The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-14
THE ALLEGED BANKING FRAUD.

hoixen, New Jersey-ssSre Victims Dis
leovsred-Great ExcitenAsnt in Wall
Street.-The Market Reported 10 be
Flooded With Worthless Paper-HOw
Money IL Raised ON Acceptances-Ar-
rest or the vfce-Prest6ent Of the Banl II
And an Alleged Accomplfce-They Are
Arraignsd Before Justice Dodge and
Committed for Examination, dc.
The affair OF the Jersey bank is still the general topic
OF conversation In money circles As stated yes.
tsrdays issue that Mr. J. W. warrin Superintendent OF
the Fire Insurance and Mercantile Detective Agency.
No. 0S Broadway, who has the matter In
charge has most vigorously pushed his investi-
cations, and daily gaining more important
Information. To give little insight into the plan OF
operations the following given as among some OF tho
Facts elected Worthless notes. bonds stocks &c &c
are taken to tho bank and certificates of deposit bearing
interest IN some cases at four cent and having
"0n'y 20 sixty days to run, are issued and by the par
ses receiving them are sometimes disposed Of through
innocent parties in purchasing real estate and any pro-
perry that can be converted readily into cash.
gentleman on the west side Of the city was a latc
vctm The operators bought all his property consist
aug OF valuable houses improved estate in bust
meas neighborhood where he was doing lucrative
business Meeting he supposed, with good offer. he
agreed TO sell ON and take in payment certificates OF de-
gosit on the bank question amounting In all 10 as 500
Ils Icases wsre handed over to the parties pur
cnasng n the presence OF Witnesses II being distinctly
Understood that the sale perfected until the fact
Of the coriica being all right had been asceraned at
the bank Much haste exhib ted having the papers
Immediately rec rded-one of the parties actually run
ming at full speed in order to arrive at the Registers
once IN time They entered before the victim had
opportunity visit the bang or course he found TINT
Tue paper was worthless the person in charge the
banking ONCE say ng that the institution had collapsed
Oh all ne possessed and is taking such steps will
eventuate IN justice being done him as we'll the
operators.
5tates that about three weeks ago firm In Cambridge
Mass, carriage Manufacturers received visit from an
individual calling himself Holt who anxious to
purchase some carriages for friend OF his by The name
OF Wilson The carriages were selected and draft
and accepted b. the Wee President Of Tie bank aas
offered IL payment despatch Immediately sou,
to h the Wee President asking him 4 i was az right to
whcn 1s answered that y was reriecty g. Hol .ss
extremely anxious 10 bel the carriages sl once 50 that
he could ship item 10 Portland rs his friend there had
partially disposed O N m Holt sent for them and
tho firm felt as though ~ was right untl within |
Two days after the sao when they espied ono q We car
rsges on tho road. which caused lheh e st~o efes
Of inquiries, when they found out how bea1i uy they
had been deceived Ibis carriage they rcpleynel shty
found other carriages In various stables which they o
repevned Holt is still large say ne that tha draft
perfectly good, and when due IL will be paid. /
~ a. Dyer, who goes with this individual Holt, IL re-
ported 70 have any quantity Of notes i've q whiaA fog
above reaed he succeeded in passing OF to he executor
Of W Ladd Riano.r,e n manalss'urer Of ion
Holt's" Wanted them haste, to send ~ nc port
land steamer that night subsequently foar Of The !
pianos found in pawn shon and the others u tie
hands OF parties In Boston Dyer been ar.
rested, but Is now out on bail.
THH BOSTON CASE.
Tho latter case taken before Judge Wright OF |
Boston. and q whole day occupied tic
tion. the complainant John Wallace against Nathan
n. j. and Charles Wright Of Newark, \. charging |
them with cheating Mrs Mary Laid, admiDistrstrix
SasosOrses BY falsely representing that setr Iran
- which tho following copy was perfectly good and
genuine
1900. 1900 ., 49,. i s.w . xoas: ny e lsss
Thousand dollars rsssi,rd oharsc
70 Nor,i Rssr sa "oS'l iiobossn, New Jersey
Across the face OF the dran were tho words =. Coed
May 10. 1859. g. W. Chadwick, Vice Prcsiden, Ana |
On the back Of the draft was the following endr euca
Mr. Wallace alleges that the parties vstei piano.
forte establishment Of thu late A. W. Ladd, 2e1 Wash
ington street on the day In question, and stated MAT
pianos and oiered tho above draft in payment which
they said was good and genuine and Of the e OF aye
thousand dollars by means o. this allcg.d taiss pre-
lars were delivered TO tho parties by Waare who
eiams that the draft was not good and gennue and TO
fess ''''''' ''''''a ana d'''u''' tho estate = =
II appeared in evidence that the ssiesman ,eegaphed
answer seemed satisfied that It good se-usnty
he became suspicious Of the draft Tried 10 dispose o D.
person who worked IN the es,ablishueut testified
that the pianos (which had been purchased, alleged
me SachSurs dep l., BY direciioa o. Dysr ana soon
after three Of them conveyed from 10 Ens
,ss r sno I pa res s a soap L.
were taken away In another direction.
Anumber Of witnesses examined. John wsy,
testified that he bought four Of the pianos AZ jas
per Ferdiuanfs store on or about the day ey we're
takcn to the Fitchburg dap l.
that he proposed 10 show that this Chadwick
gagged gigantic swndie by endorsing these notes of
persons position and standing and pcaiing them
freely he had endorsed thcm to the amount ~
hundreds Of thousands OF dollars and that DJar oas
engaged with him In the business
Justice Wright informed him that he had nov io prove
tho charges set forth IN the warrant
John q. Park, who appeared for Dyar, - ,hat
the draft was not maturnd, and he satisfied tasi
when u was II would be paid The man had - r.gh.
ened without any cause, and he did not believe There
The court reserved decision whether q order
tho defendant Dyar only being presen TO rec2suts .
appear Superior Court for trial In llc maiiiue
Mr. Dyar Is under 90, 900 bonds for his appearance
ssw WAY or PAYING psnrs.
merchant Of this city Was recently VISITED by I.i
already the merchants ind ecdncss 20 the amount q
q 100 He called 20 Sc 4 the merchant wcnii i.se
msrchan, replied ycs, whercIpon certificate Of D..
pont. dated June %. thlrty days to run, ~,
order Of W. y Collins, duly endorsed, was PRO. |
duosd, AZ the same time Bower requesting On OK ~
ns two Sand ,ss ssr any ssa 70 ct part q an
old debt back and not Undertaking the nature o. the
bark 7, MAKE sure sy sssd ws ssr y sS
bank yea" the reply. AN rgmf thought |
the reprcs NATIVE Of tho hrm This Transaction nav
ug occurred on q Saturday afternoon Monday this
REPRESENTATIVE took stroll 20 Hoboken and In hs search
discovered the President, who was connected with
She concern during It's legitimate and substantial days
when the inquiry put 20 him tue signature Of Per
kius was q genuine one Eyes" was the reply.
Now for Perkins himself Upon entering the uank
L. eeplcd Mr. Perklus and asked him u that wac bis
ssusture yea sr SAID he us the certificate good
ssfoe and know the money deposited In the safe
Turning and looking into tho safe but would Ike TO
est the books from the Vice President who has
Shsm Vail street. and would then be sure nat noihing
seuslcman know This he never did
A TEN THOUSAND DOLLAR DRAFT
Among other transactions draft for ten thousand
doIiarx has Of city banks the same
having been received from drovss in Western state
II vas by the bank receiving " 10 national bank
mar the lssulng for collecton but rptnrned un