New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-25

ARREST Or Thu ALLEGED Al THOR OF THE FORGED
Is1TRRs-M'KAY LOUD IN ms PROTESIATIONs Oh
INNOCENCE
Business in the Stock Exchange was unusu-
ally dull YESTERDAY the chief subject OF interest being
Tho arrest Of Edward De Costa Mckay, the
Insurance broker. charged with being prin-
.pAl in the stock Exchange forceries OF the
18th Of February Mr., MeKsy's intense anxiety to
defend himself against charges which had not been
brought against him. and thus to present his version OF
his connection with tue affair TO the public in advance
Of that which might he given by the Governing Com
mitlee, gave hm degree OF DOOroty in the transac
sion which rendered legal examination almost inevi-
table. Ever snc5 the publication Of Mr.. McKay's
stor members OF the Stock Exchange have been frank
In the expression OF the opinion that the matter
should not be permitted 70 rest where IL then
was. and that explanation given by Mr. Mckay should
relieve him from the presumption OF guilt, resulting
from the testimony before the Governing Committee Of
oil the brokers WHO did business In Wabash ana Western
Union stocks during the hour Of excitement in the Ex-
change caused by the reading OF the forged letters All
of these test fed that they acting for Mr. Mckay,
and according 10 members of the Governing Committee
one besides him implicated 10y any facts which
came before them. Complaints Fave been
aoud and frequent that while the detectives
searching for unknown person the Only clue TO
whom was Mr. NJ Kt,'s description. they were permit
ting a person against whom there was at least strong
legal presumption OF gut TO go at large. On MpndaJ
John b. Norris, member Of the subcommittee Of the
Governing Committee OF the Stock Exchange, appointed
70 investigate the frauds ana to prosecute the perpe
traitors appeared before Police Justice Bixby at the
Tombs Police Court, and obtained warrant for the
erres OF Mckay on charge cOnspiring to defraud
This afdarit Ties an account Of the false an
nOuncements ich were made to the Stock EX-
change on Zen u w letters purporung 70 nave p neeh
signed by the Presidents or The western Unlon lele-
graph Company 9n1 The Toledo, Wabash and Western
Railroad Comp anc alleging that the capital stock
Of each coLpny aas TO be increased several millions
Mckay u chdi2rO Hl'h COnspruE with others unknown
20 make falsely and execute these letters announce
ments contrary to the statute and against the peace OF
TO mis- AFFIDAVIT the forged letters and the coutrodc
t0ns OF w lac therein alleged were atachcG These
have already been uublishe Iu TIE TRIBUNE The
rant was gwen to Del Give Farey, who. about a. u.
seSoral arrested A Mon ~ On bIooLl' err -hoat'
as he was 90 bis frm mis- home. 10. IA Rem enst.
BROOKLYN 10 his place Of business. No lGI Broadway.
where no rmainrd until =. M, when
Tombs Poce Court and HAVING Pleaded not FULLY
was committed IN s. 900 bail. 5. V. White aud another
from HeaCquar crs ana they at set GU, 10 mud bail
Al about $50 y IN. t1ey returned with Mr.. Wlett.
became bail for Mr.. MCKAY having sworn that he was
che owner of the houses Nos 81 and 50 East Fifty
fn STnH'' MI " MY 'n'f'up0n went away with his
While waiting for hal; Mr.. Mckay talked freely with
expressed pett indignation at ms arrest and al the
manner ~ which Le bad been treated. He said there
went openly TO the Exchange Tho day IN question
and transacted business IN perfectly open manner
ought 60 convince any unbiased mind that be had no
guilty knowledge Oi the tOrperas He expressed the
almost confluence that Trial would result IN MS yndl-
cation.
Toe news OF the arrest caused some excitement on
Nallst; and, as j. usual in such cases. il
supplemented by TJmOiS Of other arrests. 4 member
OF toe Stack LNCCauCc VINO az y. m. reported
under arrest, Ia lis Office ~ $50 p. M, aud it
not known at ldtC hour lass night that any other
person lad been arrested. # was also reported
What tbore was evidence that Mr. Mckay
mad been concerned in the circulation, II not the
original fabrication OF the rumOr of the death Of Com
uodOre VANDERBILT, by which the price or The Wander
but stOCE6 dsISri0uslN affected short time since
member o. the Exchange Ia said To have recognZ ID
M Kay The person, then unknown 20 him, VINO
accostcd him street and told him that Mr.. Van
derbit dead. Th' opinion thai Tho two frauds had
Common source h.s prevailed auiong members OF the
Governing Committee. stated several days ago and
the Police authorities profess TO have to believe
shat Mckay "a ucepi. Ia, Heated in both.