Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1890-08-28

OF cruelty Only 40 ot tAf'N,,
Representatives of one Of the
effete monarchies. told her that he
had obtained $50, 0oJ on spurious Je'ier-
son stock from Pittsburg banks, OF
which 1000 was borrowed from the
keystone. $, 1000 from Z. Mellen \ Son
and $40. 900 from another bank. supposed
TO be the Allegheny National. Besides
this he had raised $4,000 in this city,
using as collateral in this case the gen
uine stock held in his name. TO the
amount already stated in this article.
He inclosed in his letter power OF at
tornev TO his wife To- transfer the res
idue of his stock after payment of the
; 1000 Wheeling claim TO Mr.. Doty.
This power OF attorney was made use OF
by Mrs. Lagerfclt, and the proper trans
fer made of the residue OF the stock the
latter part OF last week, though until the
stock is legally valued the amount OF
that residue will not be known. So far
as the situation is known at this writ
ing ii is this residue that Captain
Bachelor has attached, presumably
upon the hypothesis that the stock be-
longs TO the Baron, and the right OF the
property will probably have to be de-
cided in the courts, though the impress
sion among lawyers is that Mr..
Doty's right % the stock will be main
tanned. Mr. Doty'S name appears as an
endorSer on the =. 900 note held by the
keystone Bank, but he denies the sigma
ture and says il is forgery.
A. soon as there was some certainty
about the amount and the frauds per
petratcd, President Wallace, OF the
jefferson Company, issued, under date
of the Goth, a notice in which the pub
lie was warned not TO purchase or nave
any other transactions with certificates
of stock. without having the validity
OF the same verified by submitting them
for inspection an the Office of the COM
pany. This done. the investigation in
10 the Baron'S financial transactions
was resumed.
Meanwhile Nice-President Bachelor,
of the keystone National Bank, began
proceedings TO attach 100 shares of JEFF
frrson stock, held by Lagerfelt. valued
at about 5000. and the papers We're
taken 10 New Philadelphia by L. T..
Spencer, last Tuesday evening, where
an ordcrOf attachment was issued by
Judge Pear. returned and served
Yesterday afternoon. This nearly pro-
/ tects the keystone, provided these
shares have not been hypothccatcd.
Mr.. Bachelor returned to PittSburg on
Tuesday evening The note given to
the keystone bank is dated July Is, due
I i'm three months. An examination OF
| the papers IN this case diScloSeS the fact
/ that suit is brought to recover $1,000 on
note at three months given July 10
and due October %, signed by |. +.
| Lagcrfelt and endorsed by c. Il. DOty.
II is also alleged that 200 shares of JEFF
ferson stock valued by Lagcrfclt at
/ Si5.O 900 was given as collateral for the
| loan. which stock is fraudulent, and
that Lagerfclt is the owner of 100
shares OF genuine stock now i'm posses
sion Of the jefferson Company. and the
said stock has been attached according
to the order Of Judge Pearce.
OF the total amount obtained i'm Pitts
burg by Iagcrfclt, tits known that SlO,-
900 was obtained from the Allegheny
National Bank, $1,000 from the Key
stone. and -. 600 from 7. Ncllcn X son.
There are inSinuatious that $4,000
more is involved. in addition To the
81 900 obtained from this city on
genuine stock, making the probable
grand total S39.OOO with possibility
that further discoveries will be made.
as the Baron could be trusted TO work
his little scheme for all there was i'm IT,.
The cash obtained i'm Wheeling was
from the Bank OF the Ohio Valley. and
that institution is the only Bank. of all
those mixed mp I'm the matter which
has dead certainty on coming out
ahead. as it, has the 100 shares of gcuu-
inc stock. deposited as collateral. TO fail
back ON.
Whether there are cudor>crS ON any
of thc notes. aside from the 5000 one
mentioned. is not known. but the Baron
could probably obtain funds ON the
collateral alone, as his position as Vice
President of the Jefferson would inji-
cate that confidence was placed I'm him
bv the Company. which would help his
credit with others. The whole affair
indicates gross careleSSnesS ON the part
of the Pittsburg banks, and that they