation of that town as the houd-yod man, whose presence in Blaisdell, seeing no object in con- At the word every man in the time the telephone rings, aud. sharebroker has, in total ignorance indemnify the broker.

quarters of the most renowned Arkansas City was ardently de- testing a hand with Winter-room sprang forward, and a few people ask stupid questions until

of this rule of Equity, taken a pro

poker players of the South-and sired, especially by Joe Bassett, bottom, also folded.

moment later the helpless Mr. long to seize the instrument; A further duty lios upon the therefore of the whole world-and who would certainly not The next for hands were play-Pepper made a loud splash in the throw it at the ceiling, scream,

have ventured, to visit old-man. fit by way of brokerage from bollurebroker, upon the combul beca stoutly uphold by old teenhut's autoon alone because ed in silence and, without in water.

tear "my liri, shd run out and the buyer and the seller of shares, pletion of a contract to purchase

portant results, but when Halsey Whose deal is it.?" asked stamp on a policeman. Instead He may have inflicted no actual

mun Groenbut, and though there of several previous experiences. denit there was a jackpot, and Carrington, as the players re of which I the woman at the shares, to deliver to his prin- wrong whatsoever upon either

A better equipped party One-Eye opened it after Winter-aumed their seats after a round other end darling," and book were many who would fnin.de tract from it, it had come to be could not have bou elected hottora had passed. Blaisdell and of drinks,

up one of my last remaining party to the transaction, for he cipal both the sluro certifi

for the enterprise and big Carrington omo in and Pouranll

"Minos Á

Baid Winterbottom, luncheon dutes."

Then there are endless arrange at least some ground for his con-fed it up to old man Greenhut's terbottom dropped, and One-Eye humour a game that was talked of ments to m ke, invitations to send

bar was, to say the last, not sur

for years after throughout three out frding or parties and a hall I prising. The only sign of om raised back.

am giving at the end of the month, tion that could be detected in the

florists and caterers to interview, Arkansas City crowil was the vin-

and all the thousand and one littio~-~- dictive gleam in Joo Bassett's eye

| difficulties and muddles to endooth ont that must crop up day by day when he saw the one-eyed man He lind

when one is so ohoked up with mong the visitors... no hostile demonstration till after $100. pledged himself, however, to make and throw in a blue chip for the game.

inore, nor bought for less, than the stamped. The latter document must be in the form required by puroline price, and ho may have

the Articles of Association of the been totally unconscious of wrong. doing. Nevertheless he commit Company, or, if no such form is ted a breach of his duty, and the given, in the usual or common form.. If the Articles of AssocİN- transaction could have been re-tion require the shares to be trans pudiated

either of his two prin-ferrod by deed, this should be cipais, or either of them could filled up and excented by both have compelled him to account for the transferor and transferee. A the profit ho had made for himself blank transfor-one which is if he omitted to disclose to each executed only by the transforor,

by

tention.

No other group of professionals had so high an avenge of win nings ng the half dozen who played in Greenhut's saloon, and though there had been instances which outsiders had despoiled them of some of those gains, such decasions were infrequent.

Moreover, it had come to be

in

Blaisdell stayed, thinking that stated, Pearsall might need co-operation, and Carrington, perhaps for a similar reason, put his money in,

# but Pearsall said once more,

One-Eye's Silent Way.

The etiquette governing the It was the first play that had occasion, was duly observed when seemed to promiso important re-

invited all present to participate. was, deliberated." Looking

*First

[By

TRAGEDIES OF PLEASURE.

