The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-08-07
THE FORGED WAREHOUSE RECEIPTS.

ST.. LOUIS, Aug. 6.--Addltlo.lal Information re-
garding the alleged forging vi cotton warehouse
younger members Of the firm Wise WHY Oorman,
John r. Butler and Henry s. O. sden had nothing
to do with or any knowledge Of the matter they
were released from custody.
Bethel G.. Alexander the senior of the firm, is
still in possession. statement made this even
ing says the forgeries began Jout Six months
ago, and consisted Ill forging the signature OF L.
W. Robinson, clerk Of Christian Peppers cotton
warehouse. This, he alleges, was done by Chas.
Sheppard. confidential clerk, who however, in
dignantlv denies it.
Alexanders says the forgeries were committed
for temporary relief and not for tho purpose OF
fraud Ii they had not been detected he would
have been in position, in fifteen days, to take
them all up and should have done so.
How many OF these forged receipts have been
issued is not yet known, but it is believed over
100000 worth have been hypothicated at differ
ent banks.
The bank officers are reticent, but it is toler-
ably well known that the German Savings Insti-
tuition held 81 900; the Fourth National Bank
about $50, 900; the Third Natio al Bank about
S4O, UOU; the Bank Of the West and perhaps one
or two others, and two or three business firms
and individuals, are involved In small amounts.
package OF 5000 and cheek for $1,000 was
found at Alexander's residence after his arrest.
The money was identified by the cashier OF the
Bank OF ST. LOUIS, and return, to him.
Attachments were issued this afternoon, and
the slle III LOOK POSSESSION Oh Inc SLOr0 anu
effects vi the firm and so levied 21O bales Of
cotton in Peppin's warehouse, between two and
three weeks ago.
Phelps Bros X Co., OF this city, bought s25, 900
bonds of cotton Of Alexander DOrmau Co.,
paid $4,000 thereout, and received the genuine
warehouse receipts. This firm this evening
garnlsheed tor any amount over the sum that
may be due A. Derman & Co., but it is thought
this action will not stand i'll the court. Alexander
states that the firm has assests sufficient to
ofkk t,ns,
The firm began business here about one year
ago.
ST. LOUIS, Aug. g. Bethel c. Alexander,
charged with forgery of cotton warehouse re-
reipts, made full statement Of his affairs to.
day, for the benefit OF the public as well AZ his
creditors. He says the first forged receipts were
made last December to prevent suspension or
failure in business, and that none had been
issued since April. The whole amount OF spuri-
GUS receipts issued cannot be ascertained, Tor It
appears he made new ones to take up the old
ones, the sums he raised on them become due.
In the meantime he used genuine receipts in
the usual Way and in June he had near.y 1900
bales Of cotton. out OF the proceeds OF which he
proceeds of the cotton sod Phelps Bros. Il Co.
would have reduc ID tn, bad receipts one hall.
The total amount Of the forged receipts now out,
h. says, is 1857 900, distributed as follows:
Bank Of the West s42,h'0; Germania Savings,
81 900; Mechanics $50 00J; Fourth National, ur-
covered, slO, 900; Third Matt nal, SO 0D0 Fusz V
Becker, commission house. Si2,0 900; Hon krasts
Wells, sl4, OBJ HIS assers he asserts are worth
! $50, 900; liabilities S3l3uU. He rtfefs to the
TACT til 1t all the m pncy raised on the bogus t.
C lpts was put int, hi. bus instead of bling
sp.rlted away, evidence that he did not really
intend t. defraud any one. H. aequits his part
nrrs Of tbs BAN. entirely, saving they knew
no nj ig Whatever Of his If 'ulu.ent actions.
He is still in prison, aud vii probably rmaia
tn re until /. is decided what action shall be
taken lii the matter His creditors held meet
ns this evening 10 discuss what shall be done
in the premises. Du. the result has not Yet ans
pred Alexander offers to assist i'll the setsl
IN ent Of the affairs OF the firm, aud says he can
do it at great saving t" the creditors. He FANS
he paid young shepard $1,000 for making the
forged signatures