The true Democrat., 1854-08-02
The Schuyler Fraud.

We md the following additional facts in the Cincinnati Columbian, touching the late fraud in railroad stocks:
 There were several eastern railroads in which Ro bert Schuyler had greater or less power- The Naugatuck railroad company and the Ca nal railroad both in Connecticut, are two of them. The New York transfer books of the first named company were kept by the same Kyle who defrauded the Harlem. The Har- lem directors, on Saturday, accepted the ten- dered resi- sgnation of this man, and appointed w. Welmore, esq.,, temporary president, uice George Schuyler, resigned.
 The Harlem company have also cautioned the public against negotiating eighty certificates of the Albany extension stock, which have been fraudulently used by Robert Schuyler. It appears that Mr. Robert Schuyler gave a false guarantee of the Harlem company to an English house for iron imported, and which he himself pledged for loans to his own use. The discoveries are not yet exhausted The effects on the market of such heavy decline in stock occasionei by these strocous frauds are becoming serious. Loans have been called in freely on all stock securities, and all borrow CTS have not been able to correspond The re- spectable firm of Delaney, Iselid & Clark were called upon on Saturday, by Duncad, Sherman & Co.,, for repayment of loans, which they could not do, as they were unable to shift all their loans. They state that they are able to respon d to all their time contracts, but cannot repay at present their loans. MT. lseln occupied his seat as usual to-day at the board; and we are informed the house has made satisfactory ar engagements for all their call loans
 Mr. Richard Shell has also been obliged to suspend payments. He was large negotiator of loans and discounts for Mr. Robert Schuy- Ter, and his name appears as endorser on the Schuyler acceptances to the amount of S75O- OOO
 The following is list of the railroad compa- nies in which Robert and George L. Schuyler held responsible office:
 Housatonc Railroad. s2 DOC, ,ooo E. Schuyler
 Trf. Agt. Brooklyn & Jamaica R. ....s 300 900 B. Schuyler
 Secretary New York & Harlem R.. S3, ,500, 900 c. L. Schuy-
 Ter, Pres't Rutland & Whitehall R..s S5o.ooe G. L. Schuy-
 Ter Pres't. Saratoga & Washington R..s ssa 900 Rob. Schuy-
 Ter, Tressr. N. York & N. Haven R. :. .S3, ,oO0 900 R. Schuyler,
 P's & T. fig. Naugatuck R..............$ 900 R. Schuyler
 Trf. Age mt. N. H. X Northampton R...$ 7O2,5OO R. Schuyler, Vermont Valley R...s 5o4,ooo R: Schuyler,
 Trf. Agent. They were also directorsin many otherroads. MT. Schuylers connection with the eastern railroads made him the readiest source of in- formation concerning them, and all his state ments were considered authentic here. There appears no further developments of fraud in the New Haven or Harlem companies. The inquiries are being diligently prosecuted, but are of tedious nature.
 There are reports abroad of some large sums having been obtained on the security of iron 1alls, by Robert Schuyler, from leading impor- ters; who have since found out that the iron be- longs to other parties, to whom it was sold pre- viously but not delivered.
 The Boston papers report the failure there of Messrs " Ills & Co.,, who were engaged in the California trade, as we'll as in railroad specula- tions, the source of all our present financial troubles.