New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-05
THE GILMAN FORGERIES.

The secretary OF the Home Insurance Company stated,
yesterday that this company held altered scrip what
ever. and had loaned $4,000 to Mr. Gilman on Atlantic
Mutual scrip verified genuine. OF the value of $1,000
He said that the loan originally much larger. and
was represented by $4,000 of Atlantic scrip but he felt
sure none Of it raised 1t was not for large
amounts. "About month ago." he stated 1--WE called
in $4,000 of this class of scrip, and when Mr. Gilman
handed MS the money we returned the scrip. He had
applied for another loan and declined e." From an
Investigation OF the hooks ~ the offices OF the
Atlantic Mutual Insurance Company. 1t was found
that the total amount OF scrip standing TO the
credit OF W. c. Gilman about $4,000. or TINS
the Home Insurance Company holds $1,000 that is gen
une leaving only 5000 outstanding. " II that COM
pauy held 81 900 month ago." remarked a marine
Insurance man. then large amount OF the scrip must
have been altered and the three outstanding shares
are almost positively to have been raised to $50
600 singay enough they represent the precise dher
ence between S47 600 originally held by the Home,
and the $1,000 OF genuine scrip now IN ITS vaults
When ASKED WHY the $4,000 withdrawn by Mr.
Gilman paid for I'm cash. the secretary said that he
could gvo an explanation, bat preferred not to do So
George Coe states that when he received information
Of the forceries his FIRST act was to examine MT Gil
mans bank account and he asceraned that his checks
given the regular course OF business except
few for various charities. aud small Sums, NOT
exceeding 500 ut time. for family purposes The
statement by some of Mr. Gimaus friends that these
forgeries have been going since 1879, is not
confirmed vice-Presdent Denis, Of the Atlantic
Mutual states that the scrip Of that and much later dates
las been called in and II orgeres had been committed
they would readily have detected. Mr. Gilman"
he adds never applied for scrip to replace any
lost or mislad and only IN instance dd he report
certificate lost All the scrip standing on our books TO
LIS credit. Is accounted for hut three shares
and they were originally issued for small
amounts" The date Of the first forgery is shown
10 have occurred on January 16ls76 certificate is
f1aa faFna NlEI Ia
pice OF the Atlantic Mutna which. before that, had
been almost daily. grew less frequent and recently al
most entirely ceased. and occasoned much remark As
e. the exrsvagant habits Of Mr. Gilman. as claimed by
some OF his friends, all who were intimate with him
deny IT, and insist that HIS losses were made in wild
sp,.aIaons in stocks which will he ascerained when
access is obtained to the private memorandum and
check-book locked UP the safe in the outer Office This
will not be done for the present the general creditors
claiming that the accouuts belong 20 them equally with
Talmadce Coz and that the latter attempt TO NEEDLE
with the safe they viii stop II by injunction.
PROPOSITION FOR COMPROMISE
twas ascertaned yesterday morning that efforts we're
being made by some Of the relatives Of Mr.. Gil
man. 10 secure compromise II was stated
that Mrs. Gilman and the forger's three sisters,
had made proposition. through male member OF the
family that Mrs Gilman would surrender her house and
furniture and separate estate and the SISTERS wonld as
sien their interest Their deceased mothers estate. II
fhe creditors would surrender the evidences Of Mr.. Gil
mans crime and agree not 10 prosecute him climinalv
m addition % thls, 1t Is understood that the available
assets Of Mr. Gilman 10 be turned 10 the vic
TINS Of the f0rgeTies These assets are as follows;