Society Woman in the social engagements. "Daily Express."

am through by eleven o'clock, and, nwardly hoping that my secretary will not send all the wrong letters

I am very lucky indeed when I

"Oh, ye brave," cried the poet

the fact that ho was also acting as the name and description of the understood that for any outsider Bamberger called for drinks and sults, and One-Eye, as his custom Campbell, "who rush to glory or to the wrong people, and ask tho agent for the other. It is the transferee boing left in blank-is, to yonturo alone insuch an effort here was no hesitation about the at the adversary and then at bind the grave!" Helter-skelter, hurry- Duchess to come and sweep the

making of "sectol profit" by an

agent-that is to say a profit which

is not expressly disclosed to the

principal, and which might have the effect of preventing the age from doing his utmost for his principal, which is so much de precated by our law (By the Prevention of Corruption Act 1900 not extonded to Hongkong —it is expressly provided that the

in such a enso, a void instrument

a

chimneys, and the sweep to stay. the week-end, I go out shopping

with my daughter. tuken me exactly seventeen I have an appointment

in law (Powell v. London and Pro. was foolhardy, and that even an esponse, but it was noticeable that own cards, he seemed to be study-scurry I am rushing to glory.

I am what one calls a society rincial Bank (1803) 2 Ch. 555), al. invasion of Greenhut's place. into one in the crowd took a grown ing his chances. Then he put up though it appears to be customary numbers was by no means devoid man'a drink. Greenbut's red three blue chips, saying nothing, women, and, that is why it has to accept blank transfers in every wril. The Arkansas City moniquor was too potent for safety as was also liis custom.

Blaisdell and Carrington roal-minutes to dictate these few with my dressmaker, she, too, though a blank transfer is wholly instance in Hongkong. But al-were as doft with weapons as they when a struggle of wits was pend-

ing such an was expected just ized that they were not likely, poning lines. I have a brain has to try on three frocks,

I know I have but from May then there inoperative as a dead, it will were with cards, and more than then.

areats, and within the limits of the game, lo Nevertheless several rounds be of service when the bets were 15 to July 31.1miglit as well gloves, and all sorts of minor oporate in equity as an agreement once the sudden breaking up of to transfor, and will give a right game at a critical moment bad worecalled for by one and another running so high, and they both wrap it up in brown paper, and chiffons to see. to, to say nothing dropped, but Pearsall said grin-store it in the linen cheet. I have of two picture shows that I have to demanda lagal transfer (Morris brought disaster to the invaders. betted the importance of the occasion, and, all present 11 had, therefore, come to be

this moment struggling to dictate to lunch at the Ritz at 1.30.. Cannan 4 D. F. & 3. 581. Mus-

somne,'

"and he put up four blues, grave and Hart's Case L. 1.5 Eq. understood by all the professionals observed the formality of at least 15. Reckon I'll have to h'ist that is time to use it. Witness meat promised to visit, tearing back 193.)

every word

After lunch I have a bazaar I along the river that Greenhut's seeming to drink. Then Bam- and One-Eye, still silent, pushed sense, and Laking or giving, of secret profit It not infrequently happens saloon was among the least dosir-berger said, as if moved by his stack forward.

sudden curiosity:.

telephone by my side. by, or to, un agent, under certain that the seller of shares is notable of all places in which to circumstances, shall bo punishable himself possessed of the certificate, angage in their calling. And

but that this has been left with this, while it was enough to deter about you uns' game o' draw; and Halsey picked up the desk prisonment), Instances can well has noted on the Torm of transfer on the other hand, a continual you uns know how to play the down again when the two players that I frequently regret that mythem town to tea and pola vat as a criminal offenes by fine or im- the Secretary of the Canipany who most of them from visiting it, was, pears like thiere don't nobody but to serve the draw, but laid it be conceive whore a broker may the fact that the cortificate has optation to the more venture-gaine proper, 'cording to what's stood pat and showed down destiny was not to go out char Ranelagh, and incidentally have

.

"We uns is beerd'd consid'able

Pearsall valled with all he had

said, an' wo uns is some desirous their hands.

