The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-12-23
A BROKERS' BOMBSHELL.

ARRESTS OF PROMINENT WALL STREET BROKERS
CHARGED WITH FoRGERY-JoEL NJ. HAYES,
WILLIAM MUIR AND FERDINAND HARToG-
TWO HUNDRED THOUSAND DOLLARS IN
FORGED BONDS ON THE MARKET OTHER
ARRESTS EXPECTED.
For SIX months past detectives OF Pinkerton's
agency, aided by the police have been thoroughly at
work investigating q mysterious issue OF counterfeit
bonds OF Quincy City, H., and ST. Louis City, Mo.
These Efforts eliminated last night in the arrest
by Detectives Fields and O'Connor, OF the District
Attorneys Office, OF three prominent Wall street
men, charged with being the negoators of counter
felt bonds to large extent, estimated at more than
100000. Their names were Ferdinand Hartog no
oIics at this time, and residing at No. l02 East
Fty-sccond street; William Muir. ONCE No 81 Broad
way and residing ut No 2i2 West Thirty fourth street.
and Joel NJ. Hayes. office In New street and residing
at No So Irving place.
THE ARRESTS
The arrests were made yesterday afternoon between
the hours OF four and six O'Clock. Muir found at
the corner OF Broadway and Thirty street on
his way home. He taken by the detectives
aud hurried to the Fourteenth police precinct.
where he was confined Hayes was also on
broadway and Ninth street when he was arrested and
also taken 10 tho station house. Hartog taken
Office IN New street All three were locked up and
the utmost secrecy eDioincd upon tho police In rca-
;,on 10 the affair La,er; durIns the evening, Mrs
Hayes wife OF ono OF tho prisoners, drove TO tho
Police Central Onice, and, getting out, inquired
Tor one OF the Commit ssoncrs. Inspector McDermot
was on duty and Mrs Hayes was cosetcd with him for
some tme 1t her desire, OF course, TO have her
husband liberated but the Inspector informed her that
he had boon regularly arrested by the District Attor
ncy's officers u warrant issued by Judge Glider.
sleeve, and 1t was not possible TO liborato MIN with
out an order to that effect A sergeant Of
peuh md
Mrs Hayes was allowed to visit her husband at
the station house. Later MIR. Clarence Seward,
as counsel TOR tho prisoners, 1t was said ar
rived Mt the Central Office, and was cose,ed for
standing the hour, was stun on duiy. Mr. Stewards
residence was visited last night, but tho gentleman
having retired. declined to be disturbed.
DIscovEEED.
In August last william Carrcrc and John II. Hustled
were arrested in Exchange place by Fields aud
81. Louis county, Mo. Those bonds .wero sold
John Huma, No II Wall street, they being asked
TO negotiate loan upon them. IL was thought at tho
upon hS suscs ana agency
was put upon tho case and 'worked" It
with all v,sor. The two prisoners Carrore and
would lmpiicate no one in their schemes The OH
GERS were positive that they Mere not the
snoy deemed tho men TO DO very small small
toads very largo puddle. These
theories, II useems, have proved true. Alter being
some timo IN prison the TWO men, II seems con-
fcssed 10 tho detectives who the principals
were, and made clean breast OF tho whole mat
ter. On their confession, which IL IS understood
duplicates number OF o,ner prominent brokers and
dealers, the investigation began ana tho arrests
mcnccd last nign Carrere and Hustcd, In the Court
OF General Sessions, on Tuesday last, pleaded guilty
and rcmanded for trial.
IL is believed that the three arrests made last night
but tho warnings of largo number TO follow, and
u is known that two more persons were expected TO
have been arrested but could not be found. 1t Is
a MI ed m IN hers
OF the largest, most powerful ana best organized gang
of bond countorfeiters ever unsartncd In this
try, and that their operations have extended
throughout all tho principal cities OF tho
Union. Who the actual manufacturers OF tho
bonds are, 1t is believed Is well known, and thor
arrest s only question OF time Al the late hour
last night tho affair first known 1t impossible
to ascertain many particulars OF the manufacture
or uttering OF tho bonds, especially tho police
mute on the subject, and Fields and O'Connor
could would not be found; but enough could be
learned to warrant the belief that tho case would
evcntunte In some astounding revelations