The Washington times., 1919-11-21
Sod STOLEN STOCK
TOGET SHOW DOWN
Sullivan, in New York Tombs,
Tells Detective He Is
"a Ruined Man."

Admitting that he ordered the sale
| OF 100 shares of Crucible Steel stoax
! through the Franklin Trust Company,
of Philadelphia, after he had bern
apprfsed that they had been stolen,
David w. Sullivan. former Washing
/, ton saloonkeeper and more recenski
of the firm Of Sullivan & CD. brokers
/, of Washington and New York, do
ciared-he did so because he wanted a
i'show down.
Now, I'm q ruined man." sullivan
| rs said to have told Detective Ser
geant Patrick O'Brien, of the District
central office, while he locked
! up In the Tombs at New York. De
tective yO'Brten returned from New
York this morning with a mass of in-
eliminating evidence. which, it is exp
pected. will result in at least half
dozen Washingtonians being indicted
by the Federal grand jury here on
banks and other brokers in connection
with the wholesale thefts Of negoti-
able securities from bank and broker
runners in New York during the past
four months.
Net Surely Clssing.
THE net surely is Being drawn
about the principals responsible for
the robberies and the duping Of
Wsshinston brokers and banking in
stitutions through the sales of the
! stolen negotiable securities." declared
Inspector Clifford l. Grant. chief Of
! detectives today. after a lengthy con-
ference with Detective Sergeant
| OBrien.
.:Not only win the Drains. of the or
ganization be rounded up" continued
Inspector Grant, \.but incriminating
evidence against the gangsters who
held up and robbed Or corrupted the
bank messengers to give up the valu-
able securities is in our possession"
| Inspector Grant declared that the
net was Tightening about at least
four Washingtonians suspected OF be-
ing silent or active principals in the
Wholesale robberies. amounting to
more than the theft of one million
/ dollars in negotiable securities.
At least two Washingtonians today
| are under the surveillance Of detec|
| tives, and their arrest can be made at
any moment. One arrest Is likely to-
| day. but Inspector Grant would not
| intimate the identity of the suspect.
More arrests will be made In Wash
| ington, as we'll as in New York." said
| Inspector Grant.
A sweeping investigation involving
those said to be responsible for the
negotiation and sale Of stolen securt-
ties in Washington will be begun on
Monday by the Federal grand jury.
Inspector Grant and Detective Ser
geant O'Brien will present to United
States District Attorney John E. Las
key the names Of brokers AMI others
who are believed 70 be connected. i9
one way or the other, with the theft
and sale of the stolen securities. and
the evidence in each case will be given
the grand jury.
UhAer ssrveilla.ee.
The name OF former Washington
broker is prominently mentioned in
| connection with the theft and sales
Of the negotiable securities, but as
yet, It was stated. not enough incrimi.
mating evidence has been obtained
against him to place him under ar
rest. This former Washington broker.
known in financial circles through the
East, however, is said to be under sur
vefllance. His name, as well as 9TH
els, will be presented to the grand
jury.
Winfield D. Williams: of PhiIadel-
phia, arrested last Wednesday after
he had borrowed $4,000 on Crucible
Steel bonds from the National Saw
ings and Trust Company. failed to
appear in the United States branch Of
Police Court at 11-o'clock this morn
| ing to answer to the charge OF bring
ing stolen securities into the District
However, Williams lawyer, T. Nor
ris Wampier, put in an appearance
and urged that the preliminary hear
ing of the case against his client be
postponed under December /. This
was agreeable to Assistant District
| Attorney Ralph Given.
According to Detective Sergeant
IO'Brien, Sullivan, with whom he
| talked for sixl hours in the Tombs
prison in New York, admitted he had
| negotiated more than $500 900 of Sc
curities which had been stolen from
bank and broker runners in New
York.
| But I did not know the securities
had been stolen when they were given
4 to me by my clients" declared Sui
| livan, according to Detective OBrien.
my first knowledge that l had been
handling stolen securities was fol-
| lowing the arrest of Williams in
| Washington, after he had borrowed
| the $4,000 on shares of Crucibie
steel which. had forwarded to him
to dispose Of. l. minnocent of any
wrongdoing. That's why sold the
Crucible Steel in Philadelphia. J
wanted a Showdown"
Detective Sergeant OBrien. who
spent three days in New York. CO.
operating with police authorities in
that city in running out clews that
would lead to the apprehension of the
ringleaders and others of the bond
thefts which has stirred Wall Street
brokers and financial institutions.
said that when Sullivan saw him en-
| ter his office. he attempted to jam
the door to prevent his arrest.
1t was O'Brien. who had known
Sullivan as the former Washington
saloon keeper and broker, who was
called upon to identify Sullivan after
his arrest was desired on warrants
charging him with the theft of two