The evening world., 1904-05-07
Amazing Story Told by Auto
Dealer Walter H. StearEs Of
His Dealings with a Roth
schild Usury Concern.
MISS GARRETT, AETNA
CASHIER, ARRESTED.
Her Reputation Of Alleged Con-
fession Precipitated Action
Lawyer Martin Charged with
Grand Larceny.

In all his investigations into the
methods OF usurers Assistant District
Attorney Kresel has uncovered no more
remarkable clse than that which Is re-
vealed to-day by the arrest Of Olive NJ.
Garrett, the former cashier Of the Aetna
Security Company. which had an once
at No. 81 Broadway. and Joseph Mar
tin. a lawyer. OF No. 2es
! Miss Garrett is charged with forgery
and Martin with grand larceny.
The Aetna Security Company is an
other one of the Rothschlld concerns
and was allied with the Globe Security
Company and the Federal Bank On
the surface, Mrs. Amanda Calm was
manager of the establishment, but Mr..
| Kresel alleges that julius Rothschild. a
brother of the usurer David, now in the
Tombs, and Of Louis, who is a fugitive
ran the place.
stcarns's Startling tory.
For barefaced audacity nothing TO
equal the treatment which the Aetna
Security Company is alleged to have
given Walter II. Stearns. an automobile
dealer, of No. 81 Tenth avenue. has yet
been revealed by removing the lid from
the Rothschild operations.
Miss Garrett, according to Mr.. Kresel.
has made a confession. charging that
H. all she did she acted under the direc-
ton OF Julius Rothschild, but she Is
now DESTROYS of Withdrawing that CON
f~esslon. so Mr.. Kresel is no longer dis
posed to show her the clemency which
was promised. II she assisted the Dis
trict-Attorney. Tina Is why she has
been arrested now.
In ~entangling Stearns in a hopeless
way the Aetna Security Company
stopped at nothing. not even forgery.
according to Mr.. Kresel. In February,
1907, Stearns wanted to borrow $500. He
went to the Aetna Company and they
agreed'to let him have the money. He
was to pay Interest at the rate of $50
n month and also to give a chattel mort
gage on enough Of his property at No
81 Tenth avenue to cover the loan. Mr..
Stearns says that he gave a mortgage
on one $1,000 automobile, a drill press, a
ma ohinlst's lathe and a blacksmith's
forge. This covered the of the
debt several times over.
IL Alleged
sStearns says that after he executed
this mortgage the Aetna Security Com
pany deliberately Wrote In after the
words "blacksmith's forge" the fol-
Lowing: ten automobile tansoms. two
automobile BUSES and two automobile
broughams."
The fourteen automobiles added were,
according to Stearns. valued at S16. 900.
He never knew that they had been
added to the mortgage until the fol-
lowing September, when the lawyer.
Martin, accompanied by sundry other
persons. suddenly foreclosed On him.
went to his Tenth avenue establish
ment, hung. u a red flag and sold out
t%o'turn around. The thing was done In
a iiffy. n then Stearns says he vas
coolly informed that the sale had COW
cred the amount of the debt and that
he was even with he Aetna Security
Company, His SIG, 000, worth Of auto
mobiles disappeared like magic. and.
in his own language. there was moth
ing left in my place but the walls"
stunned by the Blow.
stearns, was so tunne by the blow,
which he thought was all right at the
time, and never took TO the courts. that
it took him months to get over 1t. He
and when he read Of the downfall Of
the Rothschild family. he went TO Mr..
Kresel and told him his story: The re.
pnny. Last week Mrs: Calm was ar
rested. Like all the Rothschilds,. tho
Rind women employees. Mrs. Calm was
charged with usury and held in $500 bail
in Special Sessions last week. A bond
was furnished by Mrs, May Barrett.
lives at Two Hundred and Flfty-sixth
street and Beto avenue, the Bronx.
Said TO Have Confessed.
The next move was the rounding up
CT Miss Garrett. She was summoned
to the District Attorneys ofice last
week. confronted with the proof OF
forgery In the mortgage and Mr.. kresel
She said that after stearns left the
office the day the mortgage wa ex-
ecuted Julius Rothschild ordered her to
write in a line putting the fourteen
automobiles up with the other security.
A copy of the mortgage was then hled
at the Registers ONCE.
Mr.. Kresel says that he was assured
at the time Of this confession thai the
young woman had left the employ or
the Aetna Security Company. He af-
terward learned that the company was
doing business at No. 2I
He then learned. how he will not say.
that Miss Garrett intended to repudiate
her confession. and he therefore caused
her arrest. She would nave spent last
night in the Mercer street police station
but for Special Sessions Justice Wyatt.
who went 10 the station-house In a
carriage and accepted her mother as
bali for the girl
Held for Examination.
Miss Garrett was arraigncd in the
Tombs Police Court to-day and held in
1000 bail for examination on the
charge of forgery. Her mother. who
went bail for Mrs. Calm. went bail
again for her daughter.
Soon after the arraignment OF Miss
Carrot, Lawyer Martin vas arrested.
Stearns charges that Martin vas the
man who acted all through the fore
closure proceedings for the Aetna Com
pany, a plain charge OF grand iarceny
held for examination in the Centre
Street Court. Martin is counsel for
the Globe Security Company. the per-
sonai attorney OF William Muirhead.
the late manager OF the Globe Com
pany. and the personal counsel for the
missing Louis Rothschild.