New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-11
FROM BOSTON.
,orrrspondeuce of The ". Y. Tribune.

Correspondence of The N. Y Tribune.
BosToy "Wednesday, Dee. =, 1857.
Tie affairs of the Bay State Mills as exhibited
Yesterday at the stockholders meeting, are IN much
worse condition than those Of the MIDI esex Com
pany The debts Of the coLcern are 10 round num-
beers 50 400 900; its property 81, 400 900, of which
81 500, OO0 consists Of real estate mills sc land
81 900 90 in goods, materials notes. &c. The
capital of the Company is 81, 100000. Yoa will
see that il is in very bad condition. Lawrence,
Stone 4 Co. owe the Bay State Mills half a million
Of dollars, and the Middesex Company about
quarter of Il million. Very plain terms were used
by some Of the stockholders In speaking OF the
transactions of this firm, and especially OF Mr. Law
renee. Mr.. I. Is. CrowBinshied wanted to know
who had embezzled the money, and how long the
embezzlement had been in progress. Mr. @. III.
Ellis proposed Committee Of Inquiry, with view
not only 10 scrutiny into the condition of the prop
erty, but also to legal investigation as to whether
any criminal act had been committed. Ihls propO-
sition was agreed to, and Messrs. +. b. Crownn-
shield Charles p. Curtis, George W. Lyman, Peter
T. Horner and Richard S. Fay. jr.. were appointed
On the Committee. Mr.. Lyman is also on the In
yestigatng Committee of the Middesex Company.
Among the men who were present at the meeting
were Judge BipelOw OF the Supreme Court, Z. l..
Woodbury. Sidney Bartlett and George S. Hillard.
presume, however, that these gentlemen are not
large stockholders.
The principal part of the blame seems to be loaded
upon Mr. Samuel Lawrence but Mr.. Jsrves Slade,
another of the partners OF the firm of Lawrence,
Stone q Co., seems to come in for a part OF 1t. II
Was stated by Mr. Hail. the President of the Com
pany, that some two years ago Mr. Lawrence and
Mr. Slade being anxious that the affairs OF the con-
Germ should not look quite so unfavorable as they
really were, protested to give 70 the corporation
Sl20 900 worth Of wool, not charging it. by this
fssifca ion of the accounts the mills appeared to
have lost at that time S20 900 less than they really
had lost and as Mr.. CrOwnlnsbield expressed ~
they gave the wool to the Company, and then took
&" it out of the COmpany's pocket.
Mr. Hall, the President, repeated his former
statement as to tie efforts of the directors two
wears, or a year and half ago, to change the
system" by procuring new treasurer. Ana ne
added. that they had not only tried to induce MI
Ignatius Sargent to take the place. Dut also other
men. 1t seems however, that they were unsuceess'
full think an advertisement IN one OF the news
papers would have brought out candidate OF TWO
for the office. The office of Treasurer is, however
more important than any other connected WIN our
manufacturing corpe ratons, and perhaps more Dun
cult to fill. And il may be, that man OF the ngnt
sort of responsibility was not easily TO be found.
Almost any change, however, as 1t now plrns out
would have been fer the better. at the meetings vi
9TH the Bay State and Middesex corporations, the
stockholders seemed disposed to admit that the
President and Directors had done all they could 70
prevent the catastrophe.
Elections took place on Monday for city orlcers
in Chelsea New-Beeford Springfield, Cambridge
and Lawrence. Next Monday, Boston, Lowell
Worcester, Ro1bury, Salem, CharestoWn, and per-
haps other cities, hold their elections. When these
are completed will try and find out whether On
the whole the cause Of order, sObriety freedom ana
good government has in the aggregate loss OF galeo
The Rev. Thomas I. Stone of Bolton, 10 " orcee-
ter County formerly of Salem, and previous % Ills
eettleu enl in Salem, of Mschias Il btaeVe " hsne'
commenced series Of lectures on Englnn Li' T
ture at the Lowell Institute last evening; 1 nc
managers of this institution have changed tnen
method of disposiIg Of tickets. Formerly, nau'So
| of applicants were received and entered upon
| book and disposed Of by lot. suppose td's wes
| troubeson Il process; at any rate, u mas oeen
changed. and the rule IT, first come nrst served.
Accordingly there was great crowd la.t aigat a.
| the hall, and those VINO hs2 sense enough 70 g
early secured the opportunity OF hearing ,oI So'a,
ing twelve lectures from one C' the ao'e'' "en 4"
| the State. l..
The Boston editors were made merehandne OIL oy
Mr. Buchanan, in the matter Of the Message, anu
are naturally quite indignant. foStnas1. CuP.u
was in possession on Tuesday, and perhaps % son.
| day, Of certain sealed packages, when nc sT ~
scientiousy refraind from opening, oal winch nc
and the edtors had no doubt contained tne
in which the President is expected 10 Pdt ior.n, u
tedious prose and provoking sophlstry ana aseAood
his excuses for whatever misdemeanofs 10 and hi'
party have committed or are proposing 70 commit
| The evening paper, wero expecting ~ publish II.