Morning journal and courier., 1890-11-17
i NEWS BY TELEGRAPH. From All Quarters. ARRESTED FOR FORGERY. s 4 Member of a Brokerage
 Firm Locked Up. EXPRESS TRAIN ROBBED IN GEORGIA. Indian Outbreak Feared in
 North Dakota. RAILROAD ACCIDENT IN INDIANA. Story of a Survivor of the
 Serpent Disaster.
RAILROAD ACCIDENT IN INDIANA.
CAUSED AN ASSIGNMENT.


 Albert H. smith of New York Bro-
 kerage Firm Locked Up Charged
 With a Series of FOrger1es-Hfs
 Plan of Operation.
 NEW YORK, Nov. 16.-A1bert H. Smith, junior partner in the brokerage firm of Mills, Robeson & Smith, at No. 96 Broad way, is prisoner at police headquarters charged with over seventy forgeries aggre- gating $35O,OOO Smith has acknowledged his guilt to Inspector Byrnes and has turned over all his property to w. A. Watson for the benefit of his creditors. The discovery of the forgeries, which cover period of six years,, was accidentally made on Saturday morning by a stock clerk in the employ of Mills, Robescn & Smith. In his confession Smith says he used the money obtained by his forgeries to reimburse customers of the firm who had lost money on his suggestions. Before his arrest he made clean breast of his do- ings to his associates in the firm.
 Although the case is not yet complete, Inspector Byrnes, aware of the excited con dition of the money market, and fearing that the matter might be used by the Wall street sharps, determined to make public the real facts of the case. The loss result ing from Smiths misdoings will fall upon the firm of Mills, Robeson & Smith, which has been in existence since 1879, and which has been held in the highest repute. About six years ago Smith became embarrassed and, to save himself, adopted the scheme which has led to his downfall. His plan was quite simple. He would buy seven, sget sga or and nine by shasss sSsns of 'ssss snhs or the letters ety." raise the or der to seventy, eighty or ninety shares. These he deposited with the firm as private account and thus made his partners responsible. The shares were in the course of time hypothecated with the Union Trust company, United States Trust company, Chemical bank, Phoenix bank, Mechanics bank. Fourth National bank, Nassau Bank of Brooklyn, and with Russell Sage until the amounts secured each case. Smiths forgeries might have continued indefinitely if the stock clerk, w. A. Watson, had not discovered that the figures in a certificate turned in by Smith on Saturday had been raised. An investigation followed and showed that Smith had purchased but seven shares in stead of seventy, as appeared on the face of the certificate. This led to an over hauling of the books of the firm, and then all came to light.
 Smith is prominent churchman and a member of several clubs. Knowing that exposure was inevitable he sent his resig nation to all the clubs previous to his ar rest. The stocks which Smith bought were St. Paul preferred, Omaha preferred, Michigan Central, Lakea Shore, Illinois Central, Cincinnati and St. Louis pre- ferred and St. Louis and San Francisco. Smiths crime is forgery in the first de- gree, and as he has confessed his guilt he cannot escape long term of imprison- ment. He is forty-fve years old and a childless widower. All of Smith's forger- ies are not total loss to the firm, as about one-quarter can be recovered. The net loss will be about $270, ,000. Smith was arraigned at the Jefferson Market police court this morning and was remanded.
 Lawyer Walter Logan, counsel to the firm of Mills, Robsson & Smith, says this evening that the firm has made an assign ment to w. A. Watson, to whom Smith yesterday made personal assignment. AN INDIAN OUTBREAK FEARED. Alarming Stories by Settlers Living on the Border of the Sioux Reser- vation-The Government to be Asked | for Aid.
 MINNEAPOLIS, Minn., Nov 16.-The Tribune, Mandan, N. D., says: Settlers living on the border of the Sioux reserva- ton brings stories of the arming of In dians, which is borne out by Joseph Buckley, who speaks their language. Buckley came in to-day and says that every Indian on the reservation will short ly go on the war-path, and that they have got possession of Custer's rifles which the United States army have never found. Local hardware men have in the last few days sold their entire stock of ammunition to the Indians. The Indians say if they are unsuccessful in the raid they will get double rations and they have nothing to lose Citizens here and settlers believe that General Ruger and the Indian author ities are hsrboring q feeling of false se- curity and that when too late the number of troops at Fort Lincoln will be increased
 The mayor of Mandan has called a meeting and the war department will be asked tc
 furnish citizens with guns if not troops
 Many settlers between Mandan and tht
 reservation are abandoning their farm,
 and ranches because of lack of protection
 afforded them by the government. Tn,
 most conservative feel gloomy at the out
 look.