The New York herald., 1922-02-18
Man Who Lived With Two
Wives Guilty of Larceny
Of $4,000.
3 HELD IN $4,000 EACH
fl. I'll. Lowy Members Said to
Have Fleeced Women Of
$4,000 to Open Office.

A bankruptcy action against Il. II.
MacMasters & Co, 50 Broad street,
Consolidated Stock Exchange firm. ex-
PEELED two days ago for bucketing:
the indictment for grand larceny of
three members of H. II. Lowy & Co.,
brokers, 1913 Broadway: the conviction
of one stock swindler and the investi-
cation of new batch OF complaints
by the District Attorneys Office stood
out yesterday in the drive on bucket
shops.
The MacMasters firms liabilities
were estimated at 100000, with as
sets. mainly accounts receivable, Of
$4,000. Their expulsion from the Con-
solidated Exchange was announced
Thursday as result of legal action be-
gun by District Attorney Banton.
George Z. Silkworth, president of the
exchange, told Mr.. Banton yesterday
he would give him the data and COM
plants against MacMasters & Co. on
Monday.
An involuntary petition in bank
ruptcy was tield in the United States
District Court on behalf Of six former
employees. who asked for the appoint
ment of receiver and declared the
firm was insolvent. Robert r. Stephen
son, forrne- United States Attorney.
was appointed receiver under $4,000
bond.
The claims OF the petitioning creditors
are for salary due and range from $50
10 $50. Besides it's New York office,
which was fitted up like the grand ball
room OF q Fifth avenue hotel the firm
had offices In Chicago. Milwaukee. New
Haven. Richmond, Petersburg, Va. and
Pittsburgh. The members We're Roy II.
MocMasters and James A. Cochran. but
john r. MacMasters is said 10 be it's
brains and hacker. Tie Is the father of
Roy II. and formerly was with Hughes
6. Dier.
z. ID. Dier & Co.. successors 10
Hughes & DER. recently failed for
100000 and their affairs are being in
veStigated by the Grand Jury. Through
their counsel, Lockwood & Lark. DER &
90. obtained an orderfrom Judge Hand
Tor District Attorney Banton TO show
cause why he should not be restrained
from examining their books, on the
Ground that such action would violate
their constitutional rights as bankrupts.
The order will be contested by the ap-
peal division of the District Attorneys
office on the point OF whether a United
state Judge has authority to restrain
ihe District Attorney in New York
state in the prosecution of complaints.
$4,000 Bail for Each of Three.
Three new indictments for bucketing.
making n total Of twelve this week
were handed up by the Grand Jury The
specific charge is grand larceny in the
first degree. The three defendants were
arraigned last night before Judge Null
queen i'm General Sessions and pleaded
not guilty.
Their bail. which had been 5000 each
in magistrates court, was raised to
$4,000 by Judge Mulqueen when he
learned the nature OF the charge.
They gave their names as Harold H.
Lowy. "a. OF 26l6 Grand Concourse
The Bronx. senior member of H. H.
Lowy * CO.. Martin Schlesinger, 25
1912 Boston road, Tho Bronx. and Al
bert. Friedenberg, 90. 851 Kelly street,
The Bronx, also members of the Lowry
firm.
Complaints against them were made
by Mrs. Jenny Brolles. $50 Westchester
avenue. The Bronx, and Mrs r. Bar
bette Beck. sS4 Prospect avenue, The
Bronx.
Mrs Broiles told the District Attor-
ney she had given checks for $1,000 to
Iowy e Co. for Hamburg American
bonds but did not receive the bonds and
could not get back her money. Mrs.
Beck complained that che had given
50 900 in cash to the defendants for the
same company's bonds with the same
result.
The $4,000 with the three obtained in
these deals was Used to rent and fur
nsh their office. according to the charges
made against them by their victims.
Their counsel, Samuel Markewich, told
the court his clients had done no wrong
merely engaged in business trans
action--and should not have been taken
TO a criminal court.
Herbert II. Andrews Convicted.
Herbert r. Andrews, Formerly a
broker with offices at 20 Broad street.
was convicted Of grand larceny in the
first degree before Judge Grain in Cen
eral Sessions for bucketing operations
involving stocks valued at sii 900. He
will be sentenced one week from to-day.
The penalty is five to ten years
Andrews achieved notoriety year
ago by living in Jersey City with two
wives. When the circumstances were
made known he attracted the attention
not only of the newspapers but of the
New Jersey authorities and was obliged
10 slip out OF the state until he arranged
TO divorce his first wife and marry the
second.
After his conviction Andrews gave his
address as the Hotel Pennsylvania. He
was arrested October "a on the complaint
OF Horace X. Van Week or Montclair
Continued on Page Seven.
I Thcntricai and Hotel and Restaurants.