The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-06
Report OF the Hay State Mills Investigating
CSmmltsse.

Report Of the hay State Mills Investixasing
Csmmitsso.
me stockholders Of the Bay State Mills held meeting
yesterday, at which the report Inveigating Com
mittee read by the chairman, Mr.. r. j. b. Grow
ninshield.
Tue report makes over four newspaper columns ON.
bracrg detailed history Of the c,mpany and counec-
ton with Meesrs. lawrence, Stone & Co. Mr. Law
renee, as treasurer, received salary Of 81 oo per
num- and the frm commission OF and per cent
all their sales The entire their commissions
from 1888 TO 1867 from the Bay State Company alone was
$s3t 00o besides doing iargs commission businsss
for the Mddesex, Pemoerton and New England Worsed
Companies. Their aggregate commissions for the year
1855 amounted 70 nearly S96 o00 On the failure OF the
firm they owed the Bay Bate Company nearly 1927 900
of which, with the exception Of Ss7 oOo paid
Of the Tariff bill, no trace be discovered The report
says "1hs large Of money has been taken from the
company by s confidential agent. of whom the
ope without the knowledge consent suspicion
of the directors and the facts have been carefully and
stud oouely concealed from them and has been Appro
priated 10 their use, in such manner they navc
IT. Whatever that application been, or no
ever they may nave iondy or ooshy hoped or intended
to have made good future day does change
tho nature OF their acts, which be characte 'zed only
as fraudulent, criminal mscondnc,an apsopr ation TO
their own use OF the property Of too conhding
company by Its agents appointed and mun6ceniy
conp nsated to guard and watch ts interests and
manage s most imports The report aiiuding
10 the tariff aisourtem ent says-"wbat shall pc said
however OF the large Of $s7 900 OF money which in
fleet forms part OF that 40 taken from ana from
Others, which applied 10 the psOcurng OF the passage
II the last tr-hat panacea which was To cure all
e,is9 Is that application Of money such to coaineui
with certainty where went, how 1t ap
pied # we except some % goo which was spent FOR
Sss ana e nd ke xo " a@ Ss
person by whom II was disbursed. We know
thst there were at one time certain memoranda
In the possession of cur agents which would Is suppos
ed explain IN part this stery, but they have disappear
While have figures for matters which do appear
objectonabe-the diffusion of light, Of information and
arGumentstheYe n careful omission Of any hing which
woulo show What became Of the balance Of tho
This gives rise 70 disagreeabe suspicious that must
gone for pui poses which net bear exposure
and which needed 10 be hidden ana concealed. Was It
employed in costly eDterainn ents at Washington, gwen
to those supposed 70 be able 10 influence legislation therep
Was exr nded in the employment OF corps OF lobby
members, hangers on to the skrs Of members Of Con
eress to worry them into giving woes In favor OF such
as might be supposed favoraby to affect their
ieTeftf OF was employed for still darker and more
Objectionable purpo-esf We only know that Of the
hrm Mr.. Stone--has told US tina. while he at Wash.
ibgtoD laboring diligently and with all his might duse
noI alton by all ap !ui persuade Congress into
the passage which would prove less ouerous ami
advantageous the woollen interests which have
long been depressed he told that IL he hoped for
,ess wouo be necessary tor him 70 adopt quite another
ctuse Of measures, and TO be less scrupuous than he
vas ip The OF the III his disposal that letters
written home ga. ing that some other agent-ons
OF u IN ore pnabie tnpeT-must De- employed; ana tlat
copsequf thereof be withdrawn and another
member Of the firm sent 70 represent them, aud
Who as he sn 1posed paid out and sbursed contro
90 TIE application Of the OF the money. go
ney wsnf without knowledge consent We have
account of IT, and are no. able TO tell how much OF
ours, and how much belonged TO others
We not assured that IL did go for the tariff II
u binted that did n@t There Is darkness ABOUT II
cannot pei etrate Perhaps may be better that
sbovsd not There might be broaeh,t 10 hight matters
which would be disagree fbe 10 some people 10 have
exposed. We are tola that whatever done
sth the best intentions ana for good II that much
vsurted arlh sha prove beneficial IN the wooien
factur interest, have the Satisfaction Of
plating tnst had not been sed by friends before
The day dawucd, we too might have tasted It's good
uuits "
The report pied and vote passed TO Dissolve
the corporation ana cloee up liz Affairs
MKsrIse or rBK cKrpTToRs LAWRENCE, STONE
From the Boston journal, Feb. 81
The adjonined hIst meeting of the creditors of law
renee, stone Go held before Judge Ames Of the
lueoVsBcy Court, yesterday afternoon. Toere
large tsbdsLce aud claims 10 the amount OF 81 SS 502
pTesented and allowed. The endors Of
Railroad sukIg fund to the amount Of s52 2h0 co.
peseBed rut the paper bad yet become they
we're not allowed Al the previous meeting Of the credit
tors 10 the amount OF $4,000 presented add
the queeon Of allowing them pended until fu ther
Investigation could be had Most OF these we're mall
GAINS The amount presented and allowed thus tar is
about ~ 200 900 II Is expected that this will
Increased a, the adjourned meeting. lhe following
the largest claimants. h proper however, 10 re-
msrk order that inustc, may be done these lam-
ante that nearly quite instance their claims
fsi of the acceptsBces Lawrence
ib the most believed 10 be solvent, which
paper when taken by tho principals viii Of
hetc The estate Of Lawrence, Store Co from t,eso
ella me-. The principal claims are
X.