The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1888-10-05


~ ~ asIl Ysrr~vsss ssars Ansehsr n
vess1E.t1sn Resulting o. she Discovery -
tee<es MsrsEage> q ths Exseat %
oseo.oee Amsng siss As>~s< - the Fro
sses k.sAeegs cr>t.lsisy rsna-coanssa
Fssssr 80 GsrE<r.
EEw Yosx- Sept L-Forgsi mort
cages Amounting % over <i75 90 are re-
ported % have been discovered By tho.
trustees q the 0r.suisy Fund Of tho.
Produces Exchange No names are men.
tioned IN connection with the forxcries.
but u y stated that Attorney Poster az
he fund has not bssa seen since Tues
day. There - great excitement among
the members % the exchange. and they.
ere RnxiousIy awaiting tbs outcome Of
the meeting oe the trustees now in ses.
sion Il Il stated By members Of the
Produce Exchange that Pinksrton de-
tectives have been employed 20 hunt up
Attorney Foster and procure hrs arrest
IN connection with the bogus mortgages.
Reports o. heavy losses By means OF
bogus mortgages 20 the funds Of the
Co3ee Exchange ara also In circul alton.
and and an Investigation % the affairs %
the exchange will undoubtedly Be made.
NEW York. Sept &L--wm- b. Foster.
Jr.. the counsel for the Produce Ex-
change. Who has disappeared and who 10
found 20 have defranded the Gratuity
Fund Of the exchange out Of <16300o or
more by means Of forged mortgages. Is
about forty i've years old unmarried.
md has hitherto enjoyed an excellent
reputation, no bad habits being attributed
% him BY his friends He lived scme-
what extensively. but a. his law firm,
Poster & W entworth. did good business.
his income was supposed to Be sufficient
% IesitimafeIy account for his style Of
life His partners are in no way con-
n<cted with his fraudulent transactions,
his position Is counsel 20 the exchange
being in an individual capacity.
NJ Foster Is . brother OF James r.
Poster. the wcll-known politician His
exposure Is due to the examination Of
securities BY the managers Of the fund.
Who had been alarmei by the revelat ions
In the BedelI case They told Foster that
- . matter Of form they wished 10 scru-
tinixe the securities. and he agreed that
IL was . wise measure He promised to
ioin them In the examination the next
day. but has not been seen since. In ths
conversation he took occasion 10 remark
that h could not see how . man OF Be-
dell's intelligence could engage in such
foolish frauds The mortgages known to
b bogus are thirteen In number. The
question Of responsibility for the loss i
= nooted one. Some think the banks
which csshed the forged checks repre-
sentfng the amount Of the mortgages will
Be the losers; others say the fund must
make the amount good Foster was also
counsel for ths Maritime Exchange. and
had negotiated one mortgage for them.
but the documents prove % be genuine.
yEw YoRK. Sept - 1t Is now learned
that the Produce ExchAng. Gratuity
Fund has been victim'zed certainly to the
sum Of $4,000 on thirteen forged mort
cages purporting 10 Be liens on city
property and the larceny Of . muc
larger amount may be discovered Tn
fund aggregates about ono million dol
lars. and IL for the most part Invested
In bonds and mortgages on real estate.
Frightened af Developments In the Be-
dell case. . committee Of trustees Of tho
fund proceeded 20 investigate their own
securities. and bv taking forty mortgages
\ held BY them on New York real estate to
/ the registers once Wednesday 70 verify
/ them with the records An examination
l By Deputy Register James }. Martin
| ehowed that thirteen Of them, covering
4 RLWLN3W< were Gl<NUI 44AEtAE@
4 The trustees Of the fund were thunder.
I struck At the revelation They said that
l the interest on all the mortgages had
I. been paid regularly. VIM r Foster. Jr.,
4 4 the aftoraev Of the fund, and through
\ him many loans had been negotiated
\ n. Vas seen at three o'clock on
\ Tuesday last nc his ONCE 1t No
/ ga Prodrce Exchange building. and
l begged to be present at yesterdays
4 meeting OF the trustees % the Grafui;y
\ Fund He has not been seen since II -
\ said he knew that the authenticity Of
< some or the mortgages haL been ques-
/ toned. Nr. Foster resides as Bay Porr
Ill His father. VIM X Foster 81. =
very wealthy man. and resides at Baby
\ Ion l. l.
4 Besides being counsel for The fund.
I Young Mr. Foster Is . prominent member
\ Of the Exchange and subscriber % tno
4 fund