New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-08-22
STOLEN BONDS AGAIN.
THE PRESIDENT OF AN INSURANCE COMPANY AK
REsTED-THE CHARGE AGAINST HIM PROB
ApIY ACKNOWLEDGEMENTS THE STOLEN


THE PRESIDENT OF AN INSURANCE COMPANY AK
REsTED-THE CHARGE AGAINST HIM PROB
ABLY UNFoUNDED-LAMBERT, THE STOLEN
BOND BRoKER-HIS ANTECEDENTS.
Iindley Murray was President of the Empire
CITY Fire Insurance Company, in August 1870 ana on
the 1st OF that month loaned $4,000 Of the Ccmpanys
money TO VIM. q. Lambert, jr. receiving security
$40 600 United states registered bond. II was "eail
loan and at the expiration Of about two weeks, VIM A.
BurtIs the Secretary OF the Company, acting as Pres
dent In Mr. Murrays absence from town. gave notice 10
Lambert that bond must be taken Lambert went
TO Condict Co. Of No so Broadway, ana lhduceu
them to pay the $4,000 and take mp tho bona
for him. They subsequently took the bona 10
the sub-Treasury, to examine the registry, ana IL
was there pronounced one Of those stolen from Senior
Castillo the Cuban Treasurer short time before III
was therefore held, and Lambert arrested at the IN
stance OF COndict Co.. who also began SUIT against 'o
insurance company for the recovery OF the amount pd
for the bond, alleging that value had been received
The suit compromised upon the payment oil ABOUT
$500 by the Company, while Lambert was released upon
paving $780, the amount required for tho iull rem
bursement or Condic Coz he having also set ny the de-
ensSthat LIE had merely acted the ignorant agent OF
others in sposug OF the bond. Meanwhile the Direct
ors OF the Company having as alleged FOUND reason 10
suspect that M Murray lad not been ignorant OF the
true character OF the bond and that he had retained
81 600 out OF the $1,000 receped forby Lambert required
hun to resign the Office OF President
Lambert was again arrested, a few months age, Tor
dealing in stolen bonds, and is now awaiting tal II
understood that he has recently given information 20
m torncv one result Of which has been that
Mr. Rurtis who succeeded Mr.. Murray in the Prcsl-
dency OF the Company arrested last saturday on
the charge Of passing the stolen bona, ana was 'lu III
$1,000 bail 10y Commissioner Shields Tor examination 10
I.,rruy The nature of the Information mr.
uigDed 10 the District Attorney In the case
romans 10 be developed; but the friends or
Mr. Brrtis disclaim all apprehension or serious
results from the examination. Lambert, VINO mas Dteh
confined for several months, was declared not long
since the OF insanity, on account or pec
arty distressing circumstances In his case his family
heinz hi glv raspartlp. His has been Observed
cation with some OF the worst characters known 10
them aud was frequently involved IN S"ndilhg tahs-
actions. SO long lie maintained Sem itSlcc.dnie
standing q sort OF broker ne was muth Sought ny e
holder. OF stolen bonds VINO wished 10 deal lAIOugh MN
with mOneyed men. In The service Lambert Is Iepueu
to have been quite active for two or three years at 10
have generally failed for lack Of business rhe"uhess
His Office al No Broadway, was' long the resort OF
number of wretchcd swindcrs and confidence men, one
Of the latter f. believed 10 have sWndied hundreds OF
observation-disclosures keeper. I'm NcW-IOrk ana BrooAyn ana
has more than been complained Of by victims writ
ing to The TRIBUNE This man WAS Of venerable appear
aucc and always scned that ne was rttFe Fast
India merchant seeking opportunity 10 place ms fOh
I'M business when his bills became due, be Wonla teiri
his cred tors TO Lambert, who would put heLh on wan
plausible excuses until their patience became exhausted,
while the other would find fresh field Many trades
mon and others were also Swindled in the way, and
il i. not unlikely that the sOcalied old merchant l. sun
subssting somewhere by similar means.