The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-12

Further and Interesting Particulars Relative
70 the Gigantic Fraud-Many Victims arc
Found, but many more stin In the Rack
groun0-Huntlnxce L. Resolved % take the
Matter Coolly, and Says the Fraud WILL not,
probably, Exceed Half = Million DOllars-A
F1easant Prospect for some OF the Bulls and
Bears, &c., &C., &c.
The grand frauds perpetrated by the note broker Hun
tnston to be the chief theme Of conversation not
only In Wall street. among the bulls and BEARS but among
oil classes Of the community II now appears that Hun.
tngton has carried this system OF forging the Of
responsible firms for time past. and that on
occasion the fraud leaked out but II was immediately
hushed up by interested parties who feared the result of
public disclosure and again the work Of niquity
recommended II WAS NO doubt, the intention Of Hun
ngton 70 keep the forgeries quiet He could speculate
10 advantage, with the large Of money raised upon
these forged notes and drafts and was therefore enabled
70 take them up before their maturity and thus conceal
the fraudulent modss opeysnd by which he effected his
designs BY this means the fraud was carried on
cessfully for a long time, and was only discovered
through the gross careessness of Huntingdon who allowed
Of the notes to attain its maturity and being pre-
scented At the office Of Aessrs Phelps, Dodge Co. for
payment the forgery detected and the author Of the
grand scheme unmarked before the world in general
and Wall street In particular
Great credit ia due Mr. Dodge for tho fearless
In which no has proceeded in this Contrary 70
the advice Of many Of his business friends, he has
taken most active fteps towards revealing the part
culars Of Of the boldest frauds that was ever
carried on in New York. Many others besides Messrs.
Phelps Dodge Co. heavy losers by the contract Of
Huntingdon but they afraid to disclose the fact for
fear Of Durng their credit OF business and there
fore oesrous Of having Phelps Dodge Co bear the
entire weight and responsibility in the matter.
Huntington wa visited by one of his friends yester-
day, who, in friendly and somewhat mplorng manner
b. eyed Of him reveal the extent Of the scheme "For
Gods sake, said this gentleman. where will this
ter end? VIII we know the limits Of the trans-
action 2,'
Huntington replied that he was going 10 take the mat
chalnce said that the aggregate Of the orgeres woud
prof ably not exceed half million dollars"
Additional testimony was taken yesterday before Jus.
tce Connolly, Of The Lower Police Court and number of
newly discovered forgeres were announced The follow
ing affidavit was made by one Of the sufferers, Mr. W. II.
Harbeck-
WIN. II Harbeck, Of No. 90 Wall street, being duly
sworn deposes and says-That he Is Of the drm Of
Harbeck Co.. that the said nrm loaned to Charles B.
Huntington various sums Of money the annexed
notes and drafts Phelps, Dodge Co., of this city,
which said notes or drafts are pronounced by William 4.
Dodge Of the said firm OF Phelps Dodge Co., be for
geres; that ead notes and drafts received the
6h Of Septe mbe seth OF September and Lat OF October
1896, from The said Charles B. Huntington.
The notes referred TO by Mr.. Harbeck follows
One for 5000, four months after date.