New-York tribune., 1910-07-27
BANK CASE Up TO LAW
Continued from first page.

Iations with the missing cashier was
JosephthaI, Loucheim & Co. \ member
of that firm said that Wider had carried
an account with it which had been
closed out by Wider's request, after he
had lost $4,000 on the market. The
firm declined to say when Wider's ac-
count had been closed or whether he
had put up securities or cash to cover
his margins.
Open Investigation Likely Now
Aside from what the brokers had to
say, and the definite statement that
Stock Exchange members would not be
disciplined for their dealings with Wider,
the chief development of interest to Wall
Street during the day was the appeal by
the bank to the District Attorney, which
gives promise of an open investigation
to succeed the mystery shrouded acttVl-
ties of the last week
The delegation which called on Mr..
Mott. the Acting District Attorney, was
composed of Julius Goldman, counsel for
the banks agency; f. De MarkoWskl,
the travelling auditor. and Lieutenant
Cazzaza, of Inspector Russell's staff.
The bank officials expressed surprise
at the attitude of Leon B. Ginsberg.
Nider's counsel, and asked Mr.. Mott to
make a thorough investigation OF the
case from beginning to end.
They gave Mr.. Mott the names of sew
eraI brokerage firms with which Wider
had had dealings. Mr. Mott Immediately
ordered summOnses issued for the heads
Of the firms and for several other per-
sons including Mr.. Ginsberg, who, IT
was thought. might be able to throw
light upon the subject of the inquiry.
They will appear next Thursday. when,
it is understood. an investigation by the
grand jury will be begun.
Stocks Taken Were Well Chosen
The list of stolen securities given out
by the bank disclosed that Wider had
not gone about the business Of select
ing his loot blindly. High class railway
stocks predominated, with scattering
$4,000 worth of gilt edged tndustrials
There was d bundle of Pennsylvania
Railroad stock in the list, of which the
total value mounted up to S134.OOO, and
another of Baltimore & Ohio, which was
worth approximately S152,0D. North
ern Pacific to the value of $4,000, Chi
cago, Milwaukee & St Paul worth Sl1.-
S65 and New York Central to the tune
Of So, $50 were in the list, as well as
smaller amounts of Erie, Wabash,
Southern Pacific and Atchison.
,l4.l kcf,e-
Pennsylvania Railroad. 1.3OO shares
Baltimore & Ohio, 500 shares Missouri.
Kansas & Texas, 300 shares Tennessee
Copper. 200 shares New York Central.
200 shares Great Northern Ore, 100
shares ST. Paul, 200 shares Wabash pre-
ferred, 80 shares Southern Pacific, 100
shares General Electric Company. 20
shares American Locomotive, 30 shares
Erie first preferred. $50 shares Northern
Pacific, 100 shares Atchison, 500 shares
Reading. $50 shares American Smelling
and Refining. and % shares Great
Northern Railroad,
on the basis of the market value of
the stocks at the time their loss was
first discovered they were worth about
the stolen bonds, which were estimated
at about $4,000. would make the total
present loss to the bank by Wider's haul
approximately S645. 600.
The publication by the bank OF the de-
scription Of the stolen securities is in
line with the rules of the Stock FIX
change. which provide that the descrip-
,P cfn md q
shall be published over the ticker, So
that members who happen TO have any
of the loot In their possession. however
innocentIy, may communicate that fact
To the governors.
Must Reveal the Facts Now.
Such Stock Exchange houses as now
have some of these securities in their
possession, II there be any such. will be
forced to admit the facts. Otherwise.
it is said. the governors OF the ex-
change will be inclined To take prompt
action
The theory of the detectives at work
unon the case, however. Is that the ulti-
mate disclosures viii show that not
much of the loot found It's way into
possession of members of the exchange.
They are inclined To think rather that
Wider followed the plan of W. o. Doug
lass. in the Trust Company of America
robbery. in 1907. That theory was
born out still further by the statement
of Wider's mother -in-Iaw. Mrs. F. c.
Vorel of No 1883 Webster avenue. The
Bronx.
She asserted that Wider had never de-
rived a penny o. profit from his thefts.