The evening world. [volume] (New York, N.Y.) 1887-1931, 1912-10-16
BROKERS GIVE Up
s4OO,0OOLOST BY
DEFAULT|NG CLERK
More Than 80 Per Cent. of
Wider'S Loot Is Returned to
RuSSo-ChineSe Bank.

More than 700, or practically ~
per cent. Of the value OF the gilt edge
securities stolen last year from the
vaults OF the then Russo Chinese bank
agency at No. % Pine street by Erwin
j. Wilder. a s23-a-week clerk. has been
recovered from the New York Stock
Exchange houses where Wider traded
In stocks. Reports from st. Petersburg.
headquarters OF the bank. confirm the
settlement. which representative of the
financial concern in New York say they
cannot discuss.
The amount We got from these Stock
Exchange houses was sufficient to fully
satisfy the directors Of tho bank" said
Julius Goldman. lawyer. CT No. 1T
Broadway to an Evening World reporter
to-day. Il represented the bank in the
negotiations with James VI. Beck. Louis
Marshall. George 8. Graham and others
who were retained by the various brok-
ers involved I gave my word not to
reveal the terms OF the settlement. so
cannot name the exact sum they paid
over.'
A reporter from The Evening World
called at the offices of the bank in Pine
street, and found the hallway on the
second floor filled with boxes which a
clerk said contained the books. rec.
ords. etc. OF the agency which were
about to be shipped to st. Petersburg.
I'VE are winding up here" he added
"our agent, NJ. Etlenne de Markowsk!,
expects to be recalled to the London
once. and when we have finally closet
this office our American business will be
handled entirely by the National City
Bank and Ladenburg, Thalmann 4 Co.,
who have been retained as our corre-
spondents."
Later. Mr.. de Markowskl told the
reporter that since the defalcation OF
Wider the Russo-Chinese bank had been
merged with the Banque du Nord under
the name Of the Russo Asiatic Bank,
with capital OF So, 000. 900 roubles Thr
old concern was capitalized at 1000, 900
roubles. A rouble is SO cents In United
States money.
He said that the head OF the merged
concern was the former Russian Minis
ter OF Finance, NJ. Poutiloff, who was
head of the Russo Chinese bank, and
that although the new concern ha 1
Withdrawn Its two American agencies.
at New York and San Francisco, 1t sta
maintained 10 branches in Russia.
China. France. Japan and England. NJ.
de Markowski Is the inspector from St.
Petersburg who came to New York fou,
weeks before the arrest of Wider and
whose inspection OF the books brouga,
about the arrest Of the defaulting clerk.
Wider stole about $500. 900, although
he was credited at one time with tax
ing s6S0.000. He Is now serving a
fourteen-year sentence In Sing Sing.
He came to New York from German,
four years before his arrest, and after
working in several banks got employ
ment with the agency of the foreign
bank. which proved his undoing.
About two years ago 1 met the
woman who Is now my WIFE" he said
before going to prison. Il fell In love
with her. l tried to make the hes l..
impression ! could. She thought I
was a banker and I was merely a
clerk. We were married, and my
salary OF $1,000 a year seemed small
and one day l was tempted to spec
ulate. I began to carry accounts with
various brokerage houses, and l used
securities belonging to my employers"
Following the conviction of Wider
suits In behalf OF the bank were started
against the Stock Exchange houses
where he had lost his employers funds.
There In \ rule OF the Stock Exchange
forbiddtng it's members from carrying
accounts Of bank clerks and employees.