The New York herald., 1870-03-06
The Conviction Of Bradcy-An Important
Incident Connected Therewu!l-A Caution
TO Dealers i'm ROnds.

to Dealers in Bonds.
Though government securities to the value OF mil.
lions OF dollars have been stolen tins Is the first con-
yicton OF any person implicated in bond robbcries
1t marks therefore an era III criminal Justice that
Is not likely be forgotten by all dealers In these
bonds and few facts that for divers reasons
could not be published until Bradleys trial had been
brought to conclusion may point moral
to those who are in the habit OF negotiating rregu
laru bonds
One morning in December last, when Mr. Alder.
man Conan was occupying the Justices char In the
Tombs, IN consequence OF Judge Dowling's sickness,
several merchants, accompanied by Captain Gar
lana, OF the First precinct, applied to Alderman
Conan ia reference to certain bonds which they
produced. Captain Garland stated that there was
reason to believe that the bonds were stolen, or II
not stolen there was some irTegularity about them
which rendered 1t necessary tnat magiserla atten.
ton should be brought TO bear upon them.
ie stated, however. that he was in pos
session of no Information as 10 where tney were
stolen from or whose property they were, and
as the banks who had negotiated them were pre-.
pared TO return them on being rccouped their ad-
vsnces he intimatei Dat probably the better course
would DC Tor the bonds 10 pass into the hands of tho
bankers. 10 be disposed OF as they Thought best
Alderman Conan did not seem TO agree with this
suggestion, and retained the bonds, asking the par
ties to come again 10 the court the following day.
Iney appeared the next dav. accompanied by men,
Der OF one Of The leading lcgal nrns Of the cisv Al
derman Conan asked Captain Garland if he had rea-
R0u TO believe tue bonds were stolen. and Captain
Garland SAID he had. Alderman Conan replied that
In that case he shou retain The bonds and send them
TO the property CLERK at the Central ONCE Several
remonstrances were urged by the parties against
this course but Alderman Conan was firm, and to the
property cier& they went Al headquarters the mat
ter came before tue detective police and Earley was
detailed To investigate the matter. The result was
that johnson was appreaended, and very shortly az
TEL wards bradley was arrested VINO Is sentenced
10 five IN state prison-the first man OF a nrro
crowd Of b0nd steaiers who has been sentenced 10
state Prison Tor THIS offence
In the course oil the testimony given on Friday
more than one Wall street broker testified that 30
numerous and SO hurried were the transactions in
practicable to consult the list OF stolen and lost
bonds that was hung up IN every brokers' Office
ana, therefore, securities OF the .Irreguarr KIND
were negotiable as readily as securities ihas were
perfectly regular.
Judge Downing, in committing Bradley for trial. in
awrltten Judgment referred verv lorclDly to the
element OF secrecy IN this that the glst OF
the crlminailty and further referred 10 the neg0-
tlation OF these securities: and II the opinion laid
well to consult their lists before making advances.
The following is the extract from Judge Dowllnya
judgment on Monday, december 20:-
Any mysterious picdgng selling OF such class secu-
rtisa should rcrunked with great caution, Wherever
such cautious scruny been used by parties
actions brought before by companants who claim such
secur es 10 have been stolen which bnd 10
been soicp must c0nsue tho presumption against
do believe taere mystery secrecy allowed by
innocent parties the receiving OF federal bonds either by
myefious receiving the foundation OF against All
receivers OF stolen goods.