Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1854-09-29
The Great Schuyler Fraud.-Warraat for his

Since the great financial operation and fraud OF
Robert Schuyler late President OF the New YORK and
New Haven Railroad Company, involving an amount
of over 81 100000, consequent upon an over-lssue
of stock By Schuyler to that amount the city OF
New York particularly, and the country generally,
have been greatly excited thereat ana the excite
ment still continues to prevail. The Tribune says:
Soon after the flight of Schuyler, action, with a
view to punish the gigantic defaulter, was begun
before Justice Stuart who took several lengthy aft.
davits of bankers brokers, and others, and after
ward issued a warrant Tor Sci uyler's apprehension
The late district attorney Blunt gave an opinion that
The fabrication of the over.ssue constituted clear
case of fraud. The warrant placed in the hands
of Sergeant Elder who with officer Gallagher, aided
by criminal officers and authorities In almost every
State In the Union as well Canada. have secured
the entire country every direction, and resorted TO
every and expedent in their power to lind and
arrest the accused but, up to this time, have failed
to discover anything indicating his whereabouts with
any degree of certainty
| The New York Times, Of SATURDAY., says:
"Our reporter was informed last evening, by a re-
liable source that within six weeks gentleman re-
siding in this CITY was in Southampton, Eng, wit
Messing great Yacht race, and Robert Schuyler
among the spectators 1t is now beyond reasona-
HE doubt that Schuyler crossed the ocean shortly al
ter his gigantic frauds were detected. We also
earn that since the fugitive known to have gone
abroad it has been aScertaned that his (Schuyers)
confidential friend Ia lawyer also sailed from this
port a few days ago, for Bremen and Southampton
| The Express, on the same subject, remarks:
"The responsibility of the over.ssues of stock will
no doubt be claimed to lie somewhere else than in
the person of Robert Schuyler, of whose wherea-
bouts nobody seems to know, although we are in
formed that if communications desired with HIM
they can be made and answers received applica-
ton certain parties who in daily correspond
ence with the notorious defaulter
Commodore Vanderbilt. who is large owner OF
the spurious stock it is sad in his stock is not
recognised, will exert all his powers of attack by
running on the Sound lines of steamboats, in cOmpe-
tilion with the road. Wall street is very much
cted both by the report of the Directors and by the
meeting held last night
Ii appears that there has already been an informal
meeting of the stockholders of the New York and
New Haven Railroad since the report of the direc-
tors was made, at which resolution passed to
offer reward OF $4,000 for the arrest of Schuyler
1t was also alleged, according to the Express, that
the amount of stock held by the directors, prin-
cipay spurious the hypothesis that they were in
duced lattery to increase their line by its low price
The propriety of their resignation consequently
urged that the question of recognizing the overissue
may be left to less interested parties. The papers
generally discuss the directors report and the Times
money edltor) urges an acknowledgment OF all the
stock. The Tribune don't any equity logic in
the conclusions of Messrs Noyes & Wood, the coun-
sci of the company, who hold that there is no re-
sponsibility by the company for the erssue. AS
showing the beautiful management of some railroads,
it is said there were only 16l shares of real stock
of the New York and New Haven road among the
eight directors, and one member held only share