The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-06-15
FoRGER MOORE ON HIS FALL.
SPECULATING IN COTTON THE
CAUSE OF HIS RUIN.

Caught on the Wrong side of the
Market He Issued Bad Paper To
Make His Margin GOOd-The Mark
et Continued to TO Against Him
and lie Kept Getting Deeper and
Deeper Into the Hole.
New York. June 1A-Albert s. Moore.
the secretary and treasurer of the East
ing cell in the Tombs under charges OF
forging Endorsements OF the firm OF In
man, Swami q Co. and Of Robert W. In
man TO notes. and the name of John
Menke as acceptance to drafts, passed an
almost sleepless night in cell 81 OF the Old
prison, which he occupies alone, and ate
but little breakfast
In an interview he said: "I first forged
about three years ago. I was bookkeeper
for lnman, Swami & Co.. for whom 1 had
worked for fourteen years had been
speculating in the market. and was long
in cotton Late one evening my broker
came TO me and told me that I would
have to put up more margin at once. He
was in deep water, and my failure to
keep the contract l had with him would
have necessitated his failure. l had no
money, but l told him l would give him
the needed amount. In an unfortunate
moment l decided that I could raise the
money on bad paper. l expected to real-
ize my fortune and buy back the note.
made a note with a forged indorse-
ment and sold it to the bank Just the
amount got l do not know.
trom that time on things went bad
with me l was on the wrong side of the
market and simply got deeper and deep
er. had TO keep on selling bad paper to
raise money to keep myself up. But all
the time things got worse and worse, until
now l am here. My arrest was not un-
expected. ] knew two days ago that 1
was to be arrested and made no effort to
escape"
What is the amount of your forgeries?
Il had memorandum Of all the bad
paper passed and gave It to the police
The report that the aggregate is over
100000 is not correct. l am positive that
there was not over $4,000. l can say now
that l sold no paper out Of town-not a
cents worth"
The following list OF the amounts paid
by various banking institutions which
had bought his forged paper was shown
to him: National Union Bank. $4,000:
Bank of New York, $500; the Southern
%Ndtiohd4 Ddllh, ezf5V0s lne Bank OF Amer
lea, $4,000; the United States National,
$4,000.
When asked If this list would cover all
| his forgeries, he said: "Yes; with the
/ exception, ! think. of a bad note of the
/ Silk Company for $1,000, which l sold to
the Broadway Bank, j. am positive that
no more bad paper for which / am respon-
sible Is out"
Moore was arraigned in the Tombs police
court this afternoon and was held in S25,
600 bail for trial on the charge of forging
note for $4,000 on the Central National
Bank, with the forged signatures of Rob
ert II. Inman. and Inman, Swami & Co.
Moore waived examination. w. H. levitt,
cashier of the bank, is the complainant.
The plant Of the East River Silk Com
pany in Astoria was seized this noon by
Sheriff Doht of Queens county, under at
tachments sworn out by the Bank of
America and the National Union Bank.
The two banks had in their possession $lO,-
600 and $4,000 respectively of the worthless
notes said TO have been forged by Albert
| 5. Moore, treasurer of the company, who
is now in jail in New York city. There are
claims held by others against the company.
| The plant is valued at $4,000. When the
sheriff took possession, the employees were
dismissed and the factory suspended work.