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Immense Counterfeiting Operation

--Arrest of the Parties.--James McLean, Cashier of the Boone County Bank of Lebanon, Ind., J. B. Hussey, Albert H. Hager. Miles A. Bidley, and J. P. Chipman, connected with the same institution, were arrested at Indianapolis, Ind., on the 2d inst., charged with forgery and circulating the money fraudulently issued, and were committed to jail in default of $5,000 bail each. It is supposed that these parties have circulated from $300,000 to $500,000 in counterfeit bills of the Boone County Bank, in Indiana, Iowa, Illinois and Missouri. Forty-five thousand dollars in genuine notes were issued by the Auditor of the State. The spurious and genuine notes are from the same plate, while the Auditor's and Register's names are counterfeited on the former. A. Spooner, President of the Bank, made his escape from Indianapolis, Saturday. About $100,000 of this counterfeit have been received by the bankers there from correspondents in the West. Several hundred dollars in spurious bills were redeemed at the Bank at Lebanon on the 1st.

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