Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1869-04-01

ADOuL IOuE y tlOCh Oii SAiS iADAAAA'-e, -
Monday, the 22d inst, Mr.. 5. b. Sibley,
of Milton, in this county, was aroused by
violent rapping, and on arising he found
two men at his door who desired to warm
themselves and repair their sleigh. They
were on their way to Essex Junction, as
| they said, and had lost their way. While
! the driver-a young man-was mendlnS
the sleigh, his companion, who was an
( elderly gentleman, appeared to be very
anxious and uneasy, and when, after
/ breakfast, the young man announced That
! it would be impossible for him to go
! further with his sleigh, but that he must
return home, to Rouses Point, the best
way he could, the old man objected earn
estly, and would not let him go unless
Mr. Sibley would agree to take him to
Hineshurgh where he said he had friends.
Mr.. S thinking possibly the pair might
be emugglers or worse, did not consent
till a relative Hho was visiting him at
the time agreed 10 accompany them.
They left for Hinesburgh after breakfast,
! the Rouses Point driver meanwhile start
ing on his return. On their way, and
while near Hiuesburgh, the passenger in
response to some pretty close questioning,
finally informed Mr. Sibley that his name
was Dorwin that he had left Montreal
suddenly, where divers bankers and 9TH
er parties were "out' on his account some
/ 5000. 600. that he had intended to 20 to
his relatives in H,nachurgh but would
rather turn buck ii Mr.. 5. woald agree to
keep him concealed in his house until the
affair blew over To this Mr.. Sibley did
not agree: but took him on To Hines
burgh, and left him with his relatives, OF
the same name there: after which he
considered il lis duty to come to the city
and inform officer ElaEagan OF the trans
action, and did So. Mr.. Flanagan ut once
proceeded to Hinesburgh, and found Mr..
I Dorwiu there. He seemed completely
overcome by remorse for his unfortunate
and criminal transactions, and expressed
i desire to make the best arrangement
he could with his creditors, and Mr.. +.
+ LETT him with the advice to remain where
he was and meet them like man. A
! day or two after representatives from the
various banks and firms thit had been
dcirluded came on here and at once went
10 Hinesburgh to attend TO Mr.. Dorwin' :
case but found he had fled, where or
when has not yet been ascertained
Mr. p irwin has stood well in Montreal,
and WIS formerly United States Consul
there. The Montreal Herald gives the
following statement Of the case
FINANCIAI-A fcw days ago it bee ,me
our painful duty to announce the failure
OF The i mixing house Of C. Dorwin & Co
and that Mr. Dorwin had left the city
Since then q good many wild reports have
been circulated, which we presume the
puhlic.wil have 10 accept with caution,
) Nv, ts - tl.ts NJ
Dorwiu. bad taken with lim the sum OF
SO,OUe. Ehis We Hear on reliable authori-
y j. not the case. The most which the
senior partner may have crried off does
not exceed $1,000 and it is probable that
the amount is under $1,000 The exact
position OF the estate has not yet been
exactly a,eert,i lined The liabilities
are about S25O00Q, $l50,000 Of
which are Indirect. being notes discount
cl and III the hands Of our bank, here,
chiefly Nelson's and Peoples Very lit
tie, ii any, loss Is expected to be sustained
by the Banks who hold their paper, the
security i'll most eases being satisfactory
10 the banks Interested. OF the 800. 600
direct liabilities, about the half IS duo in
Boston and New York, $4,000 tn the
Union Bank fer gold drafts sold that in
,titu;ion Two ladies, who are reported
to ha.. lad on deposit ) 900 each had
only - 600 eteh, and that of 81 600 by
another % our citiZcis, is exaggerated,
being less than Si0o Several leading
houses in the city who we're in the habit
of lravin-, silver in special deposit, will
suffer in suin- ranging from ~ 800 to
- 800 Tho other liabilities are scattered
and vary in amount The available as
sets are very small, being chiefly III prom
Is-ary notes to the amount of $4,000, and
cash $1,000 all the real estate consisting
of vacant lots in Grifiintrwn, and the
residence in Sherhrooke street, having
been secured to Mrs Dorwin. These
properties, We understand, are estimated
at $4,000, but the residence is mort
gagged to the extent of $1,000 1t is
rulnored that Mrs DDrwin has consented
to place thes. properties at the disposal OF
the creditors, but of this we are not GER
tain Many reasons have been assigned
fort he failure but the more immediate
cause of the stoppage Has the withdrawal
by several persons OF large amounts on
deposit.
The Herald and the Montreal papers
generally are naturally desirous to make
the defalcation and loss incurred by the
Montreal banks and business men as light
as possible. We have no doubt from the
admissions made by Mr.. Dorwin, and from
other information, that the amount
brought away by him was in the neigh
borhood of 100000, and that the direct
liabilities are double that sum.
PUB1IC CREDIT BILL-The following
is the text of the public credit bill:
Be il enacted, etc, That in order to re-
move any doubt as to the purpose of the
government to discharge all just obliga-
tions to the public creditors, and to settle
conflicting questions and interpretations
of the law by virtue of which such obii-
cations have been contracted, it is hereby
provided and declared that the faith of
the United States is selemnly pledged to
tie payment in coin, or its equivalent, of
all the obligations of the United States
not bearing interest known as United
States notes, and of all the interest-bear-
ing obligations, except in cases where the
law authorizing the issue of such obliga-
tions has expressly provided that the same
may be paid in lawful money, or in other
currency than gold and silver; but none
of the said interest-bearing obligations
not already due shall be redeemed or paid
before maturity, unless at such time
United States notes shall be convertible
into coin at the option of the holder, or
unless at such time bonds of the United
States bearing lower rate of interest
than the bonds to be redeemed can be sold
at par in coin. And the United States
also solemnly pledges its faith to make
provision at the earliest practical period
for the redemption of the United States
notes in coin.
OFF THE TRAcK-The train over the
Bennington and Rutland road, due here
at noon, was some two hours late, yester-
day evening, owing to the trucks OF one
of the freight cars coming out, which