The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-11

| to him upon giving the check. '-s-
-, Cross, . essmined-I have no per.onsl knowledge
That notice was given to him to pay but 1t is usual to
give notice. heard that 1t paid before the meeting
| Of the Board that day
ished, the further examination adjourned to
Tuesday, the 18th inst.
Police Intelligence.
THE ALLEGED CHARGE OF EMBEZzLEMENT AGAINST
FREDERICK D. ROBINSON, THE wALIrsr BROKER.
Before Justice Mountfort.
few days since complaint was made before Jus.
tce Mountfort by Col RESELL Jarvis residing at No.
name Of Fredsricf D. Robinson, on an alleged charge
OF embeIzing some $4,000, from him obtained In the
transaction Of stock operations Mr. Jarvis sets forth
in his affidavit that thu Gath Of April and at divers
times hembezsledland raudulently erted to his
own use certain Of money and evidences Of debt
lady for whom Mr. Jarvis was acting as agent Mr.
Robinson denies the allegation, scd asserts that he
trate that fraud embeszlement has been perps-
trated and requested hesrisg in order to show his
defence and give the explanation. Yesterday sftsr
noon the investigation commenced, and We give the
evidence Of Col. Jarvis, on his crois exam nation,
ELECTED from questions asked by General Ssndord the
counsel for Mr.. Robinson =
TESTIMONY
Russell Jarvis being sworn on the cross examination
say.i have resided at No oo3 Broadway since ls45;
am the leading editor OF the Philadelphis Ledger 1
known Frederick D. Robinson sincs the summer
my hrst transaction in stocks with Robinson
time In October or November l849; Janusr 18th,
mers Trust stocks; after that they changed to
Reading Railroad stocks; there three lots of
Reading about l5C shares which grew OF the
action in Harlem and Farmers Loan; kbRve &C.
count dated February 9th, 1850, and nnd by that
was short $50 shares or Reading Railroad stock; Mr..
Robinson informed me that the $50 shares OF Reading
sod my account; he told several tim IS the
same thing had not piven him orders to make such
fales OF Reading stock was short, think 100 or l5O
shares in Harlem or some other stock and Mr. Robin.
ton informed me he had changed IL to Reading; but
whether that change amounted to the whole 50 shares
~ htf fher n nf 1aff. vAg dn
exactly recolGt; but on February 27tA, 1850, Mr..
Robinson informed me that short of $50 shares
II Reading stock, and that Is all the stock | was
short, Of any any kind which had then sold, aAi
bound deliver these stocks sold deliverable
time ahead; they may have been deliverable at so or
to dxyr; my impression is st 80 days. MIR. Robinson
norms me that 100 shares sold at 31 per cent
and 6o shares at 32 did not furnish Mr.. Robinson
any OF this stock to deliver but furnished Robinson
with $3.50 in cash and SO shares of the Merchants Ex
change Company, ss deposits think the cash pay
meDt was ad- on the 25th February, 1880 tn. Mer-
chants ExcbaBge had been deposited previous during
the preceding month; the cash payment in y
draft at sight Philadelphia upon the proprietors OF
tn. Ledger that SO shares OF Merchants
Exebsng. was not transferred, to my knorledge, to
Tracy Aleots, to SECURE purchase Of Long Island
RsiIoad stock gave such orders rning that
lot Of MerchAn Exchange. but Mr.. Robinson inform
ed me that that lot pledged with denim \ Lock
wood az part OF the deposit tor the sale OF the 100
Q-what was the other part of that deposit?
A-The $3.50 already mentioned, asI was informed
by Mr.. Robinson, 1 never saw J-nin Lockwood re-
tp. citing that Transaction before 1t closed re was
informed by Mr.. Robinson that is to ray before the
one hundred and nifty shares OF Reading wer. bought
aud delivered as Mr.. Robinson informed nae; never
sawl denim lockwood at all, to my knowledge. lot
knowing them by sight, until about three 90,
for l relied implicitly on Mr.. Robnson's statements
about three weeks ago saw Mr. Lockwood for the
r' time to enquire OF him about this transaction of
Il. soing Railroad to ascertain OF him it q real
uan,sction, and was informed that he could give
infci alton about II unr,i uret consuitng hr ncbn
son; day or two afttrw ards, l MIR. Lockwood
again, and WAS pormd by him that Mr. Robinson had
forbidden him giving any information on the suhjec.
