The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-07-16
ALLEGED HEAVY DEFaLCATION.
4 POmghixeepsie Railroad Contractor re.
ported to Have ACKNOWLEDGEMENTS Esti-
mated at S3O,OOO-t;reat Excitement.

4 POmghixeepsie Railroad Contractor Rs.
ported TO Have ACKNOWLEDGEMENTS Essi-
mated at S3O,OOO-C;reat Excitement.
Pou0HKERrsiE, July Is. 1869
Considerable excitement prevailed to-day in this
city in consequence OF report having gained
credence that Walter WEIGH, sub-contractor on
the Poughkeepsie and Eastern Railroad, had All
seconded after defraudng various merchants ana
business men Of this place to the extent OF about
$4,000 by means of checks and loans. It appears
that WEIGH was associated In business with Or. lay
man and Colonel Smith, OF Pine Plains, Duchess
county, under the firm name OF WEIGH L Co.. having
a heavy contract for work the railroad
referred to above, near Pleasant Valley. welcu
was the controlling mind over the financial
afYars OF the nrm and common rumor says that ne
lived very fast life, drove fleet horses, mmacu-
late kids &c About the end of last month"; IL under
stood, he paid almost all the bills held against the
firm with notes endorsed by various responsible par
ties, although he had received about $4,000 from
Messrs. Grifey DAVIS, the principal contractors
under whom he worked. He also gave due bills aud
orders TO merchants in this city for goods obtained:
''W Welch, /" mWeIch, Layman." &o
kill Bank a check Of Grlrey 4 Davis for $500.
which was promptly csshed, the money being
day certain proportion being In shinplasters, q
certain number Of ones, and the balance in nves and
Morgan r House. wi Where he met his WIFE lie sat with
her I'm the sitting room nearly one hour and half.
when she went to dinner, he bidding her goOdby
and leaving the hotel, telling Mr. Putnam, the pro-
the works right away" that he was getting along
first rate land his work would be finished In ak
weeks. At quarter to one p. N. Mrs. WEIGH left
the Morgan House IN coach Tor the depot, taking
depot, she had checked for New York.
Later In the afternoon, about four p. NJ, Walter
WEIGH was in company with Mr. smith, one OF ms
partners, near Pleasant Valley, both riding IN
carriage. On nearing MIR. Bowers place WEIGH in
sructed Smith to drive to Pleasant Valley and put
up hts horse while he walked IN another direction
see man about the purchase OF some hay. THIS
was the last seen Of WEIGH and Is everything con-
nected with the affair looked suspicious his house
nearly everything ABOUT the premises was packed
up preparatory 60 moving away. Then
II was nss the s sra.n na nasaea @p9n the minds
greatest excitement prevailed. The news was AZ
brought to this CITY, reaching here about nine
p. M, but strange to say, but one policeman knew
anything about 1t, aud not a single telegram was
sent after the fugitive SO secret In fact was the
news kept, that the Chief OF Police, Mr.. Bush who
should have known all that the subordinate police
man knew, only heard OF the affair accidentally in
barber shop the next morning. Early this morning
the affair was the main topic OF conversation on the
streets, as many persons claim to be heavy losers.
and the aggregate OF loss must reach $50, 900.
AT Pleasant valley where the railroad aborers are
congreRated, the inhabitants this morning appre-
hended trouble The Irishmen gathered in groups
about the country inns and made loud threats Of vlo
lence II they did not receive their last months pay
some or the b0ldest urged the tearing down OF tina
mason work on the railroad and the destruction ID
the grade, but up to dve O'Clock this afternoon po
vl0lenceo has been reported. Messrs. CrlTey h
Davis are responsible men and assure the aborers
that they shall be paid Dr. Layman, Welch's
the arrest OF WEIGH end recovery OF the funds There
" much feeling against Colonel Smith ono OF wech'a
partners. who left Tor New York this mornlng