The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-01-26

CHANCE OF FALSE PR1rENcRs AGAINST DANIEL w.
TOWNSEND, Ex. PRESIDENT OF THE BowERY BANK
EXTENSIVE OPERATIONS DISCLOSED.
Before Justice Osborn
On esturdsy afternoon, warrant Was Issued by JUS
tice Osborn for the arrest Of Daniel w. Townsend, Ell
President Of the Bowery Bank wherein he stands charged
with obtaining money, to Q large amount, from Aoal
Miles Chester briggs Charles Mathews, and others by
fa.e fraudulent representations in the sale Of stock
in the New York aid Croton Ses Faucet Manufacturing
Company lcrs.ed at Nos 60 and IS Centre street The
the will be elected from the following ccpy
Of sfidsvts now on 6ie in the Poll ,e Court
Abia Miles, Of the frm OF William B. Miles, Of No.
SO Christie street New York. being says that they
Of which Daniel W. rcwnssBd PRESIDENT; that
the fr,t OF October lS49 deponent in the bank
ing 6tpott, when said rssDfeId called deponent into
back OF the bank and asked witnes to take rome
stock in Steam Faucet Manufacturing Company d,
penent raid, We hsve no money" ne replied That
of consequence as We will discount for you 20
the Of the stock that you viii take witness ss
declined taking any stock of said compapy on the iIh
day of October, rown.epd witness's place Of
BURNERS renewed his application for deponent and
bic partner take stock In ssd company and as an IN
ducement Tor them TO take such stock, re (rowa.
tepd) said the company WAS aoing large b1sisess,
that they could set supply all the orders upon
them, that it would pey IL per cent oy the next
July, and thai in q Year two r would pay a.
least 25 per cent per 8nnum SAID he hat taken stock
TO he amount OF i've thousand dollars watch ne would
not do were il not q money making husine.s Towns.
urged deponent ind his partasr TO take stock TO
amount Of Two thousand dollars; that they could
fxCU in csfh, aid give Eotsh pGJaOe w ehcn
month Until the $4,000 we've paid that Townsend had
the notes prepared aId deponent 10 sad toHnsen
500 in Sash and executed notes for the amount OF
SeO csted the LIST Of October and payable III sums OF
S.uC each month, making in the whole sUu0 ana gave
said catn end notes To ssIa Townsend Inst he request
60 witness 70 go TO the OF business OF the said
New Yosk and Coson steam Faucet Company in Centre
trt.t, ,hat depoDeDt wens tnere in company With
4twht.Ld; that M introd need seponent "A w.
Netcsli AZ president OF the raid company He All
Townsend showed witness all through the building,
Sh.r. coed deal Of bu,ine going with
q fft q rhn
tie company, escrpt the engine. Witness eynced
cone .ufprise st beng informed that the eng did
not bsiong TO the company when said TaSn.end re-
pied that that would into their ros session,
wosde that effect thia during the latter part
q oeiot.. or first of November. That deponent sup
fo''d iron the Irets aicns and acts ot sad Fo"ns
.Ld that ihe raid association company Was prosec.
cuttings lucrative and profitable business; that Il was
tree iron debt. and what Geponenc advanced was or
would be profitable investment That said rewnsend
and M.ca carefully and deponont charges, ffaudu
leDty concealed from the knowledge OF oeponent
the fact o the existence Of wo to the amount
rnedy OF sixty five thousand dollars then existing
the property association and also OF other
large debts and RESP onsibiies for which toey
liable In consequence ii which, deponeBt and his part
nar have ed great losses the least
fuitep hundred dollars, an he fears. made Eeepon
sibe Tor other liabilities to large mount That he
satisfied and is able to prove that at the time hat he
induced te sub>cibe Tor sed STOCK by the tsePse
sLtst.Ds Of said Tow nsend tho said association or
IRny utterly insoyeA aui the stock worthless and
that said rownstns s.tcat knew the same 50 70 De
and bat the notes and money go advanced oy depcaen
and biz partner applied to the payment OF debts pre-
viCIsy contracted by TowLseod and Aetcalf, and
1t used applied 60 the uses or bene1t 81 sad com
papy that raid notes ana money Obtained from
deponent solely the alse and fraudulent repfesen
tateDs OF rsid Townsend and metca lie therefore asks
for process 10 compel them 10 answer said charge.
hyiiTNcE or TIE BooKRfEPEa ~ the CONCERN.
