The New York herald., 1922-08-31
Toohill, a Stoneham Gradu-
ate, Did Not Know if Con-
Germ Had Dime or $1,000.
MYSTERIOUS X BOBs UP
Backer Of Company Called
Dandy PHIL Who Was Alb
solved in Arnstein Case.

Augustus +. ToonilI. who said he is
now customers man for L. j. F'itz-
gerald & CO.. 81 Exchange place. testi-
fled yesterday before Peter b. Olney.
Jr.. referee in the bankruptcy Of Dillon
& Co, stock brokers of 80 Broadway
that he ran the affairs OF that con-
ccrn fer the last two months of it's
existepce knowing so little about the
business that he now considers him
self as having been "a damn fool"
As he stepped from the witness
chair John Hartigan. chief of police
of Amsterdam, N Y, arrested him
upon a charge of grand larceny
brought by the Montgomery county
Grand Jury. based upon his activities
while connected with Dillon & Co. He
will be taken to Montgomery county
TO explain to jury why r. f. Craw-
ford Of Amsterdam, customer of
Dillon Co., complains that he gave
the brokers good money for stock he
never received.
$1,000 Assets I'm Furniture.
Keyes Winter. 80 Broad street. trus-
tee in bankruptcy who conducted the
examination, revealed that whereas the
statement at the time of the bank
ruptcy. September. 1921, set forth liza
bilities OF $4,000 and no assets he has
been able to realize $1,000 In assets
from the firms furniture, but has dis
covered total liabilities now running to
$4,000 His examination showed also
an interest chain of relationship running
through the personnel of various broker
firms. some out of business and some
still functioning
Not the least astounding part OF the
case is thai In the brief period OF one
year the failed company appears to have
gathered in the alleged 100000. which
has every prospect Of becoming a total
loss to customers.
The concern began in September.
1920. as william J. Dunn & Co, accord
ing to Mr. Reyes. its guardian angel
being DANDY Phil" F. Kastel. with
whom the public became familiar to
some extent during the "Nicky" Arm
stein trial, when Kastel demonstrated
that he was not wanted" by walking
into the District Attorneys office and
demanding in vain that he be arrested.
His last public appearance was in Feb
ruary of this year. when Betty Brown,
an actress. complained that Dandy
Phil" had neglected 10 pay $4,000 on a
$12500 note he had given her In a stock
transaction.
Dunn Goes out, Dillon Goes In.
In March. 1921. II appears. Mr.. Dunn
got out and Daniel Dillon. said to be
the son OF St Louis judge. assumed
charge and continued the firms business
as Dillon & Co.. with Kastel still In
the background. In July Mr.. Dillon
found cause TO make a trip West from
which he is alleged not to have re-
turned until after the bankruptcy, ieav-
ing Mr.. Toohill,. in his own words. ito
mind the store"
Toohill gave his own picture OF how
he minded Il in his testimony. which
was that he signed the checks, but
did not know what they were for or
whether there was any money in the
bank: II the cashier showed him draft
he wouldn't know whether the damn
thing was right or wrong" and ''the
day left I could not tell you whether
there was a dime in the bank or a
thousand"
How much money did Dillon & Co.
get away with all togcther?" Mr.. Winter
asked.
II never knew how much money was
ever taken" Toohill replied.
Toohill admitted further that he signed
letters written by the statistical man"
telling customers that Dillon & Co. had
been unusually successful In directing
the commitments Of Its clients In the pres
ent market and many OF them have re-
allied handsome profits IN following our
advice"
Knew No winners, All Losers.
Questioned about these letters--which.
Incidentally were sent to customers
whose names Toohiil had obtained from
the accounts Of Charles A. Stoneham--
Toohill admitted that he could not tell
whether single customer ever made
n cent out OF dealing with Dillon & Co.
but he did know quite number OF
them lost money.
Toohill is slender youth. well
dressed, aauillne nose and sparse red
hair. apparently In his late twenties. So
far as HIS testimony showed. before go-
ing with Dunn a Co. no gained his
brokers' experience as customers man
for stoneham for about six months.
When stoneham liquidated his business
Toohlll went 10 Dunn and was hired. he
said. by Harold a. Sonklng "a partner
OF some sort" with Dunn. who was In
dicted day before yesterday upon
charge of grand larceny OF $4,000 as a
partner OF the now failed WIKI & Co.
SO Rroa dway. preferred by Mrs Nancy
II Hatch. SO West Slxty-seventh street.
II appears that Tochili's transfer 70
Dunn n Co. was accompanied by the
accounts OF many OF Stoneham's GUS
toners known 70 Toohili. Those ac-
counts included that Of Toohlrs own
nries,. which amounted to $4,000 and
which was lost. Toohill admitted on the
stand. however, that after the loss OF
that money he went back 10 the priest,
explained. and obtained from hiy $4,000