New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-08
TWO BROKERS ARRESTED.
RECOVERY OF MISSING STOCKS.

RECOVERY OF MISSING STOCKS.
EDWARD NJ. PATCHELL AND THE SON OF WELL
KNOWN CITIZEN CHARGED WITH GRAND LAR
CENY-MYsTERIOUs DISAPPEARANCE OF PROP
ERTY BELONGING TO THE PRESIDENT OF THE
STOCK fXCHANGg-How IT WAS FOUND
Brayton Ives, president Of the Stock Exchange
and a banker at No. Broad-st, sent messenger
boy from his Office last Saturday afternoon to de-
liver stocks valued at $4,000. The secur-
ties consisted of 800 shares of Wabash
preferred, 800 shares Of Union Pacific
200 shares of Western Union and 100 shares of
Delaware, Lackawanna and Western. They were
incosed in a large envelope marked Brayton,
Ives & Co., No. 4 Broad-st.." and bearing also the
names of the firms to whom the stock was to be de-
Iiyered The boy returned to the Office of Mr.. Ives
about 9 t. NJ and said that he had lost the package
He was questioned closely but no information could
be gained from him, except that he had missed the
envelope when on Wall-st., between William and
Broad-sts
Mr.. Ives went to the branch detective Office at
No. 13 Wall-st., and there he reported his loss to
Detectives Dunn and Radford who were in charge
of the office at the time. Inspector Byrnes was
summoned TO Wall-st, and on being Informed OF the
case ne set to work considerable number OF his OIL
GERS in the attempt to discover the lost securities
Yesterday the detectives learned by means which
OWNS
were in the possession Of Edward NJ. Patchell, the
| manager of the banking Office of Guy Bevan & Co.,
at No. 40 Exchange-place, and of the son of
a well-known resident of this city. Both men were
voung and unmarried and it said they we're
leading lives OF dissipation. Both were familiar
with the ways of Wall Street, one of them being
engaged In business at No. Newest and
the other, Patche, occupying O respOnsi-
BILE position as agent In this country Tor
the banking house of George Guy & Co.. OF
No. 38 Lombard-st, London When the officers
learned where the missing securities could be
found. The young men were not at their places OF
business and some trouble was encountered In lind
ing them. 1t was learned late In the afternoon,
however, that the young men were board
ing together at No. 400 West twenty
thrd-st where Patchell has lived for
some months. Inspector Byrnes went to this
number shortly before p M. accompanied by
Detectives Reilly. Slevin and Radford Patchell
and the otner young man were found there together
They were Immediately arrested. taken to Police
Headquarters and placed in separate cells.
Patehell. who is an Englishman, admitted that he
had the missing securities in his Office He was
taken by the Inspector to No. 40 Exchange place,
| and there he produced o tin box, IN which the
| secnrities had been hidden. tPatchell was taken
back to Police Headquarters again, and locked mp,
the Inspector taking possession of the stocks. A
partner of Mr. Ives ssnt for, and identified the
| securities
Inspector Byrnes refused to allow either OF the
prisoners to be seen last night. He said that the
work of tracing the securities reflected great credit
| upon the detectives engaged in it. 1t had been
arranged between the two young men, he said, to
have the securities sent to England and negotiated
there When qnestond as to the manner IN which
the prisoners obtained possession OF the stocks the
Inspector would not give any information, but he
said the young men knew who the owners of the
stocks were They admitted having read an .ad-
vert.sement which offered a reward for the return
of the securities and the envelope furnished all the
| information needed concerning the owners
To keep tho securities with guilty knowledge
of the real owners the Inspector said, constituted
grand larceny and the prisoners were held on that
| charge. They will be taken to the Tombs Police
| Court this morning.