•

ja

punctuated by the ring of the um on the committee, and I have L'am told that there are those to help to receive royalty, so I who envy a society women her must go. I have a garden party life of case. I am free to confess in Regent's Park, I have promised

some Canadian 'friends to motor

ing. Sorubbing floors must be act perfectly honestly in his been so folged. In such a case one among them.

o' seoin' how it's did. 'We don't One-Eye had an ace full, a healthy, happy life, and, at any to squeeze in two wedding re- ceptions, some half-dozen "At If it was harder to win there onderstand overly much about it, but Pearsall showed own opinion, and in that of his all that the broker can obtain for

four rate, one has leisure to be one homes," and a visit to the dentist. employers, in selling shares, for his purchasing principal is this than elsewhere, it was also true but we's anxious for to l'arn and kings and ronchod for the f

I arrive home at 6.30 full Gertificated transfer. But as a that moto glory was to be attained we dropped in for to see any pot. Before his hands were on The social whirl of London in ono principal and buying for document of this description is by the winning, wherefore, from, body round here had the nerve to the chips, however, Halsey spoke the season is a dente: that is called tea, and weliloh up to the nook-with-the-wash: another. Where a principal is not in itself evidence of title, a time to time there were ox-play f'r reel money,"

up suddenly, but quietly.

agonising thing. It is all very from politeness one has to sip desirous of obtaining ready money is the certificate. (Wurch L. viting events in-the-dingy little His sarcasm failed to rouse Pass like there's consid'able well to talk of the sins of society and I lie tlown in a state of stupor immediately, and instructs the buyer may refuse to accept it assaults that had been made upun City then so far as outward seem said. "I discarded one on 'em ment for any crime one may have

v. Carawagh. (1992) A, C. 117) back room. And despite all the even the notice of the Arkansas many kings into this deck," he to be in society is amply punish for half an hour before dressing broker to soli cortüin sluares on Bin performance of the sellor's the prestige of the pluce seeming showed antlold man Greenhat my ownself." And he turned committed. Why do we do it; rising market, which he well knows contract, and the broker should ad to be increasing, to the great replied mildly: to be rising, if that broker informs warn him of the possibility that fiscontent of all who aspired to him that he can sell such slures it might turn out to be valueless, professional fame. to a customer of his own at the if it should afterwards be proved that the certification of the trans-

the best price obtainable. Simi-transferee's title to the shares, or larly no complaint could justly bo to issue a fresh certificate there- made by the purchaser, if he for (Longman v. Bath E. T. Co.

|(1905) 1 Ch; 840). were also Tully informed of the fact that the broker was selling 'lum shares of another principal, and if it were really a fact that the shares could not then be pur- chased at a cheaper rate, so far

as this could reasonably be as certained. Strong as the law is

ing

attained that distinction, he aspired to more."."

Greenhut the Leader.

.8

ometimes.

what by this time can only be gather up my daughter, and with. described as a pulverised grin I set forth to a political reception and four balls.

At all of them, being a person:

for dinner. :

While I am dressing I inter- over the hand, he had thrown why don't we go on strike and Evasive Reply.

down, showing that it did indeed retire to our cabbages and the view my domestics and do some more telephoning; and at sight "I dunno how that is. Some o' contain the king of clubs. peace of the country side? Among those big Ike Bamber the boys plays cards in the back "Foul deck, aura ́enough!" Well, I can only answer for o'clock, a bright smile glued and my husband and market pries of the day, and the fer was ondorsed thereon by wiser. was a prominent figure room when th' ain't nothin' else to ejnenlated Bamberger, and the myself. My husband is the firmly on,

younger son of a wealthy peer; daughter sro dining with friends principal expressly instructs him take, or in fraud. Even if the also a reputation as a fighter pinochle 'r poker 'r what 'tis they

Himself a player of renown, he to, but I couldn't say whether it's big sheriff fiercely retorted

"I tell'd ye oncet; as there he is in Parliament, he has social in Grosvenor square. It is all I to do so, no complaint could certification has been originally

Indirectly, he was held to be properly endorsed by the Scere

wife. There is the whole tragedy telligent conversation; appetite justly be made by the principu tary, that fact in no way binds the peer of any professional in plays. Mebbe Winterbottom o'd wa'n't no buttin' in stood for aspirations, and I am a dutiful can do to keep up any sort of in-

of my life.

is a thing one says good-bye to: if the purchase price were really the Company to recognise the the Mississippi valloy, but, hav-sot ap 8 game for ye. He plays What the hell is it to you?"

