New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-17

| REHEARsKD-THE ACCUSED MEN ON THE STAND
DENYING THAT THEY INTENDED TO MAKE
WRONGFUL USE OF THE SECURITIES.
The defence of the brokers, Jerome, Patch
ell and McGibbon, who are charged with the
larceny of Brayton Ives a. Co.'s lost securi-
ties was presented at the Tombs Police
Court yesterday. The brokers themselves
were on the witness-stand. They gave the
history of the missing stocks, and denied that
they had any intention except to return them
to the owners. The case will be summed up
to-day.
| INTENTIONS OF THE ALLEGED THIEVES.
! As OIL the previous day the prosecution was con-
Quoted by John r. Dos Passos and the counsel for the
defence were Algemon S. Sullivan. Ambrose Ii.
Purdy Malcolm Campbell and Davenport Leeds
James Belts Metcalf, of the firm OF Brayton
Ives & Co.. recalled and testified in relation
| to a conversation he had held with Lawrence II.
Jerome Jr. The conversation" he said, was
held Oh Thursday morning, as Jerome was about
leaving the eXamination-room here at
the Tombs in company with Inspector Byrnes. He
came up to me end said: am very glad that you
have recovered your securities and regret the part
l had in keeping them. and wish 20 apologize for
the annoyance 1t must lave caused yOu.' ! told
HIM that would be obliged to him if he would tell
H. he replied. were together in Wall-st messen-
ger boy came up and handed me the securities.
glanced at the envelope and SAID TO Mr.
Patchell that here was a wndlall. Then
we went to PatchelPs Office to see
what the envelope contained. The first thing Mr..
Patchell did was to burn the envelope; then he
said to me that he had friend, whose name was
MEG bbon, who could assist in dispOsIng of the Sc
curties We went to McGibbon's Office but did not
find him in. Mr.. Jerome then said that he went up
town to see a friend whom he found absent from the
city. The securities he left with person at his
friends house"
The question was asked whose house the one in
question was. The witness hesitated
go on, go on" said Mr.. Purdy. Il have not the
slightest objection. 1t has been secret from the
start"
"Well," continued Mr.. Metcaf, Mr.. Jerome
said it was Mr.. Purdy's house. As he was dissipat-
ing he didn't remember much that had happened
between the dav the securities lost Saturday
and the following Tuesday. The securities were
obtained from Mrs. Purdy and given to McGibbon
who promised to put them a vault for safe keep
ing,'
Mr.. Metcalfs testimony concluded the evidence
for the prosecution.
Mr. Sullivan said that he believed a full dis |
closure of the facts In the would not only
a technical discharge of the prisoners, but
exonerate them in the opinion of the public from
anything criminal. The evidence produced by the
defence would not be technical. He thought it
could be shown that it was the intention of the
prisoners to return the securities to the owners.
The first witness for the defence was Mr.. Pnrdy |
who desired to explain his connection and that
Of his wife with the missing securities. He test-
fed as follows am consin of Lawrence X. Je- |
rome, jr, aud have been intimate terms with |
him. Ca Tuesday night. after my return to the |
city-I had been out of Town for several days-I |
first learned Of the matter of the securities. My
wife informed me that Mr.. Jerome had been at the |
house Saturday and inquired for me. He had |
with him package containing securi- |
ties which he said he had found. They |
were the property of Brayton Ives & Co.,
he said. and large reward had been offered for
their recovery. Jerome had telegranbed NE both |
on Saturday and Monday When he called Fri |
day night and got the package from my wife, |
he said that as Mr. McGibbon was to negotiate |
for the reward, my services would not be needed. / |
then went to the father Of Lawrence X Jerome jr,
and sta ted all the facts had learned them from
my wife. He instructed me 10 go at once to Bray |
ton Ives e. Co. and inform them that his son had |
the securities and to every possible means to |
find the young man. Thereupon | went to Police |
Headquarters and told Inspector Byrnes what had |
learned
The witness concluded his testimony by describ- |
ing the search made bv the detectives for Patchell
and Jerome, and their final arrest
The next witness was William McGibhoD, one of |
the defendants. lie repeated the statement made |
by him on the morning of his arrest before Justice
Duffy. The story told by the witness differed from |
his first statement mainly in being less confused |
and in being gwen in greater detail. He said that
Mr. PatchclPs sole object was to return the securi-
ties to the rightful owner, and that his own object
was to assist him in dong Iie had told Jerome
ON Wednesday morning that the securities were
in the care of the Safe Deposit Com
pany. This he had said because he was
not well acquainted with jerome. and
believed that the stocks perfectly in Patch
elps hands aud would be returned by INN to
Rrayton Ives & Co. "I went rs far as the door
Of Brayton Ives & Co.. on Wednesday morning"
Inc SAID, - with view TO telling where the secur-
jties were 4: but arriving there | changed my
mind. On THURSDAY morning went tc Mr. Ives
ter. Mr. Ives then Informed me that the property
had been, recovered, and that jerome and Patchell
were under arrest"
Mr. Snvau-Had You on yonr part at any time
any Intention. either alone in association with
Others. appropriate any OF the securities to your
own use. to cause them to be withheld from
The witness-My only purpose was to assist in re-
hold them even for reward
Lawrence X. Jerome jr. then called to the
stand. He said: While was walking in Wail-st.
in company with Mr. Patchel. messenger boy
came running up behind and handed me package.
lie might have said here but there further
conversation. put it into my pocket without ex-
aiming il. Mr.. Pachell wanted TO know what the
package was. took 1t from my pocket and replied
that / guessed somebody had lost some secur-
tiles. Then we went to Mr.. PatcheIPS cf-
fee, in Exchange-place. Mr.. Patche took
the package and put 1t, think. in
a box remember telling him that there was re-
ward offered, and that he could have part OF it be,
cause he was with me- Afterward Mr.. Patchell
Suggested that we should call upon Mr.. McGibbon,
who was friend of his, and get him to negotiate
for the reward. We had both been drinking great
- A We could NOT find Mr. McGihhnn. /