The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-03
Another Banking and Financial
Operation.

r Operation.
N>o0-o.>oNo~o<4o.~N~~->~~~N
rhe Oxssrd Ba nh, and Charge OF Obtain
ing Money under Faiss Preteaee s- Most
Extraordinary Developments.
On the third Of June last Miles A Bradley broker in
III street and Cincinnati arrested By officer Bun
ste~d on warrant issued by Justice Mountfor,,
charge preferred against him by Robert Barber broker
in e. Louis and lately residing in this city Of obtaining
ssvers thousand dollars FROM him the false pretence
OF purchasing the Oxford Bank oxford, Mass There
IL also charge pending o. Bradley against Bar
ber and the whos presents thu richest and most
racy Developments Of banking and financial operations
that can be we'll conceived The examination Of wit
has been proceeding before Justice Mountfrt
from the I'd Of June to the time aud is NOT yet
concluded We had hoped That the would have ter
minated before We suboin he testimony so
far - it is accumulang to too great length for
number Of the III raid -
Robert Barber the plaintiff, being says-I reside
IN 81 Louis Missouri and arrived in this city about the
18th April last and have been here most of the time
SINCE have known Bradley since Sepemb about the
Ist Of October last; introduced to him by Capt
Masea Converse, at Buffalo; tbs first business that
brought Mr. Bradley ami together that Converse
haA some operation with Bradley at that time; hrst
knew Converse about ten days before left ST. Louis
Converse coming East transact some business with
BrSAley which would require Converse furnish some
$4,000 or $4,000 money; Converse mentioned this
In st. Louis be stated that take
place IN some bank before reported to the Legsa
ure; to meet here or in Buffalo 1 told him
also going East he then proposed that ii would
take 5000 $4,000 with and let him it for
days he would compensate aud esteem great
zvor; 1 told him l would do aud take with
$1,000 SIS coo, which would furnish exchange
OF me also 1 told him I intended visiting the
E.n ~ al. him
there; he called on me, with Bradley, the hotel
where stopped in Buffalo; he told me that Bradley
wa the gentleman who concerned with him never
had any business operations with him St Louis do
know what his business then, 10 St Louis bat
understand he keeps livery stable there at present.
our best citizens; Converse did not advance me any
money agree to pay me any beyond the comPensa-
ton for the money be used any our nrs CONVERSE
ton about busin ness after arrived here;
Captain told Bradley had deceived him and
their business fallen through and that Bradley had
brought him here a fools errand the hrst
ton with Bradley when he proposed to NE to pur
chase the controlling interest OF some oAnkins asttu-
great advantage; told him WAS not sufficiently
Quanted With him TO join him in transaction Of that
nature he then produced letter of Introduction sd
dressed TO me- by T. A. Thompson formerly OF St Louis
but of Cincinnati recommending Mr. Bradley very
highly; had great confidence the letter, rhomp
son being largely indebted the time Mr. Brad
ley then referred to Ansel and Thomas r. st John
brokers' in Wall street, New York ana other
g~utixm men, whose names do r-coilect, who were
stopping at the Irving HOUSE went TO those
and they did not N 10 know much about his in
tegrity responsibility; both III the It Johns spoke
very highly Of him and sad he trustworthy; the
next time met, which in week after, Bradley
told that the controlling Of the Oxford Bank
Massachusetts,, could be had aud that GEORGE Hobart
and benjamin + Weymouth could procure It for US;
Of $4,000 or 5000 for their service. which he had
declined paying; all this time Bradley kept telling
me to avoid Captain CoIverse, aud TO have nothing
to him in regard business anu to entrust
the whole business 10 him 5radiey)s swearing most
solenniy he would act uprightly aud honestly he then
said he would go TO Oxford himself and save the bonus
shout this time he received sl5UO IRON TO be Used
in operations bearing bank he went to Oxford
and returned in days he said he bad succeeded al
mraby he spoke Of the charter u the bank being Of
the the world he said could circulate any
amount Of its bills and that could mskea
fortune By getting at the money could aud then II
thought proper to let the bank down. rem ,rked
If that the object would withdraw aud have nothing
further with H. thea called hessrs st John,
Hobart, and Weymouth, and told them that II there
wss any iees Of that kind would have nothing TO
do with 1t, and that would not go into II unless
II was conducted honestly and fairly Bradley then
stated that he had found Tie very to make the
purchaser honest upright worthy mau-and that the
interest could De sad for about $4,000,
and that he Bradley had deposited $1,000 with |
st~pAss Barton he mar rtrred toy ils that purpose
Brsry then ssked nue. for - 500 FIR my proportion be-
ING ha Of the SIS 0Oo Of the purchase money Of the
interest in said bank This conversation was
Fersnce Hotel the 2l-t October In presence OF
Cspta2n Converse; then told Bradley had no evdenc
q hh having deposited the Tut stated BY him, where
ssxns b. stephen BARTON for $4,000 received Of Mile.
