Evening journal., 1905-10-02
SECURITIES THIEF
MAKESC0NFESSI0N
Arrested in New York While
on His Way to Attend
Church
CLUE GIVEN BY A STAMP

New York. Oct. 2-Locked up In police
headquarters, with his fun confession in
the possession Of Captain John Mccauley
is the young man who, by means OF I
forged check, last Wednesday obtained I
from the National city Bank securities
valued at ss5s.oSO. lie was arrested yester-
day just as he stepped from his home and
was on his way TO church.
-Four hours later he broke down. and In
a Hood OF tears told the complete story Of
his crime.
Captain McCauley. OF the Detective Bu-
reau, has In his possession more than I
one-imlf OF the stolcn securities. The re-
mainder have been located and will be .
in his hands today.
In order that the fun ends OF justice |
may not be defeated and because of the I
fact that the father and mother OF the /
) young man have not been Informed OF his /
crime OF Of his arrest. his name Is with I
held. He has not been connected with /
the National City Bank which was rob- |
bed nor with eParl q Co., the firm OF
bankers which hypothecated with tho
bank the securities which were purlolned. /
He has for several years been the transfer
clerk In one Of the best-lsnown brokerage
firms I'm wall street He Is "a years old,
. and has been regarded by his employers
and by his friends as model OF pro-
{ priety and honesty. His position was one
E OF responsibility an dtrust. His engage
2 ment TO "a young woman woil-Snown In
p society OF this city was recently announc-
ed, and he was soon to have been married
WORKED ALONE.
4 According TO the confession he signed.
N the crime was an his own from rs incep-
tion 20 It's execution. He had made ar
y rangements 20 dispose Of the stocks and
IL bonds which ne had stolen, but az the
ie time of his arrest not one OF them had
" been hypothocated by him.
After he had completed and signed his
confession he said that until the moment
Of his arrest be did not deem il possible he
could be detected.
The ambitions OF the young man have
been great They led him 10 devote the
L greater part Of his time not given TO bus
Al mess 20 the study Of law. and he would
IN n short time have been graduated from
the Columbia Law School lie told Cap
9 tain Mccauley yesterday that his Grim
nfsl found termination IN hts mind whoi
he began 20 study how TO make Il impos
sbie for Just such "a theft TO be commit
ted lie was present when Pearl & Co
hypothecated the securities upon which
"A they obtained a loan OF ssooO0o.
- He knew that the loan was at the rate
te OF Interest OF ~ per cent. Right then ha
In determined 10 take advantage OF hts
to knowledge of the banking routine and OBJ
IN tain possession OF the stock shares and
in bonds which had been used as collateral.
er After having seen the transaction COM
pleted he went TO the Hanover National
lr Bank. where from a desk he picked up a
ht pad Of ordinary blank checks.
l Instead Of using a stamp for the purpose
~ Of numbering the forged check he used an
70 ordinary pen and red ink
Ell STAMP GAVE CLEw
he II was not any Of his crime methods,
he however that brought about the arr
he rest OF the young forger He knew
that no check would be accepted by
of the teller OF the National city Bank
unless IL were properly certified. Ac-
ny cordingly he went TO an obscure stamI
rs maker, from whom he obtained a die
to such as is used by banks I'm preparing
he for the certihcation Of checks. II wa.
700 this die which led to his arrest.
After all other clews had been ex.
ol- hausted the detectives made a searcl
Is OF the city. visited every stamp max.
he er IN each Of the several boroughs. Il
mt thus came about that the description
I'll of the forger was obtained. That de.
mt scription was taken 10 Wall Street
Iul and an attempt was made 70 fit IL 4
ed some one there employed. The righ
te, clew was discovered. and the man wt'
es, made the stamp was taken TO Wal
nd Street and identified his customer
When the young forger gave the or
ph der for the certification stamp he d.
SITS rected that It should be sent to hin
I'm In care Of one Of the local branches o
lse the Young Mems Christian Associa
tion. The clerk who delivered tn
stamp 10 him made the identification
OF complete.
lll CONFEssEs CRIME.
The arrest followed After he ques
Iin toned his prisoner for some time Cap
tain McCauley had almost conclude
that Il would be impossible 70 per
IN suade him 10 make any confession
i'd when suddenly the entire attitude q
IN. the young man changed.
1T is true. Captain he said. "yo
ch have me right. I am the man. / 60
,o- the securities from the National Cit
:. Bank. None Of them has been dis
y posed or I will return them all.
zen am glad have been captured. hay
been a fool"
at He then made a complete statemen
to which was taken down in writing an
,he which he signed. To Captain Nc
aot Cauley he said it had not heen his dc
sire at any time 10 commit a Grim
- but he had been impelled to show III
fallacy of the present surface method
~ of banking.