The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-28
MONEY AND BROKER 0 N
DLSIPPBlRlNCE or a BosToN
LEATHER MAN WITH $4,000.
Abraham Tesbitts Got Messy on Bilis OF Rad
ting which were Disooupted By Banks
LadinE Ellis Were Made Out In isis
Nane for Good, shipped Acresa the ocean.

AbFaham Tehbitts Got Hleney on niIls or Rad
ting which were Discounted BY Banks
LadinE BtIls Were Made Dat in Mia
Nnne for Goods shipped Acress tho Ocean.
BosToN, Mass, Jan. 81 A warrant, charg-
ing embezzlement, was issued by Judge Adams
in the Municipal Court to-day against Abraham
Tebbitts, a commission merchant in leather,
whose office is at 116 Bedford street. The po.
lice are trying to find him. They think that he
has no immediate intention OF returning Iere.
A woman, S2S, 900 of Government bonds and
some diamonds are supposed to have dlsap-
peared with him. Tebbitts, who.has been deal
Ing with the firms which now nllcRe fraud, had
excellent credit and succeeded in managing
what the leather men now regard as n clever
scheme with case.
Tho leather merchants, when dealing with
orders which are TO go to foreign countries, are
In the habit of making out the bills Of lading in
their own names. BY 80 doing they retain con-
troll of the goods until they arrive at the other
side Of the ocean, so that il any:business trouble
is encountered they may again secure posses
sion. 1t is customary to TAXI these bills Of
lading to banking houses, which discount them.
The police say that Tebbitts persuaded certain
firms to make the bills Of lading out in his name.
With the bills Of lading in his name he was
able to get money on them from J. b. Moors,
Kidder, Peabody & Co., and Brown Brothers.
The bankers are safe, for they have the bills Of
lading and nobody loses by the leather deals
much.
smith. Patterson d Co, the summer street
sold him over $500 worth of diamond ornaments
on credit within u few hours before he was last
s swan u T"d Chief t Of Police 5YHsne Wa Men t otficse
this morning to explain how it happened. They
said that the transactions were supposed to be
made out in Tebbittss name with the idea that
he was to get the money and Immediately turn
bought bonds with the proceeds OF the bills of
lading., This seems to be clearly indicated by
Patterson & Co. late ON Tuesday afternoon to
buy some diamonds, he showed $4,000 worth
OF Government bonds which he then had in his
possession. On this showing and his promise to
send a check he got the goods. A ring, a fine
brooch and some smaller pieces were included
Tepbitts was II familiar figure among the
leather men. lie had an, office at room POT, 1l6
He was so troubled with dyspepsia that he was
unable to stand erect. He was 45 years old.
Up to n few months ago it was understood that
he was the American representative of Tcbbitts
Bros, GO Commercial street, East London.
Since that time he has been doing business for
The leather men did not begin to be uneasy
about Tebbitts until Wednesday morning. The
boy. who says that Tebbitts. was there at about
4:45 p. NJ. on Tuesday. Inspector McCaus.
land reported this noon that the furniture in
been seized by creditors. Tho leather which
Tebbits secured from the various firms SO far
heard from was sent chiefly to sydney. Australia,
and to London. Tebbitts has been traced to one
Of the stations, where II is presumed he took a
train for New York on Tuesday afternoon.
Capt. McClusky of the Detective Bureau yes.
terday gave notice that these Government bonds
had been stolen in Boston. and requesting that
their sale be stopped if possible: United States
SO, 1855. 1887. 2.6O6. lO.062. lO,O63. IO.O6l.
1O,065, 20,060. l2.+46, l0,066, 2,5s6. 2,5S7,
500, 66.465. s2,9O7, 4,s32; $500, Nos. 3,069.
3.062, 1868, 1904, 3.O65. 3.O66, 3,067. 300;
800. Nos. ADJ, 4,72l. I,722, 1884. The total
amounted to 10000.