The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-07-28
GOING TO INDICT
CASHIER WIDER
Specific Charge of Stealing
400 Shares of Baltimore
and Ohio.
SAME WENT TO DICK BROS.
Firms Lawyers Say II Can't Be Re-
covered How the Thefts
First Came Out


Wider. the absent cashier OF the Russo
Chinese Ranks local agency The Spc-
cific charge - that on May - Wider took
10 Dick Bros A 90 1OO shares Of Baltl-
more and Ohio. which he either sold or
hypothecatsd. and tn & thus was grand
larceny SubpPnas have been sent to
the Stock Exchange house and also To
Wider's lawyer Leon Il Ginsburg. Dick
Bros telephoned to Tcting District At
tornsy Mott yesterday afternoon that they
would have a representative PRESENT and
the Cashier's counse, sent word that he
would come
The Information on which the District
Attorney offiCs IL working came from
the officials II the hank said Mr. Mott
yesterday They got part of Il from
Wider himself and part from Dick Bros
The hank = attorney brought me a letter
which had bee receiV ell from Wider and
which told them the first that they heard
of ms stealings He had been ordered
To- send block of Penn-Vl anna Railroad
stock To German hank He had used
this stock and he couldn't carry out the
order so he thought the wisest plan was
tn get out Of the way and tell the bank
about IL hy letter His message was less
than full page long
After that came the agre ment by which
Wider went to the Office Of the bank =
LAWYER. where he made a fuller confession
Then h" went back into hiding. Three Of
the bsnk : employees had keys 20 the
strong box IN which the securities were
kept and u WASH very hard job Tor
Wider tn tax. ont what he wished
Ia fact Information has come 10 me
from one of IN" bank = officials. said MIR
Mott. that Their" was an astonishing lack
of system about the way that the Affairs
Of the agency We're conducted
II was r,Imorri that the banks agent
Gustav Cert. who - now IN Europe. had
not simply gone on a vacation h'it that he
had b"n ASKED 10 resign with half a
years sala-y inspector Markowski was
asked about tins
Whatever NAV have happened b.
tween Mr. Gerfz and the headquarters
at ~ Peiersburg.- SAID he. would h.
strictly be'wean them I'm sure I cant
say about that one way or the other
l Word came To the District Attorneys
offC~ yesterday that IA" condition Of
Affairs az the agency was 40 muddls.d that
the adviSab,uty uf ing up the New Nora
branch had ls-"n considered and that
MIR Ma-NoWsHI had been sent over here
J To See about -
That isn't 80 SAID the INSPECTOR
and at any rate I am not at liberty 10
tell what wer" my instructions from my
bank
Mr. MarkoW-si declared Yesterday
thai D." mad uo suspicious agai net any
one except Wide neither there wer,
Others working with the cashier he
couldn't tell. but he had no definite idea
u the IDENTITY Of such p"rson inside or
oUtsic'. 1T tho hank
Mr. Mott aid that there - no evidence
~ the District Alto .neV's Office to show
thar IN" hrOKerag" ho,lSn- winch dii
business with Wider anew that they w"r,
accepting stolen goods Dies Brothers
mad" something IT a statement Y"sl"r-
dsy through their lawyer, George y
Graham OF ~ broadway
-Ih. lawyers for the bank -eni nOtifi-
cation To DlCN Brothers last saturday
-aId Mr. Graham. that certain S.s'.IrI-
ties had b.s.n stolen from the bank and
that som. of tEsss. IL had bs-,.n informed
had passed through IN" hands Of 'his
( firm They declared that they proposed
To hold the house Responsible 4 list OF
b securities ~as sent. not the whole adv"r-
tused list. but = part which they declared
l had been handled by tbs b rpkerIgo firm
A good many r.ople seem Z" think
that IN. brokers will have Ia return ,h.-.,
/ securities. Mr Graham was reminded
That - because they don understand
IN. case lac reDlied As | know the
facts q will b- impossible to hold Dick
/ Brothers and the other firms rcsponsl-
/ BILE
/ When the lawyer was told about the
s.$sCifC charge which the District Attor-
ney' : offics. intended to advance hs saId
that Dick Brothers had received only
len shares 81 Il \ % from Wider IN four
blocks ~ twenty -hv" shares each.
The brokerage house has held great
numbers ~ securities from Wider. said
he but most ~ them hay" been passed
back b.caus. they wer" NOT Used up ny
margins
J. The account with Dick Broe had
B l.-n clp-.-d only "a month ago. said their
LAWYER II SEEMED IT, h. Mr. Graham's
impression that Wider was not financial
weakling 10y any means
He was abla ." sign drafts for several
hundred thousand for the hank said
tn" LAWYER and th'-s.. were collected
IN du. order and pn".'d on d"u"sit with
4 r.pviabk. banks IN this city acting a. the
Russ" hnes.e institution fiscal agents
II has uut yet ba"n absolutely deter
mined how far he iuint Ipnwcr e attorney
enjoyed ~ Wider extended Nr Mott
~ ,spnsI'i.rahlv Interested IN this a.
tending to- show how 10. went about dis
posing uf III" hank securities. A. far
as he has h'.'.u able 20 learn the power
d was r.si riCtcd a. signing CHECKS