Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-03-05
coNDlT CAUGHT.
A clsvsf Vail sirsst swhdlsr
,N Headsd Or naoa
Starting q Z Capital u tws DSaan aai
Making Fortune -llaE firms VIC
- timi,sd-Hod Speeslatisas o.
I, 6raia and Steeks ~,
JUSTICE BRINGS UP 1Af REAR

Nrw YoRx, March l-Thsrs sfs niAy
ways Of specuiasins On Wall street bat
none Of them equal 70 The long. suecss-
ful venture Of Edward 4. Con1it 81
Orangs. N. J.. who on the strength q b
capitol Of q depos,tsd In savings b0Ss
manipulated thouaands Of shares Of stock
and easgs0 OF grain in sach . uannsrtss
10 produce him quits rsspsel sbls inceoA
Condit isan old hand oa he strsss and
was one Of the many lambs Who were
shosa Of all they poassssed daring he
ranic Of 1873 Previous to 1870 10 hsa
been In Legitimate business, into which
be went With . fortune left
him By . relative, which, when
he entered into bis ill-starrsd speculstions.
hs he'd Increased 10 ti0o,O00 He made
money In Wall street. bot In the panic oil
hs had ~ swept away. Since thsa be
has been vainly trying % recover hts sass.
tered fortunes on the. street, and for year
has pursued method OF opsrations thAt
ypsterday caused his incarosrataou IN b
cell at polios hesdquartsrs upon . bsuoa
warrant iRsued upon an Indictment found
ssainst him BY the Grand Jury. on corn.
plaint Of Atterbary 4 nllinshast, brokers
NJ No. Broad street whom within I've
months he has victimised out Of $500.
CsaAis's Plsa - opssasts0s
was decidedly simple, and deceived larrs'
number Of Wall street brokers, whom he
sSindied. About three ysars ago he bad
left . deposit OF two dollars In the Orange
Savings Bank Of Orange, n; J. He bad
managed TO get possession OF number OF
blank checks and be subsequently, lssd
them TO acoonplish bis swindles. TIE
method pursued by him w0 " order 9
broker 10 purchase . certain number Of
,bsres OF stock, usually one hundred or 90
many thousand bushels ot grain, In the
case OF produce brokers for him on . Ger.
tain margin, TO cover which be gave his
check on the Orange Savings Bank. u The
transaction wss profitable Condit would IN.
iercept his check and clain the prodt and
II the transaction proved ioss the broker
could collect all he could out OF hls tvo
dollar account In the orange fsvinss y INK.
His method Of business In the coufse ot
time became notorious on the Stock Br.
change, and brokers' warned ssch othsr net
70 have any business dealings With hin.
Lately he changed his speculations from
stocks to sraiu, and managed TO
FIeeeN . Hsobes
OF grain brokera In December last -
sent letter 70 Robert Bruce, . grain brokef.
asking him 10 purchase 10000 bushels o(
February grain, and enclosed check TOE
$500 10 cover the margin. A frisnd of NJ.
Bruce, who was In the room when the
order Wis received. knew Of . Condit Ia
was good. Mr.. Bruce purchased the grain,
and the next day made inquiries whish
proved 70 him the WorthlessneS OF the
check. lie then sold the grain st proAt,
and soon after received note from Condit
admitting the sWindls but asking i0f Q
share Of The proRu OF the transsotion.
Scores Of produce and stock brokers have
been swindled by Condit IN this nannes.
and he has reaped . harvest. Among those
who mourn their Losses through engaging
a. sgent for Condits specula tions are IL
$50: Pollock Il BiKby,. q, 300. william
Heath 4 Co., Of No. 8I broad wsy. iost
81, 200 through an unsuccessfal speculation.
L. J. Quinlan 4 Co. were swindled 10 the
tune OF 500 through their dealings with
Condit Hotchkiss, Burnham d 90. siso
bought some stock for him on worth
less checks, and he managed 70 o,-
tain some money from them through
False IPretessss.
For this he was arrested In New Jersey. bat
pending the eItFsdition proceedings, his
friends settled the case ~ making good ths
amount OF the swindle. On the 7th ult
Condit sent . $500 check - margin on 100
shares OF Union Pacific TO G. l.. 6impson,
but Mr.. Simpson declined 10 sxscuts the
order, knowing who Condit vas. De Mott
K Durant, brokers at No. 0 New street. 70.
ceived an order TO buy 300 shsres Of Union
Pacific stock. ccompanisd by Q WORTHLESS
cheek for 81 900. They Likewise declined 70
have any dealings with Condit.
An indictment was rsceptiy procured by
AtttTbury d Tillinghast sgslRst Condit
and placed 10 the hands Of Dstsctivs Ser.
gesnts Won Gerichten and Reilly, who
hunted for him In Orange and HSwsSk. bus
learned thst he bad gone 10 BaIumoss'
Yestsrdsy the detectives received news that
Copdit was In IN up.town resort sod with
Sergeant Slevin succeeded In asresting hin.
copdit Is . rather handsome man Of about
3s years. and evidently great fsvofits With
the fair ser, - teveTsl lender epistiss In
his posse,sion indebted. Ons Of the lsttsu
was from . gushing miss, who called hin
"hy dear, deer darling" Another y6unk
lady Of Orange dsscribeda visit q dsteo
tiyis IN search Of information. and hoe sas
had tept them oH kno~ing - mneh ~ whca
they com. S<vsral other similar kttss
we're found on him. - a.t