, 1873-06-14
NEW YORK.
Tho Horton SwindleA.-Tho NnlVorth
Parr1ctde-.The Cotton Excitcmout..

The Horton svindlea--Tho Walworth
Parrtctde--The Cotton Excitcmont--
miscellaneous No1vs.
Special Dtspatch to The chicaae Tribune.
NEW YonK, Juno 13.-peterson d Co., OF
Philadelphia, sustained no injury through their
business with Horton. His intercourse with
them Was perfectly legitimate. Horizons prin
cipal operation was in raising bonds. He haa
been living in Lancaster, Pa, for the last Bix or
eight years, excepting tho briof periods ho has
resided In New York. Tho operation that re-
suited In tho discovery Of hia syatomatio wicked
ness was 1nnde With tho firm Of Roel l. Me-
Gramo, Of that city. On tho 26th Of May last
That firm gave him 200 shares Of PENN
sylyania Railroad stock in exchange for
200 shaEes Of Reading stock. It was underntsod
by the Lancaster bankers, that Horton stood in
excellent favor With New York finanoiors, 30 tho
stock wae givon him without hesitation. On
Tuesday, Horton proposed to another Lancaster
firm tho sane e1ohange. That firm, discovering
business with him. Their suspicious were
aroused and examination proved that tho stock
had been raisod from ono share to
100 shares. It did not take long for this
Of the stock hold by Roed, MeGrams i Co., dis
closed the fact that it too had boon raised from
one sharo to 100 shares. Meantime Horton had
left Lancaster. but subsequent proceedings JUS
tify the bo1ief thst he did not % II from any
Reed d McGzame 1nade tho discovery on
Wednesday, but Horton was then finishing up
his l'uBinosa in Phi1adelphie. Kilograms wero
It once sent SOL. t1 Philadelphia ''s from Lan- ,
ss oSa, but yet th' sa s'a OF 'sihR Lis
danger. On Thursday ho appeared in Osgood l.
Co.'s Office Broad street, with bis lottor of
crodits, but, by this time, bis operations wore
the property of Philade1phia businessmen.
3&u f1r nf1E1 6Syr
b Co. The most remarkable thing happened
while Horton WAS In OsRood's ofIlco yesterday
morning waiting for 4 tolegraphto transfer from
Philadelphia. Ho sat on the sofa IN tho office
Detective Elder. They converted together in
the ploasantest manner. Detectives have boon
put on the scoundrols track;
f7o ths Asso;tatd M Prsss]
found J. +. Horton. who yesterday awlndlod tho
firm of Osgood Il Go. out Of about $28, 600 IN
gold. Several weeks ago Horton entered the
6anklng-house Of p. 8. Patterson & Co., In Phla-
delpha md 3D. expressed de- dSsro to open an ao-
viow he offered to deposit on account conBd-
erablo sum, which WaB accepted, and tho account
| was opened. Horton continued to increase his
orodt account by dopoBlting several ohooka, until
sae saSeS'ds g "hSa "o as ssa sd.a that no
O.. granted him iottors 1 Of credit on
| two houses horo, authorizing Horton to draw
upon thom for $4,000. Yesterday Horton mado
his appearance In tho offlco of Osgood b Co., iu
Broad street, and presented letter OF credit for
837, 7,0o0 remarking that ho should probably want
to draw all Of tho money aud perhnps more, as
no wial,od to go into tho atroot aud speculate.
osgood 3 90. demurrcd, whoreupon Horton d.
| delphia bankers and have o transfer made. The
| tranafer was promptly made, and, everything
| being satisfactory, S26, ,780 In gold waH bonght
and paid oyor to. Horton, who Lad
meanwhile remained In the outor Office, and
from Petoraon d Co., caltioning thom against
paying any money to Horton, AZ tho clockB md
a9afta caslod for him in rlliladolplna hal boon
| discovered to bo forgerieH. It waB too late,
| olude 200 shares Of neadtng ltailroad stock, re-
celyed for certificate Of 200 altarea OF pannsyl-
ysnfa Railroad stock, from nood & Mcaramo OF
LRnoaater. Pa, Which 4s 4Ad raiHel to tlat