New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-16
LOCAL MISCELLANY.
IVES 4 cos LOST SECURITIES.

IVES & CO.'S LOST SECURITIES.
EXAMINATION or TIE BROKERS WHO FOUND THRM
APPEARANCES OF JRRoMR, M'GlBBoN AND
PATCnRLr.
The examination of Lawrence R. Jerome. jr Ed
ward NJ Patchelf and william McGibbon, who are
charged with the larceny of Bravton Ives d. 20; 8
lost securities, was begun yesterday at the iomos
Police Court before Justice Duffy. Patohell, VINO
Saturday, looked somewhat pale and careworn.
Jerome was neatly dressed In dark suit, ana was
cheerful enough to laugh whenever an opportunity
offered. There was a look OF anxiety on Mc0lo-
bous face, if he had grave doubts about the re-
suit of the examination Ambrose II; Ih hm was
present as counsel for Jerome and fatcheIl ana
Algernon Sullivan. Malcolm Campbell ana DaVen-
port Leeds were there IN behalf OF McElDDon.
John II. Dcspassos conducted the case for the peo-
nle' Several OF Pa tchell's friends sat near him..
The first witness examined was james BELTS Mst.
calf of the fra OF Blavton Ives TO. lie testified
Ms follows: 1.-THE cashier AZ our Office gave tls secu-
rites TO the messenger boy with instruction to
take them the Office OF Z. d. " J. H. Lcverch. at
No 81 Wail-st. Al the closing prices on July the
value of the securities was $s7. 1897 so. The boy
returned about five minutes after starting and re-
per;sd that be had Lust the securities. Inls was
about quaIter before ) o'c.ock. notice Of the
loss was sent over the Stock Exchange indicator
,bout five minutes atter ). appearing IN the record
of that days business. The next step was 10 SEM
letters 10 the transfer Offices OF the companies
whose securities Were among those los. informing
them oi the l:ss. Advertisements were inserted IN
come of the newspapers iog the next morning lSun-
dayl aud on Tuesday 400 circuafS were distributed
describing the lost securities Some OF the securi.
ties had the name of the fra Endorsed upon them
The messenger boy was then examined ana de-
scribcd the manner in which the package had been
lost He SAID he put the envelope uEder hls coat,
and when he arrived at No 81 Walist. he discOy-
cred that he had dropped II on the way.
Theodore L. Land. dealer IN stocks az NO. %
Wail-st. was mkt called e. the stand and testified
as follows: ION my way down Nail-st. WAS
stopped by u telegraph messerg ger. lie heid up an
envelope and asked NE il II were mine. tod hun
Il was not. As nearly as can remember the boy
SAID some OF the gentlemen near 6y nigh; bave
z ~,
two OF Nhom, standing together. made an lWpres-
sioa upon he. IA was pa slpg II DacE 70 t9e boy
caucht sight of the name Biayton Ives 4 60. on
the back III the envelope, anu then told the boy
not TO give it to anybody. had taken 1t into my
Inspector b. rnes testified GO heard of the loss
of the property the afternoon IT occurred Bat /
did not see either Patchc or Jerome until they
were brought TO Police headquarters aonut o5O D.
H. on Wedues lay evening. Jerome WAS very nuch
under the influence of hquor-tOo much so to tax.
In n conversation with Paichen he admitted that
ne had possession OF the securities; that they were
at ms Office We then weut to his office, where he
took a package wrapped III a newspaper IRON his
desk and handed it to me. opened the package,
and found that the securities II mcl1sed cor
responded in every respect with those that were
missing. On our way back Patchell said that boy
had handed them to Mr. Jerome While he was IN
company with hm III The street. lie added that
he had read the advertisement IN the papers ON
Sunday morning. am under the Impression that
he said tbev had burned the envelope. lie COM
plained of Jerome's being drunk most OF the tue.
Jerome he SAID. had taken coat of his while IN q
state OF lntOXlcatOn NO, jerome uiu III" lhdAc guy
statement that night he was too drunk la tact
he kicked against the CELL and was SO noisy that IL
man had to go dow 10 quiet him. After one OF the
examinations before the Justice he stated to me
that he was very much surprised to learn that the
stocks were in Patcheps hands. Patchell had told
him that MEG bbon would be able to negotiate them
in some way, and they had turned them over TO
him." ,
The witness then narrated the statements that
were made TO him by MEG bbon. These statements
correspond with those made by McGi6bon before
Justice Duffy, which have been published in The
TRIBUNE. Mr.. Sullivan asked the Inspector II
McGibbOn had not said in his statement that he mad
advised Patched and Jerome to return the securi-
ties more than once. The witness replied that he
had both to himself and to Justice Duffy. George
W. Bennett, bookkceper in the Continental National
Bank identified the signature of McGIb9on on a
check made PAYABLE TO the order OF Edward Nj.
Patchell dated July g..
The examination Will be continued at a. IN. to-
Ho,-