New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-03
TRACING THE SECURITIES.

TRACING THE SECURITIES.
The failure of John Bonner x Co. continued
IN c the leading topic of conversation among the brokers
on Walst yesterday. Bonner's manner OF doing Dusi-
ness received the most criticism from every one
II was reported on the that 1t had been Bon
ner's habit, when the securities which were
sent To him for u loan furnished only mod
crate margin, TO send them back 10 'he
borrower with the that he was loanng FUNDS
for the Bank Of NewNOrk greater margin was deSe"
In this manner it said. he frequently secured n
larger mar gin than 10 customary 20 give on loans NC
tween members OF the Stock Exchange
Mr. sewell Mr. Bonners partner has not left town, IA
reported but WAS street most OF the day. ana sent
the following letter to the president OF the Stock Ex
change:
No 80 BRoADsr., NEw-YoRK, Jan. ., ISIS.
To me President aud Members al the Heic-io'K Sf0eH
GfSiIfWES: In Wow OF The transactions Of the firm
Of john Bonner & CO., OF which am lnrnoeF J peg
leave to- ask Committee OF INVESTIGATION Dc 'P-
pointed 10 inquire into the affairs OF said frl ~ 3EGef
thar M relation. with said hrn, and especially win me
transactions relating 10 the rehN p0ihe'aths Ol .'ui
tie.. may be fully inquired INTO nave Iuiiher u ASK
fiat tlc committee be instructed 10 report ~ coon
as possible. ~ IN order, ne; tlit th!s e''er my -
read 10 the Board. Respectfully ,,,, s,,,,,,
II was stated that Mr.. Jewell, IN conversation, adj
rni:ted that he was well aware 81 the methon Oh Tue
firms bu4iues. but claimed that Ro had no power -
prevent And to have taken any steps toward 'nch an
end would only have pIcc pi,ated the tnal re-
suit 70 Tribune reporter he sad ne had
no know ledge whatever Of the books. He never inadc
an entry IN a ledger in his NE He di NOT believe he
had done anything wrong however and 1e had remained
Oh the street TO Prove his innocfB"c.
Mr. Grisr old tire assignee ol tue fFm, has prepared
list Of the names of lhe bank. aud individual firms FROM
which, according to books Of the suspended house
Mr. Bonner had obtained loans and also List OF
the securities which no pledged for these l0ans.
According 30 thla Lat II appears tha. Ponner hypoth-
coated & 700 shares Of the Bankers and Brokers
Association stock. dstI buting them ~ snai lots as
security nearly every loan ootacd % ii Hf ms
means hr was able to nearly and in some cases
the whole of tie market value u the colat'raiN
that Iad been pledged by other brokers. IN one case
Tie TEenix Bank loeucd 10000 securities, lhe pres
ent value Of which T. only Til10O; W. D. Moore
gave Bonner $4,000 cola now worm
c,s than S3l 500: 32J.0OO loaned. J Berry holds
securities worth only about $4,000; among me i'h"'
made 10y the Farnirrs' Loan and Trust Company
are one Of 100000 for pedgcs now worth
$1,000; another Of $1,000 Tor $4,000 cotateia'a ani
"A tnrd al 10000 Tor sjI,40O in securitic' LiAn'
Adam. & CO. hold $3.50 in securities Tor - loAn "i
$4,000: > ". Doo.oci 400 for - 900 loaned III
na1thcrIo by tn PnDuix Bank the bank ma S3ol3o
for $4,000 loaned.
In I'D fc4r estimates assumed that the stock of
the ard Brokers Association is worthless Nh
E.nurr apparently sought IN every ease To
mix DE securities OF different brokers "hen
r.p,,tduy thom Tor d loan. TLerU arc ','sO
sl.t,- Of Union Pacific stock widely distributed
nnd also 80 Union Pacific bonds Among the oiher
stocks occupying prominent position in the l"s
o, .r.iuu. of tac amount l!ppthrc.tcd are
2 800 share. Of ps,ine N.u. AND 700 shares Of
Piua-ia Railroad -iork. rise t".il amount or money
,rfosrd rs Boluo. cd tle.c .ur.tlcs IS +l.75iuoO
III. following il. tc DIST ~ loans aAd the 60 iaer1ls
above mentioned:
o''I,f 60 i19 lnSms s. &c. los.6: hannibal
aud ~. au'ci'h = ger cont '. ''~' --,..,, 49,,
It.-.I.. go bIn.e- - E-l. -,.rNi I'D = y. ii'
st'-e, Nos -l 80 I"' 49,, ~ ,.,. '' a.
w'-i p,t'' ''' ~. ,., a. ,...' aud o.
@i 3, N"' '''' i'' '''.. /, ~. i,,. Ws',-, I-i.,.r
cir irrrlH lii -.''t. ~. go 4"' "'r''-- ''
st'ck. -. i-,' 90 l.'' H'.'. ~ -i.'.I -
g.. ~. ii'-i,5s- ',g' w. a. ~ .li -
3.,i ~, 1,''' t '. a.. .-,.r T,- 3 ~ ana
ASS; 200 ,if,a"'- D. Nia -,' ,hi Il"' ''''"5''
Milwaukee th' 81. f-if -.. '., ''. -. ....,..,
Od.nrr ~ t.'. i''NN ~, r-H,, p,,.. .t,rt
l..ru. fH- ''..' .l'' W.. . ~
81. 1850 w' ii'f"; 900 itoirn -,.rN No.
".-.-lt :" Nl'"si .'" ~ ,,'i. r. - nm,
4li 100 i e.. e., ,i e.. loa W-., Ir-
@ 'n. -'r'.' " '.'..' - .... .i
. .. 's''- t''' 1r, '., i',r. 5000 cob
iffIf'-. goo I.fl.rfr tul l'f.''i --' ''',
D'eo NO. AZ 20 t'o'h' ,,'' 80 ~. 's0 t-i
und LODI; " "i.''n MY t ,s ut -'' '''''
Dc. .b,. IL taNht' i"N AND it''t ',.'-'
g.N.OuH D.aa'r.., 800 i'dhiii ''n'"' Nos -
a.I' --.ii'. goo ri.sc.e' a.i J.: ..rt. SOUS;
Jason ta,lue -'"t', N'7. '-'" ~ , ''''''
o,.e,- "a ,tor A>p LElll, BiSI-Ioo. -, ooJ
Oolaur.s 1.o Cu,-f'. BA,.A-I", az" q, .4H
stoc.. =. Isis: -sr ci..so b. i-., ret aug li'
elf. ..u.E. Sos. -j. lt1.'t NIL 90 "ri1, t-"
s. Go. Sturt No. l"'-i i3' y rs" '''un,
sire.. Au -,1i, lO'Culon f'.'h' 10 Ca i'''''
200 BIuhrts. aap br0ar.. ~ 'ch
November 3-pE,tA iA$h--i- DO, f,''''' % .''.l,'
400 Union Pt.inc ,joca. Sos LIS 1ui . 800
luO B,ul.r-' aud Brparrs' ,tog,. Soc. Us. ana
Ii5II: 2Naha.h s.ae..+ lund o'nd'i 7o"l"erA
p.,f,. ~ m1r. -ac. bili7.
Novru .,r @-i.r-,!..,. oAGL-Loan, %'o'lpi '1l't-
,rt.. 100 hc,g0 aud Northwest Writrtr' s'"l';
Nos Il 10 % lI,i26 Inclusive JVV th,'-e "u"
N.gtn...st uurlun ,s'ca, Ms. -l.&- u IL 80 ia
tclfir u 'k.