New-York tribune., 1910-07-26

with which he approached at least one
brokera Sc house, the one which made an
Investigation Of his standing. and that
was approxinated yesterday by Leon 8
Ginsberg, his lawyer, as the prooabls
total OF his thefts in April, 1909, when
Wider first came as tenant TO Gins
bergs two family house in The Bronx
= knew he was sreculating," said
Ginsberg yesterday, back at that time,
but I didn't suspect the amount Of IL.
He would talk about the market and
about the ups and downs OF different
stocks, and I told him time and again
that any man who went there expecting
70 make money was a fool, but even then
! never thought but that he was simply
what they cali 2 -piker.'
Contrast with Alvord's Plan.
Alvord took his medicine and was sup
posed 10 have Put the proceeds OF his
theft away for enjoyment on his re-
lease. Douglass nearly made good his
bid for immunity. But he lost his nerve
and took too many persons into his con-
tdence. The bonds were found before
he himself was arrested. and his strong
est weapon against the trust company
was gone Had he been able to conceal
the wherea bouts Of the bonds be might
well have been able. il was said, TO in
duce the bank officials 10 grant him i'm
r7uniry for the stolen securities he was
unable TO return on condition that the
larger sum be restored Douglass got
three years, and even that term was
shortened by Governor Hughes.
In Wider's case the only thing that
has been made public regarding the stol-
en securities is the list or bonds given
out On Saturday. It is generally believed
that those bonds are gone ard have al
ready passed into possession Of limo
cent purchasers, from whom they can
not be recovered
The status Of the brokerage houses
that accepted securities from Wider on
his speculative accounts viii be Of par
1icular interest 10 Wall Street men if
tn cashier is apprehended and makes a
clean breast Of the whole matter Resti-
tuition Of the stocks taken by Wider,
prominent brokers said yesterday, was
sure DroElNSO Itlt Cdsl1-S- Ai0--IC0 S--S
firms concerned, but in the matters Of
the bonds, the brokers said. ownership
raised with possession, and 1t was
doubtful If the brokerage houses could
he forced 70 stand the loss, as in the
case of the stocks
Exchanges Probable Action.
ll Aside from that feature Of the case, il
is against the bylaws Of the exchange
for a member 10 transact business on a
marginal account with an employe Of a
bank. and discipline by the exchange
would be sure TO follow the proof Of such
transactions by any member Of the ex-
change.
The responsibility of the Russo-Chi-
nese Bank in the matter is likely 10 be
investigated by the Russian government,
II was said yesterday by former official
OF the bank. now a broker in this city,
who still holds stock in the st. Peters
burg institution He named Edouard
NcetZlin, Of Paris, as the chief financial
hacker Of the Russo Chinese Bank. and
said that Noetzlin had already asked the
Russian Minister OF Finance 10 start an
investigation. Gregory W:lenkin is the
financial agent OF the Russian govern
raenJ in the United States, but he was
not in New York yesterday.
Mr.. G:nsberg told more ~ detail yes
terday CT the arrangements by which
the hank officials receives the confession
from Wider. When Merkowsl,i started
his investigation OF the amount of the
securities On hand, about ten days ago,
Wider disappeared. Subsequently, when
tire theft had been discovered, negotia-
tons were opened looking toward sn
agreement that the cashier be not pros
ecuted and that publicity be avoided
Further than that, 20 arrange for the
actual confession it was agreed. Gins
berg said yesterday. that Wider should
&C TO Mr.. Golduans Office a week ago
yesterday. meet the bank officials in
conference and be allowed 10 have the
benefit Of a twenty-four hours start Of
any pursuit or surveillance that might
be considered necessary. It was an arm
fstice IL a wsr-
Conference with officials.
Wider wsnt there. acknowledged his
theft. and went his way, but he had
seen enough 70 make him distrustful of
the bank officials. and he did not return
to the place where he had first been in
hiding Detectives hired by the bank,
G:nsbere said tried TO trail Wider from
the conference to which he came under
q nag of truce. so 10 speak. but the
cashier eluGed them and betook himself
IS another hiding place to await deVel-
opraents-
AT that." Nr. Ginsberg continued. 'if