The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-11
TIE LAST GREAT SWINDLE.
FUR THEIR FROM CALF ORNIA.
The Meiggs Frnuds-Lnter Particulnrs-The
Pursuit Aband0ned-Dark Days for Cali
frrutn AC.. AZ.

Pursuit Aband0ned-Dark Days for Cali
fornia, Sc, sc.
We extract from California files further particu-
lars Of the tupendous frauds committed by the Brothers
Moggs upon the city and merchants Of San Francisco.
Correspondence under date san Francisco, Oct Sth,
says
Henry Meggs whose failure announced yesterday,
II has transpred forged about 81 600 900 of city scrip
and over issued 5000 600 of the California Lumber Com
any stock and committed other forgeres amounting
10 $50 600 more
He together with his family and John G. Meiggs, City
COMPTROLLER and Seaman and Others left in the bark
America on Friday morning for port on the Pacific
she having been purchased for $4,000 they alleging
that two gamblers were going on pleasure excursSn
known until four O'Clock yesterday afternoon and by
half past six O'Clock, the time the Comptrollers office
closed $3.50 600 had been presented. Notes upon Mr.
VIM. Nicely Thompson have also been forged, but to
what amount is not yet known
the sufferers at present known Adams Co., 500
100 Nh Luning, $40 000 II. T. Woods, S27 600; Prem
tergast 49, oo = Gelston, $50 ooe; Dr. BsvodEy,
$4,000; Mrs Brooks $4,000 Mr.. Reese, s6o,o0o and
any poor people suffer in sums ranging from one
,Aousand to five thousand dollars.
At about O'Clock last evening II was decided to
send the steamer Active in pursuit OF the fugitive the
bark wing been seen Point Iobos Friday night
about fifteen miles distant As the Active, however,
coming to the hulk to coal she smashed her starboard
wheel 30 badly that four days would in
repairs. and the search consequently abandoned
Robert Ling pilot spoke the America of the Farra-
ZONES on Friday night and asked where she was bound
children board, but else She also spoken
BY the bark Orb, arrived this afternoon from Oregon
fair wind has been blowing Tor the bark for the past 36
Goderroy, sillem 4 Co. obtained a judgment for
oo,ooo he having confessed the same IN letter to
ther saying he leaving the country forever, dis
graccd and ruined man.
The -iua OF the 10th says:-on Thursday afternoon,
when the America in sight oil The Heads, two
rode up the telegraph station of Messrs Swccny aud
Baugh Point Lobos, and casually asked the at.en
dant What that in sight, he replied thai it
was The hawk America, upon which the otr carelessi
asked him " Il he supposeda steamer could catch her.
il after her, The attendant replied Z" No., u.on
which the companion of the first heard to say
Thank Cod for that which they rode OF.
Jtarpcas by card in another column that more for
gcrIes have been ascertaned to have been committed
upon the finn If Vim Nicely Thompson 81 Co. II is said
hat h.se amount in all t. about 80 oeo.
the last named house has published the following
NorcE-sl holders of paper purrorting TO have been
made endorsed ty Vim. Nicely Thompson Co. are re
que>tc have the at the office OF Messr IIackett
fasSeIy, over Bngoync's banssng house, on Wednes
day evening" li'h ns ~, at yr sSse rovpsox co
On The 18th, Judge Frcelan Of The Sessions, in his
charge to the Grand Jury, sad:-
II i sup, osed that in the Meiggs frauds there
many accomrces and eonfeJcrates who 7tin remain in
the city; aud II IS supposed that the vigilance and
energy of the policc If properly exercised may lead TO
'hcr detection II i your duty gentlemen OF the jury,
to ami require that all proper measures are taken to
Aiudng to the extent the dedication, the Times
Since the discovery of the Neogs forcrics on the eth
nst tho most exaggerated statements have appeared
their amount and also 10 the extent Of the in
vdua losses Figures have been paraded which would
leave the impression OF almost universal financial
ruin but fortunately they present exception to the
old maxim at such characters cannote The total sum
of the deficits caused BY tho cunning hancrait OF the I'M
,~eculac Nciugs has been placed considerably above
loco Geo in publications. and few have conde-
ended to lesser amount to The debit side of the
profit and less accourtof young community Faunt-
leroy The English hero OF 81 ,sooo COO swnde, the dis
tinsni,hed 6nancier Ioaroe Eiwarae ana The modern
frm Of Schuyler Kyle Co., were al TO be rutAessly
uperscdea by the apostle Of California finance Dur
ing the past two days however sober view of the
whole matter has been taken and although il clear
enough that many have suffered severely, and that the
eat departed has certainly made o with pile yet he
las not created the perfect vacuum in the money mar
ket which are induced to imagine There l. yet
indication OF more than 100000 OF Warrants
having been forgedhese received at fifty ecats
The dollar, and the loss thus asccrtane is S2ee 900.
