Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-11-19
D, c. ST0CKBR0KER
HELDON CHARGE Of
SECURITIES THEFT

Clear Up Big Wall Street
LarCenies.
Norman s. BOwIex. member ca the
bar md said by the police to be the
chef member of the firm, of Soi-
Ivan Il CO.. Is under arrest this
afternoon in connection with the
Investigation of the theft of see ur-
tiles in New York. He was p'n led
under arrest when he visited he
Office of Inspector Grant. Dett g.
tive Joseph Morgan went with h III
To Police Court, where arranE'-
ments nre being made for his re
Icnse on bond. Inspector Gran t
asked that bond he fixed ut 49, OM
the amount given by Winfield d.
Williams. who was arrested several
days ago. Assistant United states
Attorney james Archer said MIR.
Boyvles wonId he charged with con-
Spirary to bring into the District
property alleged to have been
iurisd 'ction.
More arrests were expected today in
the round-u in this city. New York
AVID other cities of persons suspected
of having boer implicated in the theft
of from 100000 to $1,000, 900 worth
of securities in New York's financial
district in the last few months. ac-
cording to an Associated Press dis
patch from New York.
David w. Sullivan of this city, ar
rested yesterday in New York IS
charged with larceny ard with GRIM
inally receiving two Cruc'ble steer
certificates valued at s45 900. with
his arrest the New York police eX-
messed confidence that they had hit
Upon a trail that would clear up rom
berries that had mystined vail street
and in which disappearing messenger
boys had played prominent parts.
Transactions Unexplained.
Sullivan, who formerly operated
cafe at 18th and T. streets, thus CITY,
has offices in the Southern building anu
is a member of tn Consoildated oloch
Exchange. Investigation OF ms DOCKS
made at the demand of Alfred ). Ial-
ley. acting district attorney IN I'VE"
York, is said to have shown transac-
tons representing half a. million DOL
lars in securities, of which Sullivan SO
far has gwen no '-p aTaton.
The arrest of Sullivan. it is stated.
Was .I.auc o!i Il t->....t-.n elIt'i {
larceny. Detective Pat OBrien OF tne
Washington police department Identity
ing Sr Ivan in the latter's office at 10
Wall street, when Detective Sergeant
Grover c. Blown of New York made
the arrest
Several days ago Winfield D. Will
liams, a promoter who gave MS resi-
dence as 1893 Franklin street, Phila-
delphia, was arrested here on charge
of bringing alleged stolen certificates
of stock to this city. He was released
on s25 900 bond Inspector Clifford L.
Grant. chief of detectives, at that time
communicated with Acting District At
t.. iuil,y in New 1ork. promising
cooperation Of the Washii Ston ponce
department in the investigation of the
stblen securities case. 1t was in purSu-
aHce of that promise that Detective
O.Brien went to New. York M1"aay
night to aid inAxhe investigation there.
Certificates of deposit oI stock al
legged to have been stolen in New
York. the inspector stated, had been
deposited in local banks in the name
IF sullivan s. Co, brokers', among the
certificates already located being a
3uU-shar certificate of the Pennsyl-
vania Railroad Company. 100-share
certificate of the Republic Iron and Steel
Company, 100-share certificate Of the
Studebaker Corporation and the certifi-
Gates of the Crucible Steel Company. on
which it is charged, Williams obtained
Sl4, 900. Harry Lamson. a local broker,
the inspector stated, had given check
"a OF
stopped payment of it before 1t was
presented for collection.
While Sullivan and Williams were
y I-eo actor Grants office. It is stated.
the former denied any knowledge of
tc e." fica."s of stock of the Cruel
BILE Steel Company, on which the
.-rr~uy was Borrowed, but in New
York yesterday, according to press
d spatches, he admitted giving them
to Williams.
$45, 900 Advanced con Certificates.
The chief of detectives said that
S45, 900 had been advanced on the
certificates of stock of the Pennsyl-
vania Railroad Company, Republic
Studebaker Corporation, and Monday
afternoon the banking firm that ad-
Vanced the money on time loan
served notice that the deal must be
closed According to statements made
= to Inspector Grant the bank was told
to dispose of the certificates and to
deposit the balance in New York
bank to the credit OF the Local
h-okeraoe firm.
No additional loans have as yet been
uncovered among WASHINGTON banks
With alleged stolen collateral as Sc
, cuirty, the two cases heretofore men
toned being the only ones in which
banks were involved. although II Is
possible that at least one individual
has been made the victim of the al
i leyed sharpers for quite a large sum
| of money.
; 1t developed that the Crucible Stee
put up as collateral with the locaI
] t-'-s" como"ny WIS not the result OF
direct dealing with Sullivan & co.
tn. New York firm with local branch
office. that has figured conspicuously
| in the developments
I A regular customer of the bank
| whose name has not been disclosed is
! said to have deposited the stock GER
tificate as collateral. and as he is in
"a position to make good on the loan
: irrespective of the security, the bank