Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-29
BOND ROBBERY MAY
AMOUNT TO $500, 900
Douglass and bennett Said to Have
Obtained Much Larger Sum Than
at First Thought.

OF the country. But he made the mistake
OF leaving his post at 1915 on Saturday.
whether it was for the purpose of rails
ing money on some of tie collateral or
not Is not known. 1t is thought that he
may have just heard from the Manhattan
CLUB that eX- Mayor Josh Quincy of Bos-
act as counsel In effort to get immunity
for the return of some of the bonds
If Douglass had stayed through bust
ness on Saturday. said a director yester-
day, 'it looks to me as If he had a chance
to get away before Monday without arous-
ing suspicion
watched after Douglass failed 20 return
to his cage on Saturday. The last train
for Canada left the Grand Central station
shortly after midnight. Oakleigil Thorne.
president of the trust company. and other
officers who had been watching there start
ed for home. and. as has been told. Mrs.
a train at the Grand Central station of
the subway. If they had intended to get
the train they We're late. and went to the
Hotel Portland.
bennett With Mrs. Douglass.
The identity of the third man has not
been told but yesterday it was learned
that he was bennett He did not register
at the Portland. where Douglass was ar
rested later, but was followed to the Man
haitian Club He probably had the $780,
coo in bonds with him at the time but was
not molested until he came out of the club
on Monday morning. watch having been
kept there in the meantime. Then it was
that Mr. Thorne and the detectives search
ed his room and found the large bundle OF
securities.
When arrested Douglass had little money,
although some must have been raised on
the other S1JO,G}0 in bonds. 1t is thought
possible that it had been placed in the
keeping OF a third person, who was TO
forward it when Douglass had got well
away.
1t seems that the present loss of the
trust company IS s1650GO, not $4,000. as
has been inferred from the statement of
President ThoIne that the maximum could
not exceed the latter figure. He was fig
uring on getting the $4,000 for which
Douglass was bonded as partial relm-
bursernent OF the $165,000, $1o2,V00 repre-
sents cash taken out of the company
vaults to redeem securities by paying to
various brokers what they had lent on
them The remaining $4,000 represents
bonds still in the hands of brokers.
The Criminal End.
William F. Sheehan of counsel for the
trust company would not discuss the GRIM
inal end of the yesterday, which, he
said. was entirely in the hands of the dis
trict attorney, but said he was devoting
himself to the civil side. He would not
say when he expected to have ready the
civil suits for the recovery of the bonds
and the money paid to recover them
Speaking of the ease with which Douglass
was able to take such a large amount of
securities, q director of the trust company
told a story to illustrate how securities are
sometimes left in such institutions during
banking hours Several years ago another
institution, in which l was trustee, lost
large amount of money" said the director
The trustees were called together. One
of them. who rarely attended the meetings
and was not known to many of the sixty
eYnployes stroled out of the board ROOM
In a few minutes he returned, and, to
the establishment of his fellow trustees,
pulled out of his pockets securities to the
value Of nearly s1,o00C00 which, he said
he had picked up from various desks with
out any question.
The director was asked what he knew
about the connection of eXMayor Quincy
with the case. Mr.. Quincy has spoken
for himself was the reply. Il have moth
ing TO say about him..
The directors of the Trust Company of
America and of the Colonial Trust Com
pany. which is to be merged with it, will
meet at o'clock today to finish the re-
organization. In the building of the
consolidated company, now being built in
Wall street, there will be a dining room
for the employees. who will not be allowed
to leave the building in banking hours
stricter system of keeping track. of the
employees will also be put in operation.
Some interesting developments are eX-
pected from the district attorneys office
on the criminal side of the case today.