The New York herald., 1865-03-13
INSIDE VIEW OF FANCY STOCKS.
How the Public are Swindled-BrOlxer ers'
s'Scratched Sales"-ImpOrtant DisclO-
surcs. Sc.

surcs, &c.
From tho Boston Traveller, March ~
The report Of Henry X. Oliver and Levi Reed Commis
soners OF Corporation Tax, recently made to the State
Senate contains facts Of interest TO persons deal
ing in what termed s'fancy stocks" The commits
soners had assessed the tax coal and mining
Mes required by law basing their estimates OF the
cash market value OF the stocks in many cases. upon
publish cd notices OF sales at the stock board Some OF
these companies asked for hearing that there might
be reduction OF the amount assessed and hearing
granted when evidence presented In reference to
some of the companies as follows
Albert Case, Treasurer Of the American Gold hin ng
Company, which had quoted at 1861 reported that
few shares of the stock had been sold at twenty five
cents share on the ist OF May but no stock had been
reported to have taken place at the brokers' board in
April 'wers mere quotations The sales were not real,
and stock thus reported sold transferred paid
for" James Foley made oath that the reported salss
s'what brokers term scratched sales and that
Mr. Case obtained 100 900 shares at twenty cents per
shar,.
The Atlantic Gold Mining Company had been quoted ut
81 S7H S. and Charles Barrett deposed that agree
ment was made among the stockholders not TO sell
their shares for certain time, with Wow
of allowing member OF the board to dis
pose Of twenty thousand shares by sale at said
board, and thus give the stock market value; that
under this agreement efforts made, he believes
by said to sell some OF said shares OF stock and
the stock quoted days at two dollars per
share but he believes sales made and that the
stock worth than twenty five cents Isaac
s. Morse deposed as follows:-
l. Isaac s. Morse, oath depose and say that have
been connected with the company called the Atlantic
G,ld Mining Company sin n-c its organization That SONS
month since, as am informed and believe there
effort made by the parties interested in the stock Of said
company to obtain the signatures OF all the of
stock in said company 70 agreement not TO sell in
transfer, their stock for sixty days, with view of allow
ing member of the brokers' board to dispose
thousand shares Of the stock Of said company by snos
from time time said board thus give the stock
market value. That under this agr ement efforts were
as am informed, and believe, made by said broker 70
sell some of said shares and he stock quoted
somo days at two dollars per SHARE and in
higher rate when, have lcve no sales
in fact made That had nothing to do with the
aforesaid transaction, further than sign said agree
ment when requested to do. That the aforesaid
broker gave as am informed and believe Hfty cents
per share for ten thousand shares the condition that
all the stock owned by him should be kept from
market That from my knowledge Of tho condition
OF the affairs OF said company tho first day OF May last
do not believe that the said stock In said company
worth more than twenty-five cents per share do
believe there has been any day since when said stock
worth in the market much as twenty five cents per
share The property owned by said company Is believed
to be Of considerable value but the company cmbar
rssed for want of cash capital TO prosecute its business
and do not believe that the stock would now bring in
the market as much as ten cents per share.
know OF actual sales OF the stock Of said company
for moro than fifty cents per share.
James DANA OF Charcstown one Of the largest share
holders deposes that he sold two thousand shares
April for fifty cents bat he doubts whether they would
have brought twenty 1--WE cents at auction.
Albert Case, Treasurer Of the Bronze Mining Company
quoeat 81 reported that prior to the 1st Of May, he
endeavored to sell at thirty share but could not
find purchasers
Company, and James Foley deposed that they offered
Of the stock for sale at the brokers' board was
reported sold at different times but the sales nc
titious.
Gustavus Farley, Treasurer Of The Champlan Copper
Mining Company deposed that quotations made at the
brokers' board Of that stock for the weeks prior
the LIST Of May were fictitious sales.
T. D. Bell, President and other officers Of the Chatham
shas tho stock o
fictitious, and that the cash market value not
than ten cents.
