Perth Amboy evening news., 1920-05-15
NICKY ARNSTE|N
NAbbED TODAY
Fugitive Master Mind in 8 Million
Bond Theft Plot Arrested =
District Attorneys Office.
BIZ The Associated Press

NEW YORK, May 15-Jules w.
| Arnstein, fugitive master mind of
New York's $1,000 900 bond theft plot
was arrested here today in the dis
| trict attorneys Office, where he ap-
peared witha his wife Fannie Brice,
tho actress.
Arnstein told reporters he had been
in Pittsburgh all the time the police
have been looking for him.
The elusive 'Nicky" appeared at
the district attorneys office bright and
early Besides his wife he was ac-
lcompanied by William j. Eallon, his
lawyer. They seated themselves and
patiently watched for attaches of the
office to show up for the days work.
Five minutes after their arrival Detec-
Tive Rayance walked up to ArQstein
land by order of Assistant District At
torney Roak placed him under arrest.
According to his story he arrived at
the Pennsylvania terminal at 9 o'clock
and went to Columbus avenue and
Goth street where by prearrangments
he was met by his wife in her own
car. He used her machine he said
because the police had faithfully listed
the number of his own car.
Finding Miss Brice and Mr.. Fallon
lawaiting him he entered the machine
land drove down Fifth avenue with
them. Despite the fact that his pic
lures with advertisements Offering re-
wards have appeared all over the con-
|tinent, he was unrecognized.
''Nicky' ran into his police pur-
suers, thousands strong, forming for
the annual New York police parade.
'Nicky' rose from his seat while
passing the grand stand and mock
|ingly lifted his hat to the New York
high officials of the police force.
Fearing he would be recognized, Miss
Brice pulled him down. A score of
detectives were leaving the criminal
|court building when the machine ar
rived. Just TO make a spectacular
finish he had the car driven around
the building several times and stop
ped under the bridge of sighs."
Leaving the machine the trio entered
the building unrecognized.
Jules w. ("NiclSy") Arnstein,
sought by the police of two continents
Jas the alleged head of a band of
swindlers who. by connivance with
bank and brokerage messengers. are
lsaid to have stolen from $780, 900 to
lS5, 100000 in bonds and other securi-
tiles from Wall street firms, is the
husband OF Fannie Brice. an actress,
Whom he married in 1917. He dis
appeared from New York, where he
maintained two lavishly appointed
apartments besides a country home at
Huntington J.. L.. on February 12
last, since which he has been reported
In various parts of the country or on
the eve of "surrendering" to the au-
|thorities.
Arnstein is the son of a New York
business man and is AZ years old. The
police say he is as well-known in
France and England as in the United
States. Circulars offering reward
for his arrest said he "frequented
lhigh-class hotels and gambling
lplaces." He is flashy dresser. Once,
lin a blue serge suit, polka dot neck
tie and pink silk shirt
Eight years ago Arnstein was ar
rested in London and extradited TO
New York for swindling William Il.
Shinks of Springfield, Mass, out of
$4,000 by means of worthless stock
Sentenced to two years in Sing Sing
prison Arnstein served less than a
year. Six other members of the band,
were later arrested in San francisco,
Toxic and Baltimore.
Sh hortly after Arnstein's disappear
ance last February, Federal judge
In New York issued an order en-
Joining 500 or more banks and de-
positories in the metropolis from dis
posing of any money, stocks, bonds
or other securities Arnstein might
have on deposit In them. He was
known to have six safe deposit boxes
in various public vaults. According
to the police, Arnstein. together with
his associates obtained the stolen
bonds and other securities from the
messengers and runners and took
them to various cities where they
were put up as collateral for loans
The boys or men who committed the
thefts received less than one-quarter
Of their value and, in some instances,
nothing at all. More than $500, 900
was said to have been buried" in
Canadian banks in this way. About
S750,000 is said to have been traced
to Philadelphia Washington, Balti-
more and Cleveland.
Assistant District Attorney Dooling
of New York, who has been promin
ent in the investigation of the Arm
stein case, said that In four months
from October, 1919, there had been
more than 500 bond robberies ranging
from $500 to S17S,000 and that most
of them were office" jobs, that is,
done by employees of banks and brok-
erage houses He said the system"
had connections in every large city
in the United States. Bonds stolen
in Cleveland, Chicago or San Francis
co, he declared. were forwarded to
fences in New York or other cities
who put them up as collateral for
loans.
Hidden strings arc being pulled"
declared Bernard j. McGinn, mana
ger of the claim department of the
American Surety Company, through
underground channels which seem TO
undermine most of the financial dis
trict. Leaks, it seems, are taking
place within stock exchange houses
and 1t looks as though an organized
intelligence service is in operation
Arnstein's name, according to the
police records, came into prominence
in the case last February in connec-
ton with the arrest in New York of
Joseph and Edward Gluck, brothers,
Herbert and Rudolph Bunora. ana
Edward Furey. bank and brokerage
messengers in Wall street. He was
specifically charged with receiving
$42.0 900 worth of Crucible Steel certi-
fcates stolen from "a New York brols-
erage house. Some of the prisoners
stated that Arnstein and his alleged
partner. Nicholas Cohn, for whom
rewards of $4,000 are offered, had
received from them and disposed of
more than $2,300,00O worth of bonds
and other Vegetables.
II your coal or gar range does not bake
or hnrn. Will make II or charge. L. J.
LarKin. 223 Market st. Tel. 1878.
2-24-1 mo. Mon. Wed. Sat-