The New York herald., 1877-10-07
THE FORGEkIES AND DEFAULTS.

FURTHER DEVELOPMENTS sEsTERDAY-LyMAN
AND HOGAN sIsr TO cATsKrIL-rHE ARC
TIC INSURANCE coMpAsYs CAPITAL IM-
PAmED-ALLIoER BROTHERS, GILMAN AID
HOGAN 80. 2.
The developments In the great forgery and deialca-
ton cases yesterday were but lew. Tho magnitude oi
the interests involved In The Gilman aud Ailigcr frauds
requires hat very careful examination OF the books
OF both firms be made bsorc the iu extent OF the
losses be positively known. II s believed, how.
ever, that tney will not much exceed the estimated
amounts already published IN tue cases OF Hogan and
Lyman Judge Barrett dismissed tho wr,t OF hnbcas
corpus and they were sent 10 CaisAill Tor trial
More trouble has arisen among the insurance com,
paues. the capital oil ine Arctic being impaired 10 the
extent OF $4,000 The directors of the brewers AID
Matslers' Insurance Company have agreed 10
the stockholders sixty per cent tue value OF the
stock 10 make gooG tie Impairment OF their capital
The two latter denoIts dld result IRON any dis
honesty IA tho Management, but omy from the
shrinkaso in value ol securities he'd by the com
panes.
ALLiGgK BROTHERS. DEFICIT.
Nothing new has been discovered IN regard TO the
dcloit oi Adlger brothers. Mr. Richard AIlger,
brother Of Elijah All ger, the alleged deauiter. is
freed from all suspicion IN the matter he retired
rom tho hrm over year ago. Sir. schoonm 4ker the
norant OF his senior partners frauds, and
has been retained the employ OF tue
| American companies represented by the agency.
/. He said Yesterday that Tho BUSINESS oil
the nrm would 90 on as usual. Hc nesitatcs be-
iicvo tnat Mr Anger VA. guity oi any Intentional
wrong aud expects ih,t bu anl make a satisfactory
statement 20 lnc puDhc upon bls ARRIVAL rom Lulope.
Mr Aiii.or saled ifon, J.. farpoo ~ sne steamship
iJohLfs OF tue .unArd lie, icit port
ufusy, sep embsr ~, and touched At Queenstown The
n,xt day, ae y expected 80 arriyc "a lnis city ucxl
an "A m p.tft
traay's HERALD were ainrlnsd 20 b correct by
Mvssrs Bro"a cimpDsiL tie representatives sent
| over uy lno Commeicia. uniun Assurance COMPANY,
o. Loadou, TO Lac Charge u tneir .hey
are engaged IN * nn,"s tae books, bat nave not
yet discovered any iosses beyond .hoss already
pupns"cl. iho "u''soiJ c''hA"''tee uipoin'eu
70 aasst me prese"i manasenen. haYs not
,et nad me- uus Mr. n.ss, OF Mor,ou,
Bliss Co., It's cna.rman, saia yesterday
ter woud oe .et " Mi. Brown who would cal upon
lnc committee on,y ia case oi need Al parties heal
tate to tnink that Mi Aiiisers iTauas wefe deoer.
atey plAaned cut Ie'levs mat ns naa oeeu induced
! thus occss,oned the conpanys 'ossea
II is believed tnat W,iiain e. am hiding In the
ci'y Or its vicinity. Ahele were tumors yesterday vi
ncgotiat ions by his amiy 10 saw him IRON prosecu
lion oy tne surrender to his creditors ot all nis own
assets, which amount TO about sI7o 900 IL runoreu
that before beginning his iotgees he used up
tne proceeds OF his molers estate, OF winch he was
the executor, tha much cannot DC looked
Lnls quarter ihe oihciaia vi the American Ex-
enanse Bank ana Atlantic Marine Mutual
Insurance Company, and tho other parties
Interested, al say that he persons having the matter
~ charge have as YET lea nea nothing mat
tno slightest clnw 10 Nj Gninan's wnricaoouls and
they dsny al rumors oI coinpromIsr. A member oi
the urn Of Messrs Henry laimadst Co., OF Tho
p,incai creGors said that they were engaged look
ins over mr.. 1ilnans accounts Dul had nothing
TO lead them 10 change ,n.Ir original TIE
losses as published YESTERDAY. ne ha4 not received
any propositions for compromise IRON MI Giinau's
family or friends The sa'e would be opened IN u lev
days after tAc examination OF the BOOKS uud then u
! meeting oil tho creditors ~ould be Called.
