The New York herald., 1922-07-06
LAWRENCE GIVES UP,
DER is MISSING YET
Arrested Partner Reports He
Was Staying at Club Near
Philadelphia.
GETS $4,000 BAIL BOND
Was Merely a Figurehead in
Firm and Got Nothing,
Says His Attorney.
GETS $4,000 BAIL BOND

Harry l.. Lawrence. partner of Elmore
ID. Dier In the brokerage firm of Z. d.
Dier & Co.. which failed for about s4,-
100000 last January. gave himself up
yesterday. appearing at the Criminal
Courts Building and pleading not guilty
to the sixteen indictments charging him
and DER with bucketing and grand lar
ceny Justice McAvoy released him. un-
der $4,000 bail. which was furnished
ny a surety company. and allowed one
week in which to change his plea.
Lawrence was accompanied by his
counsel, Max l.. Arnstein of 500 Broad
way. 1t was his first appearance in
connection with the case since the
failure. According to his lawyer and his
brother. who was with him. he has been
living at the Marion Cricket Club, at
Haverford outside of Philadelphia, and
never had any intention of running away
DER did not appear although II had
been expected that he would Mr.. Arm
stein seemed to have information to
the effect that DER would give him.
self up to-day or tomorrow at the
latest. There is reason to believe. too.
that bail in his case will be agreed
upon at. $4,000, and that the delay in
his appearance is due to the necessity
of arranging for such a bond.
Mr.. Lawrence. who Is single. is 35
years old, dark haired. athletic look
ing chap. He appeared worried. He
declined to talk, referring intcrviewers
to Mr.. Arnstein. The latter, after the
court formalities were disposed of. said:
Before we get through with this
case we will show the public ana the
press that there is another side to the
story that has been told about my
rli foy. aid Of he
story has been told and the result is
that the public has an entirely wrong
impression of'what has happened. This
young man never got a cent dishonesty.
He was merely a figurehead in this
firm; dummy. If you want to call
him that. He knew nothing whatever
of what was going on. He had no
office and not even a desk in the office
of DER & Co."
But he was a partner in the firm"
Mr.. Arnstein was reminded. There
was a partnership agreement
well. there was In a way. but It
was not really a partnership. because
Lawrence got nothing out of it; he
merely let them use his name. He be-
came a party to the partnership agree
ment after Col, Hughes got out Of the
firm, merely because In order to get
ticker service the firm had to be a
partnership; they wouldn't give the SER
vice to an individual That is the only
reason Lawrence was made a part
ner He has been grossly misrepre-
sented and much that was done by
others was blamed on him. We will
be able to show that"
Arnstein said something to mach the
same effect. referring to Dier. There
was the inference that others had
profited through the operations Of tie
Dier Arm and that neither of the part
ners was really to blame.
Lawrence's brother said that Lawrence
had made a mistake in not coming
forward before that he had been badly
advised. He felt confident that when
the whole story Is told his brother would
not only be acquitted. but would have
public sentiment. In his favor.
The attitude of the Lawrence group
is at variance with the testimony that
has been taken before the referee in
bankruptcy. This goes to show tnat
Lawrence was really the spender Of the
Dier money, that he made out checks
and actually made purchases for Dier
and took Mrs. DER around socially.
The young mans brother said yesterday
that all that talk that had been put or
the record was hearsay.
The proceedings in court were br ief
and formal. Benjamin Schreiber, -ts-
sistant District Attorney. appeared FOR
the District Attorneys Office. Mr.. Ban
ton said afterward that he was pleased
that Lawrence had come in and that he
expected the others would do likewise
or would be apprehended. He also said
II hope to try the Dier case before
the end of this month"
The speed with which the trial is had
will depend on the preliminary motions
made by the defense. Mr.. Banton said.
His case Is ready and trial can be had
at once II the defense does not adopt
obstructive methods. Banton has said
be woulS try this case in person.