New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-03
Storey Asked
Police Advice
In Bond Deals
Attorney Testifies That He
Consulted Records and
Gave Headquarters Num-
bers OF Securities
Admits Obtaining Loan
Stock Dealer Asserts the
Defendant Wa, Friend
of Richard Armstrong

Frank de Ralsmus Storey. New York
attorney. on trial in General Sessions
charged with criminally receiving
stolen securities, testified yesterday
that he obtained the advice OF Police
Headquarters before disposing Of bonds
which burglars had taken from the
Office Of the Cans Steamship Company.
Storey swore that James s. Camp
hell brought him $4,000 worth Of New
York C-y Rapid Transit Railroad
bonds and asked him to place them IS
collateral for $500 loan. Several
banks. the witness said. refused to lend
ina. much money on the bonds. where
upoa ne sought the advice Of Harold
D. Nar'e, a law clerk in the Sarroga te's
ofce Nac,e WAS suspicious of them
and advised Storey 10 make sure they
were not stolen.
Il went 10 the Lost and Found
Bureau az Police Headquarters, the
defendant testified, land gave them the
serial numbers of the bonds. I was
informed they had TO record o. any
such bonds having been stolen. Shortly
afterwards I secured a loan of $500
on them from Eisenberg & Co, brok-
ers, and turned the money over TO
Campbell"
Campbell Merely 4 Client
Storey declared that all his dealings
win Campbell were merely those of
LAWYER and client and that he always
assumed Campbell was legitimate
dealer N securities.
Assistant District Attorney Alfred
J Taley called Weston ?. Defeldecker,
a stock dealer, OF the Hotel Bossert
Brooklyn, as witness for the prose-
zion.
Deteldecker testified that Storey was
companion O. Richard Armstrong,
now under Indictment as the leader o.
gang OF bond burglars who stole
more than S1,000.0O0 worth of secur-
ties from safes and Offices IN the dnan-
cia district. Armstrong has pleaded
guilty 20 robbing the Deering & Deer
ing Offices where $3.50 in paper was
stolen re IS in the Tombs awaiting
sentence.
Together in Broadway Restaurant
Dele ECKER identified a photograph
o; Arms 1rorg and said he had ire
quently seen nm with Storey In
Broadway restaurants.
Storey called him Dick ard seemed
% be on terms OF intimacy with him :"
The witness asserted.
n November. 1919, Defeldecker tes-
-ihed. Storey came TO him at the Office
Of Wag7l r. L Co. with stocks made OFT
n the names o. Richard Meyer and
John Il. Cans. Mr. Cans IS head Of the
Cans Steamship Company, whose Office
was looted. Defeldecker said he had
seen II S-orey's possession on another
occasion slXty-slx shares of Stutz Auto
mobile stock, worth S5S, 600, which was
stolen rom 4 brokerage office ard has
never been recovered.
This stock" he continued was
made ont in the name OF Richard
Meyer and | suggested that Meyers
name he erased and the stock pledged
with Eisenberg G Co. for loan"
Did you eradicate the name ." NJ.
Talley asked.
Defelecaer did NOT answer
Was the name eradicated when you
later saw the stock ."
Il was. but me stuff used blurred
SO -ha- Is was not safe to use the
certificates. So they used some North
ern Pacific stock instead. The name
Of Campbell was usually substituted
tor thai o. Meyer or Cans.
A the conclusion OF the prosecu-
ions case George Gordon Battle, coun-
sci Tor tn defense, moved for an &C
q1ittaL Judge Malone denied the mo-
u0n. Mr.. Battle then put Storey on the
stand. HIS direct examination mad
not been concluded when court al
10urHed. me case may SO 70 the jury