New-York tribune., 1878-01-19
A BROKER'S ARREST.
CHARGES AGAINST WILLIAM b. BEND

CHARGES AGAINST WILLIAM b. BEND.
ACCUSED OF MIsAPPEOPRIATING TWO UNITED
STATES BoNDs-THE COMPLAINANT's STORY
MR.. BEND ASSERTS HIS INNOCENCE.
William B. Bend, broker Of No. II Wall
st.. who has always borne good reputation, was ar
rested yesterday morning at the Ncw-York Stock TX
change charged with misappropratng two United
States registered 1910 bonds OF 81 900 each Dccc-
tycs Fields and O'Conncr. Of the Dis'rct-iorney's
Office who made the arrest conducted him To the 1ombs
Police Court, where Mr7. VI. :. sim, OF Woods
Hole, Mass, appeared complainant. In an affidavit
before Judge Murray, Mrs. Sim declared that about
April H. she sent draft for 81 900 the Union Trust
Company Mr. Bend, who her broker with instruc-
ons to purchase United states bonds. Two 81 900.
$500 and 500 bonds were bought with the money.
Bend then advised her TO hire safe In the safe Deposit
Company Iibcrtyst and Broadway She thercupon
dcred him hire the safe. lie did and aitcrwnrd
gave her the key Of the safe, which she supposed
the only one on the eth of May following. the two
81 900 bonds missing from the safe. She states
that she Informed Mr. Bead Of the fact and he expressed
great as0nishment but she asserts that he could give
no satisfactory xpanation OF the In which the
safe opened.
Mrs sim then tclcgraphed all the facts 20 Washington
and communicated information 10 the District Attorney s
Office At the same time Mr.. Bend advertised Of
800 for return Of the bonds The detectives state that
they learned that April ~ Mr. Bend obtained loan
OF 5000 from Messrs Trevor and Colgate, Of Jdunccy
=
67G "a security When the members Of that firm saw
the bonds advertised they called on him 10 take them
back On June - he pledged the bonds with the Bank
Of NewYOfk security for another loan OF $1,000 The
bonds still in the possession Of that bank. Mrs sim
declares that Bend had key OF the safe without her
knowledge.
The case was adjourned for further examination, and
Mr.. Bend was required to furnish 5000 bail His
bOndsnau william II. Ialdcn, OF No. II Fifth
ave. While the court, Mr. Bend gave di-
rect contradiction TO Mrs. Sims statements, and
claimed that the safe hired Jointly In his
and in the name Of her husband-Dr, Thomas Sim
and that either had right Ia open tho safe. He de
MED that re had done anything wrong IN the matter,
and claimed that he could explain his whole conduct
ccrn!ng IL IN such way as 10 remove suspicOn.
The arrest caused much comment In Wal,t. among
hosc who heard Of il, rs II involved the good of
man whose integrity had never been impeachcd. II WIS
known among ms friends that he had been unfortunate
IN business recently but they declared that lMr Bend
was too honorable man To bc led into
dishonesty account Of bis losses Mr..
Bend lives at MOrridOwn, y. j., but formerly
resided this city where he has number Of relatives.
lie IL a brother OF George H. Bend who has
been associated with Henry Clrws In business,
aud who is prominent III mbcr Of the New
York Yacht Club. william II. IIaddcn who
gave ball. Is an uncle Of Mrs. william u. Bend. IIo IL
wealthy and j. well known IN fashionable circles Iie
said last evening that he could give information
about Bends connection with the case, he did not
know all the facts.