Norwich bulletin., 1920-05-18
'SKETCHOF CAREER OF" MICKEY YARNS TEN

who committed the thefts received less
than one quarter of their value and, in
some instances, nothing at all. More
than 100000 was said to have been
buried" in Canadian banks in this way.
About $4,000 is said to have been,
traced to Philadelphia, Washington,
Baltimore and Cleveland
| Assistant District Attorney Doolng
of New York, who has been prominent in
| the investigation of the Arnstein case,
| said that in four months from October.
1913, there had been more than 500
bond robberies ranging from $500 to
| $17S,000, and that most of them were
i office" jobs, that is done by employees
of banks and brokerage houses. He said
the system" had connections in every
| large city in the United States. Bonds
stolen in Cleveland, Chicago or San
Francisco, he declared, were, forwarded
to fences in New York or other cities
| who put them up as collateral for loans.
/ Hidden strings are being pulled de-
/ clared Bernard j. McGinn, manager of
the claim department of the American
Surety Company, through underground
channels which seem to undermine most
of the financial district. Leaks. it seems,
! are taking place within stock exchange
houses and it looks as though an organ
lied intelligence service is in operation "
Arnstein's name, according to the po-
lice records, came into prominence in the
case last February in connection with
the arrest in New York of Joseph and
Edward Gluck, brothers, Herbert and
Rudolph Bunora, and Edward F11rey
! bank and brokerage messengers in Wall
: street He was specifically charged with
: receiving $4,000 worth of Crucible Stee
certificates stolen from New York
brokerage house. Some of the prisoners
stated that ArnStpip OH
) partner, Nicholas Cohn, for whom re.
t wards of $4,000 are offered had receiv
ed from them and disposed of more thar
| 100000 worth of bonds and other ne
5 gotiables
Shortly after Arnstein's flight las
: February, hearings were held in the fed
5 eral court in New York to have him ad
l judged an involuntary bankrupt. 1t wa
there charged that his assets consist O
: many thousands of dollars" A few
weeks later, a New York LAWYER. VIII,
said he was counsel for the fugitive. re
ported he had met Arnstein in Clevelan,
and that he had told him he was Gin
nocent' of the bond theft charges an,
would surrender if bail was fixed at s35.
600. He said Arnstein had rheumatisr
and feared imprisonment in cold, dam
cell in the Tombs if more than thi
amount of bail were demanded. He sal
. Arnstein had told him he had won SIS.
200 in crap game in Cleveland an
lost $4,000 the next night in the sam
: place.
The bond thefts, which have been 90
a ing on for, months in New York. too
tragic turn in one case. BENJAMIN N
|, | BlnkoWitz, messenger employed b
Richard c. Whitney & Co., bankers an
:. brokers', who disappeared in Augus
~ 1919, with $4,000 worth of securitie
d was stabbed to death and his body LEI
alongside road near Milford Con,
e Arnstein and his associates. howeve,
n nave not been connected with the Grim
4 Inc police in working on the Binkowit
murder said it was committed by I'll
y same band which participated in tn
IS Killing of Barnet Baff, a wealthy Ne
S 1914.
During the bankruptcy proceeding
y David W. Sullivan, of D. W. Sullivan
re Co, a former brokerage firm of Wasl
d. ington' D. c., stated under promise
= immunity, that his firm had obtaine
p S6O0OOO worth of bonds from Arnsta
and Coin during the past year. all
Z which, he believed, were stolen Sull
= van said he tried to break awav fro
the pair but that Arnstein said "Y,
nave gone this far with us and If VI
10 III XIII you" Among the numero,
arrests made in the bond theft cases
New York from time to time, were tho
1 OF James Keane and James aines tv
1 private detectives from Montreal w,
are held as material witnesses in II
/ Tombs.