The two men, thoroughly an- "All depends on what you uns

"I'm busy at the House," he at the beginning of the season. oalis real money,

said Jake gered, would have been fighting telle me; I have no time for Altor dinner we go to our box Winterbottom with an aggravat- the next instant but for old man social duties. You must get at the Opera. I always ended- vour not to ask friends to go with Old man Greenlut, as was wol ng drawl. "We uns ain't much Greenliut, who bustled into the around and represent me."

What possible good it will do us, as this gives me an oppor In view of the fact that the known, geldom touched a card used to no big game. We gon'ly room, bungstarter in hand.

"Noshootin' on the premises! him to be represented by a tunity to snatch a few minutes to Articles of Association of a himself, but by his ability, as an buys a thousand piece f'r a

Campady invariably provide that organizer and his profound know starter an' plays table stakes.ho exelaimed, with the bung-wretched wisp of a woman, her while the lights are down. At eyes bulged up with fatigue, her about eleven-my husband hay- ledge of the principles governing Mebbe that wouldn't suit you uns, starter poised for a blow. it shall have a lien on member's shares for any moneys the theory and practice of draw but I can't say whether the boys "One thing to a time," he fresh complexion turned to putty ing gone back to the House-I wing by that member to the Com- pokor, he had come to be the 'd caro much about goin' furder'n continued, seeing that Bamberger by late hours, I don't know; I pany-on any account whatsoever, acknowledged loader of the most that, not "thouten they got some had hesitated. What's this I haven't time to think.

Then, too, we have a daughter. it may further be said to be the famous group in the country, and bet up when they'd played a heer'd about a foul deck?"

They showed him the five kinga, Andaince she has turned eighteen, duty of a broker to his purchasing the knowledge of that fact embit spell."

sored Mr. Bamberger's existence. Oh, well," said Bamberger, and explained matters, but even and is out," I must perforce go with regard to the duty of an principal to ascertain whether or

BOL any such lien is claimed by the Selecting Natihez as his bond- that'll do well enough to begin, he was unable to devise a pretext everywhere for her sake. Where agent to his principul, it is eCompany on thoseller's shares. As quarters, he had established a on."

for the claim that Pearsall had four out of six balls would more of some importance, I am taken than do for me, I must rush round down to supper and expected to coodingly doubtful whether, undor already stated it is the duty of the temple of fortune there which And they discussed the pro won the pot.

ost it.. And my daughter, being "I reckon you'll have to drawn the whole six to exhibit her. ough circumstances, either party broker to obtain for his principal soon attracted much patronago, liminaries. The first difficulty

I am considered a model society young, is dragged into the mon A document and in one of his side rooms he was to choose the players, and in down what you all done put in," could repudiate the transaction, a valid transfer. fall disclosure of his interests purporting to transfer shares in had instituted a game of poker order to make matters even it was he said, a little sadly, "an mebbe woman, I shall die-if I live key-cago called a ballroom and a Company which claims a lion well calculated to compel the decided that there should be a six it's some lucky 't there ain't no long enough-a society leader. I expected to dance. This really dred other folk the use of your having been made by the broker. thereon for a debt due from the attention of the most expert handed game. Winterbottom, evidence of who rang in that there am sure of it; and it does not consiste in allowing a few hun-

One of the most important seller, and consequently refuses players who travelled the river Blaisdell and Pearsall made up extry card. There can't nobody thrill me one little bit.

Just let me tell you-you who feet to stamp on while a band he home team and Carrington, play cards into my place what's duties of a sharebroker is to see to transfer the shares until such boats. that the contract ho puts through

debit is paid, can hardly be said Mr. Bamberger had no reasor falsey and the one-eyed man took did a thing like that. Not if he's are envious of the society butter from Brixton in a Hungarian to be a valid transfer. In fact, to complain of his, venture as the other seats, ·

caught lie can't. I'll get ye a freshly-how I spend my days. One uniform bangs out nerve-racking on behalf of his principal is at the case of In re Hoylake Ry business proposition, but that Play began with Winterbot deck, an' you "all had better skin is much like another, so I will dance music with persistency valid contract, that is to say one Co., Ld., L. R. Ch. 267, it is alone did not satisfy him. He tom's deal, and the first hand it down afore you begin playin take yesterday. I have not time worth of a better cause.

