The New York herald., 1877-10-03

business circles-a sort OF fxture among downtown
In tho neignborhood OF his oilices raimadyo K Go.
are AZ No 80 Pine street, only four doors from GIL.
mans Office The Third National Bank - at No. 20.
The American Exchange Bank is at No i2s Broad
way. within lew steps OF Pine street Tho
round the corner 10 Wall street, ana tho
United States Trust Company Is In the
building. Did Gilman 60 further down the street and
negotiate hts raised securities with tnc Union Trust
Company or, ike the bold man that hc was dia ho
bravey AXE his risk under The roof whore he
fore raising 10 tho proportions he thought ought
10 atainy' The render. ike the reporter, Is ncccs-
sarily lcft TO draw his conclusions but ns tbs
officers OF both the trust companies strenuousy deny
thai they had any doaing With Gilman. The question
the. ingenious inquiry which Mr. Jones loft unan.
sweied.
GILmAx's OPERATIONS.
And this little table will show Mr. Gilman's opera.
tons In si moro interesting light de Is credited
on the books OF the Atlantic Mutual Insurance Com.
pany with twenty certificates or these all
cepi three have been for, and the twenty.
four certificates which have come back have come IN
four different series. and with the following amazing
Aggregate Amonns Amonns 70
funber Of tor Hhich They Which They
Certificates We're Hsned. We're Raised.
2.......... .$2oO 10000
~. o...............-........ 100 sl,JsD
3............-.....-..-. 3oo 2o,0o0
Observation-Disclosures. 400 $4,000
"a. :. $500 s2os,s7e
SO far has been discovered, then, tho forgeries
aggregate $2o6,370 and taxing Tho trce outstanding
tons, his frauds will DO likely reach about &230 000
and will certainly not exceed $3.50, 900 unless Il
should be discovered That ne has raised other peo-
ples certificates wei AS his IL 10 tho opinion
OF Mr. Jones' tho President, aud of the other officers
Of the Atlantic Mutual Insurance Company that such
not the Giiman's operations tu be confined
to his own certificates and TO have been managed ny
himself although on these points opinions diner Re.
Gently he has been buying scrip what were consd-
crcd surprising prices, when II Is considered how long
most Of has 10 boiore Il Will be pad, aud the
opinion OF some OF tho most experienced men in tho
o
series OF discoveries IL may 10 that ho has usoi hs
reputation honest 10 place raised certia-
Gates thn market In enormous amounts. and this
Wow he opinion OF some of the leading business
In " all street has beon consulted.
OPINIONS or PRESIDENT coz.
George S. Coe. President Of the American Excnange
Bank, stated to the HERALD reporter that II any
reliance can DO placed on the rumors that are every
boIy's lips the extent OF forgcrcs must bo
enormous; that tho losses will probably run up TO
INSURANCE. companies and loancrs OF money
have been victm'zcd 10 the New England states
Judging from the bodncss oil tho operation il IA
probable that the men engaged IN II were old and
that ono man could have carried through such
pcndous job. Tho Presidents lace wore look OF calm
resignation as he cdiod, iou may look for cx,raor
dlnary developments when II oncc becomes known TO
the public That stocks standing Ia tho name OF iiam
9. Gilman requires TO be closely inspected"
SKETCH or GiLhAxs MrE
Ono OF tho directors OF tho Third National Bank,
who was at one time It's assistant manager aud who
has been life long friend OF Gilman. was met last
evening by HERALD reporter For obvious reasons
hc Expressed desire that hls name should DO pub.
sncd. ~, While .h'. gentleman gave sketch Of G;l.
spoke substantially as folows:-
The hrm OF William c. Gilman & Son of tho
Oldest and most respected houses on tho street
gagged IN tho business OF brokers In insurance SCRIP
Tho senior member OF the hrm died some thirteen
was known as William c. Gilman, Jr, carried tho
business undcr the old hrm name The son
vabo dsuro in tho '" present t a,s.ress,os i" as1n
business Tho family como from Connecticut and
some Of Gllman's relatives hold high and responsible
positions In various parts oi New England at the
present time. Gilman Is connected BY marfiase with
ono OF the hrst lamihes IN Hartford. HIS wife and
several children are living Ills age is about forty
wears; he rs tall slim man. with gcntlcmany car
riagc and dcmcanor aud is highly educated. lie was
simple In us habits, rcnnod ana cultivated, had
known vices or evil associations and was Tho last mag
IN the world that would be suspected Of cr,mc
He was respected by every ono who knew him, and
since his tsthcrs death the business 10
n manner that kept tho house fully up Ia the high
STANDARD to which Il had been raised. lilo was mod.
crate In hts style Of living. Tho gentleman added
WITH much pathos, ~ can't believe he has done
this disEracsiul act, ana yet y seems impossible
that he mot losses In hts business. aud In a momcnt o:
desperation be rcsorted To this dcvcc for tho purpose
turn ot fortune ho might DO able 10 right mattcrs
again without letting tho world know Of his disgrace.
New EngIaui Will throD violently"
GiLMAS's WHEREABOUTS.
Gilman went TO Norwich, Conn, Saturday last,
but he returned to the city on Monday, and lass
seen carly yesterday morning. When he was wanted,
however, hc could not be found, although he was OBJ
served 10 cntcr his house as lnc eleven O'Clock A.
NJ. steps were takcn TO secure his arrest and the
has becn placed tho hands Of Detective Elder
by Tamndgo Co. and somo OF tho Nor victims OF
HIS frandA lie has not been at his oico since Satur.
day, and tho old clerk who was tnerc yesterday and
who has Dccn long In Gilman's employ, seemed Ut
terry broken down the disgrace ana shame uf ha
employer. lie could giva no Information in regard TO
Giinan's Transactions, aud vi course profoundly
ignorant OF his movements.
Tho ''rased" certificates have all been issued since
1878 and IN many Of them tho power OF attorney
III Mr. Gilman's handwriting.
.'KAisEp hank" STOCK.
Among the rumors oil the street yesterday was ono
10 the olcct thnt Gilman had .raiscd' some bauk
stock well as scrip certificates Tho specific ale
gat that he had s.raiscdo certificate tor nvO
shares OF bank stock TO n;y shares aud another
tncatc tor SIX shares TO sixty shares Great efforts
made to conceal the OF the bank, but II was
an open secret that tho bank In question MAS the
American Exchange Bank.