Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1892-08-06
Gigantic ard Deep-Laid Scheme to-
Boo Chicago Banks is
Gaearthed.
tiFe Institutions t1 BE- Defrauded -
s'rofge a3gae,y AZ ne Bottom
o. the Affair
Exposition % the Plan Three Mem
Are Arrested Charged with
the Crime,

CHICAGO, Aug. 2,-The dishonorable
discharge Of Geoyge Bartels, paying
teller of the Central Trust and Saw
ings bank, and his subsequent fight
with s., 600 Of the firms cash, has un-
earthcd a gigantic conspiracy to do
fraud five Chicago banks, The scheme
was partly successful and over $50, 900
was secured from Bartels' former em-
ployers, but was made good by reput-
able men who had vouched for the in
tegrity and business ability OF the
young men who had been engaged In
the deal Another bank Is said 10 have
lost 100000, which amount was also
made good by the same security.
Three Of the men formerly connected
with the Chicago Bank Note company
have been arrested charged with con-
spiracy TO defruud and the issuance Of
fraudulent paper. These men are VIII
liam A. Forbes. H. w. Burnside and
Charles NJ. Auspu. George Bartels,
the fou th man who is wanted, has EFF
the country, Justice Wheeler is
sued the warrant, and the prelimi-
Aht y h'AiiHk n" SOU A'l AhhAohsy
morning, Teller Putnam Of tho
Globe National bank, has also been
implicated In the conspiracy by
Charles r. Nichols, tho Robctwcen,
who has made affidavit OF his part In
the criminal plan. The whole scheme,
as far as II is known 30 him, has been
exposed and Is a matter OF record. A
bill Ia chaucery asking for the appoint
meut of "a receiver for the bank note
concern, flied by John y. GRIZZLIES, for
mer president of the company, also
throws light upon the shady methods
OF the individuals under suspicion.
The plot Is the most ingenious ever
nipped in the financial arena Of this
! city
The plan was simple. Forbes waa
manager of the Chicago Bank Note
company; Burnside a son of a we'll
known physician, WAS associated with
Forbes. Arson was but an employe Of
the firm, These young men were
vouched for by General Allen Q. Fuller
and numerous men Of wealth and hnan-
cial influence, They opened accounts
with the Central Trust and Savings
bank, the Globe National bank, tho
State bank of Chicago, the First Ma
tional bank and the Milwaukee avenue
/ State bank. Iruncdiately they do
posted checks drafts, etc, which have
since been found TO hc fraudulent and
! later drew out the cash.
by collision with }nrtes the great
run of the paper was dumped ON the
Central Trust Savings bank The sys-
tenn that was developed was the work
of months The teller, IN the absence
Of the cashier, certified all paper, and
the forged drafts, 1heclu, etc, were
only deposited when the higher officials
OF the bank were out,
Tbc same system was played on the
Globe National. 81 Is said, although
President NJ. =, stone was not I'm he
city to-day to affirm or deny the state
ment. ID Is now learned that the plot
tors intended 20 pull all tho banl,s they
had deposited money with into their
net and then break up and clear out.
! However that may be, the paper came
/ 10 protest too soon 10 admit OF more
extended fraud and the ring was
brought up with "a round turn. The
amount the Central Trust and Savings
bank found itself short WIS nearly
/ $50, 600.
The bank officials had taken every
precaution 20 secure themselves, for
while they had been compelled to ac-
cept the forged papers Of their custom
ers, they were suspicious early in the
game. When the end came Allen @
/ Fuller. who Is said 10 be worth over
/ $40. o00,0 900, and DR.. Burnside, ais
brother-in-law, both Of whom had
/ had implicit confidence in
the young men, paid all the shortage
and none Of the banks is out one cent.
Owing 90 the high standing Of the par
ties Implicated ia the conspiracy tho
matter has been kept quiet for some
time and as much for that reason as for
the fact that his loss had all been MAIDS
good, yice-President PaulSen did not
Immediately take action to prosecute
In court.