The Washington times., 1901-10-06

Authorities Say That Larceny VIII
Also Be AIIegcd-Transnctio ON
Pnper OnIy-Three Arrests Made.
| NEW YORK. Oct. 5.-A raid which did
| not seem to be entirely unexpected by
| the raidcd was made on the banking
and brokerage house of w. r. Nermilye
| & Co, ut 90 Broadway. by Detective
| Sergeants McConville. Murphy ana saw
age, of Captain Titus staff. Three men,
| two of whom, the police say, are members
| of the firm, were arrested on the charse
of grand larceny. The prisoners are
James L. Carter of 20 MornIngslde Ave
nue.; George +. Newcombe of the Criter-
ion Hotel, at Broadway and Forty-first
| Street, and Arthur l.. May, SSl Hudson
| Street, HOboken.
| Carter and Newcombe are brokers, ac
| cording to their own statement, and on
the business cards of w. r. Vermilye &
| Co they appear as members of the firm
together with Washington R. Vermilye,
| for whom the officers had 4 warrant, but
who was not around. May describes him
| self as a clerk The specific charge
| against the three men is the larceny of
| $500. The complainant is Charles 7. Pom
| eroy, an ink and glue manufacturer, of
| So Broad Street. Newark.
Mr.. Pomeroy says that by fraud, which
he can prove. the firm got something like
$13, 600 out of him. He says that he is
one of many, and Captain Titus declares
there are number of cCmplairants one
Of whom will be on hand in court Monday
morning to add a complaint of larceny
to the complaint already made by Pome-
roy. This man says he was swindled out
of S2.5O0.
Although there is n warrant out for
Nermilye, and he will be arrested if found,
the chances are that no action will be
taken against him. He is described as
simply a dummy for the firm. lending a
name which is known throughout the
financial world to Carter & Newcombe,
and receiving in return a salary, which is
said to be $50 a week.
The offices are on the second floor of the
building on Broadway. and are handsome
ly furnished. in the charge of grand lar
ceny against the three men, Pomeroy
states that he gave them $500 to purchase
January cotton. They gave him a slip he
says. stating that they had made the pur-
chase from the firm of Leighton &
Foulke, of William Street. On August 3
Mr.. Pomeroy says he gave an order for
the purchase of 500 bales, sending them
800 margin. Mr.. Pomeroy says that i'm
mediately after these purchases cotton
began to rise. He ordered them to sell.
Instead of doing So he says, they held
on and then a few days later he received
a notice from the firm that he had been
sold short. wiping out his entire profits
and capital. Pomeroy alleges that he had
made similar investments with the firm
at ether times prior to this, with the
same result.
Captain Titus says he examined the
books of Leighton & Foulke and found
that no purchase of cotton had been made
for Mr.. Pomeroy by W. R. Verr.Iye &,
Co. on the $500; despite the slip sent to
Pomeroy. On the order for 5000 bales of
cotton given by Mr.. Pomeroy. Loco bales
were really purchased by w. r. Vermilye
q Co. for Pomeroy from Leighton *
Foulke. Most of the transactions, though,
says Captain Titus. were on paper only.
Captain Titus believes that Alfred Cos
ling, of Dean bucketshop fame. is behind
the Nermilye firm.