The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1877-10-04
A SLICK SCOIrNDREL.
A New York Insurance Scrip Dealer
ssRaises'' the Atlantic Mutual 70
the Tune Of s236,3.O.

A New York Insurance Scrip Dealer
ssRaises'' the Atlantic Mutual 10
the Tune Of s236,3.O.
New YORK, October wall street is
agitated because VIM. c. Gilman, dealer
in insurance scrip, has DO. rowed. la-g.
sum OF money on such scrip, which was
fraudulently raised. AT one bank here he
borrowed seventy five Thousand dollars.
Additional discoveries aTe being made.
Gilman was in town this morning, but can
not now be found. The Evening Post
says it was the scrip of the Atlantic Mutual
Insurance Company, which had been
made.
The amount OF the raised certificates, so
far found, is S127 900. Gilman, 1t seems,
obtained Two one hundred dollar scrip Ger
tificates Oh the Atlantic Mutual Insurance
Company, which he raised to 100000
each, and hypothicated them with Henry
Talmadge 4 Company, by loan OF 5000,
American exchange, and they hold several
of the certificates, amounting in the origi-
nal TO 81 go, but have been raised te SS7, :
$50. An additional number is said to be
out.
The forgeries were confined to small GER
tifcates, the original amounts ranging from
thirty to one hundred dollars. As far as
the Atlantic Mutual Insurance Company
is concerned, all but three of the certificates
issued to Gilman have been accounted
for, and these are Tor one
hundred dollars each. 1t is
thought probable that these have been at
tered like others of the same value TO SlO,-
COO each. which would make the gross
amount Of the forgeries on the scrip as
follows: Third y NATIONAL Bank, real value,
500; forged amount, 1900; American
exchange, real value, $3.50, forged
amount, $500; Henry Talmadge x Co.,
real value, $3.50, forged, $4,000; Trust
Co., 81 ,46O, forged, $4,000. Outstanding
certificates, $500; forged, $4,000. Total
real value, $500; forged, S256,31O.
1T WAS STATED,
this evening, that two shares of bank stock
were also forged, and in this latter case ! :
100 had been raised to lI,OO0. This will
increase the gross amount Of the forge-ies
to S247 $50 The alteration in the amounts
show that the forgeries had been carried on
continuously for over two years.
NO CLASS OF SECURITIES
could have been selected upon which de-
lection would be less certain. The bust
ness of tho Atlantic Mutual Insurance
Company is confined almost eyclu-
sively to marine risks. The
fra of ". c. Gilman d Co., had been en-
gagged in insurance scrip brokerage for over
focty.. years. Mr.. Gilman has not been
at his office since Saturday,
wien he stated that he was
going to Norwich, and would no. return
until Monday morning. He returned to
the city yesterday morning, with his fami
lw, but did not go to his Office.
Detectives were put on his track, but
could not find him. A requisition has
been obtained from the Governor, so that he
can be arrested in any State in which he
may be found. Mr.. Gilman bore the repu-
tation of developed church member and
Sabbath School teacher, President Coe, of
the American Exchange Bank, said its
losses would not be heavy, as the bank held
other securities Of Mr.. GIlman's, which
would help to decrease the loss.