New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-05-10
W all St. Bond
Plot Suspect Is
Held i'm Chicago
A. &. Ecrement Declared
to Have Admitted Friend
ship With Another Man
Wanted in Arnstein Case
Identifies Cohn Photo
Legal Forces Here Unite
to Trace S2,5OO.OOO in
Securities Still Missing

said by the police TO be wanted in New
York in connection with the neeotiat-
ing of some of the S2;500,o00 securities
alleged to have been stolen by "Nicky''
Arnstein and Nick Cohen, was under
arrest here to-day. Ecrement, who
had been living here under the name
% f. c. Arthur, also was said to be
wanted IN Montreal and Buffalo in con-
nection with an alleged s125o00 wire
tapping swindle
William Carter, of the Canadian
police, vas in Chicago to- day confer
ring with the State Attorneys Office.
He said he would return to Canada to
learn if the Canadian authorities de-
sired TO ask extradition papers for
Ecrement.
Identifies Cohn Photo
The man admitted his name was
Ecrement, the police said, and that he
was friend Of Philip Kastel, another
man wanted in the Arnstein case.
Ecrement denied that he knew Arm
stem, but was said to have identified a
picture Of Cohn as mat of man he
met not long ago I'M Chicago.
Chicago detectives who said Ecre-
ment had been undek- surveillance for
where he was living as c. f. Arthur,
broker" and found clothing bearing
the name Ecrement The keeper of
the rooming house said he had resided
there since last November, but was
absent days at time.
Last night detectives. who had re
ceived word from New York that Ecre-
ment was wanted in connection with
the Arnsteln case, called at the apart
rnent and questioned the man, who said
that he was French teacher. Later
he adm tted his identity, the police
said The States Attorneys office
learned that the man had been tutor
ing residents of the Gold Coast"
Michael Connolly, a wealthy con-
tractor Of Montreal, was said to have
lost $4,000 in a overlapping scheme
n which Ecrement was alleged to be
involved. Ecrement said he had $40
900 on deposit in Buffalo bank as
evidence of his good faith in the affair.
Ecrement said he was the youngest
member Of the Canadian Parliament
0 New York. Here, he declared, ne
lost $50 600 in stock plan to build
substitute for the Welland Canal.
James q Kean, former Burns de-
tectlve from Montreal, will be recalled
as witness to-day or 10 morrow for
further examination at the hands of
saul s. Myers and John T. Dooling. As
sietant District Attorney. The lawyers
are confident that he has told only q
small part Of what he knows about the
IS 100000 bond theft plot
Attorneys for the surety companies
that started bankruptcy proceedings
against Jules W, C'Nicky") Arnstein,
believed TO have been the controlling
mind in the big bond conspiracy, have
allied themselves with the District At
torney's Office in an effort to obtain IN
formation from those now under arrest
which viii reveal what became of more
than S2.5O0,0O0 worth Of stolen securl-
ties that remain untraced.
Gluck Was Confidence
The combining Of the two forces in
The bond investigation Is expected to
result i'm q rapid clearing up Of the
mystery surrounding the fate Of great
blocks of stock stolen in Wall Street
by dishonest messengers and sent to
American and Canadian cities to be
"buried" as collateral on which loans
were obtained.
Joe GMck, double crossed, held up
and blackmailed by the men who we're
in partnership with him and who APP
nropriated a major portion of the
profits derived from the securities
stolen by Gluck and his brother Irving,
ras won the confidence Of Mr.. Dooling
and Mr. Myers, attorney for the surety
companies. Chuck is daily providing
The lawyers with new information. 1t
has been admitted at the District At
torneys office that without his coopera-
ton the tangled trails in the bond plot
would still be unraveled.
Tx, ha{
the bond conspiracy for the sole pur-
pose OF obtaining information that
would enable him to reveal it's details
10 the surety companies carries no
weight with either Mr.. Doolng or Mr..
MYERS. The assertion of Edward Chg
Bill'0 Furey that this also was his
only purpose in taking Joe Gluck to
Montreal and other cities to lay plans
for the disposal of 100000 worth OF
stocks and bonds TO be stolen mere IN
single day, is likewise disbelievec
Nv the two attorneys. They are conf
dent Furey and Kean were IN the plot
for all they could get out of 1t.
The Gluck brothers, both former
Wall Street runners, declare they were
victimized and used as tools by Arm
stein and Cohn and that Furey ane
-Kean intended to double~cross them a
he first opportunity. The evidence
adduCeQ AT lNS lulSc-NNi w e-\AA''t
nation held in the District Attorneys
office on Saturday night, during which
Joseph Gluck, Kean and Furey were a.
testifying at practically the same time
seemed TO indicate the two brothers
had been made the goats" for the mer
higher up in the plot.
Information involving a scoree OIL
more persons in Cleveland, Philadel
phia and Montreal is In the hands Of
The authorities here, and at least two
new arrests are expected to-day.
When kean was on the stand Satur
day night he appeared to be weakening
Under the hot fire Of questions from
Dooling and Myers. and it is believed
further pressure will cause him to UNI
fold the complete story Of his part If
the plot Kean is held in the House
of Detention as material witness.
If keane can be made to talk Mr.
Myers believes he can tell what hap
uened TO about $4,000 worth of bonds
that were stolen by messengers anC
subsequently turned over to that mys
FERROUS person known as the count
Mr. Doolng believes Keane also car
tell something about the whereabouts
of other patches of securities that dis
appeared in the general direction OF
Canada.
Gets Tip on Arnstein
Mr. Myers says he thinks he knows
where ArNsteju is I'm hiding, and oN
pressed the belief that the fugitive vii
soon be in custody The lawyer sand bC