New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-04
HEAVY FORGERY OF BONDS,
TRYING 70 SAVE HIMSELF FROM RUIN.

FALL OF W. Fl. BROADSAx-Hg PRINTED THE
PAPERS HrMsELr-THE INTEREST PAID FOR 4
TIME.
William II. Broadnax, who had carried on
printing business Broadway near st. for soms
time failed about mouth ago. His failure created
some surprise. as 1t was generally supposed by his
friends that he doing lucra-
tive business His father was . vice. president
director aud counsel in the Consod ated Electric Light
Company and young Broadnax had all the printing OF
the company. Including Its bonds aud checks well
letter heads and other ordinary matter His eavo
satisfaction and ne had plenty OF 1t to Do He not
dissipated in any way, but lived quietly with his ws
and child at his fathers house, No. 423 Firstst,
sevenhave.. Brooklyn. These facts made his failure
seem iDexplicabe to his acqaintances
On last Thursday DIR. Ava lewis, Of No. 90 Monta.
guest, Brooklyn. the family physician Of Brosdusx
family. walked into the ocs of the Electric Light Com
pany and presented the coupons Of bonds OF
pany worth $4,000 for payment The cashier took the
papers, oossa at them carefully for who. and then to
the doctors astonshent pronounced them fraudulent.
The clerk then asked where he got them.
I received them" said the physician, from william
H. Broadnax. the son Of Amos Broadnax the counsel
and vice. president OF this company. security fo
$500 ~ cash that loaned him . year ago last
January"
The officials OF the company assured him that they
we're forgerss and proved that they by showing
Gates They also sorecaed the fact that year ago
young BrOadnaK printed lot OF bonds for them and
this aroused their suspicious. DR.. Lewis went home,
summoned Deputy Sheriff Barlow and sent word to
Broadnax to come and him at once. The young
man did so promptly. As they were alone TO.
eether tho doctor charged him with ot tho bonds
Brosdnax made denial, but confessed his guilt He
said that after completing thc for the company he
made 200 more bonds for himself These were
500. $500 and $1,000 in value like those Of
the company. He forged the written portiou
the signatures. ani started 10 float the
spurious paper. First he borrowed small sum OF
as security. Then he approached Dr. Lewis The latter
mad been acquainted with him for years. knew that lie
was dong good business and that his father was
asked for-$7 5OO-and took S4e 600 of the bonds.
attached TO which were the usual coupons calling
for interest semsnnualy As the interest the bonds
redeemlng the coupons In this way he prevented tho
holder from going near the c0mpanys Office After
terest and ne ftilet to appear on July l. when tho
haif-yeary payment was due. Dr. Lewis held
soms o her small notes OF BroadnaX's, AMI having
business In New-YOrk decided collect tho
called for ny the coupons for himself with the result
gwen Br0alnax took the whole matter rather co0llY
II suppose 1t Is all up with NO." he r.markd. but
got into small hole some time and Heated tho
bonds to pick myself mp expected that tlin%s would
out that could redeem them. but luck against
me"
Dr. Lewis began civil suit against his debtor and OBJ
tainrd order for his IL executed aud
Br adnax Il now In Raymond Street JAIL lie Ia about
thiry-fOur Old and the bonds e held sup
posed be genuine he was looked upon a wealthy
II Is said that he lost his money by spccnlang ia
Wall Street lie says that he only hoated 100000 "f
family are welknowD and respected. they are greatly
shocked by the a air. and his father has already mate
yet made however and 1t ia probable that crim-
inal proceedings VIII DO begun against tue prisoner