The New York herald., 1871-11-30
All IEGEElOUS FORGER.
How Crafty Merchant Ran the Machine
terry Tickets, Gambling and Degradation
Flooding the Market with Spurious
Paper-Flight Of the Culprit

II is refreshing to think OF the numerous devices
resoried to by the willy cheats OF the nineteenth
century, since almost every day brings to
light some novel method OF peculation
and fraud. In fact, TO such perfection
have the means adopted to swindle the
honest portion OF the community arrived
that the most astounding robberies fail to surprise
those actively engaged in business, the result being
that mercantile men are constantly on the Qut utve
for selfproectlon, but are not unprepared Tor the
constant revelations Of glarlng dishonesty. Al.
though the case OF Saron does not in itself present
any novelty in the course he pursued to scatter his
SPURIOUS PAPER ON THE MARKET,
there Is, nevertheless, boldness about 1t that
renders IL rather sn interesting subject for contem
plation. This Saroni was partner In respectable
firm Of shirt manufacturers in Leonard street, and
up to week ago stood well IN the mercantile COM
munlty. Indeed, from inquiries made yesterday he
was generally regarded as very steady and
estimable gentleman among large circle
Of friends, and his downfall has created q
great deal OF astonishment. But very few
Of his acquaintances were aware that he
mad mania Tor lottery tickets, ana he is not the
FIRST person the same sort OF madness has brought
to rum. Some fifteen years ago he exhibited tine
most unacconntaole desire to invest his money IN
THIS precarious way OF gambling, his object, like
many others, being TO draw large prize, which, OF
course he never did, circumstances arose that
compelled him to deslst from mis-
RECKLESS VENTURES
and with commendable fortltude he retired
he attended to his legitimate pursuits, and being
man OF good connection progressed rapidly. But
returned with renewed hopes to the lottery gam.
bling. The drain upon his resources Is
he was iartner than ever from accomplishing
his object, he did not hesitate to replenish his
had enjoyed Intimate business relations. Saroni
was the tnancier OF the firm and was thus enabled
to manipulate without detection: He com. com.
his regular course being 70 copy me
received IN the ordinary way OF business. His gen.
elal method was to sell this spurious stuff through
brokers In Wall street or have 1t discounted IN the
Ninth National Bank. 1t appears that that instltu-
ton now nolds exactly $780, 600 worth Of paper en-
dorsed by Saronl Llndemann,. but whether 1t Is
come to maturity. With
REMARKABLE sHREwDNEss
SSsa nearns manssed its 3as nSs eme nSs ws
never suspected. Ine lorgea paper was was
into a system or wholesale robbery. Messrs.
Springer & Co.. OF Pine street. were the brokers' en-
comparatively trlflng. though unusual, proceeding
IN the way oi business bus It Is moossloe on t9
% have ended it appears iH that tO'o one Of "V the
notes negotiated by springer Co. on J. Alexander
Co., was discounted by Mr.. Adler, who Is the head
Saronl OF this tact, who Immediately took up TINS
note three davs before maturity, circumstance
which led TO some inquiry, ending in the knowledge
that the note must be forgery. The siateGent
that the Messrs. Springer said 1t came from Boston
Is emphatcally denied by them. They at traced
1t to Saroni, for whom they had negO-
tated in the regular course Of business.
The secret now became known, ana SarOnl fed to
Cuba. Springer d Co. further aver that they have
sold only about fourteen thousand dollars worth Of
paper, Tor which they paid. This, In brel, is the
narrative OF Saronl's crime. 1t Is thought that
nearly one hundred thousand dollars OF forged
paper has been sold to his advantage. From inves-
tigatlons made yesterday 1t would appear that the
nrm OF Saroni Llndemann Will be seriously
affected by the transaction, but 10 what extent is
unknown, as many OF the notes have yet to mature
An oicer OF the Ninth National Bank stated yester.
dav that the firm had always stood well and had
been a good customer since the bank was opened.
me story OF Saronis forgeres mas created y great
deal Of
woNDERMENT AND REGRET.
since, TO all appearances, his character was IRE
proacnaoie up to the time OF the discovery. No
motve has been assigned for the affair, except the
rresisube desire ior gambling on the part OF the
delinquent IL Is said that no less than sixty thou.
sand dollars worth OF lottery ticket coupons were
found in his private drawer aer his departure.
An investigation Is now being made to ascertain II
possible, the lull extent OF the forgeries.