BENZ r. Martin, President Of the Coaibrook Mining
Company, deposcd that the gentlemen composing the
company had advanced ten dollars per shar' bat had
the stock could be sold for dollar per share Should
the company succeed In making the undertaking prota-
bic they would cheerfuy pay assessments made by the
X M Girey Treasurer Of the Chebucto Gold Mining
Company quoted at 81 16 certified that the stock
worth over seventy 1--WE cents and the quotations
made at the brokers' board In April did not represent
the true market value OF the stocks
W. NJ Parker, President Of the Colonial Gold Company,
deposed that OF the stocks put the
board last spring. and fictitious quotations obtained
and reported as high nine cents, with view OF
influencing immediate sale OF the stock, but real sales
being made at the time at twenty cents In
July he was willing 70 sell any amount for less than ten
cents
Matthew Cox, Director Of the Colorado Gold Mining
Company, and other ofcers testified that the stocks
quoted at - 80 per share would have brought
than 70 ~ forced sale Of 1000 to TO- 600 shares
A. b. Ely the absence of the treasurer Of the follow
ing Mining Companes-Coonial Gold, Lafayette quoted
at twenty eight centsl Glencoe Dayton and Roscoe re-
ports that only the Glencoe had any substantial value
the lst Of May and the value Of that only twenty
sight W. NJ Parker, President Of the Dayton Mining
Company, would engage deliver certificates $40 600
Lneas Waite tesed that the value Of the stock Of
the Grand Trunk Copper Mining Company dollar
per share and that the reported sales in April one
dollar and twelve and half cents 10 dollar and
seventy-nve cents, were not actual sales.
0nicers Of the Green Mountain Mining Company re-
ported that about the LIST OF May the market Of the
stock was two dollars and ty cents and that the quota
tons OF sales as reported did not represent actual sales
70 any considerable extent John H Chadwick Prssi-
dnn fhA oalAa noIo tha hrAl
mostly quotations BY outside parties made for their
private purposes, as matter Of speculation; and that
the company SUCH had nothing 70 do with such sales
and quotations.
The officers Of the Kent Gold Mining Company quoted
at thirty cents declare that the reported sales ct
tous and that the stock not worth than ten
cents.
John B. Goodrich, J. N Brown, Joseph H. Bragdon
and Severance severay deposed that Logan Copper
stocks quoted dollar and ve cents to two
dollars, were selling in large los at fifty cents
A. B. Ely reported that he thought the stock Of the
Mahanoy Coal Company, quoted at seventeen dollars
and fifty cents worth anything and that the in
vestment would prove total loss.
Shares OF the Newton Mining Company were quoted
at thirty cents while real sales April at six
G clinton Beers, President and Augustus Merrick,
one Of the directors Of the National Lead Mining Com
company either Of tho brokers' boards In Boston,
were mere quotations; that there actual
sale at either Of the boards OF said stock that the high
est cash price received for any OF said stock
cents per share for thousand shares this
last past that about that day the stockholders
entered into stipulation not 10 sell any OF said stock for
term OF thirty days on account Of the downward ten
dency In the stock market that during said term there
were no sales Of said stock that the quotations OF said
stock were made for the purpose Of keeping the
before the public that at the expiration Of the said term
Of thirty days the said stock sold for prices ringing from
two cents 70 ten cent. only few sellers getting
three or four cents for ther stock
A. D Lamson stated that shares OF the Oxford Plum
bago Mining Company, quoted at thirty conts sell
ing AZ from fourteen 70 twenty two cents VIM, Eamcs
stated that the reported sale al thirty cents merely
quotation
straford copper stock quoted at two dollars and nifty
cents could not have sold for than dollar and
nifty cents
Owners Of stock in tho waterloo Mining Company,
quoted Al dollar and ty cens depcfed that they
would have been glad 70 sell at twenty-five cents
Coroner's 1nquests.
TArAL BrRnEo CAsuALnxs About seven O'Clock on
Saturday evening" lad named John Wood, who resided
NJ No 30 Frankfort street. terribly burned by hs
clothes accidentally taking FIRE that be died some hours
subsequently In the New York Hospital whittier he had