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Story November 11, 1849

The New York Herald

New York, New York County, New York

What is this article about?

The Herald's exposure of frauds in the Protection Insurance Company, State Bank of Morris, N.J., and Susquehanna County Bank, Pa., sparks tremendous excitement in Wall Street. The newspaper is investigating the swindling operations of involved speculators and plans to publish the full history of these stupendous frauds.

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Full Text

Stupendous Frauds.—The exposition published in the Herald, yesterday morning, of the affairs of the Protection Insurance Company, the State Bank of Morris, N. J., and the Susquehanna County Bank, of Pennsylvania, has created a tremendous excitement in Wall street, and a great fluttering among the parties interested. We have been busily engaged in a further investigation of the swindling operations of this nest of speculators, and have in our possession the names of all concerned. As soon as we have probed the affair deep enough, we shall give the history of one of the most stupendous frauds ever perpetrated in this, or any other community.

What sub-type of article is it?

Deception Fraud Crime Story

What themes does it cover?

Deception Crime Punishment

What keywords are associated?

Stupendous Frauds Bank Swindling Insurance Company Fraud Wall Street Excitement Speculators Investigation

Where did it happen?

Wall Street

Story Details

Location

Wall Street

Story Details

Exposition of frauds in Protection Insurance Company, State Bank of Morris N.J., and Susquehanna County Bank Pennsylvania creates excitement; newspaper investigating swindling by speculators and will publish full history.

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