The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-11
COUNTERFEIT SEVEN THIRTY BONDS,


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Dnngereu, Limitations Of the Enifcd State.
Securities Ia OBSERVATION-DISCLOSURES Two Haa-
drea Thousa I'd Dollars Already Discovered.
some time ago the faith Of the pubic in the inability
OF the connterfeinr fraternity successfully oven
dangerously initiate tho paper securities OF the Unitsd
States shaken by an alarming cable telegram
announcing the discovery of counterfeit bonds Ia
Europe. This announcement, will be remembered
proved to be erroneous. 1t now, however, that
an attempt and highly successful one has been made
to what sxient remains yet to be discovered.
Yesterday Wal! street. viii seen by the de-
tailed account IN our financial column thunder
struck by the announcement that hundreds OF thou
sands OF dollars worth OF bogus seventhrty bonds had
been already palmed OFT on the community. The issue
purpor.ed to be that OF Juno. 1885, and the denom-
nation 81, 600
The chief clerk of the Treasury in Washington was
the FIRST to make e discovery. Yesterday OF the
officials OF that department. together with United
states detective arrived this city and communicated
the facts TO Assistant Treasurer Van Dyck who mmed
atey impaired the information the and other
institutions dealing in United States securitiea
The detectives are at work endeavoring ferret GUS
the of the counterfeit The specimens received
Washington from the West, but how long they
have been circulation 1t impossible to
ascertain their execution is most perfect imitation
ahe genuine and their transit from hand hand
therefore been unattended with any suspicion 70 their
gcnusncaess.
The points OF difference quite remarkable whom the
spurious boud compared directly with the 6d.
ss1esIhe former being from oneeighth to quarter Of
inch longer The seal Of the counterfeit is also much
larger while the lahe work on the edge is compaSs-
lively coarse
Nearly two hundred thousand dollars worth Of the
spurious bonds have been already discovered among the
md mo MIL of cit
most Of which, far be traced from Pitts.
burg, Cleveland, Springfield and other Western cities
Further search will bly, lead to the discovery that
millions OF dollars worth of these counterfeit securities
are in the pc Of the community. The detec-
tives are quito fault to their origin SO carefully
skifuy did the operators mature and perfect their
plans.
The detectives still at work Probably the revela.
tons OF to-day viii enable them to obtain clue
the source Of so astounding fraud upon the people.
The Discovery Of the CeuIterfeit mt Wash.
ington-How II Was NIade-Resuits of nm
Exusninmt ion-Reported victimization Of
Leading Now York Bankers.
WASHINGTON, Oct. TO- 1851.
Considerable excitement has prevailed tho Treasury
Department for several days pas. on account or the
discovery Of the counterfetng Of United States
bonds Seventy thousand dollars in we'll
cuted counterfeit seven-thrty bonds Of the
second series, due June, 1868, OF the thousand
dollar denomination had been presented at the Treasury
Department for redemption All Of them were either OF
the or SERIES ranging within the following named
thousands viz-8s 900. 14o Ooo I6o 900 aud 10000.
The result OF the examination, ordered by the 60
cor OF the Treasury, is rshe seal Is slightly larger
than the genuine the red ink with which is stamped
Is a shade lighter and the points projecting from
the seal are blurred and . little longer
tha
the bottom or the face Of the bond b
set different the margin there being space given
1t than 10 the genune third, the borders OF the cou
pons which attached to the counterfeit bonds are
larger while the red figures finer than in the geuu
ne fourth borders Of the ornamental lathe work
blurred and somewhat inderentiy executed; nth.
fgures denotng the bond slightly uneven while
blue ink in which they printed is duiler blue.
and lacks the metallic glossy appearance Of the genu-
inc; SIXTH there rs, the experts, difference in the
vignstte-the female figure on tho face OF the bond
the lines are well shaded. the black ink
we'll distributed.
The counterfeit is regarded Of the most danger
Gus that has yet been executed 1t declared 90 be
peror to the counterfeit $500 greenbacks which were
engraved by Uhlric the plates OF which Colonel Wood
has now in the Detective department at the Treasury,
while Uhlric is in prison.
The Eu ming Erpres says over sixty thousand dol
the Treasury Department for redemption by
such banking houses in New York Messrs. Jay
Cooke 4 Co., vermilys Co., Fisk Hatch and others.
yermilye Co are the heaviest losers so far
ported All these bonds destroyed, and the bankers
sending them credited with them, that tho
loses nothing while the bankers and brokers
suffer- II they cannot 60 back on the parties from whom
they purchased the counterfeit bonds This morning
Hon. F. Z. Spinner, Treasurer, made thorough in
| specon OF the bonds and pronounced them counter
felt The letter f. of General Spinner's signature is
very mperfsst, and detected by him In his
inspection OF the bonds Mr. Henry D. Cooke. the resi-
dent partner In this city Of the firm Of Jay Cooke Co..
announces the Philadelphia and washineton houses
Of their firm have received any OF tho bonds while
those received by their New York house from
sponsibe parties and that their loss will DO Compare
lively small.
Information received this morning BY officials In the
Treasury Department. announces that the counterfeie
bonds have been scattered freely through the banker
and brokers Offices Of New York. while it is ais,
thought that the coun,srfes have found Shsrr was
the large Western cities