New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-07-16
ACLEVER SWINDLER CAUGHT
STOCK BROKERS ARE Ills VICTIMS.

BUYING LARGE DLsCKS on CREDIT HOPING TO
SELL AT Al ADVANCE AND GET TIE PROFIT
good-loolling young man. with an accent,
manner and clothing Enthusiastically English.
walked into the Northern Pacific Railroad Office
ut No. Il Broad-st last Wednesday and had an
interview with enc of the Cihcigs. lie carried
a lag with Custom House certificate prominently
displayed on it and said that he had just arrived
that morning from England, his way to
the far West and had Sl25.OOG in cash that he
wanted to invest in Northern Pacific preferred
sock before going on his journey. He was in
formed that the company did not deal in it's
own stock and referred to the firm o; Gold
Barbour & Corning, No. s Wal-st.. the com
pany's brokers.
The stranger took the address and walked out
of the Office but came lack in moment and
asked the official if he haG any objection to giving
him letter of introduction TO the brokers. 1t
only took moment for the secretary to dash
off letter that placed the stranger in con-
hdcntial relation with the firm without further
ado The name the young man gave was I. X.
Livocli and Gold. Barbour * Corning were pleased
10 do Eiisn,SS with him Mr.. Livock gave an
ordc, TO the firm to buy 500 shares of Northern
Pacific preferred at "a ii. The stock was
bought On Thursday the stock fell IA of a
point and Gold. Barbour & Corning received a
tclecam from Mr. Livocl to the effect that he
had )ccn suddenly called cut of the city fO? a
day q so and requested them to hold the stock
until lis return. The firm also received message
over ihc telephone to the same effect, and think
ing tlat this method Of doing business savored
of crUkcdncss they called at the Wall-st Office
of Inspector Byrncs and asked assistance in
clearing up Mr. Lvocl1's pedigree.
Several complaints mad previously been received
from other brokers that they Lad been visited
by young man answering Mr.. LivOcllS de-
scrrtion who had got some money
upon false representations as to his
financial standing lie always appeared
with lCttcr Of credit that coulG
not be overlooked Gold, Barbour & Coming were
advised TO ii their stock. to themselves
and succeeded in diSposing of it ON Friday at
"a IA. They lost the brokerage The same day
Mr.. Livocl calico at the upto"n office of William
NJ. Towksbury, No l,215 Broadway, and gave an
order on Cold, Barbour Il Corning for the delivery
Ct the 500 shares Of Northern Pacific preferred. Mr.
Doughcrty. the MANAGER took thr order in good
faith. supposing that Cold, Blrbour d Corning
held the stock 10 Mr. Ligock's credit. On Satur-
day. bright and early Nr. LivccIl sent message
to Tcwllsburv directing him to sell the stock at
the ruling figures 4 part of the sock was sold at
"a j-s and the remainder at "a 3-4. This would
give Mr.. Lvocll a snug profit II all had Been
straight
Cold Barbour q Coming heard Of tie TcwkS
bury sale and dt nctivcs went to M. 1.2lj Broad
way to meet Mr.. LivoclI when he cam AROUND Tor
his profits He did rot come himself, but was
represented by messenger, who was followed by
n detective The messenger met Mr. lhvnck al
Broadway and Twenty y-sixth-st, and Mr. LivocI
was escorted to Police Headquarters by tn, d9:e"
tive The place was not strange to him. lie had
been there before, and he greeted Sergeant Bird
pleasantly. as he gave the fictitious name OF LlyocK
and his address at No. lO7 West Thrty-clghth-st
lie was arrested on February last for Try n2 .,
play the same game on several brokers that NJ dld
ON Mr. Tewksbury and Gold. Barbour * Corning
He then gave the name Of William liootlcy nnd he
had papers with him indicating thar his real name
is Richard Stone. No Cn" appeared to prosecute
him then and he was discha7ecd lie ls said I
have excellent family connections IN England
The prisoner will be rcmandcd until to,morrofW'
when Mr. Tewllshury will appear against HIM Mr
Tewl,sbury will have to deliver the 800 shares OF
stock to his customer and h will have to buy them