New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-06
n;er's Partner
Surrenders in
BucketingCase
uLIswrence Jr. Held in
, $4,000 Bail; Attorney
iusisis His Client Knew
Nothing of Transactions
smother Side to Story"
,.d;e,ed Broker Expected
70 Give Himself Up To-
d,y: 2 Others Are Sought

s.r L Lawrence jr- DR.. Elmore
+. ~, mariner In the stock broker
a. Of Z. D. DER a Co. who is
-, Indictment for operating a
-, ,Aop and for larceny. surrcn-
- Yesterday afternoon. Lawrence
- With his attorney before Jus
!. rsAvoy in the criminal branch
a. sspreme Court. entered a plea
:. sgIlty and was held in $4,000
wi 49,. u.x A,,.,,
A. understood that der. also
" ,,ixtment on lareeny and buck
~. ~. Sk,rges. woaid surrender him
~ s,-Ssy. and that he would be pre-
~ n i've bail up TO $4,000. Ben
2 shrimpton and Adam Reck-
,ss we're managers for Z. d. DER
~. ,rd who arc wanted under in
ss~rp for buoketing stock orders,
~ rssirs.
t~rres gave his age as thirty-fve
Hs Il unmarried and lives at
Z. rsrion Cricket Club, Hsverford.
y "a refused 10 make any statement.
- n, lsvyer predicted that public
~..ss would change in time.
Another Side to Story"
More We get through we will show
A ,.blt that there is another side to
4. s.sry.s Arnstein said. This young
-r ,svsr rot 6 cent dishonesty. He
-srsly q hgurehead for others and
4 70, know what was going on. He
* 20 ocs and did not even have a
s,i'
lawrence, who has been near Phila-
ASIA since his Indictment. was not
w, partner. Arnstein declared. but
NJ ely a partner in name. He got
,~.rg out Of his connection with E.
Drr 4 Co. whatever. the lawyer con-
--.n, a. he was simply taken into
,r.nsrhip because il was only by put
rts the business on a partnership
hss that DER could make application
q tifksr service after IL had been with
tnsn from the previous firm OF
E.stss 4 der.
District Attorney Josb II. Banton
VII bring der and Lawrence 70 trial
s,B month He said he was ready 10
;rscssd on forty-eight hours notice. If
SEED Be.
Two Suits Already Filed
ssnnonses and complaints have
ksr fltd by the receiver of Z. D.
Der { Co. against Fred Andrews.
former cashier, In two suits 70 recover
$4,000. These are the first suits
sroceht under the sanction Of the
FEDERAL Court. granted June 27. One
q for Ss5,23s alleged 20 have been col
lscted and withheld without the knowl-
EDGE or consent Of Hughes 4 DER
and z. D. DER 4 Co. The other. for
100000. covers securities involved in
loans alleged to have been made on
By Andrews.
Tat ths failure Of z. VI. Fuller &
y, whose liabilities are estimated al
sNDo. will not only prove 70 be
r.sgest in Wall Street history. but
VI wtsd the der failure in sensa.
tea fsvelations, was the firm con.
ursr in the financial district yes.
triy. Il was said that the work Of
ntountantS had not proceeded fai
ego 70 warrant making public any
s,rtial details, but IL was also sale
rn - certificates calling for securi
~ sf great value had been discov
rs;-
'1tg. Samuel Strasbourg-r. receives
~ Fuller 4 Co.. and his attorney
OIL J. Austrian. have offered 10 send
4. Bsnion a list Of the employees
rth "a not covered by the stipulation
s,ith Fuller 4 Co.'S attorneys exacted
s'''s surrendering the books Of ac-
''s,t These will be examined as 10
" inns methods Of business.