New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-16
TANT JEROME TO ACT.
.rocK EXCHANGE ANGRY.
s,ton Case Shoes VioIation Of Stock
Certificate Rules.


also called in some of the best
so no, .rt,,;raI lawyers in this city. AS a
gov" = hos been practically decided to ask
Fsnir ,ttornev Jerome to look carefully into
.a,ot;on Of certain rules of the exchange
che printing Of the certificates with d
criminal prosecution, if he thinks
..se will stand. The counsel of the eH-
) md the criminal lawyers called into con-
....f,r believe that there is a direct respoli-
s'i." '.,. and that those who have violated the
81 Exchange rules can be made to suffer 'iie
,.Ities of the law.
+;tr a view 10 safeguarding stock tfahsaO-
y tho exchange has made certain exact rules
- a,,rnose of which is to prevent just SUCH
--e,ces as the Norfolk and Western forgery
o-t If the scheme, certain printing ana en-
,,y firms have been designated to engraVe
r-int all stock which is dealt in on the eN-
go and no stock not turned out by THESE
-. constitutes a good delivery. There are
:. e-r,s in the United States which can make
80, % he dealt in on the Stock Exchange, one
c.,ada and two in Great Britain The Eng
:. ,o,,naries make the certificates OF European
-, That these firms are the only ones au-
..--.5 n make stock for trading on the New
=. c+oc, Exchange is well known to the en-
-ine trade and any engraving hrn recelV-
or5a. for listed stock, no matter how au-
z.r,fc +ha order may be, should inform its Gus
- tho members of the exchange say, that
-. not the right to make certificates to be
...,t IN on the New-York Stock Exchange.
r.. Hamilton Bank Note, Engraving and
o5r4inp Company is not one of the five compa-
.,s designated by the exchange in this coun-
- On the contrary, it has been trying for
-,nv years 10 be made one of the authorized
ans As long ago as 1894, when the late eX-
T,vor William r. Grace and Russell Sage were
-smbers of its board Of directors, It tried
enough them TO be placed on the list. but the
sock listing committee decided against the ap-
Bscsrion and the governing committee sustained
ne decision. The company has never since been
able 70 get z hearing.
In addition to this. the bogus Norfolk and
Western certificates were Autographed while
The rules of the exchange require all certii-
aes 10 be engraved on steel plates, and the
york 10 be done in two colors, necessitating two
pates and two imprints on the press. The ex-
change also requires the company doing the
Tak 10 place its name in a conspicuous posi-
ton on the certificate. This was not done on the
bogus certificates. The violation of all these
rules in the making of a listed stock the Stock
Exchange beljea es justi1es 1t in applying to Mr.
Jaome TO take action.
The officials of the banknote company have
asclaimed all responsibility for the whole bust
MSS and PIT 1t up TO their manager They say
they never even knew the order had been taken.
short time ago plate for a stock certif1-
ae found in West Broadway. This plate
rs the property of firm authorized by the
exchange TO make certificates and was re-
turned to It, thefinder receiving $25. The broker
who told Of this occurrence yesterday remarked
that 1t was fortunate that the plate did not get
into the hands Of c. A. Seton, or Wall Street
would have on its hands a lot of unauthorized
certificates that it would be almost impossible to
run down.
Seton was taken from his cell in the Tombs
yesterday long enough 10 have his trial on the
larceny Indictment before Recorder Golf put
over I'll tomorrow morning. The delay was
Que to the fact that Assistant District Attorney
Garran. the prosecutor in the case, had to be in
Albany with Mr.. Jerome at the hearing before
Governor Higgins in the Patrick case. The Re
order sent Seton back to the Tombs The lar
eay Indictment accused Seton of fleeing sew
sai Southerners out of $3.50 in a bogus rail-
say promoting scheme. The case had no con-
hscton with the issue of bogus Norfolk and
Western bonds for which Seton probably will
Dc indicted as soon as he is tried on the larceny
Charge
samuel Humphreys, who posed as a client for
se'on in an attempt 10 get one of the bogus
Nofiolk and Western certificates on the market
L LIS city last September. was remanded to
renee Headquarters again yesterday for two
4FS IN the TOmbs Police Court he had his
nj opportunity to talk with his counsel, Irving
Aegler who had been trying vainly for d
~aILa Of days to get an interview with him.
Al MS law Office in William-st late in the af-
sloon Mr.. Zegler said he had talked over the
as9Aone with William A Shoemaker, a lawyer,
'1e vas formerly we'll known in Philadelphia
~ was the counsel for H. H. Holmes. the MIR
saer Mr. Shoemaker talked with Mr.. Ziegler
.''2i report that the former was being sought
connection with the bogus issue of Norfolk
- Western bonds because c. E. Baird.
@'Aer Of No. IS Broadway. had told the Dis
~ attorney that Norfolk and Western stock
u1eate had been offered TO him by Mr.. Shoe
@EsF after the lawyer was introduced by Hum
Nrgys
Know Mr.. Shoemaker WE'LL said Mr.. Zieg-
and I know that he had no connection
~'eFer with the bogus issue Of Norfolk and
'''efa stock The certificate he offered was
q The old issue. not one of the bogus issue.
: L can he produced. I will see Mr.. Garvan
i gloroW and assure him that I viii produce
= shoemaker # he is wanted. Humphreys
I = testify that Mr.. Shoemaker had no connec-
Whatever with Seton. Baird's story VIII be
,lsaited if ne dares TO repeat 1t on the wit
- man who said ne was William A Shoe
- telephoned to Acting District Attorney
- yesterday and said he understood from the
i & 9apeIs that the District Attorney wanted to
,.s n William A Shoemaker" the voice said
~ aS long I'm wanted in connection with
i Ta,estlgatiOn 7 will call at your office"
! rs replied Mott we are very anxious to
i N little talk with you"
-. zen if YOU viii wait al your Office 1 will be
i ~ ms afternoon"
Mott waited in his Office until long after
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