New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-20
TWO BROKERS ARRESTED.
OF BIG THEFTS.
Hall Street Mem accused Of Steal
ing Sums Aggregating S2S, 100.


charged with the alleged theft of $500 from
,5e Houston Galveston and Interurhan Rail-
rad Company. and accused OF the grand lar
oenv of sums aggregating S23400 from various
Electrical ana other corporations, Charles Au-
e,,s.us Seton. Of No. AZ wall-st., and Harrison
= MCKINNEY. whose office is at No. 40 Wall
Ct were arrested yesterday afternoon by De-
+ectfves McConviIle. Mulry and Taylor.
,.cFubinev was taken from his handsomely
,,-,ished Office. while Seton was arrested as
he stood on the steps of the Wall Street EX-
change Building. in which he also has stump
.uors Offices The prisoners, according to the
,oice although they have separate Offices com
-,sA the firm Of c Augustus Seton & Co, at
No az walI-st.. dealers in stocks and bonds.
Besides the charge of grand larceny made by
che Texas railroad. The representative or the
t7ox River Railroad Company. Of Manitowoc,
Wis Who Is staying al the Fifth Avenue Hotel.
saws his company paid 20 Seton & Co. $4,000
- secure the investment of $3.250o0o At an
o+ber hotel IS q representative of the Manitoba
Water Power Company. who alleges that his
,o,,nanv paid to Seton & Co. $500 In the
rockets Of Seton when he was searched, were
t7A pspers in 8 suit Just begun by ira Bliss
stewart fer the recovery of $500 paid TO the
firm bv the International Silver Company.
According 10 the police. rhe operations of the
two prisoners w-ra simple They watched the
sras Of The New-Yorl1 Electrical Journal for
new interpretations OF trolley companies, Soon
after the companies received their charters or
INCORPORATION papers they would receive a letter
from c. Augustus Seton & Co. Of No. 43 Wall
- asking the prospects OF the company and
limiting that they might finance the company il
= was deemed desirable
In the summer OF 1904 the Houston, Galveston
and Interurhan Railroad president, JUST elected,
received such a letter and sent a director, w
r Slasson to Network 10 investigate the idea
Of being financed from New-York
on arriving he met ny Mr. MCKINNEY.
who took him 10 his own office AZ No 40 Wall
s. and then 10 the Office Of Seton. at No. AZ
WaIl-st where the lavish furnishings made
Ssror- il is alleged. asked slasson how much
money his company would need $1,000
Slasson replied that something like S3po-
1rr. seton replied that he believed the matter
could be arranged.
who he believes were dummy fnanciers. and
was firmly convinced that Seton and Mckinney
were what they claimed, representative Wall
We can gel the money for you Seton is al
legged to have said 10 Slasson, a few days after
their first meeting. our charges will be 81 a
bond to cover the cost of engraving, etc
Receiving a promise that the bonds would be
delivered to the railroad within thirty days.
Slasson says he paid Seton & Co $500. to cover
al expenses.
II to date IF the bonds have reached
Texas. Instead. according To the police, there
has been a. series Of promises. one broken after
the other. These excuses ran from the break
ing down Of the engraved plates 10 the condition
Of the market and the indsposition Of the trust
company. which vas handle the bonds. to
take them in the face Of the insurance investi-
cation
The railroad finally. unable to get bonds to
sell to local customers. sent J. NJ. Coleman, of
Houston Tex. attorney. this city in
vestigate He called three days ago on Assistant
District Attorney Garvan, and Mr.. Garvan sug-
gested that Seton & Co. ne arrested. Both Seton
and Mckinney were taken by surprise.
According the police there are two other
out Of town compliments against Seton & Co
IN the city at the present time. The first of
these is O K. Behnke, representing the Fox
River Railroad Of Manitowoc. Wis. He came
here to investigate the cause of the delay in
securing the loan of S2.2500OO On the bonds of
been paid by the road $4,000. in 1902. Mr.
Behnke is at the Fifth Avenue Hotel
J Mckenzie of the Manitoba Water Power
COMPANY. is also in town to recover So. 800 it
IS alleged his company paid TO Seton & Co
for a promise 10 finance the company last
April
In Seton's pocket. when he was searched at
Police HEADQUARTERS. the summons and com
nlainf of the International Silver Company to
recover S. 800 were found Seton's home ad-
dress according II the police. is No. 1(4S
shave Mckinney is said to live a. No. l54
West 20th-st-
Tbe directory gives George W. Mckinney.
rresf6ent No - Wali-st.. living az Seabright
: I snS Harrison H Mckinney, broker,
with an Office at No. q William-st