The New York herald., 1874-07-27
A TALE OF TWO CITIES.
Proctor Versus Lapsley-What n Stock
Broker Says About puts and


Proctor Versus apsley-What n Stock
Broker Says About ''Puts'' and
ssCnlIs.''
In yesterdays NEW YORK HERALD exclusively
appeared report affecting the fair lame OF a
wealthy Brooklyn lady and stock broker by the
of Lapsley. The scandal was brought up In the
Supreme Court OF Kings county by the claim OF
Mr.. William W. Proctor against Samuel w. Laps
ley, new York broker, to recover the large sum
Of $4,000 damages in order to recompense him Tor
the loss OF hts wifes good name and virtue.
The alterations in chief were, that Mrs.
Louisa Proctor was married woman,
living happily with her present husband since
the I'd OF October, 1862. and that in February OF
this year she applied to the firm Of Lapsley Baz.
ley to transact business In stocks for her. deposit
ing In their hands some $4,000 IN cash and secu-
rites, to guard them against loss. That about
the 25th OF February-and in intervals between
that date and the I'd Of May-Mr. Lapsey had
seduced the lady. through solicitation and with
the aid OF wine and that both in his private bus-
ness Office aud at the West Side Hotel, in Sixth
avenue, criminal relationship occurred. For this
grievous onence Mr.. Proc or demanded that the
Court should award him Judgment against the de-
1endanl OF S5OOvO.
AS this case-lrom the standing OF both parties
bade lair to divine the interest OF the PUBIC with
the Beecher-Tllton sensation, HERALD represent
ative was instructed to see Mr. Lapsey and receive
hts version OF the affair. Ii Is but just however
u,
say that he strongly ecs that the has been
mallcously lnsugated both for personal and busi-
ness reasons Mr. Lapsley was found at his resi-
dence, III Lexington avenue. and very frankly con-
sented to furnish the HERALD with the particulars
OF the affair. He aid:--"Tnls lady, Mrs. Louisa
Proctor. Is q plain looking person OF perhaps
forty years OF age; she came to the ONCE OF our
firm about the middle OF January and said that
she desired to open an account with US in order to
speculate in stocks. We were very happy to re-
ceve her orders, as she seemed to be Q thorough
business woman and met our demands for mar
gins very promptly. She dep0si ed with us sum
or money and securities equal to nearly SIC, 600
and speculated OH the market very successfully.
However she bought Pacifc Mail steamship Com
pany's stock at from 46 to 4SH, which we
afterwards had to sell out lor her ac-
count at about 39h. Every transaction was
bona tide; our bookkeeper heard nearly all the
conveI sa tOns ana the TRANSACTIONS are posted In
our books and can be- proven as genuine Her
husband, 1t appears, was not aware or her trans
her losses he determined. "by fair means or FOUL"
to recover the moneys lost Mr. Lapsley was
therefore, arrested on the charge, previously
stated, and being deco ed into an equivOcal posi-
tion q demand was made upon him Tor settle
ment, which was then and there refused.
On Friday last General Anthem, the counsel
OF Mr. Lapsley, was informed that the parties
and, In act, general withdrawal OF suit was
made by the plaintin, and the papers, duly at
tested by notary, were placed In the hands OF
Mr.. Lapsley without money considerations or any
guarantees what ever"
This was. In substance, the statement OF the de-
fendant IN the scan mag sensation, and Ii
should be entitled TO credit until contrOverted.
The rumOr that Mrs. Proctor is Implicated in the
Beecher-Tilton scandal as far as learned, proves
to be unlounded.