The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-03-09
BLEW IN $4,000 AT POLICY.
BOOKKEEPER LOSEY KEPT BOOKS ON
HIS 7HEETS AND LOSSES.

He Had Circuit of Five Shops Where He
Played Cross Gigs. strn ddies, and Grave
yard Howiers, and the Policy Dealers arc
Under Arrest as Wen ms Their Customer.
William A. Losey Of 525 Monroe street.
Brooklyn. who was until last Saturday head
bookkecper for theMaison Brothers Company.
wholesale paper dealers of 10 Beekman street.
is prisoner ut Police Headquarters in this
city. As result of his arrest seven policy
dealers arc also languishing in separate cells
much disguised. because Loscy "peached"
aftor losing $4,000 OF his employers money
playing policy.
Loscy is n tall. portly man. close to so years
old. He has fine head. covered with soft
light brown hair. His moustache is fine and
flowing. and he generally wears Dundreary
whiskers. He Is married. and lived In good
style in Brooklyn. Eleven years ago he was
engaged rs bookkecper for Madison Brothers.
and the firm came to have confidence in him.
One morning in tho month of May. 1890.
Losoy says. while he was on the way to busi-
ness. he CHANGED to meet friend whom he
had not seen in some time. twas on a bridge
train. The conversation happened to turn to
dreams. Mr.. Losey told his friend OF dream
he had had few nights before. and his friend
was much impressed by it. Tho friend was q
policy player, and there were some numbers
in tho dream which wcro very wildly dis
played before Mr.. Losey's mind. His friend
said they represented a "cross-capital sad-
de-" and announced his intention OF dropping
dollar or two on the numbers in policy be-
fore going to business that very morning.
Losey said he would like to do like
wiso Just to see II thero was any
faith to be placed in dreams. Accordingly
the two went around to Billy sponcer's policy
shop. at 2O2h William street. and ench played
the cross-canital saddle" combination for u
yl,,IIp hi Il
OUT that day but Mr. Ioseys friend 9 said TG he
was was, not going .hE to give up but would play it
the next day also. and this time the combina-
ton won.
Lpscy SAYS this made him poke flend.,"
up and down the seals ale stTqddle Fg
money lie had saved Then his salary . ,' and md
Saey so he thu
Losey, had become sufficiently acquainted
with policy and the players to know that when
# another shop. Losey, changed bis luck for
.e Of i've n
from the firms cash. and juGged the figures
discovered. He also kent books Of his policy
nayng. md these were found on him when he
Last Saturday the firm discovered dis.
crcpancy in 1.osey,s accounts which reached
quite an alarming figure ChaunceyS. Truax.
torney NicOll was next seen. and then came
INSPECTOR Byrnes. A warrant was procured Mt
tective Reap nnprehendcd him. lie broke
down and confessed to the Inspector. He
gave up his books wherein he kept account of
his defalcations and his policy playing. and
gave information which led to the arrest Of the
dealers.
The exact amount Of the defnlcation is $751;
7O2.:i6. During tho twenty months in which
he played policy Losey won S:s2.:}O305. and
lost this winning besides his stealngs
These are his ultimate losses at each shop,
according to his bookkeeping:
no