Show forger gets in securities by bad checks new york sept 28 the details of a scheme whereby the national city bank of this city was recently victimized by a clever forger came out today the forger presented a bogus check bearing the name of a well known exchange received in return securities valued at about pearl company stockbrokers stock brokers at 27 william street recently negotiated a one day loan with this institution on wednesday a check tor the amount the loan plus for the one days inte erst was presented at this bank by a stranger who received the securities deposited by pearl company for their loan the bank on which the brokers check was drawn is one with which pearl company never had an account so the forgery was not discovered until the check had through the clearing house exchange when it was promptly branded as fictitious A private detective was in and transfer on the securities once stopped the detectives intimate that they have a clue to the of the forger who Is believed to one or more accomplices it is believed that the forger had an intimate knowledge of pearl companas Comp anys affairs E A junior member of pearl company said the odd amount of the forged check represents a days interest 4 12 1 2 per cent As a matter of fact loan is recorded on our books at 41 4 per cent clearly somebody must have of the loan yet had ix en some one in our employ the interest would have been computed 41 4 per cent the firm of pearl company con stats of dyer pearl mr pearl Is now in europe the members of tho firm own stock exchange seats and their operations on the board have at various times been very extensive the securities offered by pearl company for their loan and surrendered by the bank tor a piece of worthless paper include 1000 shares states steel company common shares rock island common shares metropolitan street railway shares missouri pacific shares north american company 47 american tobacco company 6 per cent bonds and somo wabash debenture B bonds |