BrSey, be used the purchase Of the controlling
ntrt q the Oxford Bank upoa ms asr nee that the
there, nd upon his showing that receipt
pad hin 81 SOC In bank notes Of the New York city
snk In the presence OF Captain Converse; had drawn
Ron tsvVo to $4,000 from the American Exchange 1
Bank n This city. and sources took = receipt
ron Bradley at that time which nov p1odn:si never
Ell 10 day IL dated 18th October 1850 Il Is In
srsdiey's handwriting hs then went TO Oxford. and
vrots TO me ~ fOlowt;-
Rosrsr BAsssR, Erq
Deer sir-An Il gtiug on a. smooth oil. think |
.Aau want more money Be ready IN the event Of my
inwinx or you d. q good oaeerthcrv Is good time
bead d Us The the point of starting and
nuss stop. Yours truly. BRADLEY.
In few days after receipt that letter Bradley
turned to New TOrk aud told me oil was going on finely
u regarded the bank aud that he had expended the
I'm the purchase q tue stock which cost about
= ee.e ON the dollar aud THAI he had pSia htte over
he DIRECTOR and that u would require s3vo more 10
the OPERATION aud that he nai m.de every me-
esary arrangrm.u with the ard VI directors cashier
nd president 20 resign. aud call new election and
hat be had the transferred on the books OF the
ank 70 Bradley Dsro-r, and that u would be necss-
.ry 70 dfvid. IL up 70 make many votes possible
hestatsd and h. said TIE SlJWO ~Vuid De- OF no u+e
nl.ss he h.d rs 900 more 70 the controlling
crest and be demanded 81 JOJ my half and added
hat be obliged TO pay the Hou'y neAt "a .rnus &C
ordins 10 contract; observed 'nai II 80 thea si.er
!. nkins hours and that II Wa tOn ls.i ne said my
heck vas good cash ant that b. eOaii 80 Use ~
70 finally prevailed on me- q give him the eh.ck ior
500 be then stsrt-d OKord; the neat DAY vent
n an. American Exchange bank upon ~hich the check
r.s drawn and stated wished To opeo al account
her~ sne propo-ed d-p-it tue amount ~ funds htd
h~o With NE being 81 w. or s0vV' tne btnk deenri
,p~ong an account on tue grOund VI my osins
. rcsid-st and my not wishing ~ eyaelaus zoe
cunt any length Il the ZANE day received eie-
r-.phic despatch bradley dst'd from worcester
sy,os h. had pad my chek be sai1 he Wished me
:. 80. he money ia the osuK meet it, stood al
he oovut~r Of the for sesersl urs, ~ith mn
ri, 10 Day the chick wbeo presvpt-d 'tePp'd Ous
80 moments sBo it .A~ Presented 10 ny sOss"' ,as
Old N presented b. one Of the sseuts 81 Aatn'
70 q Exrr,rs there sBd pad ne money sSi tSos
an tho check, I do MT kBo- shat became oi ~ ~hn
n a v~-k bradley rsturasd. tyi1 me The purchase
-. al copp.tsd aud that IL required some thirty
isye according 20 the ena'r u a. 0sN ~. 40 e'ec
,sr ~ pes director; thu dsiny drplrased me. A.
vSs anxious b. get home, through All ths n-spua
ions, up 20 this time, he ~shcd M . renas qulrt
md MOI " write TO sny OF the ptr.ies al Oktord
v be would every thing himself A. Ne tsa1 CON
nessr~6 g. be he Wound return ia th- t1t~rim -
ipctnnat snd he did evOry thing ia ne p3S-r 70 per
u.x~ me 10 return LUIS sud issEs tue Whole 70
lin he aid he would nay -ilafe 81 the di-