The sun., 1897-02-06
pROKER TRASK ARRESTED.
.yD MS FARMER AoOUsBD OF
I'D GRAND L5RCBkY.

wu,.tt-. y Memser or The Prod
r,.b.uae, says They Swtndied Hin
', a, ,S,oOo-They Say He Lost the
.",n,t In Unfortunate spesuistions.
,.,.,a Trask and his partner. ALFRED n.
- cop,prising the firm of Wayland Trask
"a ~ : Nassau street. were arrested yester-
ns,.etiye Edward O'Connor of the Cen
Wy ~. e,reet Police Court squad on charge OF
"a larceny. preferred by Andrew J.Willetts.
p,o,ssale produce merchant who is men,
-. ~ the Produce Exchange. Mr.. Willetts
,,lsint IA that through . series OF proniissory
.a,s. and by means Of false representation. the
ss., ~ wayland Trask & Co. has swindlsd him
pI ~ about $4,000. This money, he says, ho
,.. sought in every way TO recover. and has
III, bcen Obliged to resort to q criminal action
=. order to get justice. Neither Mr.. Trask nor
~ ~, Rankin appeared disturbed by the arrest.
~, NJ wiIle,,.. they say. ls simply an unfortunate
.,uls,or. who deposited with them certain
..,sr,i,I,.. which didn't belong TO him, to pro-
w, ..,,,in stock which he was buying on mar
',.. He was wiped out. they say, and now
~. To Justify himself with those from whom
4. ,.horroued the securities deposited with them
h, po.lns as a victim OF fraud.
when srraigned in court yesterday morning
an. pti.oner., through their counsel. asked that
t,,e for an examination OF the case bo set,
..a that in the mean time they be released on
,.u Magistrate Cornell set Feb. Is. at 10
,rloek in the morning, for tho examination,
.,a Mr.. Trask and Mr.. Rankin were released on
$4,000 bail each.
n, Wfletts Is in the produce business with
G " povne at the foot OF Smith street. Brook
To-, Mr.. Bovine Is said to be o cocoon mplainant
\, The action. In his affidavit Mr.. willetts says
,h., he met MIR. Trask at the Aurora Grata
Club In Brooklyn on the night Of Sept. 7. 1895,
and that he there lent him $4,000 on promis-
arr note receiving as security 1000 shares OF
stock OF the Columbian Equipment Company.
IN December he met Mr.. Trask again at the
,me club and Mr.. Trnsk asked him whether
N. note could not be renewed. The note was
NO, due nt the time. and the only reason that
Mr.. Trusk gave for his request was that he do
sired the renewal MIR. willetts ssys that he
agreed to do as Mr.. Trask asked. making rs .
,opdition. however. that he take back tho
Columbian Equipment Company stock and give
him instead 900 shares of the Iowa Central
common stock. Mr.. Trask agreed to do this,
Mr. willetts Gays. and he returned the equip
u,nt stock and renewed the note.
Mr. Willetts goes on to say that month later
he received from wayland Trask & Co. no.
tee TO the effect that 100 shares of Iowa Gen.
trail stock had been purchased from E. o.
Quincey Il Co. for his account. The following
day. he says, he got two notices from them that
non, Quincy 4 CO. and 100 shares from Row
land & Hendricks. and that they were holding
the total OF 800 shares to A., ordS, % . !.
met Mr. 1rask In the street and demanded an
explanation from him about his failure to fll
chased G d" only My 800 shares OF the Iowa Central
stock instead Of 1000 as agreed, and he rays
that Mr. lrask replied that he was unable 20
lack Of money. He then asked him. Mr.. Will
let's continued, to lend him $4,000 more go hat
he could buy TIE other 200 shares. He let him
mortgage bonds on the Hceker, Jones and
Jewell Milling Company. worth $1,000 each at
p.'nt. III 81 above par. His SON. DR.. Edmund VII.
let,s OF Isl Hancock street, Brooklyn. he says.
tarried the bonds to the ofhoe OF wayiand
teh.d to the afidavit 1t 10 as follows:
g: Sh .. e ss H.
700 Of csnr
order o. 4. 7 ~ilists; this 700 sn.r,s ~ above
for tn. purchase OF 1000 shares
Mr. wi!letts heard nothing more from Way.
lani Trask Co: he SAYS uatii March; lsed.
ont Q, town at tho Time. he says, but four day:
a,tsrward returned to New York. and although
NOT .nd there .sm Mr Rsnsn
\ member Of the nrm. Mr.. Rankin told him
that Mr.. Trask was i'll at his home and he Also
told him. he says. that Mr.. TrAsk had never
bought him tho 1000 shares OF Iowa Central
s.otk, as agreed, and had sold the 900 shares
that he had purchased for him. Mr.. Will
leiis says that he demands the, stock
ard als0 the return OF the mortgage bonds. Mr..
Rarsin told him that they could not givo him
etft. as they had no STOCK and had hypotbe-
gated bis bonds to A. N. Kiddsr & Co. for .
los'. He thea asked that his stock be sold at
anT prise and the money be given to him. A
ie" Gays later he got written answer to his
request. IL Informed him that his stock had
already been sold, Mr.. Willctts's claim II that
NNIand Tra-k * 20. committed larceny by
fainng 10 return his bonds.
Al the 0fice of WAylAnd Trask q Co. II was
tAd JeiterdEy that W illettH had deposited the
t"p $1,000 bonds with them security for
m.rRir, In stock operations. The firm failed
IN MAJ last and assigned To W. =. Maddox OF
10 Nassau street. Mr.. Willctts. Mr.. Trask
ty' iost on his speculations. and still owes the
hrm sl,5OO when WAS advanced on the bonds.
"a. alsn said at Mr.. Trasks ONCE that MIR.
Nhtus was the only creditor OF any conse-
qGehce VINO failed to sign y composition deed
Nhsh the ntm failed. He agreed to do II. II was
tan. " the signatures of several Masonic de
psNora were got. These signatures were got, IL
NNssld, but Mr.: Willeus failed to live mp N
n' agreement. The bonds. which had been put
"phs collateral. were then converted into cash.
IN court Mr.. Trask gave his address as "a I
hutlpi,l street. brooklyn. Mr.. Rankin said that
heHNrd atthc Hotel Majestic.