THE CnEcK RAisERs.
lr. Pinkerton was III great gicc yesterday morni ng
IL del ipct of
j. Z. Hogan No. z, who Is SAID 10 cDnnccted with
tho lrAuus on numerous banks by means OF ra,s,ny
draits Mr.. PinEeiton had discovered The real names
OF the parties arrested, Out desired they shoud
not DC made public, as no wishes TO their
necton with other frauds IN when they were on
gagged and IA which they nad accomplices Who SIN
al large Hogan No. j. the iass OF The paag that
committed the frauds on the American Express COM
pany, but there are other parties connectca with him
ON otner cases.
brought UP yesierlay morning on writ OF
haoeas corpus before Juago Barrett, in su-
preme Court, Chambers The warrants
issued IRON Caisk.i, where, tne complaint says,
there IS reason to beneve that the prisoners
committed forgery. Tho counsel for the pr soners
applied 70 ihc Court Tor heir release on the ground
that the nfhdavit on which they had
not specifically charge tnem with any crime. II SIMPLY
stated that according 10 tho peici o tue party making
the ailiavt they had boen connected with the iorg ry
cases mentioned Counsel aso SAID tnas tneir iaenty
was matter OF doubt The Court Was of opinion tnat
the evidence already adduced was sufficient to hold
tnem lor tr,al anu asmssei the writ rue PRISONERS
were therefore rcInanled to the charge OF insurlons
detectives aud were taken TO Catsk yesterday alter
noon
THE ARCTIC INSURANCE COMPANY.
The officers VI tue Arctc Insurance Company assert
that the dcncit OF $50 900 ound b. the Insurance Do
pnrnent VIII be subscribed IN snori time aud the
BUSINESS vi tho company viii 80 OF usua. TIE total
iiapiiities inciuding caDitai siosk, stated ut
s-52 oU2 IL, leaving net surplus, all iabl,e es
oi $1,000 VI. Tue Insurance. Superintendent has
maze rrqusition upon the company tor $50 uJ0, If.
teen per cenl OF lis pia The AMOUNT TO be moe up
ia cash witun sixty days ihe amount OF stock owned
Dy tnc directors on January /, s3s 400. ana tho
iotai amount ioanrd 10 officers anu directors was
| AL Iila IN. Ana
sJU0U0 bat tns reduced 20 $500 900 aud subse-
qucnty to 5000 Fifteen per TINS al oant
| viii iuly cover the deDcl rnc books OF the com
pauy snow an apparent surplus, but this re-
Sulls from the values attached to The curities
| They held, which have blnce deprecated Mr
Parker, the secretary OF tho company sad 1t would
not be necessary 10 cali u special meeting OF
directors as tnelr regular monthly meauns would
t.ke place next Week. He thought II probable that
they wou!d comply with the r.qaisition OF tue In
surance superintendent TO make up fifteen per centum
ol The capil or S3UUuU ana .ontiDue ihe
the company. Inc impairment of the capital, winch
wts, technically, more tnan $50 QUO, due chiefly
10 tue aLrinkaKao The company securities, although
| paruy 10 depresson oil Uus.uess. Ine securities
which had declined were mostly United states uonds
There would not IN any casc any loss to The policy
, holders.
tax naxwEEs AND MALrsrgRs Insurance. COMPANY
Al III. meeting OF the directors OF tie Brewers aud
Ma tsters Insurance Company, held to consider the
prupfiey vi maAile sood tho Impairment oi the cap
ital, resolution was adopted agreeing make
scssineht on the stock Iur Sixty ol
vauc Ia the holders vi larL the stock
iusc 10 pay III the required assessment within The
stipulated the order oi the insurance supcgneDdc
authorizes the company 20 reaucs the amount oil such
shurcs ~ Iorty centum oi Their present value
and 20 issue new shares par ior the Remaining Sky
| per ctntuni ptovsdhs the company, by this means,
can make up the Impairment lhc total dchcl Is
about sl2J,UOO Mr. Ogden SAID taat twenty-five per
cent oil the assessment had been already made up.
csefaay qaa"ty o. Circulars were sent cut py tue