New-York tribune., 1922-07-19
hird to Give
Up i'm Dier. Case
Aids Prosecutor L
A. G.. ReckIein, of Pitts
bIrgh, Said to Have Made
Long Statement of Espe-
cial Value to Investigators
Freed in $4,000 Bail
Three Members of Ell. III.
Lowy & Co. Go to Trial;
McMasters's Books Seized

Information Of value in the investi
cation of the $4,o00,000 failure Of E.
D. DER & Co., stock brokers, and in
the trials of the indicted partners, is
believed to have been given to the Dis
trict Attorneys Office by Adam G.
Secklein, time manager Of the bank
rupt concerns Pittsburgh Office, who
surrendered yesterday.
After Recklein had made known his
identity at the Criminal Courts Build
ing late in the afternoon and had
been placed under arrest and arraigned
in the criminal branch of the Supreme
Court he made long statement In the
District Attorneys Office, Benz F.
Schneider, Assistant District Attorney
in charge of bucket-shop cases, said
later. This statement is expected to be
especially useful in trying the cases of
the two indicted principals in the con-
Germ, E. D. Dier and Harry j.
Lawrence jr.
Third to Surrender
Recklein Is the third Of the quartet
Of Dier, Lawrence, Shrimpton and him
self who has surrendered to date.
| Benjamin F. Shrinpton, another Dler
manager. who has been missing for
months, still Is at large. Recklein is
named in nine Of the sixteen counts the
indictments contain, the counts against
him charging the bucketing of stock
orders.
Taken before Supreme Court Justice
Edward V. Finch, Recklein pleaded not
guilty and was released on $4,000 bail.
He gave his address as 1910 Louisa
Street, Pittsburgh, Pa, and his age as
fifty years.
all sixteen counts and we're released in
$4,000 and $4,000 bail respectively.
Three members of the late firm of IL.
H. Lowy & Co., 1873 Broadway, went to
trial yesterday, and the books of an
other defunct stock brokerage house,
R. H. McMasters & Co., Of 80 Broad
Street, were taken into the grand
jury room for examination. Both pro-
ceedings will continue to-day.
The members of H. H. Lowy & Co.
who went to trial before Judge Mott
and a jury in tho General Sessions
Schlessinger and Albert Friedman.
Two witnesses were examined, Mrs.
Jennie Brollee, of 85o Westchester
Avanue, and Mrs. Bar5ette Beck, of
8S4 Prospect Avenue, both in the
Bronx. They testified that they had
ordered H. H. Lowy & Co. to purchase
Hamburg American Steamship bonds
In Mrs. Brolles's case the sum involved
is $1,000.
Found Bonds on Sale"
In opening the case after the seat
ing of the jury, Assistant District At
torney Olcott said he expected to prove
that the defendants told Mrs. Brolles
they were looking around for the bonds
she wanted and that she herself found
places where they were on sale, that
Lowy g. Co., and finally, as they
showed no indication of making the
desired investment, went to the police.
LoWy is twenty -four years old and
lives at 2616 Grand Concourse; Schles-
singer is twenty-five and lives at 1912
Boston Post Road, and Friedenburg
lives at 851 Kelly Street, all in the
| Bronx
1t took motor truck to carry the
books of the McMasters concern to the
Criminal Courts Building. They were
delivered to Mr.. Schneider by the re-
ceiver in bankruptcy, Robert P.
Stephenson. There were several hun
dred volumes of various kinds, for each
one OF which the receiver was given a
receipt. No stipulation had been taken
from the receiver by the bankrupts TO
prevent an investigation. The liabili
ties are believed to be $1,000,0oO, with
about $4,000 in assets.
Mr.. Schreiber had the books taken
before the grand jury at once and
began to present evidence Of unlawful
business conduct