New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-01
SOME BONDS GET AWAY
Douglass Sold Outright sos, 900 in
Stolen Securities.

It was learned yesterday that the $4,000 in
securities, the only part OF the $4,000 taken
! from the Trust Company OF America by w. o.
Douglass. the assistant loan clerk, not regained
by the officers. is beyond all hope of recovery.
They were sold outright and have probably
changed hands several times since then. Even
If the company knows to whom they were sold
| by bennett. who acted for Douglass and could
actually trace them by number to some house.
they would be unable to recover them or the
money they represent. 1t would be impossible
to prove it is said, that the broker buying them
had any knowledge that they had been stolen
1t had been understood hitherto that this $3.50
| represented bonds which the company hoped to
| recover from the brokers with whom they had
been hypothecated.
Additional papers of bennett found by AS
sstant District Attorney Murphy in the vaults
OF the Atlantic Safe Deposit Company yesterday
throw more light, 1t is said. the connection
OF the third man" with the conspiracy. But
| even with this. the officers say. they have not
| enough evidence to warrant the arrest of this
man, who they are morally certain advised
bennett and Douglass in their operations. II
bennett frightened at the prospect Of a heavy
sentence. can be made TO turn states evidence.
there may be chance of reaching the
third man. criminaly. but so far bennett has
protected him and. it is believed. will continue
TO do
Much of the twenty-five thousand words con-
tanned in the first statement made to tho Dis
trict Attorney by bennett is irrelevant. He
beats about the bush and leaves out just the in
formation that is desired most. With view
to experimenting this statement bennett was
brought before Assistant District Attorney
| Murphy again yesterday morning. and it is
said added materially 10 the knowledge OF the
case. Following this talk Dir. Murphy and Oak
leigh Thorne, president Of the trust company.
went to the vaults OF the Atlantic Safe Deposit
Company and returned 10 the Criminal Courts
Building with a big package of documents
found in a box in Dement'S name. They had
been put there. 1t is said. by of Dement'S
friends, who received instructions from the
Manhattan Club while bennett was being
watched there week ago Monday.
report that there were some securities in
the package was denied by an officer Of the
trust company.
Early IN the afternoon Mr.. Murphy got some
information regarding the Boston man, sup
posed TO have some knowledge of the case from
men who had been investigating in that city.
Following this the Assistant District Attorney
had Douglass brought over from the Tombs and
quizzed him for hour and "a half. Mr.. Murphy
refused TO talk about the interview. 1t is said
more than $500 or $500 for himself out of his
SSOU,UoJ theftS
There weekly meeting of the executive
committee of the directors OF the trust company
yesterday. but action taken the bond
theft it was stated. Many OF the directors re-
aIize that ii would have been better if all
the facts in connection with the case had been
made public the first day. After the meeting
President Thorne said: when | stated a week
ago Sunday that only $4,000 had been stolen,
believed that 10 be the fact. Had / known the
amount TO exceed half million dollars
should have said so. The examination Of
securities had scarcely begun when 1 made my
first statement
while morally certain that there was
a third person in the (the Identity OF this
person being known TO us), we have not one bit
Of evidence TO date to connect him with IL. and
there is some doubt in my mind that shall
ever be able 10 mis- arrest No one is more
anxious than the officers OF the trust company
to reach this man, and everything that be
done 10 get evidence to warrant his arrest will
he done. There is now nothing in the case that
has not been told"
District Attorney Jerome Will take personal
charge OF the his return to-day.