The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1874-02-18
TEhEGR APHIG,
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Reported Expressly for the Bulletin.
THE LATEST.
BOLD SWINDLE on THE NEW YORK
STOCK EXCHANGE.
TIE TEMPERANCE MOVEMENT IN
ONO STILL RAGING.
DESTRUCTIVE FIRE AT SING SING,
NEW YORk.
-------.---------
FURTHER FROM THE SEAT OFTHE
INDIAN TROUBLES,
TELEGRAPHECM MARKET AND RIVER
REPORTS.
BOLD SWINDLE on THE NEW YORK
STOCK EXCHANGE.
TIE TEMPERANCE MOVEMENT IN
ONO STILL RAGING.
DESTRUCTIVE FIRE AT SING SING,
NEW YORK.
FURTHER FROM THE SEAT OF THE
INDIAN TROUBLES.
TELEGRAPnICMAR AND RIVER
REPORTS.
New York.

New york;
New YoRK, February 1.-THE Stock
Exchange was informed by letters to-day
of new issue of ten million dollars in
stock Ia the Toledo, Wabash and Was,ern,
aud nine millions Ia the Western Union
Telegraph. The effect was n decline Of D
to per ceot aud great depression in the
entire list. The letters are proved to DO
ioreeries.
Ag0yAT FRAUD
was preperAted on tho Stock Exchange TO.
day, the greatest in the history of the in
stitutioD. After u second call an individ-
usl handed TO one of the pages of the
board . letter addressed to Moses II.
Wheelock, vice.president which the page
delivered to the gentleman named
read IL to the board. which was
AZ follows:
WESTERN UNION TsLEeRAPa Co,
NEw YoRK, February II.
Moses IT, Wheslock, Vice Pres iient Of
tho stock Exchange:
AZ required by the rules Of the New
York Stock Exchange, you are hereby in
formed that the directors of this company,
after mature delibera.ion, and act
ing as they boliovs in accordance with
tho ultimate best interests of company
have decided to increase tho capital
stock Of this company from 4l,073,sl0
dollars to fifty million dollars. Tho pro
goods OF the sale Of the additional stock
together with the sale OF $7,295,235 Of
stock lately in the possession Of the COM
pany, will be expended in repairs and i'm
provement of the present lines and the
extension Of tho limos of the company 10
nearly ell the post Offices in tho Unitod
States and for the establishment OF a line
TO California and Mexico. The directors
bog leave to state that while the establish
ment Of new lines may delay q little the
expected dividends to stockholders, they
express a con dent hope that by thus taxi
ing possession of tho whole field and of
fectuolly thwarting the establishment of
rival company, the ultimate value o!
the stock will be in no way diminished
and that reasonable dividends can he
paid 1t no disisn. day. Yours truly,
[Sgnod.1 WILLIAM ORION.
President.
ANOTHER LETTER.
Hardly had the reading of thia letter
been finished whom one of tho pages Of
the board was handed another letter sd.
dressed TO tho vice president, which was
road by that gentleman az follows:
Toledo, Wabash and Western Ry,)
February l7lh, 1874. 7
To the vice president of tho New York
stock exchsnga.--In accordance with tho
rules of tho stock exchange you are here
by notified that At the expiration Of thirty
days this company will iesue n HUNDRED
thousand shares of additional capital
stock, increasing tue common stock of the
company from 10 to rs million dollars.
The proceeds of such additional shares
will he used for the purchase of new roll
ing stock and engines, and for repairs of
the present rolling stock; for constructing
new bridges, for building additional dou-
bic track, FOR tho purchase Of steel rails,
Tor obtaining Improved terminal facilities,
and for other similar purpose. of the
company. Very respectfully,
Signed, j. ID. Cox.
tn. reading of these letters caused
great excitement on Change, and immed-
Ately there was general stampede TO sell
especially T., w. IL Wabash.
Amid tho general confusion some of
tho members of the board had good sense
enough to examine the letters, and being
familiar with tho signatures OF Messrs. |
Orth and Cox, pronounced them forgories.
The officers of exchange Immediately sent
letters to the Western Union telegraph
and Wabash Railway company. |
Tho Wabash letter IVES returned with the |
note o. the foot
"Tho above is not genuine Mr.. Cox !
Is in Toledo, and there has been no meet.
ng; neither Is this Mr.. Cox's signature. |
[Sened1
p. W. BRIGGs, Transfer Clerk.
NOTE FROM oRToS.
Mr.. orion sent tho following reply on
,ehaif Of his company:
NEW YoRK. February II, 1874.
70 H. G. Chaplain, Esqr., President Slo.k
exchange ! have just learned an an
,ounceniont has been made on stock eX-
hangs that the directors Of tho Western
Union Telegraph Company have recently
'o;od to increase their capital to 10000
100, This announcement has no
oundation in fact no meeting of
directors has besn held for several
months, nor has the matter VI the increase
# tho capital stock of the company been
subject Of consideration at any meeting
II tho executive committee
WILLIAM ORION, President,
Detectives are already on the truck
# the perpetrators of these forgeries.
Il IL expected ths. n handsome re-
ward win DO offered Tor the de-
soction OF the foreers. The vice presi-
sent is blamed hy some Of the members
for reading letters without fret consulting
tho president OF the exchange, and il
ID stated that this matter put
under discussion. Every effort will be
made TO ferret out this audacious swindle
on the stock exchange.
The Commercial says tho most GUS
picious feature Of the nefarious transac-
ton il, Mr.. Whsclock assuming TO act AZ
viccS president and reading The forged
communications from tho Western Union
Telegraph and Wabash offices, when no
il nothing moro than chairman of the
floor commute. Mr., Wheelock is an old
member Of tho stock exchange and has
a reputable character up to this
Lshaax.a. L.. I