The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-08-13

THE FoRGERIEs OF CALIFORNIA AND OREGON
BoNDs-ARREsT OF THE IMPLICATED PAR
TIEs-TELEGRAPH GOSSIP.
After business hours on Wednesday afternoon there
was a discovery made by Messrs Fisk & Hatch, tho
Wall bankers that fifteen bonds OF the California
and Oregon Railroad Company had been counter
feited So well wero these executed however that
when HERALD reporter called the clerk stated that
there were still great doubts whether the bonds were
forged not as comparisons had be made with the
genuine bonds by aid of magnifying glasses Mr. p G
Calhoun President OF the Fourth National Bank, has
since stated that bank official had called upon him some
time ago TO test the genuineness of tho bonds upon
which they about to make loan, and that, being
one of the trustees under the mortgage, he
COULD NOT DENY HIS SIGNATURE
Therefore the loan was mado. The discovery OF tho
fraud duo TO the fact that coupon Of bond No.
1915 had been already paid The California and Oregon
Railroad consolidated with the Central Pacific Rail-
road August %, 1870 and the latter company guaran
tees their bonds which bear six per cont gold interest
and have twenty years to The trustees MessT
Philo @. Calhoun and Eugene Kelly the former filling
the vacancy occasioned by the death OF Mr.. D. s
Dodge 1t will thus be seen what
DANGEROUS COUNTERPART
the point of flooding the money centres OF tho
country. The detectives of the opinion that the
forged securities bore evidences Of sku workmanship
and that premature publicity might defeat the ends or
Detectives Elder, McDougall and Thompson were
working up the case and late Wednesday night four
arrested by thom on suspicion Of being
nectcd with the forgery. They were taken to the
Tombs and afterward rcmanded to the Central Head
quarters The names Of the prisoners are Edward Hall,
George Ray, - Marshall and - Hazerel or HazeweL
The latter person is believed to be important cap
ture but the detectives very properly retcent and
their prompt action is very commendabo 1t is believed
the bulk of tho money loaned the forged bonds has
been recovered The numbers Of the bonds are $780,
bS45, 5,S4e $40 and 5Se6 to 1916 inclusive The
spnaturcs of
THE GENUINE BONDS
scarcely be distinguished from those the counter
fets Mr. Fisk told the HERALD representative yester-
day that detection of difference is most difficult Mr..
Eugene Kelly one of the trustees said he had not yet
examined tho forged bonds, but he advised bankers,
brokers and bond dealers to adopt his rule and do
business with strangers.
TELEGRAPH GOSSIP
still continues to vary the summer dulness in money
circles. The course OF Western Union stock up
ward yesterday II surmsed that the meeting Of the
Executive Committee on Wednesday and the appoint
ment of n committee consisting of ex Governor Morgan
and Mcssrs Harrison, Durkec and Frank Work to
fer with the Atlantic and Pacific Telegraph directors
looked toward n consolidation OF the latter with the
former line President OrtOn yesterday addressed
the editor of evening journal in reference to publca
tons indicating that he had entered into conspiracy,
Arrangement understanding with jay Gould looking
10 the turning out of certain Of his present associates in
the Western Union Board ut the annual election in
October and the substitution OF Mr.. Gould and his
friends Concerning these allegations and insinuations
he says:-
l. It true that desire to be rid Of any Of
Of complaint concerning their conduct toward me II Is
that they have been far lonent and conhdng IN the
adoption Of my plans and in putting upon me tho sole re-
tponsihity OF carrying them out
2 II Is not true that have arrangements or under
standing, expressed implied. with Mr. Gould with any
person Ia his behalf any other person, concerning what
shall be done the annual meeting Of the stockholders OF
the company In October either In respect to directors or OH
GERS then to be chosen
In view Of the fact that have been chosen President OF
the company X UNANIMOUS vote at every election since
the rst and that too without solicitation effort on my
part has not occurred that would be necessary 70
enter into combination "dccaptnton"
No one will question the right OF Mr. Vanderbilt and his
friends to sell their Western Union shares whenever they
choose the right Of Mr. Gould purchase such shares,
even To the extent Of controlling interest But will
frnnky that should be to company in business
with Messrs Vanderbilt, sche aud Banker whose
have been mentioned IN the CIBlnercti, and / would
not willingly exchange them for any of the par
ties who have been named their probable
And now that am, metaphorcaly, my legs let add,
touching the to telegraph consultations The
western Union Company to advantage, aud alb
soutey require within the twelve months 1000 miles
OF additional wires If these additional facilities
CURED OF companies using them In competition with
US apcr than erect them clearly would be for
Interest buy out such companies rather than 20 erect
new wires But we have made proposition for the
snase OF any competing limos and proposition has been
VhiSn 70 accept