Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-02
FINANCIAL FRAUDS.
More Light on the New York Central
FOrgeries-PreViOus Operations Of
Williams and his Gang.
Another Startling Operation ia Bond
Comes TO the FrOnt-The Brooklyn
City Treasury-An Unreli-
able Bank Clerk.

4 THE NEW YORK CENTRAL F0RG bRlEs
The Express says the New York Cen
trail foTgeries turn out to be less il
amount than stated this morning. Thu
far ninety-three thousand dollars wortl
have been discovered, and the mos
searching examinations have takeT
place. The total amount of good New
4 York Central sevens of 1876 now out
standing is only one hundred and nine
ty-five thousand dollars. No fOTgeriel
I Of other issues of New York Centra
have been discovered. Investigation:
thus far show that the f0rgeries made
! known Saturday are confined TO New
! York Central sevens of 1915
! and Buffalo, New York and Erie
first mortgage bonds, about one hundred
and tweuty-siX thousand dollars of the
Z latter, so far as can be ascertained, havc
/ been placed. The report was prevalent
to-day that bank has lost heavily by
[ forgeries, and that a small broker firm
/ has suffered TO the amount of eleven
! thousand dollars. Williamson, who is
! implicated in the fOrgeTies, some mouths
I since opened an insurance Office on
/ Montgomery street, jersey City. This
I office was searched to-day, but nothing
I found TO give a clue TO his whereabouts.
1t is rumOred that there are a large
/ lot of forged New York Central bonds
ia circulation in the London market
Messrs. Harkins q Braine, No. u Broad
street, are suffering TO some extent
through loaning money TO Williamson.
James B. johnson, purpOrting to be an
attorney and counselOT-at-laW, No. SO
Broadway, Williamsburg, has been ar
rested with four Of the forged bonds
in his possession, and some cash, the
proceeds Of the OF other bonds. Two
lorgers, said 10 be operating with John
son, have fled from the city, owing to
the exposure of Saturday.
ANOTHER sTARTLER.
A statement comes from the police
headquarters tonight, on what is said TO
be good authority, that a million dol
lars worth Of forged railway bonds and
other securities have been thrown on the
market by this gang, among Others, one
hundred and fifty thousand dollars
worth of the New Jersey Central rail-
road bonds, two hundred thousand dol
lars worth of Western Union telegraph
bonds and two hundred thousand dol
lars worth OF Boston and New
York bonds.
The Buffalo, New York and Erie for
geries, of which no particulars have
heretofore been given, me Of more
importance than the Central fOrgeries.
On the twenty-third ultimO Captain
Walsh, of the seventeenth precinct, was
informed that preparations were being
made 10 place in the market large
amounts of Buffalo, New York and Erie
railroad bonds, due in lS7l. Captain
Walsh set to work with two detectives,
but the exposing, on Saturday, Of the
New York { entral fOrgeTies, caused two
of the fOrgers TO escape, and but one
was captured to-day. The one cap
tured, James w. johnson, purpOrting
to be an attorney and counsellor at Law
in Williamsburg, is the party who sold
twenty-six thousand dollars in Buffalo,
New York and Erie bonds, due in 1877.
johnson sold fifteen thousand dol
lars of these bonds through an
outside broker. In miscellaneous
securities $1,000 were sold al 90c, and
5000 at Gle, while the stock exchange
price was 92lc. Another lot of $4,000
was taken by johnson w. Young, a
careful broker, who before undertaking
to sell made inquiries OF Duncan,
sherman d Co., Bank Of Commerce,
and Erie railroad office, all these parties
pronounced them genuine, and the
broker sold the bonds. JOhnssn was
captured Sunday morning with four OF
the bonds in his possession, and some
of the proceeds in cash. Johnson i
held in custody awaiting complaint
Of the parties who escaped, William
son is supposed 10 be one. ThR. officer
expect TO make further Developments in
a few days. The total amount Of forged
Buffalo, New York and Erie bonds solo
OF hypothecated is estimated at one hun
dred and twenty-siX thousand dollars.
The bonds are so well executed that ths
printer pronounced them genuine. No !
iorged railway share certificates have |
yet been discovered.
THE BROOKLYN CITY TREASURY DE- |
FICIT.
The assets of City Treasurer Sprague,
Of Brooklyn, now in the hands of the 1
amount 20 two hundred 4
thousand dollars, with the promise OF /
seven bondsmen to make good any de-
ROdman, Sprague's default 1
ng assistant, remains ia Jail. TaX-COl !
ectOr Burrows denies in emphatic Ian /
yuage the charge OF Warren, an expert 1
that moneys collected in /
bis department were withheld foI /
months from the treasury, and think, I
hat, in view of the d-falcations, the /
,ity treasury would have been better of 4
4 such had been the case.
HEAVY ROBBERY BY BANK CLERK. |
Charles w. Keep, banker, No. lG |
New street, was robbed Saturday of ovel
hirty thousand dollars 10y Edward Pat
ersOn, clerk. The property consisted
f gold certificates and bonds which /
Keep gave Patterson to deposit in the