acng the forged notes at tho highest estimate does not
odd than $50 600 70 this amount anil the at Of
the fraudulent issue Of Lumber Company Stock not yet
calculated $500 COO, hypohecated at tic rate Of
weny-fv cents the dollar would be s75 900 more,
which makes the aggregate cash dealcation amount to
1926, eco This quite enough for the rccuperaf
tive energies Of California bear up under but il Il not
by any means two million dispensatiou, and there IL
no particular advantage IN making the matter worse than
ii really is.
lille it is very difficult 20 arrive at the truth
f the real losses sustained aud many have been
represented To be sufferers who have in fact entirely
capped. Megsrs Burgpyne Co. desire Us 20 state that
they were not interested ie amount of dollar
either in heggs notes endorsements or in the counter
felt scrip. MesSrs. Grogan & Lent have male no ad-
on warrants and hold none that u irious.
publish carrs OF similar import.
BY the following statement from the gne3o Of the 18TH
1t seems that OF the forgeries discovered six
weeks before the sSposf:-
Some Of The circumstances attending the gigantic for
gerry Of Meegs beginning to deyelgpe themselves
facts being brought 10 light, which IL properly
disclosed when they occurred, would have prevented the
.roc:ous frauds which The great swn,.ler has perpe
tra,ed upon this community. Tho blow has fallen
heavily upon several or 1t least one OF the lsrg' 'er
camille cams Of this city, According to the Rin9
transactions with Aggs were large and intricate
IL i said have boon compelled in consequence OF their
creditors In the winding s,p Of their affairs state
ment made 10 teir creditors, which IL true viii bx
some Of the responsibility Of Che Mceg fraud in another
quarter. One Of The nembers Of the frn, Mr. While
il said has stated that ahort sS weeks ago he mot
certain broker in the street who in CANAL
tion inquired ab1ut certain note for sS5, 600 which
purported to beas the signature of VIM. NeJy Thompson
Co, payable y Henry Messs, and which had been
endorsed by Ms.ags, and transferred to him.
Dir White, Who had no knowledge whatever OF such a
note having been sSen BY the hrm told the Srcker that
he must be mistaken. Tie broker, however, persisted
that he he'll tho nero, and when Mr. White
serted that il nstake the broker offered to bet
drinks that he was right. which accepted. Mr.
TO bis surprise q note for s15,00 was produced,
pnrporting to be signed by the firm Of WIN. Nicely
5boinpsea Co.. and hearDg the bold endorsement Of
Henry Meiggs. As E,ight be supposed, Mr. White
amazed and uiIfeststneiy pronounced II forgery lie
Immediately went in search OF Mciggs and when
he founa him ne asked fer explanation of tho
Ter Meiggs began 10 recall their business
nfcrred to two notes for ~ 800 each
which he alleged had been consolidated into this sl5
600 note which he " hite, had drawn mp and signed
himself. White knowing that such transaction conld
have taken place, denied all knowledge of IT,
ss charged mesg Win ssss ''s%s .ssi
the crime and threw himself Mr.. Whites generosity
Impiorng HIM not 70 disclose The affair, as y would
ly He stated that il was tho frst and only crime |
shc be bad committed, that he did IL TO relieve
,lmse, from ~ p,essns necessity ana INA. mao al