The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-02-02

They Were OF the State Of Virginia,
Belonged to Another Party, but
Showed Power of Attorney to
Negotiate Them - Scheme Was
CIeverIy Worked.
NEW YORK, Feb Julius Schroeder.
of Forest Hill, N. j., was arrested in
this city today on a warrant charging for
gerry. on the complaint Of Ladenberg.
Thalman & Co., bankers. who charge
Schroeder with forging bonds of the state
of Virginia.
Upon these alleged forged Virginia
bonds, amounting to about 100000. 1t Is
charged that Schroeder succeeded in OBJ
tanning loans amounting to S6S,000 from
the Importers and Traders National bank
and Ladenberg, Thalman g. Co.
According to the story, as given out
by Capt. McCluskey. Schroeder obtained
an introduction to one of the vice presi-
dents of the Importers and Traders Ma
tional bank in September last. and ne
gotiated a loan of $4,000. giving as Sc
curity $4,000 worth Of Virginia bonds.
The following month he brought to the
bank $4,000 more Of these bonds, on
which he asked for loan Of $4,000, but
there being some suspicion ne was put
off for a time. Some Of the bonds were
then sent to Virginia for verifcation,
when 1t was found that they were forger-
les. They then demanded that Schroeder
put UP good collateral.
MADE A BIG DEAD.
On Nov II Schroeder called on Laden
berg, Thalman g. Co. and negotiated for
a loan Of $685. 900. He offered $56, 600 Of
these Virginia state bonds. He failed to
get the amount that day and the next
day returned with $4,000 Of the bonds,
which he offered for loan Of $4,000
This he got in two checks Of $1,000 each.
Schroeder then took one Of the checks to
the Importers and Traders National bank
and paid the amount on his first loan
there, reducing the indebtedness to $25. 900.
He also gave the bank $50 shares of stock
In a manufa featuring company in which he
was interested and received back for
them $4,000 Of the Virginia bonds.
AS he had already given the firm Of
Ladenberg. Thalman & Co. $4,000 Of the
$4,000 bonds offered, he took $4,000 Of
the returned bonds to them and received
the $2o.UUO promised him or the $38,000
loan. Some little time after the transact
ton with the banking firm of Ladenberg,
Thalman & Co.. the firm became sus-
picious Of the transaction and investi-
gated 1t and found that the bonds were
bogus. They informed the chief of de-
tectives, whose men succeeded In captur-
ing Schroeder today.
OTHER TRANSACTIONS.
Capt. McCluskey also said that besides
his transactions with the two banking
houses already mentioned, he had been
successful in negotiating a loan with
the Seaboard National bank Here he
was successful In putting up $50, 900 of the
bonds and receiving $4,000 for them.
In negotiating these loans Schroeder Is
quoted by Capt. McCluskey as saying
that the bonds were not his, but belonged
to Mrs. Emeline Turner, formerly of
Mount Vernon, but now living in London
Eng. He is also said to have shown
power Of attorney. which authorized him
to dispose of her property. Capt Nc
Cluskey said he thought there was no
doubt that the power of attorney was
also forgery.
Schroeder was arraigned in the police
court and held in 5000 bail for further
examination tomorrow. He was unable
to furnish bail and was sent to the
Tombs.