The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1877-10-12
xoREeBANk PAPER RAISED.

81 MoREsBANKP PAPER RAIssD. A.
A " ..Aere.ny s,nIse ..a s"ece..Hia
way OF s~ina''"s. -
New York SUM-
Detective II. A. PinkertOn and ms
assistants have been for two 1nohtns
trying to hunt down the CHER OF
gang of check raisers amt forgefs VINO
have been operating successfully IN
various parts of the country for over u
wear. and who have selected banks ana
express companies almost entirely 10
swindle. They worked in couples
One would 90 to a bank and purchase
4 draft on New York for \ large s1m,
usually about 81 500. Later, he would
purchase q draft for n very small sum,
seldom over $40. The two drafts were
then given to the "raiser," who did
the most skilful work the officers have
ever seen, and who is supposed 10 10
William HI. Lyman. In short utne
the small draft was 'sraised" To % the
duplicate OF the large one In every par
ticular Of numbers, amount, &c. Next,
one of the operators would go to anoth.
er place with the "raised" draft and
send it to New York by express for
collections; or come to this city him.
self and have it cashed through some
respectable person. Immediately after
| he got the money he would Telegraph
words previously agreed on to his con-
federate in the place where the drafts
were purchased. The latter would go.
at once to the bank, and preseptt06 the
raised draft, ask that the mOneE b re-
funded, giving some excuse for not
Using it-either that he could not be
identified in the New York bank and
30 could not collect 1t, or that the basi-
ness no wanted 1t for had not been con-
summated, or something Of the sort.
The bank officials would recognize
him as the man who had purchased the
large draft, aud give him hack the
money. OF course, he would quickly
quit the place, never to he seen in It
again. When, in the due course of or
binary business, the other draft was
sent back from the New York to the
country hank, the forgery was discov-
cred. .t'lt=, -5.' 90
This swinClle has been so successful
! that the gang have realized over $40,
900 by IL, and it is probable that rs
, new discoveries are made the estimate
! will he increased TO a much larger
, amount. II they had not used the ex.
; press companies they probably could
, nave continued tor a longer time al
} work. When a collection was made
. directly in bank that was the end o
it. The bank officers argued that i
3 would cost more to pursue the fl'gitive'
I than the amount they were swindlet
3 out of, and so quietly submitted to tn
3 loss but the express companies ha6
}. been bitten but once or twice befOr'
3 they determined to spend all the none!
;. that was necessary to break up tn
! gang and to secure the chief.
q The American Express COmpan.
g ti,ereupon engaged Detective Pinkerto'
< to prosecute the search, and after un
;. remitting labor, he has brought it to
It successful close. ssWm. HI. Lyman
h stenographer," has an office ut "a Par
, row, and there he was arrested o.
e Tuesday afternoon by Detectives Fiel
and O'Conner of the District Attorney
e Office, charged by Pinkerton with bein
% the leader, as we'll as the skillful work
n man who altered and ssraised" tn
drafts they used. He submitted quie
d Nv, and had nothing to say. In h
y, office were found all the tools and IN.
IL terials necessary for the work-chem
r Gals for removing ink from pape
ir various kinds and shades Of ink, an
hair pencils. Between the leaves OF
book were two drafts for small amour
from bank in Troy, one of which ha
already been touched with chemical
, , They also found split paper currenc!
-. and most important Of all, spl
United States IS greenback, the sid
a. being separated one from the othe
q The government claims this to be in
~, possible with the paper now In use,
~ which silk aud hair are interwOve
~ !. G. Hogan, alias George Brown, su
~ posed to he Lyman's partner, and Il
! principal .sshover' of the raised draft
80 was arrested soon after his princip
- was secured. ".' -
! "I should have no objection to n
wife's reigning," said An affections
! husband, cif it were not for the "a
: that when she reigns she Ia 50 apt
2 storm also. -
IL Atlanta renews the proposition
g. donate City Hall square and build
o. capitol AS good as that In MilledgeVf
sO7 IL that citv ia selected for the capital.