The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-05-01
LOSE SIGHT OF BONDS
Trust Company Agents Can
not Trace $4,000 Loot.
DOUGLAS FIRST srEAI1EGs
More Private Papers of Broker Dem
nett seized-District Attorney StiiI
Searching for "Man Higher Up"
Further Developments Expected
To-day When jerome Returns.

New York, April 90.-In the official
statement issued by the trustees and Off
cials Of the Trust Company Of America
on Monday. relative 10 the stealings Of
Assistant Loan Clerk Douglas, it was
stated that all securities with the excep-
ton Of $4,000 worth had been recovered
BY the company While the statement did
not say as much the impression that the
officials Of the company gave was that
the location Of these securities was known
and that they would be returned in due
time.
A man connected with the trust com
pany stated to-day that the whereabouts
Of this $500 worth Of securities are not
knowni that they had been sold outright.
not hyp0thecated for loans, as were those
recovered, and had passed through so
many hands by this time that ali trace
Of them had been lost.
TIE officers Of the trust company be-
lieve that these missing securities repre-
sent the original stealings OF Douglas.
and the theft that led him TO make his
final big haul In an effort 10 arm him
! self with a club 10 swing over the COM
pany so as 10 secure immunity for his
| original ofense.
Seize More bennett Papers.
Early this evening box Of papers be-
longing TO Broker Oliver NJ. bennett. who
is in the Tombs with Douglas for COM
plieity in the robbery. and who hypothe-
Gated many Of the stolen securities, was
seized at the vaults Of the Atlantic Safe
Deposit Company. N 40 Wall street This
safe-depOsit vault contained a number
OF Broker Dement'S papers. and it was
said in certain quarters that the box con-
tanned a number Of stolen securities that
Douglas took from the Trust Company
! OF America
Assistant District Attorney Murphy.
who has charge Of the case against
Douglas and bennett who are in the
Tombs, spent "a great part of this after
noon in going over these papers II was
Assistant District Attorney Murphy who
ordered the box seized
| He was asked whether there were any
securities In the box, and replied that he
could not answer the question.
VIII you say that no securities were
found?' Mr. Murphy was asked.
That / viii not answer also" he re-
piled.
/ Company OF America. stated that he vas
positive that no securities were found in
the box. Just where ne got his informa-
4 ton he did not say.
"Man Higher Up" Not Yet Caught.
The hunt for the so-called man higher
up" in the case did not result in the pro-
duction Of such an individual to-day
Assistant District Attorney Murphy.
while he is not at all inclined to discuss
E the case. having received orders from
/ District Attorney Jerome 20 keep silent,
+ let IL be known that there would be no
new arrest tonight II was learned on
[ the very best authority that Mr.. Murphy
T Is not very sanguine about his being able
10 connect a third person with the crime
Both Douglas and bennett were brought
over from the Tombs to-day 20 the dis
/ tTict attorneys Office and questioned at
/ length by Assistant District Attorney
/ Murphy. The examination Of the two
/ prisoners who have been examined at
great length before. followed certain
statements made by three newspaper re-
/ porters who spent several days IN Boston
and talked many zines with a man there
/ who has been mentioned in connection
I with the case.
/ Mr. Murphy said that what the news
( paper men told him was interesting, and
/ that IS all he would say. SIR Murphy is
greatly worried over the case and is
/ anxi0usly awaiting the return Of District
/ Attorney Jerome from Albany. Mr. Jerome
NIL be at his desk tomorrow morning,
and it is expected that some facts regard
/ ing what has been done and learned will
/ be made public.
ThorRe Replies 90 Criticism.
Oakieigh Thorne, president of the Trust
( Company OF America, came out with
statement to-day regarding the reasons
/ for the manner in which he has acted in
the case. Mt Th0rne has been criticised
/ by members of the board Of trustees. and
/ by others Tor the way in which he be-
lifted the extent OF the robbery. and the
/ fact that It was only day by day that the
/ full extent Of the enormous haul became
/ known. thus setting the financial district
! and investors on edge as what to expect
/ next. He says:
when I stated on Sunday Of last week
/ that there had been only $4,000 stolen
I from the trust company. I believed that
/ TO be the fact. Had l known the amount
was to exceed half a million dollars
should nave made that public
The examination OF the securities had
hardly begun when I made my statement
on sunday While We are morally con-
WINGED that there was a third person in
the case, the identity of this person being
well known to US. we had at noon to-day
not one bit of evidence TO connect him
with Il, and there Is grave doubt in my
mind that we. shall ever be able to cause
1 his arrest No one is more eager than are
/ the officers Of the Trust Company of
/ America to bring about the arrest Of this
man, and everything will be done that can
be toward that end"