The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1907-05-02
BONDS STOLEN
WORTH S4OO,OOO
Effort To Get Mayor Quincy, Of
Boston, In Plot.
VERY PROMINENT MAN INVOLVED.
Citizen Prominent in Financial and
Political Circles of Massachusetts
Said to Have Been Connected With
Broker bennett and Bond Clerk
Douglass Now Under Arrest.

New York Especially Part of the
real story of the Douglass-Dennett
bond thefts from the Trust Company
of America just leaked out.
w. o. Douglass, the assistant bond
clerk. had been taking bonds, it is
said, in small amounts from the COM
pany for year. He had been specu-
lating in the market. expecting 10
return the bonds after he had made
his pile. In these operations he was
associated 1t is charged, with Oliver
NJ. bennett. 1t was bennett, it is
said, who peddled the bonds around
Wall Street in small amounts, put
ting them up as collateral for loans
from reputable stock exchange
houses.
Last week the affairs of the Doug
| lass-Dennett combination became
so desperate that Douglass decided
that nothing but bold stroke, 1t is
said could save him. On last Fri
day, therefore, he dipped into the
trust company's strong box, it is al
legged, and walked away with sew
eral hundred thousand dollars worth
of bonds. One man who had heard
the details of the case said that. the
clerk took 100000 of the bonds.
It was Douglass purpose, it is
stated, in making this big haul, to
put the trust company in such posi-
tion that it might give him immunity
for the small amounts which he had
taken provided he would return the
larger amount.
Letters Sent Mayor Quincy.
Following this plan, a letter, it is
said. was sent either by Douglass
or bennett to Joseph Quincy, former
mayor of Boston. bennett was for
merly a Boston man, and it Is said
that he had met Mr.. Quincy there.
/ According to the story, the letter
contained a request that Mr.. Quincy
would act as counsel for Douglass
in negotiating a settlement with the
| trust company. According to state
ments that bennett has made, Mr..
Quincy refused to have anything to
do with the case.
At any rate, a Rhode Island law
yer, 1t is understood, called on Presi-
dent Oakleigh Thorne, of the trust
company, on Sunday in regard to this
matter of a peaceful settlement of
the trouble between the trust COM
pany and the Dennett-Douglass COM
bination. Mr.. Thorne informed the
lawyer that both bennett and Doug
| lass were under arrest, and that
broke up the conference.
On Monday Robertson Honey, a
| lawyer of this city, appeared for
Douglass. Mr.. Honey announced at
the time that he had not been retain
| ed by the defendant, but by another
| party. Mr. Honey is a brother-in-
law of Josiah Quincy, and is the son
of Samuel r, Honey, Of Newport,
| former lieutenant governor of Rhode
! Island. He is a graduate of Har-
ward and West Point, and was an as
sistant under District Attorney Asa
| Bird Gardner.
The Man Higher Up.
II is said on good authority that
| there Is a third party in Boston
| other than any yet mentioned who is
connected in some way or other with
! Douglass and bennett in the looting
OF the trust company. This man
is described as fairly prominent both
in financial and political circles in
! Massachusetts, That the alleged
! Doubldsh pldH 10 loiNt tuc u uot CUM
pany into giving his immunity failed
was due, in large part, 1t is believed,
| to the prompt action which Presi-
dent Thorne and other members of
the trust company took. Douglass
was arrested almost before he had
had an opportunity to get out of
town.
How the trust company recovered
the big batch OF bonds which Doug
lass took of his farewell visit to the
vault has not been explained, but
that II has recovered the securities
/ is evident from statements which
representatives of the company have
made.