New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-09-29
WALL-ST. THEFT 100000.
MEDIUM FORGED CHECK.
Bank Delivered Securities GiUen by
Brokers as Loan Collateral.

Securities valued at about S360.OOo on the
basis of the closing prices of Wednesday were
stolen on that day by an unknown man. who OBJ
tanned them from leading national bank in ex-
change for forged check. The securities had
been given to the bank on the preceding day by
the Stock Exchange firm of Pearl & Co, of No
q William-st. as collateral for a call loan OF
100000. Dyer Pearl the senior partner is in
Europe f. T. Slayback, the other member Of
the firm. said Yesterday:
There has been trouble about some. securities.
We have got nothing whatever to do with IL Ine
bank which is involved particularly requests tnat
was presented to the bank in payment of loan ana
the naqk handed the securities over 20 thf 9tIsise
forgery. So also was the certidcatiog II bore.
collateral. The bank In question is very rich ard
II there is any loss will he able 10 meet It from us
resources. As a matter of fact. do not see now
there can be any loss for the simple reason thaf al
Ihe cneck was %5vN5t 90 me pNIk On WItia -
was drawn we never had any account Win; ana ana
Clearing House exchanges it was promptly returned
The So 30 represented interest on the 100000 loan
for one day. for it one day loan. at the rate
on RE ba1Lss booj,g % bif On our books it stood al
~ per cent It is obvious that some one had
knowledge that had obtained a loan for $500 600
If it was any one in Office it would appear that
he would have used the rate Of inere wnlcn vas as
me, had very bungIing signature
The securities stolen were:
thousand shares of United Steel COM
mon stock. certificates numbered S2.579. 22,5S0
91 697. 95,562. s7969. 1850. 92875. 92,374,
92373. S2575.
A thousand shares Rock Island common. GER
tifcates numbered 14,774. 90. 179. Do ,253 1466S
81, $50, Ss804 1856, %. .624, 1879. 22,454.
Seven hundred shares Of Missouri Pacific. Nos
%, 2,56S. S3377 98.S25. 93.S63 S3. .s64. 91,457.
q e
cent bonds. No. PASTA to 24,69S. inclusive. and
90, ,737 to %, ,75S. inclusive; two hundred shares
North American Company. certificates Nos
20 152 and 29.153.
A thousand shares Of Metropolitan Street
Railway, No. Al 677 to Al $50, inclusive.
Wabash debenture BIS. certificate No. 1881,
for $1,000 par value. and 51.O23, 51.O22, 52O21.
81 .O21 81 ,O2O A 9O2 4s434 5O.516. 5O517.
As 433. 5O427 for $1,000 each.
Announcement of the theft was made by the
Pinkertons. who gave notice that transfer on all
of the securities had been stopped The notice
added: Please detain or cause the arrest OF
any person or persons unknown to you who Of
fer the above securities for sale. loan at
tempt to negotiate them"
AS the theft occurred on Wednesday after
noon and was not discovered until nearly noon
yesterday when the forged check reached the
bank on which it had been drawn, the thief
may have had time to dispose of some of the
securities That the loan was made at a. bank
with which the firm did not regularly do busi-
ness greatly aided the thiefs chances of
cess. Whoever got the securities. If he did not
dispose of them before the theft was discovered.
will probably take no steps toward marketing
them in or near New-York, but he may at
some time in the future hypothecate them with
an unsuspectlng bank officer in some other part
of the country. or sell them TO investor, who
on presenting them for transfer will learn that
they are worthless and that he must stand the
loss