The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-21

Contrary to general expectations, the detectives
detailed from Police Headquarters to Wall street
did not make an arrest yesterday in
connection with the forgeries which were
perpetrated on Western Union and Wabash
Toledo and Western Railway Companies stock in
the early portion OF the week. The positive asser-
ton made on Thursday that some wonderful
developments would be made during the day yes
terday caused general disappointment to Judge by
THE GOSSIP OF THE STREET.
The general feeling seems TO be that to get the
Vidocqs TO work 1t is necessary. as condttto sine
qua no1 to oer large reward at least $40 900, and
up to the present. unfortunately, as prominent men
say, for the interest Of the Stock Exchange, no
such reward has been offered The same men who
express their regret that no inducement has been
Onered by the suD-c ommttee appointed by the
Governing Committee TO investigate the swindle
for the detection OF the perpetrators appear TO be
VERY MUCH INDIGNANT
that the detectives with the clews, " hicn they
must pc IN possession OF, have, up TO the present
time, failed to work up the to satisfactory con-
clusion. One well known gentleman member Of
the Governing Committee, went so far as to say to
HERALD reporter, ave cannot possibly trace this
fraud mp to the orginators. The detectives will be
the end OF the matter. We must give 1t up"
HERALD reporter subsequently saw promi-
nent detective, and asked him II any arrests had
"No; there were no arrests"
"Are you on the track OF anybOdyp"
mo; not on the track OF anybody" u.
Of the swindleH"
'NO; no reward that know Off"
'If reward were offered do you think that the
swindlers could be discoveredf' hazarded the re-
porter.
who made money over the swindle, to get iniorma-
ton and compromise with the District Attorney,
If there was more than one in the business" -,
"Could they be indicted for any definite crime r'
eyes, for conspiracy to deiraud." ru
And the detective went away, not, to all ap.
pearances as II he was working that particular
Late in the afternoon the report spread In Wall
street tnat the subcommittee appointed to inves-
tigate this matter had agreed to report that their
labor would be purely labor OF love. and that
they could not hope to trace the swindle to Its
Mr.. McKay-not the Individual who made 81, OOO
according to his own statement, on the reading Of
the forged letters-but another gentleman of the
same name, VINO Is member OF the Governing
Committee Of the Stock Exchange, and asked him
II 1t were true that the further investigation Of
Eyes Il had We have siied to discover the per-
The reporter then called on Mr.. Denny, Of No. 4s
Wall street. also member OF the Governing Com
mlttee and 1t was said member OF the sub.com-
mittee, who was appointed to investigate the
"Have your committee given up altogether the
investigation OF this recent forgery, Mr.. Dennyr
asked the reporter. III
"Well, not altogether, believe" said Mr..
Denny, '.but know they find great difficulty in
tracing the matter up. do not know that they
have given up the search, though"
1t Is said on the best authority that the sub-com
mittee, after their meeting yesterday, decided to
report to the Governing Committee or the STOCK
the orlglnators of the raud that there is no
likelihood Of success, and there, probably the mat
ter will end, notwithstanding the indignant leel-
ing on the street. n
II was said on the street yesterday that the re-
putation OF the New York Stock Exchange could
not be afected abroad by this swindle, as 1t was
markets. This was evidently the view Of gentle
men whose views are bounded by Wall street,
Broadway, Broad street and Exchange place, and
whose financial theatre Is the New York Stock Ex-
change In Its most limited sense.