New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-19
QUIGLEY GOT S144,OOO.
Continued from frst page.

Z. H3U.UWO,
been paid on account. and the third. dated De-
cember 90 1894 for $1,000 Deputy-Sherln Cara
her levied the furniture In tho office Of the
firm and also visited several banking-houses
where II thought the firm might have some
funds on deposit. but the Sheriff said that nothing
found
IL is believed that the bank will he able n real
lie on Quigleys property in Orange. although ~ Is
said that he recently transferred that his wife
II was reported yesterday that the Mercantile Ma
uonal Bank not the only Institution In TINS
city which would suffer by Quigley's populations;
the president Of the Mercantile Bank said that he
was sure other banks besides his own would suffer
and that he thought Quigley had got money from
country banks by means Of his bogus bonds Mt.
81. John said that the forged bonds were en-
graved 10y we-known banknote company. but
that il innocent in the affair. and he there
fore declined 10 make public the name OF inc
company Officers Of the American Banknoio
Company said yesterday that that company had
engraved bonds for two of the cities whose bonds
Qugley forged. and they expect to have CON
ference with ne officers Of the Mercantile Bank
to-day.
\ BOLD SPECTATOR
Qugley was known in Wall Street as one OF the
boldest spectators on the street His operations
were carried on through the firms Of Toler d
Halsey. Of the Mills Building; p. J. Goodhar'
& Co.. No. q Broad-st: Onenbach & Marx, No.
81 Exchange Place and also ii was said. through
the house Of Counselman Day, OF NO 81 EN-
change Place. He was most daring SPECTATOR
I'm bonds. and he made lucky returns IRON ms
spcculatiOns unUl a few months ago. DurlnS
the panic ne negotiated for and secured s2OV-
000 of municipal bonds ana succeeded In placing
them. His downfall was considered to be- due 10
the fact that recently he had been leading 100
rapid pace and that by overindulgence IN
drink he had untitled himself for mis- WORK ana
had lost his head in heavy operations. lac had
a reputation I'm Wall Street as generous man,
and considerable sympathy has been expressed
over his downfall. Quigley admitted himself yes
terday hat his downfall was due TO speculation
Of which he kept no book account, Depending
upon memoranda in order TO blind his partner
and his employees
The announcement of the fraud practised by
Ouigley upon the Mercantile National Bans
coming so closely after the discovery Of Seely ;
ernbczzlement Of over 1854 900 from the shoe ana
Leather Bank. and the recent deialcations IN IN.
National Bank Of Commerce and the Cnemlctl
National Bank. was a great shock to wall street
and particularly so on account Of the good repu-
taiion the firm Of Quiglcy & futile has always
enjoyed Bond brokers were much disturbed NJ
the news because il will have a bad effect upon
the bond market and bankers We're worried Tor
the fraud brings again forcibly 10 their atteh-
ton the laXity Of supervision in many OF the
banks Of the city.
The bond house Of Quigley & futile had a
solid reputation In the banking community u
probably did the largest business IN NeW-Ehs-
land municipal bonds Of any bond house In the
city. and the fact that the junior member or me
firm. Mr. Tutte. was the son Of John /. Iuttie'
who was before he died the treasurer OF the
New-Haven Savings Bank and well known IN
financial circles I'm the Eastern States. gave the
house solid credit here.
Ouigley was originally a civil engineer. and he
built part of the Atchison railroad In Kansas
After that he was salesman foi the Chicago
bond house Of : \. kean q Co. and at one Time
he represented that nrm IN this city. Suose-
quenily he acted as salesman FOR the bond mouse
OF Farson Il Leach. 81 No. Wall-st. and then
he established the firm Of Ouig!ey. Hartman
Tutte. Mr. Hartman withdrew from the hrH'
and since then Quigley and Tu,tie have con-
timed In business together. Mr.. futile was IN
New-Havcn most OF the time. and he had not
been in Ncw-York for several months. lie r.
ceivcd large fortune n the death Of his father.
and the bank may call upon him To settle his
partners stcalings.
LIVED IS GOOD STYLE
Ouig.ey lived in good style In Orange. " J.,
where he bought house a few years ago for
$4,000 He interested in racing and owned
several troiting horses u good records. He was
"A member ~ the Essex County Country cub. the
Essex cub - Newark. the Essex Troop % New
ark. the Orange Riding club and the orange AIN
lct!c Club. Ho WAS highly thought or IN so'itl
and club circles. and ~ had great reputation
FOR his generosity. which knew no bounds ana
layishei on all occasions lie ana ms
family went 70 Orange about i've years ag'. HIS
VIE is Louise Downs Quigiey. u daughter OF Mfs.
Downs who flr twenty years was the state
President II the New-Jersey Womans Christian
Temperance Union. Mr.. Qu.gcy heIsrf has
been active in the Woman's Christian Temper
ance Union work. and until within year was
the president OF the East Orange branch 81 the
union. Inc family .lNfI III lillllfl-NA l'l IL sfAA
or So and then Mr. Quiglcy bought the fine place
owned by Jose del Vale. at ~. 1873 Cenier--t.'
nearly opposite the end II Harrson-st. Here
they have lived ever since. 4 year ago Mr.. and
Mrs Quiglcy celebrated their tenth wedding an
nlvcrsary. and on that occasion Nj. Qulgley pre-
scented 20 his wife deed 81 The home. ana also
OF a house at Atlantic Highlands.
4 Tribune reporter called Mrs. Quigley yes
teriay afternoon and found her overcome by the
shock She said that the first intimatiOn or The
trouble came TO her IN the afternoon when her
I,.t her hr. la letter
band Inf which he told her the dreadful truth.
She said that the letter was "A heart-breaking
one. She declared that there had been no 'N-
iraVagancc In their mode OF living, ana that she
doubted If there were a hundred people In orang"
that knew them. Mr.. Quigley had been the most
domestic Of men. taking his sole delight IN his
family and he was never away from home In the
evening They have little baby. the youngest
Of three children. III with scarlet fever and MIS-.
Qulgley said yesterday morning when her nus
band left home here seemed ID be something
weighing on his mind. After kissing her be
went into the and kissed the baby. and then
when part way down the stairs he returned ana
kissed the baby passionatcly once more. ana II
seemed as II he could not tear himself away
Mrs Quglcy said: MY husband IS good, good
man. He IS provcrbaly honest In every detail
and All ! can say H. that this temptation came 10
him t. save for us and he fell under IT, II was
all for rs. all for us" Continuing. she said: He
the sweetest. purcst man That ever HVeh
and had absolutely no bad habits" She was
asked In regard 10 his horses. and said that Mr.
Quigley was fond Of them and that they rode ont
together but that they were no source OF eN
travagancc. The reporter called on a number 81
the ncghbors and others who knew IN" cug-
leys. and from all he got the same story-that
they quiet domestic people who made no
pretensions 10 cutting figure and were domestic
in their tastes All spoke In the highest terms of
them and sympa thized with Mrs. luglcy I'm the
trouble that had come upon her.
HISTORY or THE BANK
The Mercantile National Bank was organized
as a State institution In 1850 with Ithaca y Y.
capitalists largely identified with II. william
b. Douglas was the first president and among
the prominent directors were Isaac y
Phelps. Charles T. Burdett. and Josiah Williams.
The building at the corner ~ Broadway ana
Dey-st was erected by the bank In 1862. In 1860
II became National bank
IL h..,r