Wilmington journal., 1869-08-13
From tho Providence Herald, August 4
A Rhode Island DefalCatiOn.

A Social, PfoUs Young MAN, Whose Liza
bfIittes Amount 20 $%O, 600.
! Pawtucket latterly seems to bo place of
sensations Hardly does one excitement
die away before another appears. The
| latest is the defalcation of one of the most
| prominent business men of the place. Mr..
Oliver T.. Hackett, senior partner OF the
| firm of 0. l.. Hackett u Co., crockery
dealers, on Pleasant street. Mr. Hackett
went into business in 1861, and conducted
his affairs apparently on an honest basis
until within the last two or three years.
| His first known sharp transaction was
about two years ago. At that time he gave
mortgage on his stock to firm in Boston
for 81 500, as security for purchases, and
another to Charles Moycs, of Central Falls.
After this he took partner, in October,
1868, who put in 81, 500 cash for onc-half
interest in stock. Hackett represented to
his partner that his stock was worth $4,000
and was wholly free and unoncumbered.
His partner could find nothing in the
records OF Pawtucket to invalidato his
statement and paid in his money. The
mortgages were recorded in North Provi
dence. Hackett afterwards induced Charles
Moyes to endorse a note for $500, which
note he altered to read 81, 800, and got the
money This fraud was detected. but the
parties compromised and it did not come
out This was last January. Not long
after he drew O note for S3, 900 and agreed
to get eight endorsers. He got but six.
and the gentlemen who lent their names
arc now liable for tho amount. The note
was last Saturday protested at the First
National Bank in Pawtucket. Another
note for $40O was drawn, and was endorsed
by a gentleman whom Hackett promised
to procure another endorser. He failed
to do it, however, and the gentleman is
held for the amount. 1t is rumored that
another note for 5000 exists, but of that
nothing definite is known.
On Friday Hackett left Pawtucket, tell
ing his partner he was going down the
river to get one of the endorser's names,
and would be back in the morning. Moth
ing has since been seen of or heard from
him. The fact of his disappearance soon
became known, and excited the EVeliest
Hackett is about thirty years of age, social,
we'll educated, gentlemanly, and has hosts
of friends in this city and Pawtucket whom
this sad affair will fill with pain and sor-
row. He was member of the First Bap-
tist church, and was a delegate to the
Young Mems International Christian AZ o.
citation at Portland, Me-, held fortnj sht
since He has never been suspectet. OF
dishonest practices, and has always borne
the reputation of being an open-hearted,
generous young man. He has made many
costly and valuable presents to his friends
and charitable objects. A short time since
he presented fifty dollars for tho new
church on Church Hill. His house was
handsomely furnished, and he supported
widowed mother and sisters, whom this
affair has plunged in the deepest atlliction.
1t was reported that he was seen in this
city last Saturday, but it is more probable
that he was on his way West, or, as some
suppose, to California. The store is clos
ed to take account of stock and see how
matters stand, The liabilities are over
$40 600 and the assets will amount to about
$4,000. The mortgages made on his
stock in 1867 are not worth much now, as
nearly all the goods in the store at that
time have been sold.