The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-17

'".ass o. 1sr'ysA - - 1,".ness, Opera
From H. AIbsny nEprssa Sept. ISL
It u now notorious that this gentleman residen,
Of Kingston, Ulster county, has not only failed for
an enormous amount and fed from the country, but
that the main cause OF his fight In consequence
OF his guilt as forger to large amount We learn
from Poughkeepsie psper-the Daily Press-that
he obtained $4,000 from the P0ughkeepsie Bank
$40 900 from the Catskill Bank $4,000 from the
Kingston banks. a large amount in Newburg and,
indeed, that he has touched all along shore.
What amount Of this paper is forged is not known,
but some of is has already been pronounced worth
less. Ore draft for $40 900, held by Poughkeepsie
bank, WAS accepted by responsible broker in New
York. and is therefore considered good irrespective
of the character of the endorse nents
The New York banks and the relatives OF the ope-
ratOr will suffer most seriously. There are said tob
no assets Of any account and he has preferred his
will sweep away every dollar Of available property
1t is said that his wife's friends suffer from
two to three hundred Thousand dol,r but the New
York correspondent of the Press ntmates that this
item is not authentic. They are worth three-quar-
tiers Of million, aud conferred upon Forsyth unim.
tied confidence in his operations, and it seems that
he used it with most criminal recklessness. One
trans iction is cited where he had the use of about
slOo OF railroad script to pledge as collateral So
surty For time it was not known what had be.
CONS OF these securities, but il has been discovered
that be transferred the bonds to broker. in ex.
change for letter Of credit to large amount On a
Lon don house.
The Kingston Journal alludes to this statement Of
the Press and says the facts state with reference to
hi, fleeing the country too true. He lef; in the
Africa on the oath ult., without communicating his
intention even to his wife or friends. IT was not
known that he had left for some days and the
of ais departure did not transpre until more re ,enty
That Mr.. Forsyth has been guilty of forgery is no
longer matter of doubt. The extent of his opera
tons is alone in the dark. Enough, however, is
known to warrant the bslef that forged paper is in
pyi tn OhahI v uot Inca
than 500 900. His operations in banks have been
quite extensive but the Kingston Journal leans that
they will sustain no loss whatever. 1t is probable
tina, the Poughkeease and Catsklll paper, spoken Of
by the Press is worthless.
The Kingston Journal makes the following re.
marks ia addition
1t is truly said that his relatives reposed in him
great confidence, and it may be said as truly that
CARDS the trust alluded to by the Press we may re-
mark that the Hon. A. Bruyn Hasbrouck at the
urgent solicitation Of Forsyth, placed certain stocks
in his bands to be used condtionaly. 1t seems that
this script was transferred to broker in New York
in violation of the express conditions of the trust,
and was received, as Is alleged, with full know
ledge that the agent was transcending his power Of
attorney. or course there will be no difficulty in re-
covering possession by the rightful owner if this be
So and If there is any justice in O court of law.
While the relatives Of Forsyth will suffer to con.
siderable degree by his reckless abuse Of their conf
dence, still they viii not lose to the extent asserted
Dy the fTeSS. bis Wlle family Is one oil the veal
thiest in the State-embracing both the Bruyn and
Hasbrouck lineage; and while the loss to Mr.. B. par.
tcularly will be heavy, still his fortune will not be
seriously impaired.
As to the cause of Forsyth's failure there can be
no legitimate doubt. In any rational operation he
could and would have been sustained by host of
firm friends, whose confidence he enjoyed to an I'M
limited extent But his habits, Of late, were reck-
less, and even criminal He doubtless lost heavily
at the gaming table, and the bears in Wall street
took advantage of his folly, and eeced him beyond
measure. There is evidently guilt hanging over par
ties in New York. whose transactions in this matter
may come to light yet. And we shall be reoiced to
learn that these operators have been bitten them
selves in their schemes to wrong innocent and
parties
We hear Of $50 900 in addition to the amount spec
fed by the Press. On Friday last the Sheriff took
possession OF his effects here on an attachment sued
out by the Bank Of the Commonwealth in New York.
This proceeding will be contested by the assignee
and the result will determine the legality of the
assignment.
We regret the blow which has fallen upon his
relatives, who are among the first citizens in the
State. Our sympathies are aroused in their behalf
not only in consequence Of pecuniary losses incurred
through friendship, but for the modification which
this affair must create. While they have nothing to
regret, except, perhaps. too much friendship be-
slowed upon one unworthy to receive it, still it will,
no doubt, be source of the keenest sorrow to the
members OF the family, possessing, thoy do, the
finest sense of honor.
Judge Forsyth is probably safely on the Continent
and will, no doubt, place himself beyond the posi-.
bity of arrest, as we believe extradtion treaty
exists between this country and any other govern
nent than that of Great Britain.