The Washington times., 1920-05-05


wholesale bond thefts. took a sstchei
full OF stolen securities to Washing
ton for disposal. witnesses disclosed
at the Criminal Courts building yes
terday.
Three more revelations. proving
the widespread character OF the oper-
tions in stolen securities OF Arnstein
and his crew, were made public.
Arnstein has now BEEN missing
since February IL.
The testimony made public was
that OF:
Joseph Gluck, the boy who was
arrested and made a partial confes'
sion the day before Arnstein van
ished.
Raye Cohen. a sister OF Nick Cohen
Arnstein's representative in the dis
posal OF the stolen securities through
Sullivan and company
Philip Kastel, whose activities
since Arnstein's disappearance seem
to have been devoted largely TO ef.
forts to obtain bail for the master
mind" in the event OF his surrender
to the police.
Gluck's Confesslsn.
II was said that Frank Peabody
police captain now under suspension.
been ono OF the ablest detectives IN
the police department, has been re-
tained by Saul s. Myers. attorney for
the surety company, to institute q
search for Arnstein.
A few weeks ago Peabody said that
IL somebody would offer a reward Of
$1,000 he would guarantee to bring
Arnstein in. A reward of $4,000 Of
fered on Monday Is believed to ac-
count for Peabody's sudden interest
in the case.
Gluck. who was a Wall street mes
senger, made what seemed to be
frank confession before United States
Commissioner Gilchrist.
He identified nearly half of them
as having passed through his hands.
Gluck said he was one OF the pro-
curers of stolen securities for Arm
stein. He operated with his brother
Irving Gluck. he said.
The system. said Joe, was for mes
senger boys to approach Irving and
hand securities to him with joking
instructions to deliver them to va
rious firms. Irving instead delivered
them to Joe, and Joe. In turn. con
veyed them to Arnstein, or to Cohen.
The Beet Sugar stock was delivered
to Cohen in the presence OF Arnstein.
A mysterious count" also figured
as a fence for some of the securities
Joe said he had delivered, among
other securities, 100 shares of Ameri-
can Can to the count"
Saul g.. Myers. who conducted the
examinations of the witnesses, asked
Gluck to describe the count" He
replied: - =
''He is a big fellow. about six feet
tall. He weighs about 200 pounds,
has a light complexion, full face and
no mustache. He used to go to ST.
Regis restaurant at Fiftieth street
and Broadway and to Days"
Gluck told Mr.. Myers there was a
man in the Tomb3 who could identify
the man a. - -'- He offered to
take Mr.. Myers to the Tombs and
point him out.
The American Can stock, Gluck
said, had been handed to him by
boy named Cue. Attorney requested
that the boys full name be not made
public. His arrest is expected shortly.
Other Loot Described.
Gus is described as being about
twenty-six years old. lie could be
found, as rule. at Forty-second
street and Broadway or in front OF
the Palace Theater.
Gluck remembered handling six
shares OF American Locomotive
common, total value s5TO, but could
not recall from whom he obtained
them. This stock he gave. also, to
Nick Cohen in the presence of
Arnstein.
He got 500 shares Of Atlantic. Gulf
and West Indies, value about $4,000.
from his brother. Irving, he said, and
gave them to Cohen.
An item OF 100 shares of American
Smelling and Refining, worth about
$4,000, he said. he obtained from
messenger boy whose name he did
not recall. Glucli said:
Irving would be walking along
the street and he would be ap-
preached by some one vino would saw,
Are you going to So-andso's office"
and when he said he was they would
ask him to deliver the stock. That
is the way the thing was done. This
stock went to Nick Cohen in the pres
enpe of Nick Arnstein."
Gluck testified that Arnstein was
always present when stocks were
turned over to Cohen.
There was an item of 100 shares
or Bethlehem Steel, worth about
$4,000 These he said he turned over
to a man named Harry Wolf to be
disposed of. He added:
II only received 500 for the Bethle-
hem Steel and for $4,000 worth Of
other bonds"
Wolf. he said. lives at Prospect
avenue and Webster street, where
his father keeps a women's furnish
ing store.
Names Harry Wolf
There was also a $500 bond that
went to Wolf. Also five $1,000 Inter.
borough bonds. Two $1,000 Iowa
Central bonds. Gluck said, went TO
Cohen. There were some other bonds
that Gluck said he delivered to
man who had a room on the second
floor Of the Postgraduate Hospital.
He didn't know the mans name, he
said.
Cluck mentioned the theft OF about
SIS. 900 worth OF United Kingdom and
Great Britain and Ireland bonds. He
said he gave these 20 Harry Wolf
At his first meeting with Arnstcin.
Gluck said he delivered to him the
500 shares OF Atlantic Gulf West
Indies, valued at $4,000; 300 shares
OF st. Louis & san Francisco, worth
o % Arth 81