The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-02-02
BAD VIRGINIA BONDS PUT UP.
JULIUS SCHROEDER HELD FOR NY
POTHEC ATING THEN.


These Bogus Securities-TheS Had
Been Sold as Waste Pnper-Schroe-
ter Claimed to Represent nm Eng
liSh WOman-PoIice say the MO-
man in Question lis in New orh.
New York, Feb Julius Schroeder of
Forest Hin, y. j.. was arrested in Ghis
city to-day ON warrant charging
hun with forgery on complaint OF Laden
burg, Thalman 4 Co, bankers, who
charge Schroeder with forging bonds in
the state of Virginia.
Upon these alleged forged Virginia bonds,
amounting to about 100000, il is charged
that Schroeder succeeded in obtaining
loans amounting to $6SO00 from the Im-
porters and Traders National Bank and
Ladenburg, Thalman & 60.
According TO the story as given out by
Capt McCIusky Schroeder obtained an in
PRODUCTION to one of the vice presidents
of the Importers and Traders National
Bank in September last ard negotiated a
loan Of $4,000. giving as security $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 a loan of $40 900, but there
being some suspicion, he was put off for
time. Some of the bonds were sent TO
Virginia for Verihcauon. when ii was
found that they were forgeries. They then
demanded that Schroeder put up good col
lateral
The Firm That Was Caught.
On Nov. II Schroeder called on Laden
berg, Thalman & Co, and negotiated for
a loan of $3S,OOO. He offered $4,000 OF
these Virginia state bonds He failed to
get the amount that day, and the next
day returned with $4,000 OF bonds, which
he offered for a loan of $4,000. This he
got in two checks for 5000 each.
Schroeder then took one of the checks
to the Importers and Traders National
Bank and paid that amount on his first
loan there, reducing the Indebtedness to
$4,000. He also gave the bank 450 shares
of stock In manufacturing 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 $400 600 of the
returned bonds TO them and received the
$4,000 promised him on the $3S 900 loans.
Later the Ladenberg, Thalman & Co.
firm investigated the transaction, and
found that the bonds were bogus and i'm
medately informed the chief of detectives
Capt McCiuskey said Schroeder had also
been successful in negotiating a loan with
the Seaboard National Bank. Here he put
up $4,000 Of the bonds and received $40, 900
on them.
In negotiating the loans, Schroeder IS
quoted by Capt McClusky as saying that
1
Mrs. Emillne Turner, formerly of Mount
Vernon, burt now living in London, Eng
land. He is also said 10 have shown a
power Of attorney, which authorized him
to dispose of her property. Capt. McClus-
ky said he thought there was no doubt
the power of attorney was also forgery.
Where the Bonds Came From.
It is said that the bonds were issued in
1882 by the Kendall Bank Note Company
Of this city on order of the state of Vir-
ginia. Previous TO the fun issue the
amount of which is not known by the
| police, 800 of the bonds were issued and
sent 10 Virginia
The order was unsatisfactory to the Nir-
gina officials and the rest OF the order
was cancelled. The 800 bonds which had
been made and shipped to Virginia were
afterward sold az public auction in an ex-
press Office in Virginia as curiosties and
merely as pieces Of common paper
Schroeder was arraigned IN Police Court
and held in 5000 bail for further examina-
tion tomorrow. He was unable to fur
nsh bail and was sent to the Tombs.
Schroeder refused to say anything at ALL
either about himself or about the finon-
cial transa ctions
The woman, Emiline Turner. whom
Schroeder is quoted as having said to have
owned the bonds. is believed by the po-
lice to be III the neighborhood Of New
York. instead of in London. The police
say that she has been intimately ac-
quainted with Schroeder for some years
and party to his dealings