The New York herald., 1877-02-03
THE BOGUS BONDS.

EXAMINATION OF CYRUS @. CLARK AT TIE
TONES POLICE COURT.
Tho examination OF Cyrus G. Clark, charged with
obtaining $3.50 from tho East River Bank on bogus
bonds of the Central Pacific Railroad took place at the
Tombs Police Court yesterday. before Judge Ktlbreh
The prisoner occupied by the side of his counsel
Mr. Mott an listened 10 tho proceedings with an easy
careless attention When placed on the witness stand
he gave Ills testimony an interested witness
than prisoner.
The FIRST witness called was Charles Jenkins, Pres.
dent OF the East River Bank who testified that on
Thursday Of last week the prisoner Clark applied to
him for a loan of sl2, 600 bonds Of tho Central
Pacific Railroad Witness answered that hc would lay
tho matter before the Board of Directors, and did so
the Board ngrced to advance the loan the following
Monday Clark called at the bank to complete the nego
t,ations, and explained in conversation that he pro-
posed engage In tie business OF vulcanizng TIMBER
he opened dn account as treasurer OF the company or
that purpose and second account IN ~. ms
individual capacity; prisoner gave witness the
boads OF the Central Pacific Railroad, on when
the loan to be effected, and entered
mo an understanding that he would draw from tmo
TO time against tho collateral to the extent OF ninety
live per cent according as his business rendered nee
cssary; witness handed tho bonds 10 Mr. Newell, the
cas- her and requested HIM to take them /" Fisk y
Hatch ana ascertai if they were all rishi; Clark
suggested that Mr. Newell should take them 10 Inc
scnce Clark settled his outstanding account with tho
bank and stated 10 witness that he had pressing need
lor $3.50; ho (Mr Jcnkins) handed hm the money {;
he shortly afterward went out, but returned with aa-
other bond which he lett in tho bank Tor safekceping;
the bonds proved TO be iorgcres.
Zcnas +. Newell Cashier OF tho East River Bank,
testified that Clark advised him 10 with the bonds 10
the Central Pacific Railroad ouce saying that they had
already been certified 10 there.
WHAT TIE PRISONER SAYS.
Tho prisoner next put ON the stand and deposcd
that he found the bonds tho I'd Sd ol January.
near an old ash box In front OF the Bennett Building
IN Nassau street; they were tied up by string ana
wrapped newspaper; witness took the bundle into
q ncighboring store and examined the contents; for
hc kept close watch In the news
papcrs for advertisement Tor Them no seeing any ne
put notice in the HERALD oi January 10. undcr tho
head of lost 1nd found He received several answers,
but none properly described them Witness supposed,
o course, that tho bonds were genuine. His asking
Tor the $3.50 account was Occasioned by the death
Of his child, and hc was sadly ~ need OF that sum-
Ho had pledged OF tho bonds TO fellow boarder
in the Grand Central Hotel for $685. and tho $3.50 was
TO take up the bond
After recess the prisoner resumed giving an outline
of his past liic lie formerly druggist in New
engaged the jewelry business at No. $50 Broadway
aterward he solicited advertisements for newspapers.
HE KNOWS 4 NOTED FuRGER.
In answer TO questions BY Judge Kiibreth witness
Eton, the noted forger. Became acquainted with
him five six years ago through letter
Of Introduction from friend IN Chicago.
Van Eton desired 10 purchase securities and witness
negotiated bonds which proved to be worthless. The
prisoner Admitted knowing Chadwick, accused OF CON-
pcity the S64 900 forgery. HIS acquaintance, how
ever, was Slight The prisoner also acknowledged
being at tho present time under Indictment by Grand
Jury Tor using stolen bonds with guilty kno o~ledge,
the bonds in question being the Water Loan bonds
stolen by Hamilton, the deaulting Jersey CITY Treas
urcr.