New-York tribune., 1921-05-05
Nicly Arnstein
And a Others
Found Guilty
Washington jury Convicts
in 40 Minutes for Plot
to Take Stolen Wall Street
Securities Into District
viii Have Hearing Here
Defendants Held in Bonds
of $4,000 Until Final
Disposition of Case 8

WASHINGTON. May 4.--Jules w,
(Nicky) Arnstein and the four other
defendants jointly on trial here with
him in Criminal Court on charges Of
conspiracy to bring stolen securities
into the District of Columbia were
found guilty by jury tonight after
forty minutes delibcration. The other
defendants were Nick Cohn, David w.
Sullivan, w. W. Easterday and Norman
s. Bowles.
The cases arose out of $4,000, 900
Wall Street bond theft, and the de-
PENDANTS are expected to be placed on
trial soon in New York as the next step
in their prosecution. Counsel for the
defendants announced they would file a
motion for new trial tomorrow and
il this be denied would appeal. SEN
tence will not be imposed for two
weeks. The maximum is two years
imprisonment or $4,000 fine or both.
First Hearing Was Mistrial
The trial, which was the second here,
occupied two weeks. AT the first trial
the jury was unable to agree.
Nick Cohn, although under indict-
nlent, Was not present at the first trial,
but was apprehended in time for the
second trial. The case against one
other defendant, Randolph Newman, a
New York attorney. was dropped at the
second trial because the prosecution
had failed to connect him with the con-
spiracy. Joseph Gluck. also indicted,
turned states evidence and the indfct-
ment against him was nolle pressed.
Sullivan, it was explained tonight,
will be placed on trial first at New
York, probably within ten days, and
the other defendants will follow him.
Pending final disposition Of the cases,
all are being held under the original
bonds of $4,000 each.
The Washington grand jury began
It's investigation on July 20 Of last
year, two months after. Arnstein,
charged with being the instigator Of
the scheme, surrendered himself to the
New York police, and five months after
the disclosure of the plot and his dis
appearance.
It was on February 12 that Arnstein
took his sudden leave of New York.
The nationwide search, begun for him
on the following day, lasted three
months and three days. In this period
widespread hunt was carried on by
the police and private detectives Of
three countries.
Arnstein Surrendered Last May
When all the New York police force
was thinking of nothing but the annual
parade of the department, Arnstein re-
turned to New York on May 16.
He arrived in the city early that
morning and went to his home, where
he met his wife, Fannie Brice, the
actress, and baby for the first time
in three months. Later he rode in his
wife's automobile from Columbus Ave
nue. and Fifty-ninth Street down Fifth
Avenue. On the way he rose in the
machine several times and bowed to
policemen, who lined the way in ex-
pectation of the coming paraders. Arm
stein went to the Criminal Courts
building, where he surrendered him
self to an Assistant District Attorney.
He was arraigned and held in STE, 900
bail for the Federal grand jury. The
following day his wife pledged her
jewels and other valuables and secured
his release.