CHAPTER IV.
FOOLS STUMBLING ON FORTUNES.
The present generation has become tolerably familiar with defalcations and robberies involving enormous sums. Previous to 1861 they were comparatively unknown, the reason being that the currency of the country was strictly limited. There were absolutely no Government bonds or currency, while the few bonds issued by corporations were not usually made payable to bearer, and, therefore, were not negotiable, and were of no use to the robber. But in 1861, to meet the expenses of the war, the State banks were taxed out of existence and our present national currency system came into being. In addition to the enormous issue of greenbacks, bonds payable to bearer, amounting to hundreds of millions, were issued by the general Government, by the individual States, counties, towns and cities, all becoming popular investments. Patriotism, and profit as well, led banks, corporations and individuals all over the world to invest surplus funds in bonds, those of the Government being most popular of all. The various issues authorized by act of Congress were known as "seven-thirties," "ten-forties," "five-twenties," etc., these terms denoting either the rate of interest or the period of years, dating from the first issue, wherein it was optional with the Government to redeem them. Everywhere, at home, in the theatres and public resorts not less than on the Exchange, were heard animated discussions about "seven-thirties" and "ten-forties." The business of the express companies of the United States took a new phase, and for the first time in their history they began to be the carriers of vast sums from city to city.
Then it was that those gentlemen who work without the pale of the law discovered new prospects of wealth, and realized that even to crack a safe or vault of a private firm would be rewarded by a find of bonds that might amply repay all risks of robbery under police protection, while to execute a successful raid on a car or even an express delivery wagon on the street would mean wealth. To burglarize the vaults of a bank meant, if undetected, anything from opening a magnificent bar or hotel in New York to a steam yacht and Winter cruises in the tropics and Summer nights on the Mediterranean.
The first coup in this line, which at once became famous, was startling in its ease and magnitude. It was known, and still is, as "The Lord Bond Robbery." Lord was a very wealthy man, who had inherited his millions. His office was in Broad street, where he managed his estates. He had invested $1,200,000 in seven-thirty bonds, all payable to bearer. For the thief, if he had any knowledge of finance, and knew how to negotiate them, such a sum as this in bonds was better than the same amount in gold, it being more portable. One million two hundred thousand dollars in gold would weigh upward of a ton, and would be difficult to handle, but that sum in bonds would hardly fill a carpet-sack. In our day, with safety deposit vaults everywhere, it seems strange that any sane man would keep so vast a sum in an old-fashioned vault in his private office, but Lord did so. His office was a very quiet one, with but few visitors, there being no business transacted in it but that of his estate.
"BY HEAVEN, I WANT MONEY."—Page [33].
At this time there were three or four gangs in New York, all well known and friendly with the police—that is, some or all were more or less under "protection," and had pulls at Police Headquarters. But the pull could not be depended upon at all times, particularly if the robbery made a noise and the press took it up. Then there would be violent kicks at Headquarters, and a general all-around scramble to get the thieves, and so far as safe, stick to more or less of the plunder. The gang that got Mr. Lord's bonds was what in police and thieves' slang was known as "On the Office," so named because they went around visiting offices in the business part of the city, one of the gang going in on pretense of making some inquiry and so engaging the attention of one of the clerks. Then the second member would come in and endeavor to attract the attention of any remaining clerks, while the third would try to get in without attracting attention, and, if unnoticed by those now busy talking, would slip around behind the counter to the money drawer or vault and carry off any cash box or package visible which appeared to be of value. This gang consisted of three men, Hod Ennis, Charley Rose and a man by the name of Bullard, afterward made notorious by engineering the Boylston Bank robbery in Boston.