The New York herald., 1873-09-01
THE WALL STREET FRAUDS.
More Startling Rumors About Bogus Stocks
Terrible Excitement Expected To-Day
Williamson Still at Large-"0ld"
Brown, the Prisoner, Aaintains
His Innocence-Interview with
Stock Exchange Official.

gerieS in the matter OF English certlncates oil Erie
bonds Of the Bischonsheim and Godschmidt ISSUE
Startling rumors are also adoar that numerous for
geries in many OF the higher stocks have taken
place. and 1t is possible that the Board will order
that certain classes OF bonds shall be verified be-
fore being dealt in. The knot OF Stock Exchange
men who met at the Fifth Avenue Hotel last night
seemed 20 be much exercised on the subject OF the
coming developments, and IT Is conceded on all
hands that to-day will be great day for testing
the genuineness OF many classes OF bonds which
have been bndly looked upon as genuine, instead
Of as they should have been. as worthless paper.
At all events great excitement may be expected
In Wall street to-day.
THE FLIGHT OF WILLIAMSON.
It is expected that Messrs- Brooks Brothers, OF
Broadway, will be able to give some information
respecting Williamson, whO three years ago, was
one OF their bookkeepers, and, as it is alleged,
discharged from their employ after being found
guilty of theft. 1t is hoped that through them his
antecedents may be traced or some clew gained
which may lead to his arrest.
Williamson, 1t is asserted, has lived with Lam
bert, who was arrested some months ago at Reser-
volr square, for holding stolen bonds, by Captain
Irving and Sampson OF the Detective department.
Yesterday prominent member OF q trades union
society stated that Brown, the "Wall street
lOunger" now in custody at Police Headquarters
on suspicion OF being an accomplice OF Williamson,
used to attend the meetings Of the men on strike
OF the American Bank Note Company, which took
place about eighteen months ago. In Fourth ave-
nue. near Tenth street, and also IN Third avenue,
near Seventh street, and that when the strike
terminated, at the end of eleven weeks three of
the best wOrkmen deserted, and it is now in
ferred went into the counterfeiting business.
They consisted Of two engravers and one printer.
1t would be well If the police could fad out the
whereabouts OF these men.
"oLD" BROWN IN PRISON.
This morning Brown Will be brought to the
Tombs, and will, in all probability, be remanded.
He says he was introduced to Williamson at the
Park Hotel by Colonel Potter. Brown maintains
determinedly that he is innocent Of all attempt
at fraud.
INTERVIEW WITH 4nAoI PRoANEST OFFICIAL OF THE
A HERALD reporter last evening met promi-
nent member and onicial OF the Stock Exchange,
who consented to speak on the Williamson case,
upon the strict promise that his name was not to
be mentioned. The said gentleman will probably
take a prominent part this week in helping to solve
the great bond mystery and it is sufficient to say
that he is intimately cognzant of all the sinuosi-
ties of the case. The following is the interview
which took place.
ment IN Wall street to-day about the Williamson
operations9
may be quiet as lambs Naughing)-a swindle OF
$3.50, 900 does affect the nerves OF the New
York Stock Exchange to very large extent. we
expect tomorrow a certain amount OF depression
i'll our market on account OF the uniavorahle bank
statement, and further ON account of Gouds re-
purted operations and several other matters.
BOND BUYERS QUIET
The general effect on bond buyers tomorrow
Will be that the market will be very dull. and leel
ing OF dlstrust engendered. Also number OF people
Will make application at the offices Of the New
York Central and Erie railroads, to inquire to
been
since the last payment OF interest.
REPoRrER-Do you happen to know how many OF
the New York Central bonds payable III 1876, are
outY
is $4,000 |, therefore, do not believe that there
can possibly be any panic in this stock A TIMING
depression may take place, however, say hall
per cent. You must remember the swindnng OPP
eratons have only been practlsed since the lst Of
last June.
THE DUTY OF THE STOCK EXCHANGE.
REPoRTER-Do you think that the stock Ex-
change will make an effort to prosecute IN an en-
ergetlc manner this forger williamson, II Detective
sampson, OF the Stock Exchange, should be able
to catch him?
SrocK EXCHANGE OFFICIAL sincerely hope so.
The unfortunate rule has been so long in vogue for
the people who have been vlctlmized to compro-
mise this kind OF cases. It Is time that TINS
kind Of work was brought to n speedy s ,nc ter.
the courage to do what the Adams Express Com
pany do-never to stop the pursuit. and to de-
ished according TO the strictest penalty of the law.
REPoRTER-Wel, why does not the stock Ex.
claim severe sentences, without mitigation. as
Freshfed & Co., the lawyers OF the Bank OF Eng
land, do in LondonY
STOCK ExCHANGE OFFIcIAL-The trouble is,
as | before said, that men are willing to
let the guilty parties go unpunlshed as soon
they can obtain their money, or portion OF It,
back. To this, however, must make an honorable
exception-viz., the house oil J. ). Kennedy Il Co.,
of Pine street. who in the case OF the notorious
Dutcn Heinrichs, agreed to lose all the money that
they had at stake, provided that the law should
take its course Their resolution has had the effect
nj Epap "A
prison than he bargained for. Such sturdy Romans
are rarely found; Tor II is human nature to
protect ones SELF financially or otherwise let the
maleiactor escape or not. | see in the
HERALD that Mr. Hardenburgh of liz Broadway,
OF the firm of Sanders x Hardenburgh, whom
one OF your reporters interviewed yesterday with
reference to the forged bonds that he had in his
possession, declined to say from whom he received
them. Why this retcencef 1t Is unavaing, and
cannot serve the ends OF justice. Let nae whisper
in your ear, however. that the Stock Exchange
who delivered them to Messrs. sanders a. Har.
denburgh on behalf of the iorger Williamson.
A MOST SERIOUS ACCUSATION
REPoRTER-Then you think this firm is TO blame
for their reticenceY
STOCK EXCHANGES OFFIcIAL-Certainly do, and
what Is more have certain knowledge that the
firm in question knew about the character OF the
bonds last Thursday. II on that day the stock
Exchange had been informed OF the matter Will
hanson would not be at large at the present mo-
ment.
The vexatious question Is, with reference to com
promising frauds that many members OF the
Stock Exchange will persist in doing business with
outside men who have no money and are without
responsibility. / believe that the Law Committee
OF the Stock Exchange has this question under
consideration, and are talking OF some
mary punishment for such men, either by
public reproval or expelling them from the Board
Bogus bonds are negotiated by men, making in
struments OF outsiders, who are known to Stock
Exchange men, who are in need OF business, and
are wiling to take anything on which they can
earn their commission. When such matters go
wrong we hear the stereotyped excuses, Every
sorry;" Will never do 1t again" and talk of that
rfrtt..v omit rnIyn
bones The Stock Exchange Is, am happy TO say,
fully aware of the Importance OF tns question,
and ere long you may expect to see some new line
OF conduct adopted with reference to this matter
and the dealing with irresponsible people stopped.
COMMODORE VANDERBILT
IL is reported that Commodore vanderbilt saws
that the amount OF "contractsi forged Is not so
large as represented
ANOTHER LARGE DEFALCATION,