The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-10-05
GILMANs INSURANCE SCRIP.
The sum Total Of the pious Forucr's Opera.
lions Placed az Nearly $3.50 900.

William G. Gilman did not fade out of
mems minds yesterday. although the belief
early in the day became general that his forge
ries had been much exaggerated. Bottom Is
now reached" was the prevalent opinion. and
the sum total Of his operations was estimated at
much smaller figure than was quoted by the
street gossip Of the day before. Even pre-
Stunning that the three missing Atlantic Mutual
certificates had been raised to the highest figure
known to have been patronized by Gilman
slO.OO0-thc total amount Of forged scrip be-
comes only two hundred and thirty thousand
and some odd hundreds Of dollars His forged
bank shares add <ll 900 to this. while there is
an odd check or two ON the American Exchange
Bank on which payment is refused. so that the
holder suffers as an individual. Altogether
s25O.OOO would seem to have been the limit of
his operations At the same time it is known
that Gilman owned scrip issued to a third party
and held in his name. and he may have raised
the figures on this rs ON that issued in his own
name. The holders OF these certificates. IL Gill
man has altered the figures Of any. have not
yet reported tho fact to the Atlantic Mutual.
Mr.. Dennis. the Vice President. said yesterday
that he believed that all the scrip with which
Gilman was in any way connected had been ae-
counted for. except the missing three above
spoken OF. In view of the clumsincss Of the
fOrgerics it is ensy to believe that the three In
question have not boon accounted for. not so
much because the institution or Individual hold
ing them Will lose credit on the loss becoming
known, IA that If a corporation. the person who
accepted such security Will DO hauled over ia,
Goals Tor being gulled.
An officer Of the Commercial Mutual Insur.
ance Company said that only the $4,000 lot ol
forged scrip was held bv that institution. OF
this. s54 900 will be total loss while the raised
Metropolitan Bank certificate win increase th is
- about 100000. The other collateral secures
the remainder Of the amount loaned. Another
official acknowledged in effect that the $50 U2f
worth of forged scrip was his personal loss and
not that of the company.
Tho loss OF the American EX hange Bank will
lc $4,000. II advanced $1,000 to Gilman ON
the forged Atlantic Mutual scrip but has attach
ed 10000 left 10y him on deposit and $4,000 n.y.
| pothccated by him, consisting of shares OF the
| Bank of Commerce
The theory that Gilman had committed sui
eide was still popular. but detectives were
searching FOR him all day.
NORWICH. Conn. Oct. THE family OF Will
| liam c. Gilman. of whom several members re-
| side hero. IL among the most highly respected
in New England. and the news OF his inrgcric-
| was r"celved here with amazement The Rev
| Edward W. Gilman Secretary Of the American
! Bible Society in New York. il a brother II the
| for,rr. Another brother * Daniel Colt Gilman
| VINO was for long time connected with TIT
Sheffield Scientific School in New Haven. HI,
WIS aitcrward President If the California Uni
Nnr-lty. and he is now President of the johns
| Hopkins University Mt Baltimore. William
| {. Gilman came t. this city for his wife and
children. who had been spending the summer
ut Norwichtown. on Saturday and he was seen
in the streets hero on Monday chatting pleas
antly. aud showing no fear Of the downfall
~