The New York herald., 1868-08-21
ExClTEnENT Nv PHILADELPHIA.
Defaicntion and Disappearance of nn Iron
Merchant and Cashier of the Allentown
Rolling MiIis-Bctwcen One and Two Hum
drcd Thousand Dollars Missing.
From the Evening Telegram OF yesterday.l

From the Evening Telegram OF yesterday
PHILADELPHIA August 20 1865.
There were vague rumOrs on the street on Tues
day OF dedication having taken place in the iron
trade but 1t impossible to trace them TO any re-
liable source so carefully was the secret Kept. Yes
terday, however, it became currently known that
MI Charles Cabot Of the iirm OF Cabot Ettnge IRON
commission merchants, No. l05 walnut street. nad
suddenly eft for parts unknown leaving MS anaifS
In SUCH mixed condition that 1t was almost lnpos-
sble to estimate the amount OF his supposed deiai-
cation. II is, however, generally supposed TO range
from $3.50 900 to 5000, ,0O0 Expert Dookkeepers are
hard at work trying to get things In order lor
proper examination.
1t appears that Mr. Cabot commenced business
with MIR. Ettnge shortly before the commencement
Oh tne war; They did mostly commission business
While Mr.. Cabot was president OF the Allentown
Rolling Mills. Mr. Cabot is man about thirty-lve
or forty years Of age, tall and slim, and Of very
tended entirely TO the financial affairs Of the irm
while his partner, who Is young man OF about
background and acted as kind OF salesman, know
ing whatever nothing about the monetary condition
OF the house. For the last two weeks the latter mas
been enjoying himself at Cape May, while Mr. Cabot,
1t Is alleged, has been quietly preparing for his
sudden departure that he made on last Saturday
evening or Sunday morning after drawing all the
funds out OF the bank, &C. Il is known that he
raised some $4,000 $4,000 In ready money IN this
and other ways during the week. on saturday
afternoon Cabot teegraphed to Ettinge to come up
to the city Monday morning, as he desired to see
him. There was to be meeting OF the Board Of Di-
rectors Of the Allentown Rolling Mill on that day
Mr.. Etinge Obeyed the request but instead OF ind
ing his partner found the following brief note:-
PHILADEI PHIA, August Is, 1853.
DEAR ETrINGE-I find that my books are In such bad
condition that shall be unable meet the directors or the
rolling MILL shall leave the country. Yours truly, -
This note and Mr.. Cabot's non-appearance caused
much excitement among all parties interested, ana
an investigation of the books showed that they were
truly in "snOckng condition. AS said before,
they placed in the hands OF experts, who, alter
two days. work, have hardly yet commenced to see
daylight. The previous secretary OF the Rolling
Min Company was, 1t is said, an unreliable and care
less man, and it often wonder to the stock
holders that Mr.. Cabot retained HIM.
There are various surmises as to the where
abouts of Mr. Cabot At first some OF his
friends thought he had committed suicide, be-
lievng that he was too "high strung" to
live under such dshonor; but the subsequent
disclosures showing how carefully and recently
he had 'feathered his nest" dssipated all such
fancy notions 1t is thought by some that he has
left for South America, where he was at one time
engaged IN business. He is unmarried and lived
with his father at his handsome mansion at German
town.
Great sympathy is expressed for his partner, Mr..
Ettnge, who is considered by all entirely innocent
OF all connection with his partners financial specu-
latiOns.
The iron companies for which Cabot Ettinge
were agents say that this defacatiOn, although 1t
will harrass them to extent, OF course, will not
be likely to affect their s0lvency.
Cabot 4 Ettinge were connected with the firm of
John Cabot Il Co., OF New York. The latter have
telegraphed on that they will be here with their
books to-day.