The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-04-30
PUT UP MONEY FOR PATTI
AND OWNED FINE HORSES
Failure Of DR.. w. E. Woodend,
New York Broker, with Many
Branch Offices.
WARRANT FOR ARREST
Charged with Grand Larceny, but
Could Not Be Found at His
Residence.
WARRANT FOR ARREST

NEW YORK, April 29-Events culmi-
mated quickly to-day for William +. Wood
end, doctor, stock broker, horse fancier and
guarantor of PATHS expenses during her
recent American tour.
Early in the day attachments were issued
against him, then an involuntary petition
in bankruptcy was filed, next receiver
was appointed. and finally a warrant was
issued for his arrest on the charge Of grand
larceny.
Armed with the warrant, officer WIS.,
tied the Woodend residence to-day and
searched the house, but found no trace Of
DR.. Woodend. Mrs. Woodend said: My
hubby is very i'll, and will appear in due
time. l will say no more at this time.
When the patrolman reported that Wood
end was not at his home Assistant District
Attorney Krotel said that Woodend was
now a fugitive from justice, warrant hav-
ing been issued for his arrest on the charge
of grand larceny. He believes that the
broker left his home last night or early to-
day.
The legal troubles of the. doctor began
this morning when a deputy. sherin
took possession OF the Offices of Wood
end & Co., members of the Consol-
idated Stock Exchange, on an attachment
for $4,SlS in favor of Harry C. Johnston
who held judgment for that amount. The
firm has many creditors. After the at
tachments were issued an involuntary Pc
tition in bankruptcy was filed against VIII
liam r. Woodend. The petitioning cred
itors are the Hadden- Rodee Company, a
Wisconsin corporation. Their statement
alleges that they furnished money to Wood
end to the extent of over $4,000 to buy
stocks, and that no certificates were ever
received, although a demand was made for
them. A specific act of bankruptcy COM
planned of is that on April 16 Woodend
transferred a large number of valuable
horses. The petition is signed by Edward l.
Bradbury, chairman of the board of di-
rectors of the company.
James c. Lenney, the attorney who rep
resented Bradbury in the bankruptcy pro-
ceedings, said he also represents other COM
plainants adding: II can safely say that
the claims already placed In my hands ap-
proximate $4,000. i cannot make any more
specific statement than that the liabilities
will be large.
When President Randolph, of the Con-
involuntary petition in bankruptcy filed
against the firm, he said DIR. Woodend
is meeting his obligations through the
clearance house and so far as his standing
here is concerned nothing has developed,
technically to affect it, However. DR..
Woodend will not 90 any new business
on the Consolidated Exchange. He is still
a member and these outside troubles, which
L regret TO hear about, will not affect his
membership on the Consolidated Exchange.
The lirm is composed solely of Dr. w. E.
Woodend. l.. j. Bruch, who was the man.
ager of Woodend & Co, is a member of the
Consolidated Exchange, but he had no
financial interest in the firm of Woodend &
Co. and cannot be held responsible for their
troubles. Bruch severed his connection
with the firm week ago. Woodend, al
though member of the Consolidated Ex-
change. seldom was on the floor. What
business he transacted on the exchange
was through brokers'"
The more important out-of-town offices
of the firm are in Chicago, Philadelphia.
Richmond, Washington. Newark, Atlantic
City, Bridgeton. n. j., Rochester, Water
town, Utica, Oswego, Ogdensburg, Baby
Ion, Southampton and Patchogue.
At the home of w. L. Woodend. who is a
physician, it was said that he was too i'll
to see anyone except his physicians and
intimate friends. The attorneys for the
firm promised to issue statement later in
the day.
DR.. Woodend abandoned the practice of
medicine nearly four years ago and about
that time became member of the Consol-
idated Exchange. Branches were at first
established in Chicago, Philadelphia, Wash
ington, Newark, Syracuse and Rochester,
with private wires. and subsequently twen-
ty other branches were opened in varied
parts of the country. An admirer of fine
horses, DR.. Woodend became prominent at
several horse shows, having thirty-six en-
tries at the national horse show at Madi-
son-square Garden last November, and he
was twelfth the list of winners. Reg
inald Vanderbilt being the thirteenth. He
was probably the most prominent exhibitor
at the Long Branch horse show. Recent
iy twenty of the Woodend horses were
sold at auction for an aggregate of 81 $50.
In the recent tour of Madame Patti ac-
cording to the testimony of Robert Grau
in supplementary proceedings. DR.. Wood
end was one of those who guaranteed pay
ment of $4,000 to Madame Patti. DIR.
Woodend had not been in his Office for sew
eral days and customers who wished 10
consult him as TO investments expressed
some uneasiness when they learned of the
sale of his costly stable and of the curtail-
ing of expenses in other ways.
Abraham Gruber appointed tempor-
airy receiver of Woodend * Co. this after
noon. He appointed James c. Lenney as
his counsel and the latter took charge of
the Woodend offices. Later Mr.. Lenney
said that although he had made q superb
cial examination Of the firms affairs, he
thought its liabilities would reach at least
100000 and that il was probable they might
exceed 100000.