The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-09-16
BROKERS' FIRM RAIDED.
SAID TO HAZE SWINDLED 4 WoMAN
OUT OF So, 100.

willis n. Troy OF the FirIs OF robin a Trey
Furnishes I~nformation witch Leads 20 the
Arrest OF isis Partner and Tive . Flyers" in
Their Onnce-The wouian speculnted in suEnr
Acting upon information furnished by Willis
r. Troy OF the brokerage firm Of Tobin q Troy,
Central Office Detectives Heffcrnan and Bel
ton raided yesterday the firms office at IL
Broadway. and arrested the senior member Of
the concern, stephen K. Tobin, together with
Clifford Davis and William Archer, whom the
detectives referred to as flyers
The three men. with Troy, were taken to
tho Criminal Court building, and later to Po-
lice Headquarters, as the Centre Street Police
Court was closed at tho time the arrests were
made.
At Police Headquarters, 1t Is said, Troy ex-
posed his partners method Of doing busine IS,
and agreed to be a witness for the State when
the three men mentioned were brought TO trial
on a charge of swindling. The three men
were locked up for the night in cells at Police
Headquarters, and will be arraigned In the
Centre Street Police Court to-day.
Tho arrests caused some excitement in the
banking districts, as all sorts Of rumors were
set afoat at the time. one being that the firm
of Tobin & Troy had failed to account for $50,
900 left to them in trust by one Of their GUS
toners. 1t was learned that the amount in
VOWED was Sl,0bU IN CaSn anu CSlO "UEIu VI
stocks. Assistant District Attorney Earring
said the case was one in which many business
men downtown were Interested.
II believe we will have no trouble In con-
vtctinK the prisoners" said Mr.. Earring, FOR
l am in posse ssion of n confession made by one
OF the members of the firm. On Aug. II two
OF the men who have been arrested, Archer
known as Mrs. f.. y. Wheaton. TO do business
for her. Davis represented himself as a mem
Der OF the wel-known firm Of Barring Brothers;
bankers. Mrs. Wheaton, who is u woman OF
considerable wealth. had money to invest.
Davis and Archer induced her to turn the
money over to the firm OF Tobin x Troy. The
woman was informed on Aug. 81 that her
money. which was said to have been used rs
margin on sugar stock. had been wiped out.
The deal. Is said to have been a crooked one.
The woman lost 81 300 in cash and $50 in
Philadelphia and Reading stock. The matter
! preyed upon the conscience OF hr. Troy. one
Of the members Of the trm. and he gave the
other two men. Then the woman. under the
name OF Fannie W. Eaton. complained 70 the
District Attorney. She wanted the parties In
dicted. The District Attorney sent the case TO
the Centre Street Court. There Magistrate
Wentworth issued a warrant for the arrest OF
the n"n taken into custody to-day. The com
p!atnant says she lives AZ Twenty eighth street
and Fifth avenue. She Is said to be q society
woman.
Lawyer Kafenburgh OF Howe & Hunmel's
office. said last evening that Davis. whose
counsel he is. was not connected with Tobin N
Troy, and that all he had had TO do with the
case was to give Mrs. Wheaton, money 10
after she had told him that she would like To
take n flyer in SOME stock. They lived in
the sameshouse at the time, and that's how he
came to act for her.