The New York herald., 1876-11-23
FORGED RAILROAD BONDS.
A cunrsroxr BROKERS IN TROUBLE.

cURpsToNE BROKERS IN TROUBLE.
Warren n Herrick and wloam swansboro. curb
brokers' were yesterday before Justice Duffy at
the rombs Police Court on charge OF completely In
Tho passing forged bonds of the Chicago Milwaukee
and ST. PaG Railroad Company. ON Saturday after
Hcrrck called upon Bates & Bostwck stock
brokers, OF Jaunccy court, and LETT with them what
purported 10 be FIVE bonds OF 600 each OF ha above
railroad. desiring TO have them negotiated for cash.
The bonds taken tho company's onice and
verified genuine on Monday they sold
Mr. Thomas Denny. OF No 81 Wall
street. and Bates Bosiwick subsequently,
pad 10 Herrick the proceeds Of the transaction. minus
the usual commission. The bonds only few
hours In Mr. Dcnnys possession when he discovered
they were iorgeries He Immediately returned them
to Bates Co., VINO lost no time notifying the Stock
Board OF the existence OF the counterfeit paper Tho
Law Committee OF the Board at directed Detcc-
tive sampson to WORK up the case. AS Iierrick was
rather well known ION tho street. trouble
perienced N securing him Tho detective found him
at No. 20 Park place. When questioned IN reference
10 the bonds he said they given him TO dispose
OF by Swansboro, and that he had got his commission
OF S25 on the sale. Swansboro was shortly after ar
rested In Vessy street by Detective Doyle OF the Gen.
trail once
James NJ. MeKnlay, Transfer Agent of the Chicago,
Milwaukee and 81 Paul Railroad was called by Justice
Duny and testified that the bonds acre submitted 10
him for examination by Mr.. Denny, and alter close
scrutiny he iouna tna he seals and signatures we're
uinc, he could perceive difference between them
and the genuine ones in that respect.
Mr. Hcrrick testified, already stated, that he
got the bonds from swausboro. He had known
the latter for twenty years and had the
utmost faith In his honesty. He (Herrick)
had not the least suspicion when he offered tho bonds
for sale that they were not COOL. Swansboro when
called upon TO explain his possession OF the bogus
tcles, said very naivey, that ne received them from
Canadian friend named Charles Withercw TO put on
tho market, which operation he caused TO be done by
Herrick Swansboro admitted getting a commission
OF $50 He could not say where Witherew could be
found but the defendants counsel remarked that
everything would be done to hunt up his whereabouts
The counsel moved Tor his clients discharge on The
ground that no guilty knowledge could bo Traced TO
either OF Them. Justice Duny said he could
not hold Hcrrick us u pdrftceps cr,mints
| In tho transaction, his account Of
how the bonds into his possession was ad-
mitted by Swansboro; he thought, however, that
there couson between the two in the who
matter. The Court then committed Herrick to The
House OF Detention in default OF 81 900 bail. and held
swansboro Tor trial in $4,000. The prisoner, who
is about iortyfour years OF age, medium height and
dark complexion, said he resided IN fwenty-hist
street, and was at one time bookkecper Tor IL X,
Thurbcr Il Co, groccrs 1t is SAID that large num-
ber Of the coun,ercits floating ABOUT the country
The company's bonds amount 10 about s., 0oo