The Washington union., 1858-02-09
LAWRENCE, STONE, co., AND THE BAY STATE
a"t4 MILLS a.s 4

The stockholders of the Bay State Mills held meeting
at Boston on the 9TH instant at which the report Of the
investigating committee was read by the chairman MI
r. ]. b. Crownnshield The report embraces a detailed
history OF the company and its conncxon with Mes~rs
lawrence Stone & Co.. MIR Lawrence, as treasurer re-
ceived salary Of 90, cooper annun and the firm com
mission Of twoanda-half per cent all their sales
The entire amount Of their comissf from is4s to 1885,
from ths Bay State Company alone was over 1885, aoo
besides doing large commission business for tho Middle
sex Pembcrton and New England Woisted Companies
Their aggregate commissions for the year 1856 amounted
to nearly $s5 O0O On the failure Of the firm they owed
the Bay State Company nearly 1927 900, Of which, with
the exception OF ss7 900 paid account of tho tariff
bill, no trace can be discovered. The report says
..This large sum of money has been taken from the
company by its confidential agents, Of whom the treasurer
was one without tine knowledge consent or even s,s
pcn of the directors and the facts have been carefully
and studiousy concealed from thcm and IL has been ap
poprated To their use, in such manner as they
have seen ft Whatever that application may have been
or however they NAV have oidly or fooshly hoped
intended have made it good ut some future day. does
not change the nature Of their acts which can be char
accrizcd only fraudulent criminal conduct- an ap
popriation to their Of the property OF too
coniidng company by its agents, appointed and muni
Gently compensated to guard and watch its inter-
csts and manage its most important concerns.
The report alluding to the tariff disbursements,
says
What shall be said however, of the large Of $751;
OOO which in effect forms part of that taken from
us and from Others which was applied TO the procuring
of the passage of the last tartbat panacea which was
all evils Is that application of money such
to commend it to approval or to that OF the pub
lie 1t is true that know not with certainty where II
went or how it was applied ii except s. 900,
which spent for publications. newspaper articles and
the like OF the balance we know that 1t has gone, and
'ce kno~ one perso" by moa ,e dst'a we Know tha'
there time certain memoranda in the posses
sion of our agents which would IL is supposed, explain
in part this mystery but they have disappeared While
have figures for matters which do not appear obec
tionabethe diffusion OF light OF information. and
gumcnts there il careful omission of anything which
would show what became of the balance Of the money.
This gives rise sagreeac suspicious that II must have
gone for purposes which would not bear exposure, and
which needed to be hidden and concealed. Was il
ployed in costly entertainments ut Washington given to
those supposed to be able TO influence legislation there
Was it expended in the employment of corps Of lob
by membcrs-hangers-on to the skirts of members OF
Congress- to worry them into giving votes in favor of
such might be supposed favorably to affect
their interest was it employed for still darker and
more objectionable purposes We only know that ono OF
the firm r. Stone has told that while he at Wash
ington laborng diligently and with all his might to diff
fuse information by all lawful to persuade Con
grcss into the passage Of tariff which would prove less
and advantageous to tho woolien ihtcrests
which have long been depressed, he told that II he
hoped for IL would bo necessary for him to adopt
quite another of and to bc less scpuious
than he in tho Of the means at his disposal that
of more pliblc temper must be employed aud that
in consequence thereof he withdrawn, and another
! member of the firm sent 10 represent thciu aud
! who as he supposed, paid out aud disbufsed con
trollcd the application OF the rest cf the moner.
so money went without knowledge consent
We have account of IT, and not able to tell how
much of IL WAS and how much belonged TO others
We not assured that it did 90 Tor the arH "
is limited that it did not There is darkness abou, II
that cannot penetrate Perhaps il may he better thet
we should not There might be hrcuht TO light matters
which ID would be dssyrocoht q 3eoos t. have
posed. We told that what done dome with
good intentions and Tor COOL II that much raurt
cd tariff shall prove beneficial 10 tiac 'vusn menufae
turing interest we have the satisfaction of crrtemps
ting that had we been sticd by fticnJs befrs
the day dawned, too, might have tasted It's good
fruits. i1
A TgvoLuroSARy RNJc.-Mr. Lcmncl Putnam Grcs-
venor who died on the 10Th ult in ron,res Conneeti-
cut, has bcqucahed to the Connecticut Historical So
,icty the sword that owned and used by Gem rnel
utnaui during the revolutionary struggle