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Show NE'E'NTT roltGEItlEt. I Itroker'a I'ftutl-r M'.j- or Itr-Imbiirln7 Itr-Imbiirln7 kuslosr t'uslouirrs. New York, Nov. 10 Albert II. Smith, junior partner of the brokerage brok-erage nrm of Mills, Ilubesou A Smith, is a prisoner, charged with .ver seventy forgeries, aggregating $35)1,(10, Smith arknowledged Ills guilt, and turned over all his protietty for the benefit of his creditors. The discovery of the forgeries, which, o vera ieriod of six ean, uasacddeutallymadeSatur day morn ng by a clerk iu the em pluy of the firm. in bis confession Smith says he used the money to reimburse customers cus-tomers who bad lust money on his suggestions. The loss resulting frum Smith's misdoings a. ill fall upon his firm, which has been in ex stencu siuce 1ST2, aud .which has been held in the highest repute. Smith's plan was simple. He would buy eight or nine shares ol first class stock and, by adding a cipher, or letter y," ra s the order to eighty or ninety shares. Thesr he deposited with the firms as private pri-vate account and thus made tbe partners responsible. Tho discovery was accidentally made by the stock clerk and Smith then confessed everything to his luitners. Smith Is a-promlnent churchman and a member ofall tbe clubs. He Is 45 yeats old, and a rbildles-widower. rbildles-widower. All the forgeries are not a total loss to the firm, as aboutone-fourth aboutone-fourth can be recovered. The firm has made an assignment to XV. A. Watson, to whom Smith yesterday made a personal assignment. |
