New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-23
WHAT'S IN QUIGLEY'S SAFE!
CURIOSITY AS ~ WHAT 1T CONTAINS.
PROBABILITY THAT IT WILL NOT BE OPENED
UNTIL AFTER HE Is sENTENcED-cREDIr
OF WESTERN CITIES AFFECTED
BY HIS FORGERIES.

BY Ills FORGERIES.
Interest in the Qulgley is centred in the
contents Of the safe in his Office. at No. Wall-st.
but II appears that curiosity is not TO be satisfied
until after Quigley has been sent to prison fes-
terday his Office guarded by Deputy Sheriff s
/ man. and he could give no information about the
time when the mysterious safe would be opened.
Whether not II contains more evidence OF Quig-
leys crime Is matter which every one Is spfcu-
lating about, and there many people In wall
Street who believe that II contains more OF his
bonds and that II Will be kept closed so as TO
keep further evidence Of his fraudulent methods
quiet until he has received his sentence.
Yesterday W a. Madison city Auditor of Cleve-
land. Ohio arrived here. and he called at the
Mercantile National Bank, where one OF the bogus
bonds of Cleveland deposited by Quisley to secure
loan shown TO him. lie said that 1t was
entirely different from any Cleveland bond in ex-
istence.
In speaking Of the Quigley case. he said that the
credit Of Cleveland had been injured by Quigley's
bogus bonds and that many OF the cities in the
West were much worked UP over the frauds.
Qulg.ey had also been using bogus bonds OF ether
places besides Cleveland.
The directors Of the Mercantile National Bank
met yesterday and decided to issue statement OF
the banks condition at the close of business ycster
day. This statement will be ready morrow. and
it viii be mailed TO the stockholders. The large
surplus Of the bank prevented it from being hur;
by Quigey's steIlings. but. Is always the case
when a bank has been robbed some of the de-
posiiors and stockholders become alarmed. and it
is TO quiet fears that the statement has been
ordered. Mr. St. John. the president OF the bank.
said yesterday that the loss had been charged to the
profit and Joss account
Qu.sey. The Tribune reported the first
day the story came out. operated heavily in stocks
and through several different Stock Exchange
houses. Yesterday 1t reported on good
thory that some of these houses had been
worked" by Quigley with his bogus bonds His
alleged irst-class municipal bonds were taken
margins his stock speculatons.
Quigey'c lawyer. J. H. Caldwell. denied yester-
day that his client had any money concealed. He
said that he did not even have enough money 10
pay his counsel fees. lie thought that Quigley had
told all he knew. THE Daily Bond Buyer" OF
which William +. q. Shanks is editor. has fur
nished valuable information in regard to the
descriptions of the bogus bonds and In its issue
for to-day it says. among other things:
The printing OF bonds by successful bidders. in
stead OF by the city selling them, Is OF common
occurrence Responsible houses frequently offer IN
scaled proposals 10 bear the expense OF ensrav-
ing or lthographing bonds. with proper view 10
having the bonds worded 10 suit the market and
executed IN good ana attractive Styie. IL Is NOT.
therefore. to be rashy concluded that an engraver
IS an accompce OF Il forser Of municipal bonds
The practice is one to be deprecated except when
undertaken by 4 responsible house. In the case OF
cities and towns executing their first bond Issue.
The city of Davenport, whose bonds Qugley
forged. never issued u per cent paving bond but
in 1892 1t issued I per cent paving bonds TO the
amount OF S7l.00j and tho forged bonds were word
ed like that Issue. ouiglcy never tried 10 ncgo-
tate municipal bonds with houses which made
specially OF them. but he invariably obtained loans
from banks which seldom handled bonds OF this
particular class.
Austin Il. Fletcher. counsel for three banks
which defrauded By Qugiey. said ycs,er-
day that two OF them might institute actions
against QulSiey today. The naincs OF ;hcSc three
lI Vel
Fletcher said that 81 them would probably
never be known. william g. LsthrOI. j.. ~
BrOwngl 4 l.itlrop. counsel for tn bank went
to Newark yesicfdiy To look ny CuiIicy's opera
lions there. ami afierwari had talH with Mr.
ST. John the bank
a formal certificate 81 new claim against Cuig-
ley h.el yesterday 20 the Sheriff once. T.
J. GoOdhaTt & Co. brokers. filed The claim. tho
amount Of which is not stated The document says
however. that the frm holds n Central Trust com
pany reorganization certificate - ~" par value
OF 5000 az collateral FOR advances made 10
Qulglcy.