New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-18
R0THSCHILD IN CELL.
NE4R GRAND CENTRAL.
Er-President of Federal Bank Ac-
cused of Taking about S225. 900.

David RothschiId ex-president Of the Federal
Bank which was closed last week. arrested
last evening and locked UP at Police Headquarters
on charge Of grand larceny. accused Of stealing
about S22 Oo0 belonging to the bank Detective Ser
geants McConville and Clark. of Inspector Nc
Clusky's staff. said they arrested him At Broad
way and Forty-second-st, but Rothschild said he
was in the Murray HID baths the time OF his
rest When his pedigree taken in the Detective
Bureau he said he forty-six years old. a bank
er. and lived the Ansonia Hotel. He declared
he had been in his rooms at the hotel every day
recently. although II has been said at the hotel
that he had not been there for about week
Before Rothschild taken cell he asked
that information Of his be his
and his brother Louis. A friend named Mendel.
who with him at the time OF his arrest. went
after them. Isaac Bell Brennan, Rothschild's AT
tOrney. went to Police Headquarters. in company
with Augustus Docharty. former secretary of the
Fire Department. and allowed to have talk
with the prisoner
RothschIld told Brennan not To arrange for ball.
as IL would take too mich time aud trouble. A
woman was TO have been on the hord. but he said
It would take until midnight to bring her down
town. get a magistrate and make the arrange
ments. and he did not want thu bother. lie snid
he would stay In jail. So the lawyer. Mendel and
DOchaTty went away
When Louis RothschiId. the prisoners brother
arrived at Police Headquarters he said: My
brother IN the booth. at the telephone. when
the detectives took him
Assistant District Attorney hreSel had TAX
with Rothschild IN his cell later. and he said;
Il think Rothschild was in Forty -second-st- on
his way 10 the Grand Central station. when he
was caught We had detectives watching for him
q the station. and every steamer that left port
was watched We knew he still in the city.
Rothschld told he did not know where tho
s225 600 went A lot of IL. he says. went for ex-
penses lie says he would like to know himself
where the money is
Rothschii viii be arraigned at the Tombs Court
lar ana
Mr. Kresel will ask to have the bail fixed at an
amour; not less than sJ90OJ. The complainants at
the start VIII be McConviila and Clark who will
make the usual affidavit information AID be
lief. The case will take the usual caurse before a
magistrate before an indictment IS sought.
Mr.. Kresel. who has beer Investigating tho Fed
eral Bank failure in company with Bark Examiner
Judson. inforned yesterday afternoon that
the detectives had found where Rothschld had
been hiding himself and would arrest him in the
evening. lie said IN the afternoon:
inspector McClusKy has been asked TO spare
no pains 10 effect Rothschilds arrest and am
rot surprised that the found. An in
dlctment at this time is no: necessary in Roth
schild's case as there IS sufficient proof 70 war
rant his arrest the charge of grand larceny.
Rothschnd got away with about $4,000 in wreck
ing the bank He got a great part Of that amount
IN having his bank discount notes made by ire
sponsibie persons. Being the principal owner of
the banks stock, well the president he could
manipulate the paper he liked.
Two weeks ago after Rothschild had turned the
presidency of the bank over to William VI. Woods
q demand made by Woods for security on some
of Rothschld's notes which had been discounted.
Rothschd turned TO Woods $4,000 Of the stock
Of the Globe Security Company and some copies
of chattel mortgages. or course the copies of
MORTGAGES we're Of no value. and the stock of the
Globe Security Company had no known value.
Woods said later that .le thought the copies were
real mortgages and ne thought the stock was good.
he had been told that the security company ~es
doing lne business.
The Offices OF the Globe Security Company are
IN the hands of the Sheriff now. attachment
having been obtained by Wertheimer Duffy, at
torrevs for the Michael Printing Company, which
had a claim % s3.2G2 for printing and stationery.
The company has about 10000 OF It's bonds scat
tered over the country The company was one of
the concerns started by Rothschild. He got out Of
il suddenly several years ago. leaving William
Muirhead H. charge OF its as treasurer. Many OF
tho loans made by the Federal Bank were made
through the Globe Security Company.