The New York herald., 1866-07-13

| A Novel Why or Doing Basinsss-AIieged
Gigantic Fra ad.-FAise Certificates OF
Deposit Issued-wan street Again 4.
the Ring-Merchanisa and Business Men
Generally Dcfrauded or Thousands or
Dollars, &c.
Tho particulars Of grand swinde pcrpetraicd by
Now Jersey bank have light within tho past fcw
days Owing TO the peculiar features of this swlnde
and order tha, inpedImcnt may bo thrown In tho
path OF Justice the OF the bark and the impl
Gated parties will not be mentioned for the present In
few days however the whole details viii bc laid be.
foro the public. Tho facts related BY gentleman
who has been the of hundreds Of
dollars, as follows
On other side of the water in town famed for iager
beer and green nelds there IL hank which has been In
existencs for years II appears that this bank
has bcch organized under principle sik % take
In money Of all kinds and countries but never In any
protence 10 pay out with thls original financial basis
tho Jersey bank started on prosperous career Gentle
men were employed who did much ror their
consciences and who could pausbly and good
stories as 10 tho n0urshng condition Of tho bank
Eegan, and commoiious onices provided, pigeon
holes safes and clerks placed around 81 rss with Ions
hair well dressed and eapacious qalN their earr
had very imposing effect upon visitors and thus tho
machinery of the bank formally opened Whether
operntions hereinafter described Immediately com
mencci after oIenny docs appear thH
ccssfa nnanc al operaions % later have fully
made up for any lost time When ~ how these latter
operations commenced docs oiearly aprrar
the nature and object Of them - quite apparent The
buZnees community has been made 70 suffer and that
Is Thought, quite severely. And now for the pD-ian
opvnnd
and male payable Al thirty Or hiry days Lfer date u
q clear epongh that thees o~rtncaias could h. ~ no
earthly benefit V anybody when no lpo~lts
hand 70 sAsfy them. but nevertheless, lmucd thay
were and amount Il stated ~ some hundreds -
Thousands of dollars, In various Him4 Aooompalcea u
the bank received these oerthca.a and purchased With
them good. of every description -eyorsi merchants
who received the csrncates before transferring ther
goods % tho frAadalent parchasor, % ihe
bank and male inquiries their VALIDITY, when ne
cashier Informed them that thsv perfectly good
bal on being second time presented the crrshcate~ 10
The utter astonisbmcnt - The hodsnl protested
One gentleman, who uausacts bpspsa 10 Fntop street
leeocr. was recently svindled to the amount ~
four hundred and nfy dollars a caris nto tm
few days since aud aAed several Watches
for which be prsanied caracaio of dapoa', this
now celebrated institution IN payment = which Tho ~.
l0wing i copy -
9~~,,,,,,,s s,,,>',,,,s,,
$40 -. - hass ! > June y. -
stamp ~ fodf banar.a 80 afy n.rs p,yasls las
IL - relafn 81 this onEnAl osfueoass pnp
,ssss>s>ssss>>s,t
Tlis ocr,iAcAic ~ duly udorsed on tbe hack vllh
The ~ James YOrng. together with t8o an.ouu,
-four hundred aud Afiy dollars
Eo beng afqgAined vith ne pufshaser The bank
and make inquiries ~ The Fdlty of The payer THIS
he accordingly did when The cashier nfofu ~ him that
IL al right ~ then returred - hla place ~
bunnes. II Ne~ YorF, ana aio-sa tbs rsrrhsssr
70 take asay tho psbhes sboruy amer b. ags.
went o. the bank and Askef - have ths serla.
cate discounted The cashier VERY n4ndF III
formed him that Is would have 20 ~ slbtatiei
the directors ~ their c9nsdcraton fs iqser. -
uss a popular phrase, bfgan - smell smAli-slksd
mice and sent = another tank "a the vtnty n
search ~ information she status ~ nufnhsy
one ~ there the Ffrmlieni ulo taid blm that
there something fbush ahglt uahk Dunbsf aud
thai ~ operation. of such sbAraci~g nsss
rally rtars hoax aanteri to- or s0rshy friend ste
eweIer wlihffes having many mssislnrs aos
b. SeN York secgpd TINE, shsfe be sscsrtAibed tEe
aud place ~ business a TIE Nlrs pre- dent -
nunfer one T. ~ 0rre h. asoufflngiy r,fAfef fhe
certfeats u as,ssii ff $40 lsa hefors ths
pre- ceat xhen Il aiegsi ~ tnfnei psis snf sr,s1
10 very nefg0us T1e gfse'ief atpisnef his
vlsi The yos prssde11 risfs nyoe r.fnbllax ststs.
gonx mo laadaton o. siro sctasiiy SkrD-.
isdx@a uat Nf Jane. roYng never asI.sit
"a ona dollar IN bsat Bami-f uss thas W.
tnafy troyrs ths ssstsdis shxh waA beisx p~rU~
fassa gr0n tts f1n4fsHntr The fsrsef nov dearly
sav vh.t long ssspsessd itsi ~ sod-thsi ~
foaf hundred MI nfty foA1 sAa Anl0sg ~ tbinss
that wsge NJ. tbefseeou gave ofofmstoo - t1rerirs
tsDdenl warm ~ the flrs tbsaraboe and Nsfeanns
~ the xhse arer ADi wbs wishes sil vetfss u tss
alleged frAsi 10 ~ss ussir Sfdfe~ inmsd st~iy Thss
rAnts the Whole unsttss - pfss-ni
70 shai th. ffs1d has been rynrtssa " a..
T>assis - rfssse y Nsssr~fn nsSnsy brgssr 10 ts
cty thsa bs osDsd shyai thfss sssss sFs 4 cs.
aaefAbls ssm m0psI ~ . Ml n ~Aisbss obtAlssd
by u swas 0ed6eAts ~ datyasii afd kro~lng
thAt the satcs~ ~yua ~ rrsssrss5 ~ sa ihsui
Hs $40 stta@ ru - syriied " f09 a4vsDf~ ~
Va n pspos ytalns1 In q similar wny Ths Snne~ys n
sa.sfssi lss,stoe.