New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-07-24
Another Alleged Oil Bnbble-A New-Xorh
Operstsr Defranded to the Amount OF
sJ,sOO-Arress Of the Alleged swinaier
His Hearing before the Magistrate.

Capt. Jourdan of the Sixth Precinct Oh Sa.ur-
day arrested Frederick A. Howe resident ~ Mend
vile. Crawford County, Pa, on the complaint oil bir
Nathaniel Sheldon Of No. "a Remsem ST., Brooklyn
who does business in this city, Ike states that III Ath
last the accused by false representations. Induced I'm
place In hs hnnds - 500 FOR tie pnrpo'e OF nvesli
in the purchase Of trot Of land located 10 Forest
c sanSs esr aGaa af Timber snd in addition vs.. in
the niyed ate vicinity OF valuable OIL lands lie added
that company gagged in SINKING three wells on
the land having already reached depth Of 200 feet in
their serTc ior OIL lie charges that these representa-
toa. were ise and fraudulent, having 80 escertaned
from pero'a al Inspection The following Is the affidavit
cf tie complainant.
N.tlanit. Il. Sheldon OF No "a Reiisens... Brook
lvp testified tat FreleTich 4. Howe the month o.
March, IL this year urged this deponeAt 10 become the
purchaser Of an interest in tract o; land called the
lowe Tract. stusted In Forest County, Pa end also
requested ths d-ponent 10 meke him said Howe his
Uts depouonts) scent TO make SAID purchase; that In
order Ia induce this drQonent 10 iufnl5h l I'm iunds
~ effect such purchase. MS SAID Howe alleged, sad
Howe Of toe said City of NevYors. on or about the
I4h Of March ia this year. represented To this depo
pOnent that be- said Lowe. had NJ one tine owned tie
whole of said tract % land that he hed been over tie
Iropery frequently. ard knew ia situation End condi.
lion that there were from 2pD co.. 10 JOuN0 iect of
lumber Of cherry and pine for every loo ceres besLc
the hcr.ocs and that there were 1t hat TINE three
q. well. being sunk on the property by Eocnea-
ter coiupany who had bored the land Tor oil pur-
poses aLi that tie wells were down about two hand
red feet and that on lis wny to Nelofk he he'd pur'
chased three other engines for TIE Rochester company,
Qhe sail Howe meaning steam engines to sink els Tor
thc parposo OF finding OLD; that there were large coal
ard mines the property; that tre coal Le was
open end being used for becksmi.hs forge on the
proucrty HAT the coal mad been usen FOR yeafs &C.
ponont fur Der saJs that he believed raid statements
ard representations 10 be ne At tie time irey were
MADE md relying thereon, lie delivered Ia .aid Howe
nj sid iime s. $50 of the money OF ills deToen; thar
said Howe effected purchase Tor Ibis depo
nent OF small interest, to Wit; onebrfy second undi.
vdcd share in said property, which was purchased ior
the ST. o. $3.50; that II ths latter tbs deponcnt
paid 81 600 on being drawn upon for said sum- that
said Howe also PAID 500 for this deponcIt upon
another contract; ceponent further says tnnt IN
tho iast part Of May OF the Inst part oi June III
this year he went said tIect of land, and from per.
sonal inspection and observation fond and al his own
know lea &c now says that there was no cherry wood
upon the property and lumber pino there 81 any de
scrip On the only kind Of pine there being scrub pine
unit. for sale or use that there were coal or iron
mines upon sail property; that there was one engine
IN the property at tie time deponent was there but tie
was bot ready for work that there we're no
wells np0n thv property rs stated Dy said Howe. hni
depon t las subsequently nscer lned rUm asIa,e1rht
In writing q said Howe 10 said Rochester Company
that sa,u Howe had nos purchased any engine Ia DO
used on raid property iu sinking oil wells depOnen
therefore says that each statement ard reIrese NATION
az snl Howe in reference to these matters was entirely
false and tDat said Howe knew eash Of them 10 he
false that since this depoDen. discovered said repre-
rentations to be false he demanded Of said Howe the
balance Of money remaining IN said Ho"es HANDS Of
the moneys of this depoucnf, but said Hove has refused
10 return the same or any part thtreoto mis- up0Den
d.pOncnt therefore charges that shd Howe feionorsy
and knowingly obtained from this deponent win intent
TO defrlud by means Of false preensos, Tie sad $500
of the moneys Of this deponent.
On this affidavit, Justice Downing required the ac
cu,ed ipd bail in the sum Of g. Geo a. answer the
complaint. Mr.. Goteib Rosenb.att OF No. 10 Clarl.
bers-st became his snrety for that amount.