The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-10-20

ance a few DAYS, when he made confess
sion. He admitted that the company was
fraudulent, and that all the officers We're
implicated. He said the company was
started on one share OF Reading railroad
stock, worth about $57. The certificate
of the stock was bought in fhe name OF
Caroline Ebert and Frank b. Ebert, with
out their knowledge, and after being raised
to 200 shares was fraudulently transferred to
him to enable him TO get loan on it. The
object in altering the names was to make
detection difficult If the forgery was discoy-
ered- A loan of s., 900 was obtained from
the Union Banking Company on the certifi
cate, and then another certificate was
bought. This was raised. and another loan
negotiated. The money which was realized
in this way was used to hire the Office and
buy
OTHER CERTIFICATES
ofdifferent companies for one share of stock
each, and, these were raised to represent
$500, 200, the capital of the company. Gilbert
said 1t was the Intention of the company to
keep all the money it received for policies.
When 1T had a large risk to pay the under
standing was that the company was to
contest the claim, and fail at the last
sell the shares of the company. held
in trust by the president, to innocent
persons, and never to redeem them.- The
officers proposed to take up the forged paper
left with the Union Banking Company as
soon as they had the money to spare. Presi-
dent Halfman was asserted to be the pro-
jector of the fraud. Gilbert said that the
ensures on the certificates aud the forgeries
were the handiwork of man who had been
in reduced to him Charles Ripley. The
Introduction was given in Taylor's hotel.
Jersey City, by Louis W. French, the secre
tary of the fraudulent Hoboken Insuianee
Company, who is cousin to Ebert.
He added that he paid Ripley g. 800 to 60 to
Philadelphia and forge the certificates, and
that he addressed letters to him at a saloon
at 303 Bridge street, Brooklyn. The pro-
prietor of the place said that the person who
got the letters sent there was known to him
as Charles Ostend. Detectives watched the
saloon for ten days, and on Tuesday they
saw man answering Ripley's description
leave tie place and go to 266 Wash
ington street. Detectives Folk and Corwin
of the Brooklyn police and another officer
arrested him in the evening while he was
taking drink in the saloon. He ives iden-
tilted as Jack Canter, a noted forger. When
he was told what he was wanted for he vol
unteered to go to Philadelphia without a
requlsitlOn. Canter was released about two
years ago from State prison, where he served
fourteen years for forging old State Bank
bills. During the administration of
Warden Hubbell he acted as book-keeper
for the prison, and was caught altering
the sentences of prisoners on the records
He Is said TO be implicated in the great rail-
road bond forgery. He is accomplished,
speaking eleven languages. He is a short
hand writer, an engraver, photographer, a
doctor, a druggist, machinist, and for
some time past has written scientific articles
for magazines. He is 81 years old. In his
rooms in a boarding house at 266 Washing
ton street, Brooklyn, were found a costly
set of counterfeiter's tools, dies, presses,
photographic stones, bank papers, and inks.