The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-12


in that the Of constitutional rights and
liberties be defeated We pledge ourselves e ds S a.
:psSs 81 Tor any asfss. - nay %ss.
for their noble defence Il our ctens IN protect
ing them from an INSCRIPTIONS and partisan EHcise So.u
chair.
THR COVNTERFElT sEvIN-THRTIEs.
--~c~~~~~~~>~~~~~->->~~
Curious Scenes In Wall 6srees-Extens Of tho
Fraud-Opini0ns Of Leading Bankers-Pri-
vale Holders Alarmed-Couuserfcit Ceupons
Redee med-E6ect ON the Marketed escrip-
tion Of the Connterfeits. asa IS.
The excitement attendant the receipt Of intelligence
TO the circulation Of spurious ssvenhrty bonds con-
nued undated up TO tho last moment Of business hours
yesterday and the oces OF bankers brokers and dealers
in government securities throngsd by persons anx.
ous learn the character Of the bonds In their posses
son and ASCERTAIN whether not they were forgsres,
as we'll ~ to see what difference there existed between
the true bond and the bogus one There was scarcely
bank in and around Wall street that not crowded,
and the services OF experts were continually called
into reputation by uneasy persons who dreaded that
they had imposed upon and accepted the counter
feits ~ genuine Money scarcely ever seemed more
plenty, and at every corner, on every doorstep,
in every hall and In al the Offices thousand
dollar bonds 70 be seen, held carelessly IN the
seemed tu0m
with little attention ~ during the war time whom
Shoddy and Poverty, the rogue and tho honest man,
changed greenuacks and flung the small stamps 70 the
wind Il very evident thai the holders losing
confidence in the government or ct least that depart
ment Of il having charge Of the public funds and mon
that too panly proved the doubts they en-
tertansd their real value That the Treasury Depart
men, had been grossly msmanaged al admitted, and
many charged officials with something worse but that
fraud OF such magnitude should be skfuily planned,
SO we'll carried out and the bogus bonds thrown SO
that took everybody by surprise led many doubt
that the alleged counter cit bonds were really "bogus
DIFFICULTY or IMITATION
In previous articles In the HERALD attention has been
call 70 the many devices resoed TO by counterfeters
to obtain fac Smiles Of genuine notes and bonds and
exposes made OF the course pursued by some OF the
successful and the ceverest forgers in making
these copies and in "shoving" the issues on the
country; but it TO have done good whatever,
and the treasury remained careless about the safety OF
It's dies did and yet does about the enormous frauds
perpe'rated in the Installation and sale Of whiskey
These dies have cost the country an immense sum OF
money! sum sufficient to place their imitation beyond
the reach or parties unprovded with large amount OF
money, and which amount would risk unless they
had guarantee and certainty Of success. The dies
kept the safe keeping of the Treasury and
the grea the be bestowed safe keeping
and to-day learn that after all his outlay despite
all this care, and notwithstanding the importance Of
tho issue, treasury has fooled by clever
rogues and bonds Of the highest value and amounting
to figure OF the maensude Of which there cannot yet
be formed an estimate, have been thrown on the
country and has the imitation been that they
been received as genuine by such banker. as jay
Cooke TO, vermilye Co., Fisk Hatch and other
eminent brokers, men than whom there can be no
judges Of tho currency and government securities
ARR BONDS REALLY COUNTERFEIT
the quest which many persons asked each other
yesterday. Experts said they were OF Shrswd
business them closely and shook their
heads in doubt Bankers and brokers refused 70 give
Close and perfect was the imitation Men asked, hold.
ing their thousand thousand dollar bond In hand,
is this money or rs IL notf Is i waste papes or Is u
tor ha m
could decided answer be given them. And this doubt
and uncertainty became general and tongues began 70
have their sway and doubts were expressed as TO the
honesty Of the Treasury in declaring the existence
of counterfets Opinions were various and
sse in ,a au language while others were more
violent; some gave vent TO wild ideas and others
Cured IN blaming the Treasury, many went far
10 say that the cry OF counterfeit was the first
o. OF .nM ~ me ~srs
certain officials These statements assertions may be
aAen for their value, but they were certainly uttered
the street yesterday and brought forth the relation Of
many queer about the conducting Of the national
banks which, for the safety OF those In power 1t we're
anxious TO know by what means certain ofncals 10
Washington enabled TO become suddenly rich and
wealthy small incomes, but none could give satis
factory answer; probably the bonds could.
PERFECT INITIATION.
The bonds said to be counterfeit are the most perfect
s made as n y Bear e e and
are no. bu. have been printed from pIases
stolen from the government This 10 not At all unlikely,
would be Impossible had the officials OF the Treasury
enforced a espionage by responsible and trust
worthy persons over the Printing Bureau at Washington
One thing u which there can DO doubt that the
counteriestbat admitting them to be such-arc
well printed and engraved the genuine bonds, and
initiated perfectly enough TO allow them 10 DO circulated
shrewdest bankers and only now, when the harm,
II he SUCH DONE tina. the secretary OF the Treasury
comes out with description OF the difference between
the genuine and the So called bogus bonds
THR psscroS RErwEES GENUINE AND COUNTERFEIT BONDS
The genuine bonds arc printed IN sheets OF four from
at least three and perhaps four sets OF plates These
sets are designated by letters smaller than tbs letters
designating the bonds For instance. q bond will be
found to bear the upper night hand corner just
above the red seal, the letter A. and Immediately
or and ~ I'M me pa,e tbs letter se :, ,se
right side OF the large letter The countereits 40 far
discovered are the A and plates. Those parties
who have bonds printed the plates may feel COM
paravey certain that they are genuine This expana-
tion TO show with what consummate skill and daring
the counterfeers must have pursued their business
They must have been well skilled in the en-
gravcr's art, for they have produced bonds which
have escaped detection in the hands OF the most
were they content with counterfeting
plate Of our notes. but they made two plates and from
and which they have thoroughly circulated through
out the country As before stated there exists variety
OF opinions at present the subject but Is only fair
here mention that tho American Bank Note Company
have pronounced the bonds presented TO them for In
spection as counterfes, though OF first rate kind
The Collector OF treasury states that the red seal
Is larger IN the counterfeit than Is in the genuine and
on close examination u found that
the same size on the counterfeit bond II 10 the
legal tender notes, from which the operators doubtless
copied. There are II 10 said, many other points OF diff
ference between the which examiners can.
not fail to noiicc
PROBABILITY COUNTERFEIT COUPONS HAVING BEEN
II is by means improbable that the Treasury De-
parmen has paid tho June coupons these counterfeit
notes. aud very likely tho coupons due the previous
dates Examinations being made il this has
been DONE aud the result Will show At what timo they
were manufactured should they have been made and
issued before last June the presentation Of the duplicate
numbered coupons will show II, and II made after that
date the fact will be at once disclosed.
FROM
The bankers and brokers OF this city do seem TO
be at all excited the matter and apparently take
IL very cooy; is the private holders only who show
any uneasiness and who were orowding tho banking