Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1874-11-04

tho company tried to compromise tho
case and gct back tim fiAdalcnt ccrtifl-
Gates on which thcy had obtained
loans. Mr.. Jones, Vice President of
the Reading Railroad, whose stock was
among tho forged securities, would
not consent to any settlement, but in
sisted on the prosecution Of the guilty
persons. Ho employed private de-
tectives to sift tho conspiracy to the
bottom. Ebert the manager, was in
durance u few days, when he made a
confession. He admitted that tho
company was started on ono share Of
Reading Railroad stock, worth about
s57. Tho certificate Of the stock was
bought in the name Of Caroline Ebert
and Frank b. Ebert without their
knowledge, and after being raised to
two hundred shares was fraudulcntly
transferred to him TO enable him to get
loan on IL. The object in altering
the names was to mako detection diff.
cult il the forgery was discovered. A
loan Of $4,000 was obtained from tho
Union Ranking Company on the GER
tificate, and then another certificate
was bought. The money which was
realized in this way was used TO hire
the Office and buy other certificates of
different companies for one share Of
stock each, aud these were raised to
represent 100000, the capital Of the
company. Ebert said that II was the
intention Of the company to keep all
the money it received for policies
When it had large risk to pay the un-
derstanding was that the company was
to contest the claim, and fail at the
last moment. II was also the plan to
sell the shares of the company, held in
trust by the President, to Innocent per-
sons, 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 sparc-~-prcsidcnt Halfman
was asserted to be the protector of the
fraud. v
Ebert said that the crasurcs on the
certificates and the forgeries were the
handiwork of man who had been in
troduced TO him as Charles Ripley
The introduction was given in Taylor's
Hotel, Jersey City, by Louis W. French,
the Secretary Of the fraudulent Ho-
boken Insurance. Company, who is n
cousin to Elbert.
He added that he paid Ripley $4,000
to go to Philadelphia and forge the
certificates, and that he addressed let
tors TO him at saloon at 1903 Bridge
street, Brooklyn.
The proprietor Of the place said that
the person who got the letters sent
there was known to HIM as Charles
Ostcnd.
Detectives watched the saloon for
ten days, and ON Tuesday they saw a
man answering Riplcy's description
leave the place and go to 2G6 Washing
ton street. Detectives Folk and Cor
win of the Brooklyn police and another
officer arrested him in the evening
while he was taking drink in the sa-
loon. lie was identified as Jack Can
tor, a noted forger When he was told
what he was wanted for he volunteered
to 60 to Philadelphia without a requi-
sition.
Cantor was released about two years
ago from State prison, whore he served
fourteen years for forging old State
bank bills. During the administration
Of Warden Hubbell ho 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 railroad bond forgery.
lie is accomplished, speaking eleven
languages. He is a shorthand writer,
an engraver, a photographer, doctor,
druggist, machinist, and for some
time past has written scientific articles
for magazines He is 81 years old. In
his rooms in boarding house at 2G6
Washington street, Brooklyn, were
found costly set of counterfeiter's
tools, dies, presses lithographic stones,
bank papers, and inks.--Ne,c York Sun.