New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-01-10
STOCK F0RGER KNOWN
rs NOW OUT ON BAIL.
Origin of Bogus NorfoM and Vest
ern Certificates Traced.

The detectives working on the Norfolk and West
ern stock forgery decided yesterday that they had
traced the origin of the crime back TO this city
and fastened IL who has posed at various
times banker and broker, and is now out on
ball under another charge. firm of brokers In
the Broad Exchange Building gave the Information
yesterday which led to the cew
The story is that time ago the in aues-
ton went to the brokerage firm and tried to dis
of two certificates for 100 shares of Nor
folk and Western stock The brokers were at
tempting at the time TO promote mining PROPOSE
ton. and they tried TO make deal whereby they
would trade off of their mining stock for the
Norfolk and Western stock. The man with the
stock told the number Of his certificates in talking
about them.
When he found he could not make the deal at once
he went away and promised to return the next
day. He did not go back, and the brokers became
suspicious
The known 10 the police because Of
numerous shady transactions in which he had
been mixed UP. and this known to the brokers
as we'll He of the notorious men of the
financial district
All these circumstances combined led the brokers
to go further into the matter, and they made in
quires concerning the certificates at the office of
the Norfolk and Western. They were not greatly
surprised TO learn that certificates of the num-
hers given by the man were in existence. There
upon they warned him that other place of
residence would be more healthy for him than
New-York. His disappearance from this city
has been followed at very great interval. by the
appearance of the forged Norfolk and Western
stock.
To perpetTate the fraud in Norfolk and western
stock would require a capital of several thousand
dollars The certificates, II is said, were htho-
graphed, which is a tedious and expensive process
Ordinarily would take several months, but this
work apparently hastily done TO save time
So far only the single certificate has been seen by
the Guaranty Trust Company, the transfer agents
10 this city who detected the forgery but it is said
there by the officers that they have heard of one
other The officials of the railroad company IN
Philadelphia talk of having heard OF three ceI tn-
Gates There many and such varying re
ports however OF the number OF bogus SilareS, tAl
it is impossible to estimate accurately no" many
there may be. - L. ~
istence in this city. that an attempt VIII De In
10 work them off here Many brokers having not
folk and Western in their possession nave petIl "
the Guaranty Trust Company to see II their Sloo
- oil light and in every case the trust company
has pronounced It genuine. The STOCK ~ rs
has sent out notices advising this course ao II S
been generally followed. The STOCK - lon, :
i,owayeT can do no more, and. like the trust coIu
many and the railroad company. Is IN no Wy E,,r
ssnonshIe for any losses that may occur thio ueh
dealings In bogus certlhcdleS .ho+ha- any
There is considerable doubt as 10 Wiiethel odS
-aat nurnher of certificates have been dspoSeu VI
f 10 considered probable that the baild VINO WY
=. +be troI1he and expense of forging them uiu H3t
stop with making OF Two or IIie pos 3Io thar
go went aWry in this certificate coming 70
iight en- soon IT is believed that the purpose We
10 float a large amount in several par VI ing 49,
+ry and bv making the points SuHnCleilIy uS'9 a
from New-York to get away with the money pc
fore the fraud was discovered. But NorIolK , Sa
Western pays January DIVIDEND anu Ille &C
thaf the dividends would paid to them and thus
the fraud was discovered.