The New York herald., 1871-03-07
DIAMONB CUT DIAMOND.
An Affair Of Two Thouqand Dolers-Ealling Out
Among swiad.ers-A Nice Fair.

At the Yorkvile Police Court yesterday John
Watson, alias Stevens, was arralgned charged with
stealing two nve-twen enty bonds Of the value OF two
thousand dollars from Ellis II. Elias. of 50th street
and Broadway. The circumstances under which
the allegei theft took place are OF very peculiar
nature and 60 TO show that neither OF the two bear
the most envable reputation for probity and honor
Elias testified that he gave the bonds to the &C.
cuscd, who to have sold them to two friends OF
his high rate Of interest. but that Stevens re-
fused TO give any further satisfaction to whether
he had sold them or not.
Stevens stated that he was not guilty OF theft in
this matter, and explains his connection in the
transaction IN this way some days ago two ac-
guaintances, one Of whom is named Jack Sudlow
q well known character, and another, whose
name Is unknown to MIN, informed him that
depositor at the Park Bank, who had been
investing considerably in stocks in Wall street
in which he had lost heavily, and consequently
was unable to meet the demands of the bank, on
which he had been drawing to an enormous extent.
This man was willing to give $4,000 in United
States bonds, which had been stolen, for $4,000 in
good money.
THEIR PLAN
to get possession of those bonds Of his was this-
They wanted first two good $1,000 nve-twenttes to
put into an envelope together with o of other rub
bish. When about to make the exchange they take
assure him Of their genulneness and then thrust
them back again, hand over the envelope
to HIM, get the $4,000 worth OF stolen bonds
into their possession and be off, To any person
giving the use OF two bonds such as they wanted
they would give him four thousand dollars Stevens,
knowing that Elias had some money and bonds also,
IN coarse OF conversation with him about the alalr
mentioned the proposition which his two friends
had made TO him. Elias jumped up and said he
would give the bonds, and sent Stevens instantly TO
find lls Iyiends They met In some place in Broad
way |hs Iark 6anS where the bonds were
ever, would not be Satisfied until he had them
examined at the Park Bank as to their
genuineness. Stevens asked Elias If he were SAILS
an affirmative reply both went over Into the bank,
Stevens says that he was not aware that thcie We're
two entrances into the bank until some minutes had
elapsed and the asgos!tor had not returned Then
-...es.i.- - sMELr RAT,
and lie ran back TO sudlow and demanded Of him
the return OF his two bonds That gentleman took
lne anal, very cooly and proposed to have
street, which he soon left ana spent
tie whole of that night with two de-
,ectives searching Tor the bogus deposition,
of Sudowis. This story The sincerity Of which may
bc doubted or beheyed just as the reader sees IT.
did not seem to make much OF an Impression upon
default OF 5000 BAH, 10 answer. 1t is understood
Shat the police now out IN search or Sudow and
nls friend, the ''deposlIor,' ana the other whose
name is at present covered by veil which may be
stevens resides al No. la4 East Thirtieth street,
where he has q family. lie also stated that Eias
keeps dollar store II Broadway, ana that he has
all ms lifetime been engaged in the invention Of
schemes OF fraud by which to "beac innocent peo-
pie out Of their money. The 'sawdust' and ZEN
velope,' games, he asserted owe there first intro
out Of them The case comes up to-day Tor further
hearing.