The Washington herald., 1920-12-10
STOLE MILLION
In BONDS, SAYS
WALL St. RUNNER
Gluck, Arnstein Witness,
Admits Getting $4,000
For Giant Thefts.

Joe Gluck, Wall street messenger,
and confessed bond thief. admitted
on the witness stand in the Arnstein
trial yesterday. that as a "go-be-
tween" in bond thefts involving mill
lions. he was a cheap "hireling." In
all. he testified. he was given $4,000
for diverting a million dollars worth
of negotiable securities to Nick
Cohn. now being sought in coun-
tryide search Part of this amount
was reborrowed by Cohn. he said
GIuck said the method of stealing
the securities was the simplest part
of the whole scheme He and his
brother would simply talk 'legiti-
mate" messengers out Of their err
rands, offering to deliver the securi-
ties as they were going that way"
The total thefts amounted to $5,-
600. 900 and though Gluck handled a
share of this according to his testi-
mony. hts net reward was only
$4,000.
Gluck was on the witness stand
all day yesterday. He told of the
part he and Arnstein and the others
are alleged to have played, on Tues
day afternoon.
W. ]. FaIIon, counsel for Arnstein.
attempted to show that Gluck had
worked independently in stealing
bonds and in one instance drew from
the witness an admission that no
one ever suggested to him that he
go into the business of stealing
bonds and selling them or putting.
them up as security for loans
through another person.
Counsel for Arnstein branded
Gluck as a thief who could not be
reformed. Gluck never WINGED
when Fallon stated that he had al
ways been a thief and always would
be one and that his word was worth
exactly nothing.
During the cross-examination
Fallon went into detail about the
alleged connection of Rudolph and
Herbert Bunora, two other mes
sengers, and sought to draw
from Gluck an admission that the
Bunora brothers were associated
with him in the thefts- Gluck re-
fused to admit that the Bunora
brothers had any dealings with him
insofar as stealing bonds was con-
cerned or as far as Arnstein, Cohn
or other defendants in the case
were concerned.
Then Fallon began questioning
GIuck about the commissions he re-
ceived for his part in the thefts.
While working for the alleged
real brains of the robbery, Gluck
stated. he received on one occasion
but $4,000 for placing in Cohn's
and the other leaders hands nearly
$1,000, 900 worth of stolen bonds
Gluck was ignorant of the real
value of the securities, he stated.
Again, he said. he paid over to
Cohn part of this amount of $4,000.
In all, Gluck said. he was paid $780,
900 by Cohn but had to divide this
amount with mis- brother Irving and
another confederate whom he did
not name.
ON direct examination Gluc<
stated that Arnsten and Cohn told
him that a trip to Canada would be
necessary to dispose of certain
stolen bonds.
Referring to the Canadian propo-
sition Gluck stated that these deals
were altogether separate from the
others.
A man named Hogan" Gluck
said, wanted 40 per cent commits
sion to handle the bonds. This man
Hogan" the witness said, had Of
fees in the Singer Building and was
an investigator" At one time
Gluck stated, Cohn offered to pay 4C
per cent to have Hogan" handle
the bonds, but he (Gluck), thought
this too little, and subsequently al
lowed Cohn to handle them.
A Wall Street messenger. de-
scribed as Chubby" the witnes.
stated, was employed by the othel
messengers to "shoop" around ant
find out where the stolen stocks ant
bonds were being disposed of. Or
one occasion. Gluck declared
Chubby took him to a broker
offce for an interview regarding tht
bonds.
The trial will be resumed Mon
day morning. Gluck will take thu
stand again The examination will
probably last several days yet.