The New York herald., 1921-10-26
Continued from First Page.


General Hays, IN order to stop series
OF mail robbsries which had taken place,
particularly In the middle West. caused
10000 automatic pistols and thousands of
shotsuns and rifles to be distributed
among employees of the Post Office
Department.. 1t was then declared to
be- the intention Of the department TO
arm all employees in charge OF valuable
shipments either on trains or in the
post offices.
A valuable shipment from the City
Hall station in New York, such as was
looted on Monday evening, was sup
posed 10 be in charge not only of an
armed driver but an armed guard,
posted either with the driver or within
the steel mesh cage. This was stated
positively by post office officials yester-
day. How Havranick came to be riding
without such a companion has not yet
been explained.
A reward OF $1,000 was offered by
Postmaster-Ge Hays yesterday "tc
any postal employee or other person who
brings in, alive or dead. any one" OF the
robbers. This is in accordance with his
policy made known on April . last
when he said that as the robbers were
adopting Wild West tactics the postal
men would do the same and would
SlCCt 10 XIII IL NAvlalu.
As the investigators believe that foui
bandits. rather than the three first re-
ported, staged the Leonard street melo-
drama the total reward for their capture
would be $4,000. Mr.. Hays and Chief
Inspector William Cochran OF the New
York Office were in continuous tele-
phonic communication yesterday. II was
announced at the Post office Department
in Washington that the full inspection
force was at work. It was also pointed
out that this force has thus far achieved
a nearly 100 per cent. record in recover
ing the proceeds Of recent mail robberies
About S6,000,000 worth was retrieved
following series OF thefts that seemed
to have ended until New York supplied
the biggest one of all. ~ the Office OF
Mr.. Hays It was predicted that the
New York bandits would be arrested
within q few days.
The loss, whatever il turns out to be
will fall mostly on insurance companies
The Government insures piece of regis
tered mail only up to $50. So banks
brokers, jewellers and others habituals
| registering their mail insure 1t for its
full value through private companies
II is believed that virtually all OF tn,
pieces that disappeared on Monday nigh
were thus covered.
Chase National Not Responsible.
The $463,000 worth of bonds shipped
| by the Chase National Bank were moi
! the property OF the bank. which sustaini
no loss, but had passed through thu
bank because it is registrar for the corn
panies whose obligations they repre-
sented. OF the total S45S,000 was il
J per cent. notes of the Argentine Re-
| public and $4,000 was "a per cent
| bonds OF the Canadian Northern Rail
| way Company. All bear coupons ano
are negotiable. The numbers were Sent
out by all financial tickers and distrib.
uted broadcast. An officer Of the Chase
bank said .;se Argentine notes were II
ten lots of approximately $4,000 each
The banks statement read:
These bonds were sent out by the
Chase National Bank in return for tenn
porary bonds held by the bank for diff
ferent customers. ard which temporary
bonds had been issued by the Govern
ment of the Argentine nation. In lieu
of the permanent bonds. which were not
ready when the temporary bonds were
sold. these temporary bonds were sold "a
the customers and held by the bank
until tile permanent bonds were ready
1t wes the permanent bonds. under
registered mail. which were sent out and
stolen from the mail wagon and fol-
which theft the bank is not responsible
s'The bonds were as follows: Argenl
tine bonds. two years seven per cent
gold notes. due October \. 1928. total
ling A5s,0oO and bearing the following
4io1 ~, r4l24-s6, 4253-6l. 425l l-4S9s. Asst
l57s-s7. T2s5-790s, 1921. $500.
Canadian Northern Railway bonds. six
ara one-half per cent. gold debenture.
due July /. 1916. for face amount OF
5000. bearing the numbers 293S-i2.'
The bank officer said these were in
sured in transit.
Caliaway, Fisher & Co. had small
loss in the robbery. covered by insur-
ance. 1t consisted of $1,000 of Aluminium
Company OF America seven per cent.
bonds, 5000 American Telephone and
telegraph five per cent. bonds and one
share of American Telephone and Tele-
graph stock.
:, In Wall street il was said that vir-
tually every bond house at all active in
distributing securities recently was rep
resented in the contents of the looted
mail truck The post office inspectors
and forty clerks worked all day on the
second floor OF the City Hall station
in the Federal Building at the job OF
ascertaining precisely the extent OF the
robbery. They had first 10 prepare q
list of the contents of the five stolen
sacks. This would give no idea. of the
value. but would enable them to iden-
tify the shipper OF each OF the several
hundred pieces OF mail in the five bags.
Then. by communicating with the ship
per or with his insurance company. the
inspectors could arrive at the detailed
list they were after. This proved to be
a long Job, and It is understood that
little more was done yesterday than TO
get up list of the names Of the
shippers.