New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-14
THE LATEST EFFORTS OF rORGERs

DETAILS OF THE LOAN By THE MECHANICS BANK
ON THE COUNTERFEIT CALIFORNIA AND OREGON
BoNDs-THE PRISONERS IN CoURT-AN ARREST
FOR TRYING TO PASS A FORGED CHECK
A TRIBUNE reporter called yesterday after
noon on b. b. Sherman, President, and W. II. Cox.
Cashier of the Mechanics National Bank OF this city, TO
obtain information in relation 20 the loan Of 500 made
by the officers bank the counterfeit bonds OF the
California and oregon Railroad Company and i'll relation
20 their transactions with Mr. Emnons the note broker
Mr. that the bank officers had no doubt OF Inc
good Of the broker He had made inquiry as to the
OF the bonds at recognized Offices Of the
Company and had submitted the bonds to p G. Calhoun,
Presdent of the Fourth National Bank one OF the trus
tees Of the road for vericaon of his signature and
was Informed that "it all right" After these pre-
cautions made. The discovery of the fraud
was made in the following way Late in the afternoon,
and after the transaction had been closed in recalling
The details Of the loan, Mr. Cox thought it somewhat
singular that the persons who held the bond. had not
eod them at their market value 80 cents on the dollar
instead of borrowing the money Of the bank III they
wished TO have investment i'll the bonds OF this road
they could easily buy them in again, with the
probabilities in favor OF lower price. Feeling
troubled over the transaction, Mr.. Cox took the
bonds TO Fisk Hatch and asked them TO compare the
numbers with those their books and To examine the
bonds closely. They discovered to he counterfeit
and a return Of the money loaned was demanded OF Mr.
Dinsmore. This demand Immediately complied
with Mr. Cox said he had doubt that IL the In
ntion of the forgers to operate to large amount in
these bonds both in this country and in Europe This
shown by the fact that the loan had been negotiated
"between the July and January coupons, at "a time
when the payment Of the July coupons was wei out OF
January could he collected to hood the market
with this fraudulent issue.
had caused the officers Of the bank some anxiety as to
one other loan which had been negotiated by Mr. ED,
them So GOO on EewYorf Central Railroad real es
tate bonds Of 81 900 each OF very old issue CareiHi
tpoui hctt epu ms ale
not yet natured In view of the care with which the
S Ss hsa eSsH sss wod
&c genuine hut the rsceut DISCLOSURES had excited sP-
zion The present officers Of the NewYoIk Central Ka,
road familiar with these bonds and they VIII be
submitted 70 Mr. Worcester formerly Treasurer OF the
Messrs Hazewel Marshall, Rae, and Hall, who were
arrested on y and md Ty on an ehs Oh ga
road bonds We're taken YESTERDAY for before
aHeweii and Marshall we're represented by Charles W.
Brooke counsel No testimony was taken yesterday,
defendants not being fully represented by counsel and
Detective Elder desiring that some person from The Dis
For his own satisfaction Justice Wandel asked J. l..
Gates private secretary Of G. r. Huntington FcePresi-
dent Of the Central Pacific Company TO give hisopOn Us
"a to commences Of the bonds, of which was
lhown him. Mr.. Gates said he very familiar with
the bonds of the Company many OF them had passed
through his hands The signatures he said were very
anely executed but the general appearance Of the bond
was not ike the genuine also the vsnette in the
lefthand corner was very poorly engraved MI Brooke
was denied until there should be consultation with the
District Attorney Mr. Brooke also said that he should
move to have the complaint dismissed entirely. Mr. Rae
wished TO make statement, but Judge Wandeu said he
had defer until the proper time The prisoners
were in charge OF Detectives Elder Thompson and Mae
dougal the three officers who made tie arrests. Mr.
Brooke wished that the examination should to-day;
but Judge Wandell to be engaged all day 1t was
finally adjourned by mutual agreement, until Monday
morning, at 10 o'clock
ATTEMPT TO PASS FORGED CHECK
young man named Robert j. Wood was committed
for trial yesterday by Justice Duffy at the Tombs Police
Court the charge OF attempting to deraud the Broad
way National Bank, ct Park-place and Broadway, by
means OF forged check. Late Thursday afternoon,
Wood who says he Is only ID years old, presented
check for $500 so, purporing to have been signed y
Preston H. Hodges OF strstfOId COnD and Endorsed by
". A Rock. The paying teller was surprised that q
check for large amount shoud have been presented
by stranger, and Therefore detained Wood until ingui-
es could be made by telegraph lwas ascertaned that
the check had been forged payment refused aud as
Wood had said that the check had been given to him ny
q man who TO meet him again near tho Han
of Records the youth allowed TO depart but was
followed by some Of the bank officers. When Wood
arrived the place OF meeting the he was TO meet
was not be The bank officers therefore caused
the OF Wood by Capt Leary Of the City Hall police
on the complaint OF A. r. j. Rice, OF the teers and
Wood held for trial yesterday in default of 5000
bail Wood said that he had been ont OF employment,
and the had promised 30 him II he would take
l,aekf In fheh auk d,-eff he