People v. Lowe

Smith, J.:

Section 956 of the Penal Law (as added by Laws of 1913, chap. 500) is as follows:

“A person engaged in the business of purchasing and selling as a broker stocks, bonds or other evidences of debt of corporations, companies or associations, who

“ 1. Having in his possession, for safe keeping or otherwise, stocks, bonds or other evidences of debt of a corporation, company or association belonging to a customer, without having any lien thereon or any special property therein, pledges or disposes thereof without such customer’s consent; or

a ^ * * *

“ Is guilty of a felony, punishable by a…