New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-25
4 Fra UDULENT BANKING FIRM
ARRESTED FOR SELLING WORTHLESS HOlES'
TIE FINANCE TRADING COMPANY COMES TO
GMfF-Irs OFFICERS LOCKED rP.

TIE FINANCE TRADING COMPANY COMES ~
GmfF-1rs OFFICERS LOCKED rP
william Henry Roberts and Nell McCa!lum' 'he
pre sidcn, and secretary respectively OF the flnac
Trading Company" st No. 10 WaHst, were i"Aeu
up a, Police Headquarters yesterday on inc on" 90
OF sw.nding. The police said the men h"u w.
carving on bogus banking business ha'ihe
branch ONCE at Marion y. {. by INV '
which the police could not explain tls company nad
obtained good rating In the commercioi aseno'e"
1t dealt in worthless notes. In the possession "
poberts when he was arrested, we're cards ehera'eo
with the following
"w II. Roberts, president, Neill McCaiium seo-
retary Finance Trading Company No 70 "inis'''
New York. Capital $4,000. Dealers In Commerc'A'
Paper Traders and Negoator''
Chief Inspector steers said he had received 'o,' %
plants about the trading company" SIX mo"'"s
ago and had set Detective serseans Goldman 'u'1
LYMAN AZ work investigating them Butler Brother''
dealers in dry-goods at No. $50 Broadway, soa
bill of goods to Thomas Need. OF Marion, N W 'o
Sl5s and accepted note or draft from inc ura"."
bank OF Roberts & Co., Marion. AT tne "ahs"
Office OF the firm payment was reused i"e po"V.
sent an inquiry TO Marion and received repy u''..
the branch bank had been seized by inc sher,"
WIS said also that F. II. Dean and L. r. ra''
rc, NJ Richmond Va. the State National BANK,
Of Knoxville Tenn, and the Morrstown MILES, W
Morrlstown, Tenn. had been swindled.
ON August I5 Frederick spitz, Of Astoria. bonght
some cotton goods Of solomon Friedman, at NO. if''
Flm-st and offered in payment IA note ny kooer'S
e. Co.. OF Marion, y. G.. for $500. Friedman i@e'
grained 10 Roberts & Co.. and received reply 'ha'
thc notc was 40. r." Later he was informed 'ha'
eptz had purchased the note from Roberts ana NC
(ollum at No. 10 Wallst for So5, and that IL was
worthless Sptz was arrested on Friday, ana was
held at the Jefferson Market Police Court. Police
JustIce RYAN was convinced at the hearing In the
case that Roberts and McCallun were concerned III
the fraud and he issued "A warrant upon wmch
Roberts and McCallum were arrested at their once
Yesterday The prisoners were arraigned at inc
polio, court In the afternoon.
There was no Official at the oflcc OF the "Finanoe
Trading COMPANY on the third floor OF the Astor
hulldng No. 10 Wall-st when n Tribune reporter
cale. young girl who was the typcwrite- Tor the
" companv" said that three men came Into the once
about noon and tha. Mr.. Roberts and Mr.. McCallum
went away with thcn and had not came back Inc
thc Office was closed about B O'Clock. The young
Girl referred the reporter to Andrew j. Ensign, a
nwyer Of No. 20 broadway, as the counsel Tor me
that position and said that he had no connection
with the arrested men, except that ne hhd uone u
lille law business for Mr. Roberts. lie said that he
knew nothing about the Finance Trading Com?any"
or Mr. Roberts. although he believed that he came
from North Carolina. ,, 49,,
The Finance Trading Company has occupied the
present orics since last May. No Wall street man
coIld be found Yesterday afternoon who knew any.
thing about 1t or had more than casually heard oi
IL