Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-04-08
REMARKABLE roRGER1Es

A1's"ssseo" 4A0n o. indianapolis
ooe' A"'o s"e Business on a Large Scale.
ror several days past the telegraph has
oeen bringing intelligence relative to the
bugbee forgeries which have shaken up In
annapolis SO thoroughly An indianapolis
letter of the 4th gives the following state
ment of the case:
what the Wlnslow forgery was to Boston,
the forgeries. made public to-day, of Joseph
w. Bugbee, are to Indianapolis. As vet thev
are known only to few, but, when the
morning papers make the news public. i
will prove the most sensational event in
Indianapolis history. Bugbee has been one
of our most honored and respected citizens.
believed to be perfectly solvent, and never
suspected of anything dishonorable. His
business reputation and creeit have been ex-
cellent His attorney, Charles P. Jacobs,
who has done all his legal business for the
past three years, was overwhelmed with dis
may when the reporters conveyed the intelli-
gence to him tonight. Not one word had
Bugbee ever breathed to him, nor even to his
father-in-law, the Rev. L. G. Hay, who was
Frustrated to-day when he was first informed
OF his sons disgrace. Bugbee came to In
dlanapolis in 1870, and soon established a
Va "SaACI, push. anu business
ability. He was the representative of Holt &
Bugbee, of Boston, and, beside his lumber
business, entered deeply into
real estate and buildings He put ND two
| large and handsome business blocks. It is
his real estate speculations undoubtedly that
led MIN to the commission of his forgeries.
de was very highly respected, and is now
serving his second term as q member of the
city council, being one of its leading and
most useful members. The story of his
crime, 80 far as is known, is about
| this: Last Sunday he called his
wife and his father and mother to him
| and confessed to them that he had been
| doing very wrong,-great wrong,-and that
exposure must come. He then sent for
business associate named Lyons, and to him
made detailed confession, giving names,
dates, and amounts of notes outstanding,
which he had forged. Lyons made memo
randum of them all, and then told Bupbee,
he knew not what was the right course to
pursue, but by advice, he started at once for
Boston. Arriving there Tuesday, he handed
over the confession to Holt & Bugbee,
and 1t Is now in possession of Mr.. Holt.
John b. Bugbee, of the Boston firm, started
at once West, and arrived here to-day with
Lyons. be is too Frustrated and excited to
make any statement, but, with Lyons, has
gone hurriedly over the indianapolis blotter,
and has found in that numerous false entries
of sales which are said to have been paid by
notes-no doubt the ones forged. Tomorrow
systematic and thorough examina-
ton of affairs will be commenced, and the
facts made known. So far, it does not ap-
pear that Joseph has used the name of any
Indianapolis firms, and no Indianapolis bank
loses. 1t was a custom for Joseph to send
the notes to Boston, where the firm of Holt
d Bugbee Endorsed them and discounted
them, they beng returned to the banks here
for collection. Bugbee made arrange
ments here to take up the notes
and, therefore, the parties whose
names were used never were
notified of their existence. When he be-
came powerless to protect them longer, he
let 60, and in one of the drawers of his desk
was found letter to-day from a Louisville
firm saying they had been informed of a
note held against them by Holt & Bugbee
that they had never made such a note
and demanding to know of the bank
here who sent the notification by
whom they had been imposed upon
The bank of course turned the letter over tc
} Bugbee, who found the end had come, and
anticipated the crash. Bugbee cannot be
found tonight. The employees of his lum
ber-yard say they saw him this morning, but
he is not at home, and his father in law
states that he has not seen him since last
night, when he was suffering from q severe
headache and incipient fever. The forgeries
acknowledged to by Bugbee amount to 1882,
QUO, as stated in the associated press dispatch
from Boston.