The sun. [volume] (New York [N.Y.]) 1833-1916, 1891-10-15
STOuTS METHODS REVEALED.
EEyyETT, HOPKINS & CO.'S MISSING
CLERK WAS Az EMBEZZLER.


c,,seree That ne Made Away with oAe, eo0
Be,onsirg 20 Thoaas j. nrigGs, Cas-.
toner or the rirr That Emsleyoa Hsisa
/ Scarcely my story OF wrongdoing that has
como out 81 Wall street In many years has
hecn accompanied BY stouter prevaricatlon
and eturdier misrepresentation than that which
4 followed the disappearance q month ago Of
Z Thomas H. Stout. for six ycars tho confldcn-
&tlal clerk OF Kcnnctt. Hopkins. 4 Co.. grain
(hrosers, nt 51 Broadway. Stout smiled nway 10
Europe OH tho Germanic. On the morning oi
his departure Ito sent WORT to Mr. Hopkins
saving. You will soon learn Of my wrong
doinr." anil then no begged. for tho snke OF
Mis- family. that no publicity should lie given
10 his "wrongioing." Mr.. Hopkins admitted
thnt no received the letter. but Stout. he ill.,
sisteL. Ind not filled any plnco In tho estab-
IIshncnt which would clvo him access to tho
Arms cash or securities.
Tho story in Wall street at tho time was that
Aout had used $4,000 VI securities and OBJ.
e.,ned loans OH thom from tho Holland Trust
Company. Secretary Van Siclon OF tho Holland
Trust Company said emphatically then that he
d,dn't know Stout, didn't know Kennett, Hop
k,ns 4 Co. aud that tho whole story was UNI
true. All Of Stouts relatives also backed up
the general denial. They adopted different
methods yesterday.
II became positively known yesterday that
Stout robbed his Arm OF $4,000. part In cash
And mart in securities. and that his banking
dealings woro with the Holland Trust Com.
many Thomas ]. briggs is the leading spirit
IN Tho +. E. james Company. paper manusao.
turers, Tenth avonue and Thirty-seventh
street. His lawyers nro nlll. Chandler 4 Soy
m9qr Aas Nnss1 i sS. IT, Briggs opened an H.
vestment account with kennett Hopkins d
Co. He pp,ehased in t aH,r VISUAL WY Ghesa
Sss ss and aiu othc lS securities He rceeiyod his
monthly statements and even when the re-.
@ wTS printed Tor ESrone st0q ss
Principally with Stout, Bnt week Or 50 ago
M % sSt MSra st o th1 F to sell nd
were We're no securities Of TINT description held for
SsEun BY an ' ss em nas had fs sn
ts sS SSs FsSSs Is ss slssd G 81
SeSTstary YIN sIslqn; WIN the murder cHt
Tine Mr. x&n SielSa sala; 70 S $500 T. si TN
though. was for only $2.lOn .,,,.,,.
in tho natter. NJ. Briggs has iSst bis m9ney.
a TM %"Fo S snEntla
Company AMI The Farmers Loan and Trust
Company. on whom Stout. In his. swndles Of
Mr. briggs. found it convenient 10 draw checks,
and also upon tho Holland Trust Company,
who acted also as Stout's banker.
1T vas learned from anthoritatIye sources
account with kcnnctt. Hopkins & Co. He ro-
rcived the deposits Of cash and securities for
been $4,000 to Mr.. BrigQss credit with
the firm There is only $2O.UOO. It
was also nuthoritativcly stated that
false statements to Mr.. Briggs. Stout
had such absolute control Of Mr.. Briegs;s 40.
count that he was all?wed to handle all the
tended for him. In both cases Stout forged
the endorsements and obtained most OF tho
money on the checks from tho Holland Trust
Company. In this way about $20,OOO was OBJ
tanned. The securities for $4,000 moro are
missing. and nobody seems to know what
stout has done with them