Evening journal., 1896-11-09


tho money market WINS favorable 60 tho
successful issue Of the plans Money was
known to be tight here in Now York, and
many firms obtained loans outside on the
notes.
Money Pours In.
The agents did we'll No trouble was
experienoed in discounting the notos
They received a certain commission on
! what was paid them, sonding the rest to
the syndicate. Money began 20 pour into
the Offices in Pine street. Mclaughlin and
Valentine each took cottages at Long
Branch, making trips on the boat each
way every day
But to have the plans of the syndicate
carried out successfully it was necessary
for their orders to be obeyed. one OF their
agents failed 60 do this, and then the trou-
Bile began to come.
This agents name was Anderson. He
and the others had been instructed espe-
cially not TO discount notes in New York
or Brooklyn. But two weeks ago he went
to G.. H. Taylor, a Brooklyn ioweler, with
note for $500, signed by Baker a Co
I'D like to get this note discounted,
said ho "Can you do 10 for me- Tho nrm
Is good for a hundred times that amount
but the banks are very close just now.
Taylor replied that no might have to
mako a large payment the next morning.
but that If he did not he would discount
tho note His suspicious were aroused
however and he teleDhoned Baker a Co.,
asking them II the |te was all right.
"No. replied Mr.. Baker, who answer
cd the telephone, dts not all right Tho
note is a forgery. Have the man arrested
who presented it,
Mr. Taylor had been foreman of the
grand jury i'm July and had made the ao-
quaintance Of Assistant District Attorney
Miles at that time. He went TO Mr. Miles
and told him the story, the aid OF dotec-
tives was invoked and when Anderson
presented the note the next day he was ar
rested.
IN some way, however, Anderson COM
municated with the junior partner. When
his case came up for trial in the police
court, the junior partner appeared
"Ihere IS a mistake about this, he said
when called to the stand. ~ signed this
note myself, and / am member of the
firm OF Baker & Co. 1t was a small mat
ter and did not speak to my partner
about IT, That is the reason he did not
know such note was in existence and
pronounced it a forgery.
Nothing could be done but discharge
Anderson, and no was consequently re-
leased. But the detectives realized that
they had been on the verge Of clearing up
a mystery. In Anderson's pockets were
found documents which showed that he
had discounted notes which brought him
in moro than $4,000. If Mr. Blank did
not know Of the note for S455 it was prob
able that he did not know of the notes for
fl5,00O. Yet the junior partner said tho
matsr was all right and the firm was
reputable.
However,. they Swallowed Anderson
closely and found that he had frequent
meetings with man who was staying in
Jersey City named Hazard. Hazard was
a suspicious looking man, and he was in
timate with q man named Monk, who was
equally i'll favored.
Both Hazard and Monk wero arrested
in Jersey City for somo trifing ohense
and when Hazard was searched at the po-
lice station ton notes for $500 each signed
by Baker < Co, We're found upon him.
. -Fhcy re not worth much said he,
when spoken to about the notes. "They II
) hardly worth $40 each
, This was another puzzler for the deteo-
tives, but no crime had been committed
with the notes, and they could not hold
Hazard.
All this time Abbott, the junior part
ner, was kept busy I'm New York. The
agents had beon very successful in the
west but all the notes had not been dis
counted 1t was the intention OF the syn
dictate to go out Of business when they re-
oeived the money from all tho notes.
Some of the notes were for 80 days, and
when they became due tho junior partner
renewed them whenever he could. When
notes came due that ,he could neither re-
new nor pay, the exposure Of Mr.. Baker
was necessary, and the junior partner at
once left the firm.
d.. 10 oil
according to the lawyers, entirely within
his legal rights in signing the notes His
crime was only moral. Unless evidence
Of another kind is obtained against him
he Will not even be arrested.
/, Scores of Suits to Follow.
As for Mr. Baker, whether he will be
obliged to pay tho notes signed by his
partner or not Is a question which many
courts will be called to pass upon. Scores
of suits will follow, as many of the men
who have discounted the notes still believe
them TO be good. Lawyers say Mr.. Baker
1 can set up defense against paying the
notes which will be strong.
But TO return TO Valentine and his con-
, fession, which gave all this information
! about the syndicate TO rob- When the
4 money began to come in so fast -he took q
cottage at Long Branch and installed as
ANa AHAeAtN0n MISS -ANl " NAAAtAfHf All1 AAhrllt
! ter Of a reputable citizen of Newtown, n.
Y. He had a fancy yacht in which he
would take short trips He kept fast
horses and entertained the floating popu
lation of Long Branch in so lavish man.
ner that he was voted prince
Q According TO Valentines confession, Il
was Mclaughlin who caused all the trou'
4 bic there. He received some checks from
, MIN which no supposed were good. H'
4 gave them to Miss Vintage for pocket
money Sho went into Brooklyn Oct. 2'
and bought some goods in a Flushing ave
o nue. store and paid for them with a oheol
s for $50 Then she came TO New York an,
e bought some articles in Sixth avenue
rendering in payment check for s24
r which was accepted.
( She was perfectly innocent. Her lif
j. was bound up IN that of Valentine whom
j. she regarded as q man of the strictest hon
D OF. When the forgeries were discovered