The Savannah morning news., 1901-05-21
ARMAND HELD THE FUNDS.
His Principal Had Him Arrested for
Larceny After Trust.

Larceny After Trust.
St Julian Armand. a clerk in the en-
ploy of the Central Railway and we'll
known young man about town, was ar
rested yesterday afternoon for larceny af-
ter trust He gave bond for his appear
ance before the magistrate.
The complaint was sworn out before
Magistrate G. E. Bevans by Frank S.
Van Giesen. a money broker, who does
an extensive business with railway men.
The complainant charged that Armand
has con, crted to his own use something
over $50 in money, which had been en-
trusted 10 him by several parties for pay
ment 10 Van Giesen. The arrest on this
warrant 1or larceny after trust followed
the filing of a petition for a discharge
in bankruptcy, which was filed with .he
clerk of the United States District Court,
on behalf of Armand, at l o'clock.
In the schedules appended to this petit
ton for a discharge in bankruptcy, Mr..
Van Giesen appears as a creditor to the
amount of S15710. on notes, made by nine
other parties and Endorsed by the bank
rupt The petition in bankruptcy was
withdrawn by Mr.. w. S. COburn, attor-
ney for Armand as soon as he heard that
his client had been arrested for larceny
after trust.
1t appears that Armand has been run
ming a little commission brokerage bust
ness of his own. among the clerks and
other minor employees of the Central His
scheme was to indorse the notes of those
who wished a little financial accommoda-
ton, and take these notes over to Van
Giesen, who would lend some part of the
sum for which they were drawn on
shem Then Armand would take his little
rake-off and the rest of the money would
go to the borrower.
The collection of the notes followed an
inverse order The borrowers would pay
first to Armand, and then Armand would
pay to Van Giesen, the former acting in
the matter merely as a collector for the
latter.
This was the plan, but Mr.. Van Giesen
says that it slipped a cog. Armand col
lected some of the money all right, but
when it came to paying the proceeds over
to the principal lender his memory failed
him. He had a scheme worth two OF that,
it appears, for he filed in the District
Court his petition for a discharge in
bankruptcy, in which the notes Mr.. Van
Giesen says he has already collected APP
pear as part of the liabilities he has sched-
ueed against himself.
This exhibition of magnanmity was too
much for Van Giesen-perhaps, too, he
was not rejoiced in spirit when he saw
his prospects of collecting his money slip
ping out of his grasp and out of his sight.
At any rate he hied him to the Office
of Justice Bevans and swore out a war
rant for larceny after trust.
There was a conference of the parties
at interest in the office of the magistrate
and even at this stage of the game Ar
mand refused to admit that he had done
anything wrong, though he made no par
ticular effort to deny he had collected
some of the money. That he had charged
it up among the debts he owed, in his
petition in bankruptcy, seemed to him to
answer every requirement of law or
right.
A compromise was offered the defend
ant by the complainant, or offered the
complainant by the defendant. However,
II came about the plan is to have Ar
mand give Van Giesen his notes for the
amount owed, about 500 in ALL payable
AZ the rate of $25 per month.
1t is understood that matters will
eventually be fixed up on this basis, as
soon as some other preliminaries can be
arranged. In the meantime the defend
ant is out on bond.
On last Saturday Armand was arrested
on a Sail in trover proceeding, instituted
against him by John Z. Lamon. in the
City Court. The affidavit charged that
Armand was in possession of a watch
belonging TO the complainant, which he
refused to deliver. When he was served
with the PAPER he turned over the wat ch
ami Lanon gave bond TO ans se- any
damages he might incur by this delivery.