Did you ever pay any money 10 Mr. Robinson
ter the loss Of that hundred and fifty shares Of
Reading
A-1h. loss that Reading was about six hundred
dollars, according To MIR kobinsons ststem"nt; the
$3.50 paid part IT, and paid him slC0 the 22i OF
Apri 1850 either In cash by draft Philadelphia,
having a balance said 2ld OF Aprl of $3.50 81 for
which balance MIR. Robinson informed me that the
fifty shares Of Merchants Exchange wire pledged and
t could lie long ss wished; Afterwards asked
him several times If the pedgee PLEDGES sf that
stock wished IL TO be redeemed, and he replied IL
mig lie IS IL Was Mr. Robnson has siuce delivered
to twenty i've shares OF the Merchants Excnaogs,
but VIII ther said twenty i've shares were othis lot
of lot OF hy shsres OF the Merchants Exchange nj
tervarcs delivered to him deposit for the purchase
OF hun dred shares OF Long leland stock, do not
know
twenty ave shares OF Merchants Exchange stock Just
tpoktn OF
A-some time IN January 1851, bat the certificate
will ,how, and he informed me ON delivering it, that IL
va, the first step In making restitution oi what he
owed me Of deposite', and pronts OF four hundrsd
shares Of H.. Reading stock, which, ne informed me
be had loug hit by my direction, aud Afterwards sold
by my diiection, the net proceeds OF which he had
fsea to pay to and confessed that he had used II
Justice DO you mean to state under oath, that Mr.
Robinson made rse OF the word restitUtioni
Al am not positive about th. word restitution,
bu, the idea conveyed to my mind was that this was
the hrst Of . series OF payments OF What ne oses ns
Odd he cay on that occasion that he had brought
there four hundred shares of Reading by your direo.
ton, and afterwards sold them by your direction aud
that be confessed that he had used the ptoceedsf
Al hsy. bot said that he said this on that OCCASION
any part Of IT, concerning the purchass and sale,
application to his own purposes, OF the proceeds
of the tour hundred shsres OF Resdingi but he did
cay all this previous occasions, and UNDERSTOOD
him 10 mean this occasion that in delivering the
twenty fye share. of the Merchants Exchange, he
had begun 10 pay What he owsd me.
Odd you then make, or had you previously made,
any retirement of accounts with MIR Robinson, sd
mitting any balance 70 be due TO yeu
A-preyiou,ly TO this about the middle Of Novem'
b,r 1850, Mr. Robinson informed me he had sold the
four hundred shares of Reading but could not pay
the net proceeds tecause Mr stebbins OF the hrm
Jaudon stebbins, 10 whom he ssid h had pledged
the said fosr hundred shares, when they we're pur-
ebased chose TO retain the procsed. as an Offset 70
= debt Of which Robinson owed him, or them 90
net r,collect which. and on my ex pressing my sur
prize at their doing 90 Robisson replied that they
had lot good deal OF money by bearing In stocks,
an probably In danger OF iaiiurs and therefore
Wished 10 get held Of all they could or words to that
effect ana AZ the same time Robinson presented 70 me
an account charging with the balance of the old ec-
count already mentioned Of about $3.50 or slp)-ths
Long island already mentioned one or two other
,us it and crediting me With the proceeds o me
purchasd and also admitting to be deliverable 10 me-
hundred shares OF Long Island stock as psis for
BY the charges in sad account aud one hundred shares
of Merchants Exchaugs stock, which account he
vi,hsd 10 keep 20 make out In due form and sad he
would deliver it to me on the neIt day but before
leading, and 80 far az l recollect, the figures OF
the Whole account and the cash balance due on
that account 30 far as I remember was about 500,
though I have retained only, 80 far az recellect,
that portion Of n stating the ssles OF the Rsaains
Q-'In the year 1stO aud some time in the month
Of april did Mr Robinson purchase for you 100 shares
a Long Island stock, and did you furnish him any
funds to pay Tor it
Al iupished him with 80 shares Of the Mer-
cbsnts Exchsp stock deposit for such purchsse
and he Afterwards gave me msmorsndumi dated
Anil a 1850, stating that he had purchased so
Of Long Island tor me- and Afterwards another
memorandum, dated April 30 1850 saying he had pur-
chased co mere shares of Long Island for me; and
siterws d. informed that this stock was pledged
AWAITING my order to cell, By which understood the
sesltr Of the stock was paid by money furnished by
the Pledge Of said Long Island and said 90 shares OF
Merchants Exchange; and he rendered me &C
a. A