The People v. Goldstein

12 N.E.2d 642, 368 Ill. 50
CourtIllinois Supreme Court
DecidedDecember 17, 1937
DocketNo. 24407. Judgment affirmed.
StatusPublished
Cited by2 cases

This text of 12 N.E.2d 642 (The People v. Goldstein) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
The People v. Goldstein, 12 N.E.2d 642, 368 Ill. 50 (Ill. 1937).

Opinion

Mr. Chief Justice Farthing

delivered the opinion of

the court:

Meyer Goldstein was indicted at the July, 1936, term of the criminal court of Cook county for the crime of forgery on June 16 preceding, by possessing, publishing, uttering and attempting to pass certain forged debenture bonds as genuine bonds of the American Telephone and Telegraph Company, a corporation, with intent to prejudice, damage and defraud the Main State Bank, a corporation. A jury found defendant “guilty of forgery in the manner and form as charged in the indictment.” Motions for new trial and in arrest of judgment were overruled. Judgment was entered on the verdict and defendant was sentenced to the penitentiary for a term of one to fourteen years. The cause is here on writ of error.

Defendant is president of the Reliable Wholesale Tailoring Company, a corporation, of Chicago, and in January, 1936, a Mr. Deutsch, an associate of defendant, introduced him to L. Shirley Tark, president of the Main State Bank. Defendant desired to open a credit account for the company. Shortly thereafter Tark visited defendant’s place of business and requested him to furnish a financial statement of the company on its letterheads. The statement listed, among other securities, $8000 par value five per cent bonds of Imperial Irrigation District, El Centro, California, which were, at that time, hypothecated at the Milwaukee National Bank by defendant’s company, to secure a $3000 note. The current market value of these bonds was $5600 and defendant told Tark he had collected the interest due January 1, 1936, and that all the bonds listed on the statement belonged to the company. The next interest due date was July 1. An arrangement was made for a loan of $5300 by the Main State Bank to defendant, and on January 16 defendant signed a secured note for $2800 and an unsecured note for $2500, under a verbal agreement that the collateral could not be withdrawn by defendant until both notes were fully paid. The net proceeds were credited by the bank to the tailoring company. As a part of this transaction defendant gave an order on the Milwaukee National Bank for delivery of the above bonds. The Main State Bank paid the $3000 note and received the bonds from the Milwaukee National Bank.

About April 1, defendant wanted to withdraw these bonds but was informed by Tark that to do so he must pay both notes as originally agreed. Defendant then offered to substitute American Furniture Mart and Wilmar Gas Company bonds which he said he would bring in, but did not. Tark next saw defendant late in May, with another man, presenting a check to the bank’s teller, handed him by the stranger, in payment of the $2800 secured note. When Tark saw him, defendant came over to him in an excited manner, but Tark refused to release the bonds unless the unsecured note was also paid, so defendant did not take up either note. On June 16, defendant applied to the bank for a loan of $7000 on the security of ten $1000 par value American Telephone and Telegraph Company bonds, which he said he had just bought. He discussed the application with and exhibited these bonds to Tarlc and to Elmer S. Ascherman, vice-president and cashier of the bank. Both immediately detected the proffered bonds were counterfeit but did not tell the defendant. He was then asked where he purchased the bonds and defendant told them he had bought them of Marks Laser & Co., a LaSalle street firm, at Defendant signed a note to the bank for $7000 and left the bonds without then receiving credit therefor, being told that the bank must first ascertain whether the Federal Reserve regulations permitted it to make a loan of more than forty-five per cent on listed bonds. Ascherman at once called Marks Laser & Co. and was informed they had no record of Goldstein purchasing the bonds. He then called defendant and reported this information, whereupon defendant said he believed his brother bought them. He was asked to bring over the paid bills, which he said he had in the office, showing when and where the bonds were bought. He reported back to the bank that he had been looking in the files but did not find them but said he could not have had the bonds unless he paid for them. The next morning defendant sent his office girl to the bank. Ascherman then had a telephone conversation with defendant who demanded credit for the bonds or their return to him, which the bank refused. Defendant was arrested that day and taken to the State’s attorney’s office. After being first warned of his constitutional rights he there made a signed statement. The substance of this statement, which was made in the presence of Tark and several others, was that he had obtained the American Telephone and Telegraph Company bonds from one Leo Stephens, whose residence he did not know but whom he reached by having him paged in the lobby of the Sherman hotel; that his first acquaintance with him was in 1935, when Stephens appeared in response to defendant’s advertisement of a reward for the return of merchandise stolen in a burglary of his business place; that Stephens appeared and said he could help him but the “police beat him to it;” that Stephens later came to his place several times and, in January, 1936, mentioned these bonds; that defendant told him he had some securities, including at that time $8000 six per cent 1940 American Furniture Mart bonds, for which he said he was offered 67 or 69, $2000 Randall Manufacturing Company six per cent bonds, called in February, 1936, at 102, and $6000 six per cent Wilmar Gas Company bonds for which he had a previous offer of about 44 to 47. He also said these were all unlisted bonds. Stephens offered to and did exchange the $10,000 par value of American Telephone and Telegraph Company bonds for defendant’s bonds, for which defendant said there were no buyers.

N. H. Whiteside, Jr., who had been employed by the American Bank Note Company for sixteen years, testified he was familiar with the methods of engraving, with the paper and type of ink used and with the original issue of the American Telephone and Telegraph Company bonds, the entire issue of which was printed by his company. He further testified that the bonds in evidence and which he had examined, were not a part of the original issue, were printed on a watermarked paper not used by the company and were in one color, while the originals were in two colors, that the numbering was different and the general character of the impression of the bonds varied from the originals and that the vignette was particularly bad.

Over objections of defense counsel the court admitted in evidence proof that the Imperial Irrigation District bonds were stolen in a bank robbery in Glendora, California, on May 2, 1933, but it was stipulated the defendant was in no way connected with the robbery. The defendant did not testify.

Defendant first urges that the general form of verdict returned, by omitting any finding of intent to defraud, impliedly acquitted defendant of an essential element of the crime and, therefore, was not legally sufficient to convict. In support of his contention, he cites Fox v. People, 95 Ill. 71, People v. Lee, 237 id. 272, People v. Ellis, 309 id. 51, and McKevitt v. People, 208 id. 460. In the Pox case a defective instruction was given which did not require any finding of fraudulent intent in a forgery case involving making and uttering, etc.

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Related

People v. Hackbert
300 N.E.2d 777 (Appellate Court of Illinois, 1973)
People v. Gordon
125 N.E.2d 73 (Illinois Supreme Court, 1955)

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Bluebook (online)
12 N.E.2d 642, 368 Ill. 50, Counsel Stack Legal Research, https://law.counselstack.com/opinion/the-people-v-goldstein-ill-1937.