to remember further back. We Why every London hostess which can be enforced in a Court expressly inentioned in the judg-yearned for old man Greenbat's furnished some excitement. One- again." of law. As was laid down in the ment of James L., J. that, under distinction, and planning to attain Eye had anted a white chip or There was no appeal from this, start with the dim, grey hours who gives a dance should Buol circumstances, the transfer it or something like it, he began 86, and Blaisdell came in. Car- but One-Eye said quietly of dawn. A weary aired ask at least three hundred case already cited of Perry v. may be deemed to be void; the organization of a group of rington, Pearsall and Halsey all reckon there's too many lookin crawl to bed at half-past three. more people than her house Barnell, Coates v. Piercy, and although it is not so if the right to players who should fairly rival dropped, but Winterbottom stay-on at this yere game. Pears like Sharp at half-past seven I am could possibly hold, even other cases, if nothing is arranged refuse registration is not persisted the Arkansas City experts. ed, and One-Eye raised it a red, we uns o'd play better if there was called. I gulp down a cup of boil-if they all stood shoulder to

After long and careful effort or $20.

less doin' on the outside."...ing coffee, plunge into a cold bath, shoulder and never moved, is a between the broker and principal in, but is waived by the Company, as to the nature of the contract to be An apparent, waiver, however, he became so well satisfied with That suits me," said Blais-There'll be somepin' diddin' scramble into my habit, and soon problem I will not attempt to on the outside, all right, if you'll after eight Lam riding in the Row, tackle. But I do suggest that entered into for the purchase of which turns out to have been the result that he sent one of his deil, and he put up two rede.

made by mistake, may be rectified most efficient men to Groenhut Winterbottom said nothing, step out with me, anid Joo Bae. If I had the Row to myselfI would weary, matrons should be allowed shares, the principal is notliable to by the Company. Thus where with a challenge to a match game, but he slid in three rade, and be sett, who was now at the toiling rather enjoy it, but to have to face to bring portable camp-stools my friends, and, worse, my upon, which they can rest while the broker under an implied con- shares were transferred by a holder and this man, Sandy Butts, having fore One-Eye had decided what point.

demnity, if the contract who had not paid calls duo there- returned with an assurance that the to do Bamberger remarked oyni-! I didn't come here to fight," enemies, before breakfast, when I struggling up the stairs or waite

said the one-eyed man coolly know that I am looking my worst, ing to get into the supper room, purchase of the shares is on, and the transfer was register-challenge would be accepted, and cally,

ed by mistake on the part of the with a flattering account of his Kind of early in the game for "I came to play poker, bat hand know that they are saying so, And that is the appalling life declared by Statute, or Ordinance, Secretary, it was allowed to be own success in an individual to be startin a cross-out, ain't you're spilin fer it, I reckon is more a torture than a joy. I lead from May to July.

Bamberger'll take you on At nine Lreturn to the house. I ends are no better if one could to be void.

This being so, no cancelled, and the transfer was struggle with Jim Blaisdell, the it ?"

"You was sayin' somepin about Ou, I don't know," said Mr. would love to be unobserved and spend Bunday in town there sharebroker in, Hongkong can hold to be invalid (Anderson's most skilful manipulator of look to his principal for an in-case L. R. 8 Eq. 500). (But vos pasteboard in the state of we uns knowin' how to play the Owen Pepper walking into the alone in my room; but no, my be a chance of a fairly quiet day, Balkis v. Tomkinson (1893) 4.0. Arkansas, Mr. Bamberger had game proper. Mobbe-tain't so, room, I'm what I hear Bam-mother-in-law is staying with but the week-end party now us, and my husband has two reigns supreme, and there da pa demnity in relation to a contract 300);

Journeyed to Arkansas City with observed Joe Bassett, ooolly butbergar ain't over anxious for

[political triande 19 breakfeet more for the parolase alabarng wi

four of the best men on his staff; there's one thing't a fellere

tract of:

for

(To be continued.)

ני

ight