New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-11
THREE UNFORTUN1TE BROKERS'.

ONE BAILED OUT AND TWO IN THE TONBS.
TIE MATTER OF THE IVES LOST SECURITIES AGAIN
N COURT-JERoME BnLED BY FRIENDSHIP
CHELL AND AfGiBBON NOT so FORTUNATE
Lawrence Il. Jerome, jr, who, with Edward u.
! Patched and William McGibbon. ia accused OF tia
larceny OF the lost bonds of Brayton Ives & Co.,
was released from custody yesterday morning after
furnishing bail IN the sum of $4,000. At II a. m.
! he was taken TO the private of Justice Duffy
at the Tombs by one Of Inspector Byrnes's Ken.
! The bOndsmen were Lawrence Il. Jerome-ths
! father of the prisoner-and Isaac Bell. During the
| proceedings the father aud the son overcome
by their emotions aud wept freely. The latter SAID
| that he would never drink another drop of liquor
as long as he lived; he attributes his unfortunate
connection With the securities to the fact that lie
hid been disspatDg for several weeks JustlcA
Duffy remarked that he hoped the "scrape" would
| leach him good lesson.
at O'Clock III the afternoon Patched and Ne.
Gibbon were again conducted from Police Head.
curriers' u Justice Dufys private rOom Ambross
ii. Purify was present counsel for Patched; NAL
colin Campbell and Davenport Leeds acted as coun-
sci in behalf of AcGlbbon. Mr.. Purify begged the
Justice to wait few moments, as he expected bis
clients b0ndsmen directly. Then Mr.. Campbell
addressed the Court. He said that he had had
long talk with his client, Mr.. MeGIbbon and that
ne was fully convinced that he was not criminal IN
his connection with the affair. There were soms
singular circumstances, bu; he obtained possession
OF the securities with the best Of Intentions
namely, - insure their safe return TO the owners.
Ho wou'd ask for an examination.
Then AN Effort made to procure bondsmen.
One offered by Mctibbon's counsel. but he WA
not accepted by Justice Duffy; and as only one Of
those who were to become PatclIelPs boDdsmen an
oeared his bond could no: be filed ont. Justice
DUFFY then said that it past the hour for closing
business; that h could not he respector of Der.
sons. and tnat both of the prisoners would be com.
t t.. 20 ,he lomos without further delay. De-
trcilFes SieYln and Riley thereupOn conducted
mem through the balls to the prison. Both
81 the men looked very sad and passed
through the fOTmalites incident TO their admission
10 The prison as If blind to what was going ON
around tnelD In answer To the questions of the
recording clerk, Patched said that he lived M No
fo0 NeSt Iwenty-tniTd-st was a clerk was born
IN Ireland; was Protestant was unmarried and
was twenty-Six years old. McGibbon said in reply
10 the same questions, that he lived in jersey Ciiy
vas iorty-two; was Protestant was born in New
brunswick WAS a broker: and was married. Pat
csell WIS then searched by an officer and conducted
10 cell NO: Y, on the second tier; McGibbon was
Also searched and taken 10 cell No. 76 on the third
Ter Daring this time the prisoners of the second
gallery. Many of them halted now and then 10
peer over the railing at the scene below
III conversation Yesterday with a TRIBUNE rcpor.
TER fchell sald that be felt of being released
whep the examination was made. Ii was his infen-
tlon, ne SAID, 10 return the sec mites. He de-
houuceu JeFolnes friend, whom he said they
wanted to assist in restoring the stocks but who.
instead, gave the information TO Inspector Byrnes
which led to their arrest: William Z. Young, tho
former partner of McGbbon. said yesterday that
ne wished the public TO know that he was abso-
uteiy Ignorant OF McGibbon's connection with tho
securities until his arrest; McGbbon and himself
ormed partnership in December. 1879. and dd
business at No. 30 Broadst but last Nav the part
lership was dissolved by mutual consent The
act Is" added Mr.. Young, there was a row.
'lnce the dissolution, Mr.. MeGibbon has called at
ne ONCE every day TO get his mail but we have
lot been on speaking terms / wish 10 make this
tatement, because my name has been mentioned Ia
onnection with the matter as a former business as
ociate with Mr. McGibbonn
Mr.. Purdy said he thought he would be able 10
urnlsh the full amount of PatchelPs bail to-day.