New York, Mar, 10.
In a special hearing of general sessions, Judge William Allen today released Air. Richard Whitney on US 510000 bail. The recent president of the New York Stock Exchange was indicted on charges of grand larceny in an unexpected move of the County Grand Jury this morning, The charges were the outgrowth of an investigation of the Richard Whitney Ca. which Mr, Whitney headed, following its suspension several days ago by the Stock Exchange, The suspension followed Mr. Whitney's filing papers of voluntary bankruptcy, The cashier of the Whitney Ca. yesterday told investigators that Mr, Whitney had withdrawn from the company $400,000 worth of securities which were the property of his clients, Through his attorney, Mr. Whitney said he was prepared to suffer e consequences for the operation of his company. He admitted that some practices of the company were "not right,"
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