Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-02-19
STOLEN BONDS FOUND
Securities Taken by Treasurer
Walker Are Located.
MARKET VALUE OF $4,000
Defaulter Victim of Men Who Prom
Used Aid.
MAY STILL BE IN NEW YORK
How the Time-Worn Wire Tapping
Game Was Worked on the Des-
perate Connecticut Banker.

NEW YORK, February 19.-Norman T.
Bailey, assistant superintendent Of the Pink
erton detective agency in this city, admits
that $3.50, 600 worth of the securities stolen
by William F. Walker, the defaulting treas
urer of the Savings Bank of New Britain,
Conn.,, had been located. He made it plain,
however that they had not been recovered.
Most of them were negotiable securities,
said Mr.. Bailey, and Walker, officer
and director of the bank. was in position
to dispose Of them without question. 1t is
understood that some of the missing securi-
| ties were not negotiable and that the per-
sons who purchased these from Walker are
responsible. There was a report that $50 900
worth of such securities had been located in
the office of a Broad street broker and
seized by the Pinkertons.
There was another long conference yester-
day afternoon between the committee rep
resenting the bank directors in this city,
Noah Cornwall Rogers, their attorney, and
Detective Bailey. E. H. Dawson of New
Britain, president of the American Hosiery
Company, has been added to the committee
of directors, owing to the inability of State
Senator Andrew j. Sloper, one of the orig
inal members of the committee and the
brother-in-law of the defaulting treasurer,
to act.
we DeleVe Walker TO De III new I Ork
stin.'' Mr. Bailey said after the conference
land it is the most secure place in which
he could hide. In an obscure lodging here
he is safer from detection than he would be
in almost any other part of the world. But
we are confident that we will get him. 1t
will be only a question of time.
Swindled Out of 100000.
Mr.. Bailey confirmed yesterday the re-
port that Walker had been swindled out of
l.ro nf 11-o Sob
wire-tappers in the Tenderloin of this city.
1t is said that the amount lost by Walker
through this channel was over $500 OOO but
Mr. Bailey would not discuss details
1.-The story, on the whole, is about right
he said. Il don't want to talk about any
features of the case until after Walker has
been caught
The men who played the e-tapping
game on Walker are known at police head
quarters and to the Pinkerton agency. They
left town as soon as Walkers defalcation
became public.
Walker was first approached by the wire
tappers last October after it was discov-
cred by them that he had lost heavily
through bucket-shop speculation. A repre-
sentative of the gang went to New Britain
and called on Walker at his home. He is
an Englishman and a glib talker. He found
no difficulty in interesting Walker in his
scheme to make a million dollars in a few
days. The scheme was to put up Job on
Grafton with the alleged manager of the
racing department of the Western Union
Telegraph Company. The latter was to
hold back the returns from the race tracks
federates were to be given the names Of the
winners and bet on sure things
1t was represented to Walker that $780,
600 capital was needed with which to work
the scheme Walker agreed to meet the al
legged manager of the racing department Of
the Western Union in this city. He was
met at the Grand Central depot by the
agent of the swindlers and taken to the
Western Union building, at No. 1875 Broad
way. He was ushered upstairs to offices
that he was told were the executive offices
of the telegraph company, where man
| without hat met them in the hall.
"Oh, Mr.. DAILY" called out the steerer
Il have brought down our friend, Mr.
Walker of Connecticut"
How the Game Was Worked.
The alleged manager shook hands with
Walker and cautioned him not to speak in
| loud tone for fear that some of the other
officials of the company would discover their
game. He then explained that the board Of
directors was In session and he was expect
ed to submit report of the business for
the last month In half an hour he would
be at leisure and would meet Walker and
the other man at the Aston House. He
did so.
Walker raised $4,000 in cash. Walker
was taken to building in West 2Sth street,
which he was told was Richard Canfelds
pool room. There he was introduced to
third man, described as a betting commits
sioner, to whom Walker gave $4,000. Then
the savings bank treasurer was called to
telephone to talk with the manager of the
Western Union racing department. The
name of a horse was given and the money
placed. The horse came in second.
You were told to put the money up for
place, because the odds were heavier than
on the horse that won'' he was told
The banker was convinced that he had
made a mistake in the excitement of the
moment and the following week met the
pair Of sWindlers again.
Walker was allowed to win $4,000 on the
next venture, "convincer." Then a
plunge was made for 100000, and Walker
lost. When he tried to find his partners to
get an explanation they were missing. He
never saw them again.
The bonds on which Walker raised the
money were said to have been negotiated
for cash through well-known Tenderloin
bondsman who is credited with having
pc erful police influence.