Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1892-03-09
HIS $4,000 DREAM
BOOkkeeper LOsey's Employers
Out That Much.
LOST IT PLAYING POLICY,
he Kept an Account of HiS Losses and
the Policy Shops Where he Played.

The Dealers Have Ali Been Arrested
LOsey Is Held ON the Charge OF Forgery
The TheftS Were OF Long DuratIOn-HOw
SAe Series OF EmbszzIements Were DIE
covered by His Employers.
NEW YORK, March ca midnight
vision prompted him to play policy. It
was only a dream, but it ruined VIM. A.
Losey, Of No, 626 Monroe street, Brook
Ign, and now the victim Of the dream Is
q prisoner at Police Headquarters,
charged with forgery, as well as with
stealing $31 ,s02.O6.
Eleven years ago Mr.. Losey became an
employee of the firm Of Molleson Bros,
paper manufacturers, Of 10 Beekman
street, of this city. He was faithful and
correct. Little by little his employers
trusted~h him more and more until at
length Mr. Losey became Q confidential
bookkeeper, whose figures and private
affairs were never questioned.
For several months past the firm has
not been receiving the amounts of money
that the members thought should have
been collected Errors were also discov-
cred in Losey's books, but the confden-
tial clerk explained everything by saying
that in the first place money was tight,
and the firms collectors found It difdoult
to get money now from firms that were
usually very prompt in their payments,
and that the errors in his accounts were
due to carelessness and could be easily
rectifed. Saturday afternoon, after
Losey had gone home, and on Sunday,
the members OF the firm made an exam
ination of his books, and were not long
in discovering q shortage Of several
thousands of dollars.
When brought before Inspector Byrnes
at Police Headquarters Losey broke
down and made q full confession.
The story Of his downfall and the
methodical manner in which he recorded
his daily thefts from his firm and his
nar, to say the least. Coming from
Brooklyn one day in May, 1890, he met
in the Bridge cars q friend whom he had
not seen for everal months, and during
the conversation told him Of o peculiar
DIRE am he had that morning. The friend
advised him to play policy on the
strength Of the dream, and told him the
gig that was set down for IL in the
'dream books"
He said that during the past two years
he had stolen from his employers $51,-
?02 81, which he had concealed by talsi-
flying his books. All Of this had been
lost playing policy.
Losey was ignorant Of the principles
of the game, but his friend gave him
brief instructions, and finally took him
to No. 200 LIZ WilliAm street, where he
was introduced to the manager Of the
shop. Both men played $2 on the gig,
which that dream was said to signify and
lost. The following day Losey went to
the policy shop again. and this time
made q winning.
That stimulated his hopes and he
plunged headlong into the vortex OF the
seductive game. During the past two
years he was known in downtown policy
shops as one Of the heaviest players, and
500 was no unusual sum fdr him to put
up.
During that time he has occasionally
won as high as 81, 800, and frequently
$500 in a single day. But his losses were
much heavier and more frequent than
his winnings, and his money Was sool
exhausted. He then resorted to the use
of the firms money, hoping some day to
make a strike that would enable him to
pay it back. During all this time he
carefully kept On account book, which
showed his daily populations from his
employers, the various policy shops in
which he played and the amount of
stolen money lost in each.
All the policy dealers with whom Losey
played have been arrested.