The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-14

tue lOllOWln3 named nrms nave l0aneu money OH
altered bonds to the amounts set opposite their
names:--
Howes h Macy SIS, 900
Brown LOverdge.. lO,0oO
vermilye Of, 600
Mechanics, Bank. 80 600
Coleman Benedict. $4,000
EVEN Co........ zo'0oO
ncOII. oO,Uoo
JuStu.. 4O,UUu
1t Is fully expected that when the full extent Of
the forgeries is known the losses to eube brokers
VIII exceed the respectable sum OF $500 600.
JAY COOKE AND GREY co.
The firm OF Jay Cooke Co. was, It seems too
sharp TO be taken In by the brilliant nnanciers who
engineered this business Some time since number
OF stolen registered bonds were presented to them
for sale by an enterprisng broker. Jay Cooke Co.
purchased them; but scenting the game hunted up
Mr.. Grey, the party VINO Is now charged with the
management Of this latest Wall street sensation and
had the bonds redeemed. OF course Mr. Grey was
promptly arrested the whole affair was investigated
and the guilty parties sent 10 prison. Not much /
Gentlemen on both sides declared that their honor
was satisfied, and SO the matter ended.
Mr.. GREY AND Mr.. PRATT
Inquiry was made on the street yesterday to the
stanaing and antecedents Of these smart men, Grey
Co., ana much speculation was INDUCED In as to
the place where they got their nne financial educa-
svus oh ntkCCs MoSt peUpiC edu3 Dut VIII etTccL
operators smart as they are, rarely skin the street
20 ceverly as did Grey Co. Bankers poked bankers
In the ribs joculary-the unbitten bankers did
brokers chuckled she question and slim clerks
peeped from behind their desks ana cages and
chafYed one another about the antecedents OF Grey
and Pratt all day long. Towards evening rumor pre-
vailed that Mr.. Grey had graduated in washington,
and then speculation got fresh start and every
body wanted to know who was the brilliant young
mans financial papa. For Pratt nobody cared, for
the reason probably that everybody knew that ne
was a creature OF Grey. So much for Pratt.
BIG START.
Before the offlces closed down town 1t was dts
covered that William Il. Pratt was the son Of the
Rev. Pratt chaplain Of the United states Senate
under the Lincoln administration and also during
the time that Andy Johnson was the defender OF the
faith as 1t in the constitution was. 1t Is not
extraordinary that with this influence at the courts
Of Heaven ana Washington young Grey should have
done well. He did do well. He was appointed to
nm important clerkshlp IN the Fourth Auditors
ONCE in the Treasury Department and from that
position ioated into the cashershp Of the house OF
MarQuand Dimmock. Mr.. Grey was ambitious
however, and was not content with large income
and little to do. lie wanted to do Q
big thing in finance; to be, In fact the
greatest manipulation Of other peoples money and
the greatest money fraud that ever Divine Prov
dence let loose upon an innocent community. With
these views, which practical American education
dorses, william Henry lett the city Of Magnificent
Distances and squatted with Brother Pratt at Al
Broad street.
AS RESPECTABLE AS CoRBN.
His recommendations were OF the highest charac.
ter. Mr. Calender, Bank superintendent, endorsed
him; Ben Butler saw nothing crooked in his conduct
ana supported hun; Senator Morrill,, Of Maine, re.
commended him; and haf a dozen other distin-
guished Senator'S aud Representatives declared
In writing that Mr.. Grey was a nice young
man. And SO he was. The Bank OF the
Commonwealth received him with open arms,
and everybody was delighted to meet the
great moral young man whom all the New
England Congressional delegation so warmly en-
dorsed. purely moral and vrtuous financial
youth is aUis in Wall street. and bulls and
bears horned one another and kicked up their heels
In delight when 1t was announced through the Oc-
tober papers, that W. H. Grey & Co. Pratt for Com.
pany) had taken the premises lately occupied by
Eessrs Stebbns, at A Broad street. Mr. Grey's first
operation was to open individual account at the
Mechanics Bank; his next was to have his name
inscribed on the books Of the Commonwealth Bank,
with Co. and flourish. What he did after
that is not fully known as yet, but many brokers re.
gret their reliance upon the recommendations OF
New England congressman.
MR.. BLACKWELL OR MRS. HARRIS.
Besides his great financial ability Mr.. Grey had
Keen sense OF humor; had-for the place which
knew him in Broad street knows him no more and
no doubt enjoys his little joke now as much any
body. When the Bank Of the Common wealth DIS
covered on Friday that they had three altered
bounty loan certificates in their possession they I'm
mediatey sent for Mr.. Grey, who smingly took
them back. The oflcers OF the bank, however, con-
sidered 1t their duty to notify the Manhattan Bank,
and so 1t happened that the State agents and the
moral Mr.. Grey were brought face to face. Up
went Mr.. Grey's eyebrows, dllated were his
eyes. He could not believe IL; no. he
couldn't. He bought the certificates through
man named Pratt, he said, but he believed
that the party who altered them was called Black
well. Who this latter party was he did not clearly
Indicate; but thes bank officers shrewdy suspected
that he was as mythical as that unfaiimg friend OF
sarie Camp. the ubiquitous Mrs. Harris The con-
ference lasted until six p M; bat nothing very
satisfactory was elected from Mr.. Grey. He was IN
no hurry, oh no; he was as innocent rs child I'M
porn; but Blackwell Tor Mrs. Harrisl was entirely to
Diane. so said Mr.. Grey, on taking his leave That
no was nos az all excIed may be the fact that
nc afterwards walked coolly down the street and
borrowed $4,000 from the Mechanics Bank and
$4,000 or so from other parties who still believed
In the value OF the New England recommendations.
Nobody tired TO arrest Mr. Grey but. on the con.
Txry. several persons wanted TO lend him money.
AN INDIGNATION MEETING
was, however, held last evening by the victims OF
Mr.. Grey's financial operations and measures were
taken to have the crring youth arrested The stock
Excnanse WIZ pay $1,000 for the pleasure Of an in.