Connecticut western news., 1907-04-25
HELD FOR BANK THEFT
Loan Clerk Said to Have Robbed Trust Company of S25O,OOO.
IS CAPTURED BY SUPERIOR.

Police Declare Prisoner Confessed Rob-
 bery, Part of Which Is Recovered
 In Sensational Manner-Broker Den-
 nett Is Arrested.
 New York, April 24.-Escaping from the watch set around him by twenty eight of his fellow clerks of the Trust Company of North America of this city, who acted as detectives and GOV cred all ferries and railroads, w. O. Douglas, assistant loan clerk of that institution, fell into the hands of his immediate superior, A. NJ. Ostrom, on the street by mere chance and was a few minutes later arrested at the Ho- tel Portland, 132 West Forty-seventh street. He was charged with stealing bonds of the Chicago, Rock Island and Pacific railroad valued at $50,000 from the trust company. Magistrate Fin elite, in the west side court, remanded him without bail for examination.
 Oakleigh Thorne, president of the trust company, admits the dedication of $50,000. He says that the bonds have not been converted into money and that they will be recovered from the broker who has them.
 Took a Quarter of a Million.
 The police tell of a written confes- sion, now i'll the hands of President Thorne, signed by Douglas, admitting that he had taken i'll all bonds worth $250,O00.
 Douglas is thirty-four years old, liv- ed at 1S0 Elton street, Brooklyn, and when arrested at the hotel in Manhat- tan was with his wife. X third person had registered for them under the name of "W. k. Gray and wife, Bos- ton" This third person disappeared as soon as he had registered.
 In a statement from his cell Douglas said that he had lost the money in speculation in Wall street. Instead of raiding poolrooms and cheap gam bling houses to the exclusion of all other work Commissioner of Police Bingham should turn the attention of his men to Wall street" said Douglas. "A man has no chance to get out of this speculative whirl with n whole skin"
 How Booty Was Recovered.
 Through suggestions made by Doug las, it is said, the company's officials obtained part of the stolen bonds In a rather sensational manner. After Douglas was arrested detectives were set to watch the Manhattan club, where broker with whom part of the bonds had been deposited was staying. When the broker emerged from the club to go to his office in Wall street he was confronted by the detectives, who asked for the bonds. The man, 1t is said, refused at first, but finally yielded and went with the detectives to his room. There, 1t Is said, he was searched and his room ransacked thor oughly. Finally between the mat tresses of his bed were found Chicago, Rock Island and Pacific railroad bonds. The amount is estimated vari- ously at S20,000 to $5o,00o.
 Broker Dennett Arrested.
 Notwithstanding the arrest of Broker Dennett, through whom Douglas nego- tiated bonds he Is charged with hav- ing stolen from the Trust Company of America, officials of the bank are not satisfied that they have yet got the real man behind the cabal. One of the trustees admitted that they were seek ing a man whose name has not yet ap- peared in the case-a man who Is well known in Wall street. The Pinkertons who had Dennett In what they describe as voluntary custody" from Sunday morning to the time he was taken to police headquarters admitted that they might make another arrest at any time.