The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-25
swINDLED BROKERS.
4 Sequel to the Recent Wall Street Forgeries-
Arrest of E. d c. Mckay

FOR seve,-ai days past the special committee
appointed by the Governing Committee of the
stock Exchange t. investigate the recent forgeries
which deprecated western Unionn ana
"wabash" stocks neany three and half per
cent and caused quire tempest ON the market
until the frauds were discovered. have been
WORKING LIKE BEAvEks"
to trace the forgeries to the 6iginators and pun
ish them. They qnietly allowed the impression to
90 abroad that they had practically abandoned the
case and The fact OF their having offered no re-
ward rather encouraged this idea. Meantime
their proceedings were kept carefully secret, even
from the members oil the Governing Committee,
as they had received full powers in the mat
Ger, and on Sunday night last 1t was
finally decided to make an arrest. They
had been In constant communication with the
detectives and 1t was arranged that the members
Of the special committee should 10 the Tombs on
Monday midday make aflidavit as to the facts they
had discovered during their investigation OF the
matter, and apply Tor warrant from Police Justice
Bixby for the arrest Of f. d. G. Mckay, whose
EXTRAORDINARY STATEMENT
to the Governing Committee on the subject of the
forgery was recently published In the HERALD
This warrant was placed in the hands OF Detectives
Sampson and Farley, o. POllce. Headquarters, and
at late hour on Monday night they pr0ceeued 10
BROOKLYN and called at the residence sn o. mi.
they were told, was out and would not return
until late hour, as he was spendng the evening
with friend They stationed themselves outside
the house and it was long past midnight
before Mr. Mckay came home. Between seven
and eight O'Clock yesterday morning they entereu
the house ana formally arrested their man. When
Mr.. Mckay saw the detectives he seemed
VERY MUCH SURPRISED
and shocked, but expressed lis Willingness to go
with them at once to New York. A carriage was
called and they crossed the Wall street ferry to the
city, where they first visited the Office OF Mr. s. "
Whtte in Wall street, Mr.. McKay's broker, where
that gentleman said he had some business to trans
driven to Police Headquarters. in Mulberry Street.
At Police Headquarters MCKAY relused to
supernte aS Matse Sell " He was subsequently
locked up and no one was allowed to see him. AT
napas saree O'clock ne was taken 20 Ife t3nS
in custody of Detectives Farley and sampson.
The following are the aflidayits upon which the
warrant for Mckay's arrest was Issued by Justice
Bixby:-
Guy and County Of Neo York John B. Norris beings duly
rnd s asSsf mat he Of
%ember OF the stock Exchange and of the Governing
Of three members SAID Governing Gomm!tee appointed
70 d as s aps he set
.n e 0s nna bs the ar pss
stocks and the shares CORPORATE companies is
Ing Broad street N II he city Of New YORK That
s f"s :a$
provides that corporate body the stock Of which
@ Esf 70 It's ts
50 70 90 70 the said Exchange thirty days before the issue
THAT on the 18th Day Of february ISL. onsEDc.
@
Sy 5
sS f be rs 'f 5l t
@ Hs Il IT. sst #
- Ss
~ s!ss VIZ
s% s same 70 ny %
n s at
two per cent contrary to the statute in that case made
he that the Ct IN dsy Of
as I ssa ssw
ss and Sy
announcing to The stock Exchange that said company
l. - !sSs
SSs sss T., order that b hey I might chase the
nan
IS
puTDor!Ins Be The letter the said COX ana pre-
nexsd Hereto and did PROFIT from Decline '% in PRICE
And deponent further charges that the said D. C.
Mckay at the city OF New York the 18th February
1874 with intent to detraud this depOnent and other
members of the New York Stock Exchange did falsely
make and alter the entries letters hereto annexed,
purporting to be the letters OF the two corpo:
rations-the Toledo. Wabash and Western Railroad
Company and the Western Union Telegraphic Com
pany-and delivered said writings TO the Stock
Exchange which then had business transactions With
said corporations by which the value OF the capital
st0ck OF said corporations materially diminished
and affected contrary to the statutes and against the
peace OF this State. JOHN b.
Sworn to before me this 22d day of February ls74-B
q. BIxBY, Police Justice
He gave his name as E. D. G. Mckay and his
address as No. la Remsen street, Brooklyn. When
asked II he had anything to say, he replied,
II am not guilty."
He was then held to answer the charge Of con-
spiracy to defraud In $1,000 ball. The bail was
promptly furnished, and MI. Mckay left the court
With his friends