William BULLY being swe-p rays. that in the fall Of
lss7 be commence and EN- poy booskeep.r by
f. Metcaf Nos IS anc 60 centre street. that Net
calf hsd p,.yorsly bs.n in partnership with William
Reed; that RAID partnership had then be' dpsolved
sId the concern ins,vent 70 tie amount OF AZ itse
twenty c thirty ,houand dollars that during tn al
Tysr and ipfl M
raid Meica and sad Townsend advanced as capital Tor
the forty thousand dollars, as set forth below
the Me:cs 70 secure the payment of twenty
five thsushUd dollars 10 David IL. Marvin. OF which
ToNItepd normed that the forty thousand dollars
before mentioned as adyancat by Townsend, was pro
CURED by checks trawn by Albert w. Metcalt on
tie Bowery Bank, 10 the amour. Of little orer
twenty thousand dollars, AMI by checks drawn by
A ". Metcaf Co, ON said BoHery Bank 70 the
s0ount OF about thirteen thousand dollars aud about
nLe Thousand dollars which Townsend drew for ou the
taid Bos.ry Bank. making sum total Of over forty
tLouard dollars; that consequence OF the above
srsf committee Of the directors Of the Bowery sank
called 81 Mecsl laee Il business and required pay
melt Or ueuiiy toE tie ioity thousand dollars eve:
Crafts Of M.tcsh, Metcaf & 90, ard D W Townsend
n'd bank mortgage the ee;ablishm mt in Centre
street, embracing MI the stsch machinery end pro-
Ierty teioIsirg 10 the Concern, secure the pay
nent ci iCrty thousand dollars 10 the ssid That
TIE said noltgsgr executed ana delivered u the
sosry haiE II III psirg OF 49, thai at The time Of
the delivery Of The said n rgase Il wa agreed by the
fhetlt q sid 9ak 70 discount business paper fo sid
Metrsit fgtM tine TO time, and to deduct from the
atuDt oitcopIttd and t. be re ned b. the bank ten
~ ocr! sIiet xes to lie apri.ed the payment and
lGdStu ot he sai norterpe That 40 III twenty three
fou,ard dollars q palcr wac discounted Tor tie said
Netcs tie per cebt TeserYd by the bAnk IN it
tie said twenty tiree housnd Gulsrsso 1unt.d by
tse Errry E.nl ae Aforesaid. use accomm .datisu
paper arc wss. Nptu Il majurcd dishonaed. leaving
IL sintur de q cad bank from a. ". Malcat \ Co.
81 tyeI StCtCo shl.h fsld sum tosetber with tEe
ar unit liz ucrtg4c- executed 10 saia Marvin
tle sId owing II. first %, {, october 1853 tuGs
Vfrst ii G ober ls,g aud psrrtas to that Ike Tie
e,,..tu a Il M,tc4lf 4 ~ saautte,Ix igso,yeut
srt flst N. . In ana az. II a Y! : ,pceru al mat
tfD, .1ette,d ,e : an III Iii III. ,r9prty d-bts d4
&c ielorrpr ID ia, atl concern ~ lea,t $1,000 AID
tt.t Il, ,fcy ~, lly 40 Il. i, ail J.,cajf AMI
trvf,frS II ,l is,t a. zing FIX m Yors ,o,nn
tyG gtepyn E,,e. hisr,tscltip, 90 ana "a M Zine
al t-,cutrt s1lbserits 10 re .totg thereof: mat no
sst..rstt s,5e : ,at NIb,a rer.s knevlydye la
siy,es " Nefc., gurcsos,s5y compsny Il sid
Nrte1t - Aetcs \ 60 ~ bs ur tAir gosd VII ~ the
eoEcdA y IS.utano uol-rs q ~ any other sgn
4. IL q ssitclst ION we've SrngiMtpl TX ptyac uap No.