, 1873-05-19
A HUGE. FRAUD!

a Eoston Broker Raises Money Rap
idly by Raising Ccrtificates--S23c,-
| 600 SNindIcd. - - :
8osto" tafay ~ cors:pends'ee :er ii: 1s'se Yort
Another irregulanty occurred On State street
| to-day, Of such nature, too; that; The author
tiles place the amount'of bail at s400, 600. The
culprit in the case is James A. Coe q stock brok-
or doing business at No. 76, and high liver gen
! orally. On Monday last, merchant desiring q
loan from Boston bank depolted. with the
cashier, as collateral paper which 'purported to
be q certificate for 100 shares Of the Old Colony
Railroad, drawn in the name Of lending drn,
and indorsed by the same firm. So
The cashier did not like the appearance Of tho
paper, and on examining it made the discovery
that the document had been altered from 3 ZONE"
to: one hundred" and that the name in which it
had been issued had been erased, and that OF the
firm in question substituted. The endorsement
Of the firm on the buck was genuine, evidently
placed there by them under the impression that
the paper had really been issued in their name.
On inquiry at the Old Colony Office it Was ascer7
issued to J. A. Coz as certificate for one share.
Tho gentleman who brought the certificate to the
bank WAS advised to 60 to work quietly and got
back the money ho had loaned on the paper,
which he did.
Subsequently it transplred that 4 certificate for
100 shares Of Eastern Railroad stock had been
deposited in the Massachusetts Bank, on which
large sum of money was loaned Tho certid-
cato was made out in the name Of the bank:
On inquiry at the Eastern Office: it was found
that this also had been originally a one-sbare
certificate. issued to hIr. Coe,~ and that it had
been altered to ''one hundred shares.
Tho heaviest drafs OF funds that has been
developed WAS that made on Mr. Nathan
Matthews, on certificate Of 400 shares Of Al:
bany Railroad stock and other collatorals, Mr.
Matthews had recently loaned to Coo q large
sum Of money-S40.000, it is said. Had the
certificate been correct it would have
represented value Of 925, 900. An e1amin-
Rtion by several bank officers this morn
ing revealed the fact that this also WAS
an altered certificate. having been issued Us
" two shares" and altered to two hundred
The Cashier found that the certificates in ques-
tion had been originally Issued in the name Of
II: e. Coe, and receipted for at the bottom by
J. A. Coe. -; -. 80
Subsequent investie alton showed that Coo had
made the following changes in share certificates:
Old Colony Railroad Company, one certificate
from two shares to thirty-two shares; one GER
tificate from two shares to 200 shares; one GER
titicate from one share to 100 shares; one car-
tificato from two shares to 200 shares one cer-
tiicate from ono elaro to fifty shares. -
There are other certificates in existence.
Among them are certificates Of shares of the
Boston Water Power, denomination not known
one certificate of the Eastern Railroad Company
altered from one share to one hundred shares
certifcatos Of shares of the Fitchburg Railroad,
denomination not known; one certificate Of tho
Boston tE Albany Railroad Company, altered
from value OF S25, 900 to s40, GOO, or from two
to. 200 shares. The losses may be tabulated
thus: =" =