New-York tribune., 1921-03-11
Eight Held as
Net Tightens
On Bond Ring
1000 of $466, 900 Se-
curities Stolen in
Kean, Taylor Hold Up
Are Located i'm City
May Bare clearinghouse
One Broker Is Detained;
Lewis Says Action Is to
Trace Source of Papers

Solution Of tho $46e,oo0 bond theft
Of November 80 and the clearing up Of
. crooked clearing house for bonds are
expected to result from the examina-
ton Of soven men yesterday In Brook
lyn. They were arraigned before
County Judge Bayes and held in bail as
material witnesses.
They said they were Nathaniel H.
Wheeler, of the Plaza Hotel; William
Parmelee, Of l12 Washington Place;
Elman Il. Seeley, of 2106 Beverley Road
the City Club; Frank Gaino, Of Bron-
ley Park, Goshen; August Chardenet.
head waiter at the Commodore Hotel,
and John f. Hertin. Of IA Suydam
Street.
Bail was fixed at $4,000 for Wheeler,
Parmelee and Seeley; $4,000 for Long
enccker, and $1,000 for Gano, Chsrde-
net and Hertin.
These mem were arrested as material
witnesses after. the police had identi-
fed them, according to District At
tions involving s$60,O00 worth of the
$466,000 in Liberty bonds stolen from
messengers of Kean. Taylor & Co., of
Nassau Street The bonds were OBJ
tanned on the way to Igoe Brothers,
screen manufacturers, at 50 Metropoli-
tan Avenue, Brooklyn.
Another Is Arrested
An eighth man. Abraham Cohen,
thirty years old, of III East Broadway,
alais "Nash" and "Powell," was ar
rested last night at the Broadway Cen
trail Hotel in connection with the bond
$cL tr<o c4 nHv "
Detectives Mayer and Brown, of In
spector Coughlin's staff, and locked up
at Police Headquarters.
Although Inspector Coughlin would
not tell how the detectives found the
trail, it was learned that the actual
locating of the bonds began in the Of
flee of Nathaniel II. Wheeler, thirty-six
years old mining operator, with Of
fees at 10 East Forty-third Street.
"The. bonds were left with me as col
lateral on loan by two men," Wheeler
explained yesterday, "and l accepted
them in good faith, and even went to
the Federal Reserve Bank and pledged
S20 900 of them on a loan. When the
Federal Reserve Bank accepoed and
passed them ! believed they were all
right | am ready at any time to turn
the bonds over to the people who the
proper authorities will show me are
entitled to them"
In tracing the bonds Detectives Rod
dy, Brown and Meyer called at Wheel
er's Office, with Assistant District At
torney Snyder, and were mistaken by
Wheeler for investors.
The detectives reported that Wheeler
had obtained and distributed 100000
worth of the Liberty bonds in question,
and that 500 900 of the bonds had been
traced to Leland Stanford Wood, of 3
West Seventy Street.
Wood said he got the bonds through
William Parmelee. who, in turn, said
he received them from Wheeler to de-
post with Wood as collateral to Sc
cure repayment of money which Wood
had invested through Wheeler.
$4,000 Pledged in Bank
Another $4,000 of the bonds were
with the First National Bank of ia
mu;ca.
They were collateral for q loan of
$4,000 by the bank, through the in
PRODUCTION Of Longenecker, investment
broker. of l Wall Street.
Another $40, 900 worth Of the bonds
the police said they discovered in the
possession of August Cha rdenet, thirty
four years old, head waiter at the Com