New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-03

s2s5S7O

Totls................-........$ $500 SZoO'ofO
MI Gilman did not deal in insurance scrip alone, bus
included in his business bank stock, nre INSURANCE STOCK
and recently, otner classes II security II was stated
last evening" to gam access to the bahAs, th"s
two shares OF bank stock had been discovered, upon
which the orgers hand plain In one case the hSure
> had bee raised TO 3d. and the other instance nad
been altered to co. The value OF this stock 10 re-
orted at $780, and the forgery IN this shows THAI SlOo
had been raised TO 1000 Tnis VIII increase the gross
amount Of the forgeres ~ $2l7,39o
OPERATIONS EXTENDING OVER TWO YEARS.
The alterations in amounts show that these iorgeres
have been carried Oh continuously for over two years.
No class OF securities could have been selected, upon
wnic detection would less certain. The business OK
the Atlantic Mutual Insurance Company Is confined
almost exclusively to marine risks Under its chaf'er,
the net earnngs Of the company are divided among inc
policy holders, at such time as the trustees may
order The rule has been make the divisions once in
eyer, four years From time Inc monthly stare
nepts OF earnugs credit is placed 10 the account OF
pycy holders, aud certificates issued when called
for for the amount due. They snow that tue poilcy
,oAer indicated is emitted to- say $780, OF tho
profits Of the company. Affixed to TINS IS
fbe date OF issue. the certificate being signed
nv Charles Dennis, Vice President. and j. H. Chap-
man. Secretary. one OF the supulations IN regard
to tine negotiation OF the certificates Is that no trans
fer Will be acknowledged. uness m de ON the booAs OF
The company. When sales afe made, tho old scrip is
cancelled and new scrip issued, in the name OF Ins
purchaser
Tine firm Of W. c. Gilman Co, lad been engaged In
Insurance scrip BROKERAGE for forty years. William
a. CIln.r the author the fOrgeres now discovered,
entered the Office his father, when lad, ana has
grown ~ IN the business twenty years ago he vas
made member OF the firm, the name being changed 10
W,iam T. Gilman & son. Thirteen years agO TIE senior
member of tue irm died, leaving the SOU moderate lOt.
uue esumated at 100000, ana Tie business wlch hai
been built up aud maintained Dy the Iataer iHe eou'
I'm course of ume changed the frn name 10 Mlulam Z.
(uau which appears IN prominent pace on tho o.
nee door, newly glid letters. Tue o.d signs wore
not removed nOWevtr and ar, Guy oFcf inc .-st.
partially ObllteIatrd ~ exposure ibc once
il FURNISHED plan ~, aud nowhere II there any eyuenco
of rx,rayaatnce Ihe furniture ID sntiguased, the TWO
desks beng solid mahogany shd oI pattern anu
style Unknown To modern times -, a..
AGED elerk was the only occupant OF te Ohccs yes.
terlay When asAed II nc. Gilman was ln' ne tcspohu'n
Sup ana To sue inquiry "MneD do you cAp.es MIN :
he wakr ard tie door witn the quiet Out emphatic
re,',rk "ie went out OF town ON SATURDAY ana D.s
mai Wi returned" The porter asked the CLERK
=, uiruish Information as lie pOSscsscd OF
ais employers aOsehcs ana tue causes 80 -, ~
T., A. Tue old geutlenlAn was Hisloy Ah.cte'l'
and MIA naggard appearance sustained us statement,
at he nad MT slcp1 Wink since uo Aead Oh tne 'sI
hIe st,ry oil Mr. Giinafs misfortune tie said: - 10
uOL WISH tn b. rude, nut wien say t'a 10 10. w ~
10 TAX ON the subject mean IT, nave Orth III hr.
Cimaus employ Tor nearly fourteen years, anu bAso
never seen Al, thing IN his behavior OF business relS-
tinn. except tnaI winch became an hOuest man an
Al a luss Jo understand what All ths sto'y
means IL has upon me 90 suddenly thi. = sm a.
most osrated. know notnns ABOUT u, ani ~ 49,
Inns what TO think OF L" Tue reporter suggested ttt
hank officials aud business men genefanY s"vsy nsy
of Mr. ,,,linau 10 winch tue clerk Responded lSs. No
man, unt tnis story was t0u' ""S "0' '
AID more hgnly respected. -. e.,nrdav he stated
that he was going 10 Norwich ana "ouiuNe' ~