New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-04-23
HOPES TO GET BONDS
MR. THORNE CONFIDENT.
Part of Stolen Collateral Found IN
Brokers Room in Manhattan Club.

Oakeigh Thorne president OF the Trust Com
pany Of America. said last night that the COM
pany expected TO recover all of the bonds which
William o. Douglass. assistant loan clerk OF the
institution. took to margin various private spec
UIative accounts. Further than this Mr.. Thorns
refused to talk aoout the case. as he said il
might thwart arrangements he had made for the
recovery Of the bonds.
Mr. Thorne said that the missing bonds footed
UP to much more than $4,000, but would not
say that the theft amounted to as much as
S25OOOO. the figures which Detective Quinn. OF
the West 47th street police station. says are
right Clerks of the trust company were busy
all day yesterday checking up the bonds de-
posted as collateral
One of the features Of the case yesterday was
the recovery Of $4,000 of the bonds in a room
at the Manhattan Club. Everybody connected
with the club tried to deny the story As soon
as Mr.. Thorne learned that Douglass had been
doing some OF his specuIating through oliver NJ
bennett & Co, Of No. 40 Wall street he
had two detectives placed IN front OF the Man
haitian Club. They were there all day Sunday
and all that night. When Mr.. bennett came out
yesterday he was asked to take the detectives to
his room. There the bonds were found. Later
in the day Mr.. Thorne had a consultation with
Mr. bennett. who willingly agreed to turn over
all the bonds given to him as collateral by
Douglass
/ The officials Of the Trust Company Of Amer
lea are IN possession of several accounts Douglass
carried with different brokerage concerns. They
have also tied up all his balances and expect to
get their bends back by making good whatever
losses the accounts show.
In the West Side prison yesterday afternoon
Douglass said he had been hitting" the stock
market for some time. starting in in small
way. 1t was not until the recent slump that he
found himself in deep water. He would not say
how much he had lost or whether he was drawn
into the game by another person II have given
information to the detectives he said which
believe viii result favOrabIy for me-"
When Douglass was arraigned In the Wese
Side court yesterday he was held without bail
on a short affidavit for examination this after
noon. AT that time it is understood that ex-
Justice Morgan J. OBrien. representing the
trust company. will make a formal complaint.
Douglass is represented by Robertson Honey a
son of ex-Lieutenant Governor Honey OF Rhode
Island. Mr. Honey said the amount OF the
stolen bonds had been grossly exaggerated
and that in due course Of time Mr.. Douglass
would meet the accusations against him.
Some of the friends of Mrs Douglass wer.
much worried when she did not appear in court
The rooms at the Hotel Portland. where Doug
lass was arrested shortly after he had taken
them with his wife. early on Sunday morning
were given up. These friends. however, said
that Mrs Douglass had not returned to her
home. at No. $50 EltGl street, Brooklyn. nor to
the home OF her parents. in the same section Ot
that borough Her parents refused to say last
night whether or not they knew where she was.
F. r. MoSeley. half-bTOther Of Douglass was
employed at one time by the firm of bennett &
Co. His friends We're astOnished some time ago
70 hear that the young man had bought a seat
on the Consolidated Stock Exchange and was
the head Of a brokerage concern known as F.
r. MOseley & Co Then il was reported that
his hackers were the same as those Of bennett
& Co. +. r MOseley & Co. started an advertis-
ing campaign for business. There is a large
Stock Exchange firm with somewhat similar
name. and October %. 1906 the governors
Of the Consolidated Exchange induced F. r..
AIOseley to sell his seat 70 them.
Oliver NJ bennett was not in his offices. con-
ststtng Of two small rooms an upper fOOr
Of No. 40 Wall street. all day yesterday All
inquirers We're referred 70 Forbes J. Hennessy.
his lawyer, of No "a Liberty street but the lat
ter refused 70 discuss the case. Before coming
to New York in 1904 Mr.. bennett was connected
with various brokerage houses in Boston.