New-York tribune., 1895-06-14

explained in the official statement already gwen
President Hendrix. when asked what ied MN 10
suspect that the Endorsements were forgeres
said that there was nothing beyond the awk-
ward curl to the final part Of the signature OF
Inman. Swami & Co. to arouse suspicioh a'
the beginning.
At the Bank of America the president re-
ferred all inquirers to the banks counsel stern
& RushmOre. No ~ Wall-st. MT. Nusii'ioio
''The Bank Of America is amply secured by
attachment for $4,000. some OF WlIcn 80
against forged Endorsements. THESE amount 10
about $4,000 The attachment Is against tne
silk company's mill and property The attach-
ment served yesterday morning IN astoria,
where the mill is by who waited up all
night do it. The assets OF the SILK com nna
pany, as we can learn thcre' are so'oo1
Of which SCI OC0 consists of merchandise ana
raw materials and $4,000 is in plant and ma
chinery. The drafts which purport to have me
acceptances OF John Menke were discounted III
the regular way. The silk company has an
account with the bank. -,
AT the United States National Bank Presi.
dent Parker acknowledged that the bank he.d
notes of the silk company for about SioVOo
purporting 10 be indorsed by Moore and Rob-
ert w. Inman. ,
President Rosenwald Of the Southern National
Bank said that Moore had kept small personal
account at that bank since 1891 He had Deen N
troduced at the bank, as he remembered py John
II. Inman. and Of course such an Introduce"
was considered sufficient 10 establish ms s'aliu
ing. The bank had discounted recently lor M"
draft dated March 2 1895. what purported 10
be the acceptance of John Menke on It's race ne
draft was for s33 900 The acceptance. except the
signature. was stamped on the face OF inc orai'
Menke now says the signature is fraudulent
said Mr.. Rosenwald. and the bank hau Hl'a'n.u ',
Moores deposit. amounting 10 S4OV so the pa''h
stood t. lose only $4,000 Day before YESTERDAY
Moore came 70 the bank with another diaI' ' ~.
s3l67 Of the same character. but peio,e nni nrS
money had been paid word was received '"ious"
Mr. Inuan of the forgeries. The bank had pre-
viously discounted various drafts ana ho'es iol
Moore all OF which were good. s 49,, ,>o,,,
nj ,f Now
I'VE hold a note Of the East River SIX o, com n
panv for 50 500 r. W. Inman claims ms name if ~
the Endorsement is a forgery Inc ho'e '''''-
however, may be good
MR.. MENKE NEVER INDORSED ITS fAfEH'
John Mcnke. of No. Is Greene ST.. who IL d
commission merchant and dealer III SINS anu
ribbons, when seen yesterday said he haa pee"
doing business with The East RIVER SIX Oo'i'-
pany for number Of years. He had never
Endorsed any paper of the concern Inc HiS' "e
heard his lame had been used was yesterday
when one Of the barks made inquiries NO at
tempt was made by Moore 10 make an exact
counterpart of his sigma tuTe -,
MIR Menkc SAID that he understood that MS
signature appeared on s!x pieces oI paper ai'o-
gether nggregating S2OVuO 49,, 49,.
II reported yesterday afternoon tnat ..e
East River Silk Company had also kept oe-
post at the Chernic1l Bank. II sc!d l's SIN
goods through several concerns.
The seizure Of the works OF the Six coihpd".
was made by the Sheriff of Queens County, at
the instance of Stern d Rushmore. attorneys Tor
tie Bank Of America They also ootansa 20 an AN
attachment in this city for the bank Tor *4Vl'
foi money loaned to the company al various
Tins between November 1S. 1894 ana June s.
1895 DeDuty- Sheriff McCiivney has served the
attachment on six commission merchants IN Inns
city TO attach accounts due the coml@ny or
eouit, IN consigned goods Another attachment
has been obtained against the company ior
s3 9fS in favor of the National III ion Bank
The East River SILK Company began business
I'm February 1893. leased the factory at Astoria
and spent considerable money on the plant The
company had no capital rating at Bradstreets.
Robert w. lnman was president up 10 Jahu'
last. when he was succeeded by Aired Ruess.
who had been president and manager. Albert
s Moore was both the secretary and treasurer.
Bradstreets reports state that Mr. Moore handied
yarns on his own account lor seNela NM -,
began the latter business IN 1880. ana IN feoru-
ary 1894 ne claimed 10 have a net capitai III
stock. outstandings and cash of $1,000 that he
discounted all out-of-town bills and TOOK Sixty
Savs on local purchases The East River SILK
Company operated 100 looms on various classes
Of broad goods pongees surahs sa,ins ana nm nm
ngs sold the product through commission houses
and employed, il is said. about eighty persons
OF It's $50 900 capital stock. $4,000 was common
stock and 500 600 preferred stock X. w. Ininai
who is son Of the late William II. lnman. II Is
said put $4,000 into the business Moore j.
said to own all Of the preferred STOCK. II Wa wa
rumored yesterday that application had oeen
made for a receiver for the company ou' ''''s
could not be verified.
MR. INMAN'S STATEMENT
John II. Inman said yesterday:
Moore came TO us some four or hVe years ago
do not remember the exact date lie came
from somewhere ur in the state win eNceHeiit
recommendations. He apparently nod"i
young man. and did not detect any oau
habits. l believe that ne was Sunday-sShoo'
superintendent in the town where ne came from
He dressed quietly and was courteous 10 every
Oue % until November last we discovered
nothing wrong in his business relations .
in NoNerQber |
=, Moore was specuatng on the outside. did not
believe IT at first but nevertheless began 10 hake
inquiries l learned that ne was dabDAng IN
stocks / called him quietly into my ONCE ana
paid him his salary three months IN advance
and told him that We did not need MN any
longer An examina ton Of his books showed
that his accounts all correct He had Sim
ply broken rule OF the office. and we cou!d
not overlook that When ne left US he went 10
the East River Silk Company. He became a
heavy stockholder in the concern believe ne
held about $40 900 worth cf its stock re was
made treasurer II was nourfshing little con-
Germ, and took an interest in its welfare mas
much as it had Offices in the same building AS we
did and / kne, the officer -.
"Moore seems to have been carrying on his
forgery schemes for SOM time. The banks say
that they have been handling his paper Tor SIX
months His plan was 10 make out note IN the
silk companys name and sign ii as treasurer
Then ne would turn II over on the back ana
indorse 1t with his own name ana any othci
that he thought best Thus he used my name
the name Of Inman. Swanr & Co. John Mcnke
name and Rober. w. Inman's name These notes
he would have discounted he never allowed
note 10 mature and escaped detection. h'
would take them up by paying them with money
obtained from another bank or By substituting
another note. ~ ,, IT,,
"IIe was detected almost through accident Th'
Union Bank had been handling his paper for some
t;ma and finally IL occurred to them TO ask us u
The Endorsement was all right. II they had giveI
the matter a thought they might have knowi
that we would not indorse FOR One-horse sili
comnanv A bank official visited US. and W.
promptly told him that the note was forgery
He sent for Moore. and he came up 10 the pahk
That was Wednesday. II was decided 10 a'res
him to-day He made no protest
Moore is cool one He quietly propose, ~ l..
c.rr 20 Az was To write his name where III
fNoore) had forged II. and 1t would be all rlgn'
Moore had one mania and that was stock specuia
ton We shall not lose by Il. ] do not think ina
80 ono will lose but il wrecks the East Rive