New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-10
The UNION TRUST COMPANY FORGERY.

The UNION TRUST COMPANY FOhGt.ib.
HORACE Z. BROWNIES STORY OF THE TRAEsACTloN.
Tie hearing in the case of George l.. Max
well. who accasci Of being implicated in the forgery
upon the Union Trast Company, continued yeste?-
day before Justice Duffy the TonIbs Police Court
Maxwell WIS subjected TO a severe DENOMINATION
which developed many circumstances Several Wit
nesses ci!el to establish points previously made
by the prosecution Cor sustain others that raised
by the crosse examination.
Horace L. Browne gave the following testimony
Maxwell ard had had several conversations on The
subject Of purchasing gold for large institution but II
was not until Dec. 10 hat placed similar case
before him. ASKED him, ASSUMING that Large nsuI-
ancc company or savings bank in trouble and de
sired make good showing OF nominal assets Dat al
FIRST must buy gold Government bonds that coiid
easily De changed without leaving tracks, what re-
sIlousibifty the broker who undertook the business
would ncur Two days afterwdrd Maxwell said that
there could BE- risk in doing the business tod him
thai in that case there money be- made The iHs
truop to which referred hal wish i've diff
f-rent hanks but the largest with tae Union
Trust Company. This inactive account and
only used when the checks drawn .were large, prob
ably seldom ass than $4,000. OF thegoid purchased %
Der cent was 10 90 Institution and ~ per cent
.bo,ld he divided 20 per cent gnug the officers and
% Der cent 10 brokers FOR traHsaeting dllscf"
b,r.ine.F In IN. subdivision Maxwell "a nave y
tTfer Inc ,lia-;tion Siaxwe sad that If The
eorre- oudrnc- came 90 MIN officially ne NouG M Wiling
~ b.iu al once. | subsequently told Inn that TIC
bs,re II tLe Union Trus; Company drd down Z"
- ~ IA Nd .,id tI1t n yaIld be uprctIciha ~ have
il lowered ady fuTtAeT. WDiie 80 dinner Oh De- ~
nnt, "a -,nr 10 mo and / informed maxwell tla the
s,, ,,,'rf b.a- ON IAN ." ON Jan. 2" Browne
continued, Maxwell informed NE tat 10 Ail l'cSlNe"
Yurk Life Insurance Company / TOD hiil Una. We
VI , ,..nf 20 lI;lxsells ofilcc again nc slit he
49, JSci,. that evening | again saw Maxwell and he
d AZ SSdH Ina, i etltrs taai he . were
ls 4t
otHciIs OF tle cuupIuy the letter accompanying th
in Us Ii,eJ Dr tieorg- Meyers, jr the next
a. .,Ics mon Chadwick who said that Meyers used
~ b. chief crR III The conpany's Office. and that ne
ttcrs 10 Mxwei! should III lature he ul unqursu1nab
autnurty ~ hour altcrTard saw SilhNtii again. anu
he SAID JiIa 4 >enger iad brought etteI piyoiJ
signed, aud he NO" wac aDe 20 s sec ho,i, ~
the Nlo% u' H.. .y.s ne answered some ID
~ 10 nam 10 rf,n aw1y II by any InIdyertcncy this
.pomk a. glrurnt To- gli5, dEe the officers ~old ne
mi-,a-. n they paslcd 10 tlc Nlu - O'n.''
a. ar ,ig,iI,, fu ch,.A forgery, bal probably tnre
nj - ,u unra.,sty tor that Later ilat dal Max
tie messenger hAd fditi i'I III -" -
be- a gwen n,tu only $4,000 because DC could No hL4e
1,"r c.,uI.I. 80 IS 10 take Out the eounisoI IL
adued that oud h.d nIdc N stake II put.lrili- ,.o
80 rud i,, l,;,t Was hard up and nidst nave so!ne
.nucy lie aferwaTd let have IOl 81 SletiIDacl,
-, yi, M. "a! Was 300, bun he never DouSht Foui
~ w. r. a., =. on Ian told Aia4w. tlat tiIeJ
a. tuer god. h look a 9lC,tDo E"it chIlinc"'e
from lis poeAetDooA, ana 'o'" col ni at one
~ ,nI Inc sn 600 ma. lie Was short 20. frien.,
Az lTu,Drrl 10 introduce III Tho SID ltt'uIJ "h'i
o.. ii,c noi.s OF 81 200 each . bag 81 got: com
9uouufiuL 10 S5CuU Tie coin 500 q" "a n Ii..'.
,r clrr-ncv. TN i've certificates s''" -
sas, some ~ tnu currency - Uet. nr;t - tN.i''
aud d. ,O.it.d $500 seated paeb-e IN 'l' atl. W
,1-i II,t .,, cu.cz was a forgery save by c0'insrt
an .r far tac package ana lie .rtlfil-d tHt i'' ~
az i.ao ms t,,,apf thu1ug lir. FecaHauI IL re
- t,t-, 80 ,liN .e.i Xas p,kzr how get $1,000
f,, - 800 Ii, utotu-i ng inc hiuHoN NY p' 'i,
on :; aaI.In bt.t ga Sht M. b'""" - '"f -ot
tt Itf-i a..
81 a., A. ilr..,. " 'u. for $500 gold. "iii' u Nc
-, mai as. And "a. lh Shti"i. b - i'di'''
& 49, -t-tlrl.f, al ci-o0u Max ~. sIi IN, y"
,ij al ,, III, nID.e uf DusiE =, 'iSi Coo
M Ia, ula -:uheu tsGy Oh y" Marlin 49, "I az
s,,,,Irs id t--i. cJuipltt.tt 80 OEcId,r iarUd-h
'--.t a. .s,rio, ,cr & 60. - Scw->
TIE rAdn.n-tOn viii DO c'"-iAul" d. AO''' " L. ~