The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-15
MORE NUBLE IN WALL STREET.
SuSPENSI(of ALARGE GOLD OPERATOR
The Discpancy Said to be from
5000 to 100000.
SEVERAL f,oED CHECKS DISCOVERED.
-~~-~-~,>~~~~->>S~~o~>S~
Checks Oi Banks Where There
a. No Deposits.
MYs YsTERoUS FiNANcIERS,
30. &C., &e-
SEVERAL F,oEp CHECKS DISCOVERED.
MYSTERIOUS FiNANclERs,

Wall street wsA hutter again yesterday, the cause
Of which was u some men had failed TO meet their
checks with Appreciate balances 10 their credit on Ger
tain bank iedgers
II was currentsported that Mr. p. r. Mumford,
gold broker Of Wssreet had failed for large amount
the sum being varsIy stated at from $4,000 all the
way up 70 $4,000 Report, which is occasionally an
unreliable retailer details also circulated an item 10
the effect that Mr. umford had drawn many checks on
Saturday last on ch he had realized and that when
the documents we presented at the counters Of the
banks which tn were drawn the holders had been
politely informed u the drawer had no funds there
with which 70 ,eet them. In fact they we're
''over.drafts," could not be allowed As IL
10 sometimes cuomary in Wall street to allow
certain well-t0 dc deposors, who have good
commercial status nd who are careful and sound, 20
overdraw their Dances, In some cases 70 very high
figure, IL is just pbabe that Mr. Mumford had caicn'
lated upon such stom and made his requsitioDs III
accordance with q rule, having prepared bis way to
meet them when th speculation In hand had been fully
consnmmated. II also possible that the bank, having
decided not TO givsNr Mumforl further accommoda
ton Of this kind dw The rein rather abruptly upon
him. brought mat,rs To crisis before he was ready
and caused him TO lapse Al least the friends Of the
gentleman claim 10 simple case Of failure, and That
he will be able 10 eplan all the facts in satisfactory
manper within fe' days. In one or two instances
whore his gold cb,ks paid or certified the
creditors or banks aging over the funds claim with
equal earDesness th, they do not approve Of the Mum.
Jordan Of btsinng hard cash. They even
hint that IL is highly legal
The public will hsv to make its own deducions from
these eimpIe stascmeas OF rumor and fact. Mr. Num-
ford is in the city wprobably continue to remain here,
and there will bean examination into his affairs by
his creditors and his ,ersonsl friends And he has
few Of both tf
DRAWING FICTITIOUS CBEcKs.
Another fact which elped TO agitate the turbdwatcrs
Of Wall street yeserdp that party by the name o
Francis Timpson bac boen drawing small checks npoT
the Marine Bank FOR ssne time, where he kept no &C
whatever and bd been disposng Of them in pay
ment for bo'ao Eds purhases Of valuable property.
the banks will hereafter be the lookout FOR Nj
Timpson. II he everhad any particular character
business reputation biz late unpardonabe Instances
absence Of mind attaching his autograph to littl
promises to pay Orders upon the Marine Bsnk, wher
he had failed 70 previously make the necessary depos
of greenbacks other currency have certainly robbie
him Of H. and may shsuId be be caught, lead him int
still more serious difidpties.
In this connection tie following card from The cashie
OF fhe Marine Bank eopesin opportuney:-
CAUTION.
MARINR EirrosAL BANK, August II, 1905
The banks and the public generally are hereby eau
toned against receiving checks on this bank drawn BY
Francis nmpson, Of that name has ever kept AZ
scc9Hnt WITH !h's lh.s sssE X pkkAafTsk Cache.
FORGED GOLD CHECKs
when man signs bis neighbor's name 10 note b'
draft OF sight check whout previously having received
the proper legal authority append said signature ih'
law calls It forgery. And the law further makes IL M
oreuce punishable with imprisonment for longer o.
shorter pcriod In the state Psnitentisry st there arr
occasionally found bad men who have become 70 sccus
toned 20 dealing in ideas st second hand md sgnin
other peoples autographs their documents, that the
forget their personality when they come down 70 tn
prosy and everyday Of paying their debts
or pretending 10 pay their debts. case OF this kim
was discovered among the many charges yesterday
Two gold checks for 900 each purporiing TO be cert
hed 10 and signed by Messrs Brockelmann Upger %
were detected and pronounced forgeres rhSsgnature
we're incorrectly spelled, the penmsnship bungipgl
executed aud the wonder that any careful and compe
tent exchange dealer eouc been deceived 20 the
character sfter the most ear.ory examination.
THE CLEANING HOUSE NOT PROTECTION.
II will probably be remembered that not long as
sdro swindlen lled. .tbe gold bags with lead, old iro
and scraps Of copper make them appear genuine IN
worth more than their iplrinsc value a. crculsen
medium warranted To nip this ttIo speculation In n
bud tho wise heads Of the Gold Exchange resolved tb
the Bank Of New York should be converted into clea
ing house. and that checks npon that bank only shou
be called good for delivery. This worked well for SON
time; but yesterday TO the knowledge Of part'
interested that large amounts Of forged paper on Loci
wood 4 Co ana Brockelmann, Unger Co. we're 10 ci
cuiasion The sums stated as high as one huDdrs
and twenty thousand dollars
This added another unpleasant, sensation 10 the day
experience ip the retreat OF the money chsngers
The Board Of Fire Com mrsissioners.
The regular meeting of The Board OF Fire Commi
siones was beld yesterday afternoon, the full Boar
being present
| Communications were received from the CHER Eng
ncer calling attention 10 the case HeDuesse