New-York tribune., 1920-05-05
Joe Cluck i'm Amazing
Confession Describes
Stocks Worth Million
Which He Had Stolen
Many Robberies
Laid to Brother
Former Wall Street Run
ner Tells of Giving Loot
to Arnstein and Cohn

w hat is PROBABLY the most amazing
chapter in the involved story OF
"Nicky" Arnstein's $5,0OO,0O0 bond thief
plot was made public last night in the
testimony of young Joseph Gluck
former Wall Street messenger, who i.
now in the Tombs under $50 900 bail OF
a charge Of being implicated in the
stealing of upward of 1000 900 worth
Of securities.
Gluck's testimony was taken in the
bankruptcy proceedings being con
Quoted against Arnstein by the allied
surety companies of this city in ar
effort to discover whether the alleged
master crook has any assets which may
be used to cover O. portion of the losses
that bank and brokerage houseA in thu
financial district here have suffered as
result of the bond thefts he is sup
posed to have engineered.
Wizard at Figures
If Arnstein's was the master mind
behind the long series of bond rob
berries, the testimony Of youthful Jot
Gluck proved that the boys brain har-
manipulation that would have done
credit 10 veteran financier.
Under cross-eXamination by Saul S
Myers, attorney for the surety com
panies bringing the bankruptcy actor
against Arnstein. the ex-messengel
discussed stock transactions with a
professional nuency that time after
time led the Federal court into tangled
mazes of figures that forced Mr.. Myers
to ask the boy to repeat his testimony
in order that it could be clearly lnder-
stood.
While Gluck's memory frequently
faltered over names, circumstances anC
dcntifcatons not Immediately con-
cerned with his Wall Street transac-
tions, he was able to recall without
difficulty the face value OF stocks and
bonds, their rates Of interest, the dates
of maturity and the banks and broker
age houses from which they were
stolen.
The boy frequently corrected the list
Of stolen securities prepared by the
surety companies and shown to him by
Mr.. Myers. This list. said to represent
s. grand total of more than $4,000, 900
the messenger scrutinized carefully
and picked out those he had handled.
He Identified approximately half OF
them as having been stolen by himself
his brother Irving or their confeder-
ates and subsequently turned over tc
Arnstein. Nick Cohn or a mysterious
individual known as the Count"
At one time Gluck became impatient
with what he considered errors in the
list of missing bonds and said: "This
is all wrong. This list amt made W
righG. That (pointing to an item
i Io =
1t was q 6 per cent bond. and the ma
turity date was 1924"
Gave Bond to Wolf
This particular bond he gave to Harr,
" Wolf, Gluck said. He repeatedly men
toned the name of Wolf as figuring II
the handling of stocks and bonds after
they had been stolen.
Wolf, an ex-soldieg, who served with
the nth Division, was questioned yes.
terday by Mr.. Myers before Commits
sioner Gilchrist.
He gave his address as 910 Prospect
Avenue, the Bronx, and said he worked
for his father. He denied he had evel
received any stolen bonds from Glucl
or any other person, and said thai
while he knew the Wall Street messen-
ger, their acquaintance had always beer
of the most casual sort. According tc
Gluck, he turned more than $4,000
worth Of securities over to Wolf.
The statements Of Gluck before Com
missioner Gilchrist opened up many
new trails, which will be investigated
by Mr. Myers. The BOY told Of large
amounts of securities that were taken
to the bedside of Il mysterious patient
in the Post Graduate Hospital
They were usually taken there by
Arnstein, he said, and after the sick
man had passed on them some would
be returned to him and others would bs
kept to be disposed Of lie coud nol
give any details as to the identity OF
the Post Graduate patient, but said he
made several trips to the hospital with
"Nicky" after he had made rich hauls
in Wall Street.
While Joe Gluck apparently let few
opportunities slip to gather in securi-
ties that were easily negotiable, his
brother, Irving, also in the Tombs un-
der $4,000 ball. seemed TO be even
more active and kept an eye on the
caliber of stocks that were being car
ried by other runners.
Brother More Particular
When Irving thought these could be
used to advantage he kindly offered to
make the deliveries tor the other boys
and in many cases these securities
found their way into the hands of Arm
stein and Cohn. Sometimes, when Irv-
ing had date or was otherwise busy.
he would turn the days harvest over
to Gluck to be disposed of as he saw
fit.
Irving, according to Joe, would meet
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