, 1870-07-20

\ Philadelphia Merchant Flies to
Europe With s15O,Ot,O of Partner
snip Fands-A Singular Cn>e of
Deliberate SsSindliDg.
From the philadelphia .i9<, July II.
The business community Of this city was
Yesterday as!onisled ty the report that IN old
merchant: standing high in the esteem Of lis
funds Of q firm At tho head Of which hc stood,
causing itk almost instant collapse.
The aleconding merchant il Mr. Thomas
}l1'tel: the head Ct the pii1aielphlA branch
nf large wool establishment located in
f;etTee aud George Il. Bepd, The two tWo
last named gentlemen controlling the
l,sslnesa Of tho Eoston house., and
tie former supervising that Of tue house in
tLIs city. business averaged million dollars
ANNUALLY dur'se, the past few years, while
ih:oHes the war il vent above five million.
str. lk,seu il l 1nau hl ycass Of age. intelH-
gent, aud. until within few iays past, rcpu-
I'D to be Of nnin3peachablc integrity. He
w cd tilt Residence No. 21i West Washing
~ s'i1lsie, and wa- Regarded with esteem ty
f.tcn at the head Of the House on Front street.
a1a; eo.'luctel its busiuesH unite successfully
II All the stock I'll hand had been cold by Alr.
tisi:ep. previt1ls h the defa!cation, 90 that
"l.rn the crime "as discovered, the firm not
| u1'Fy 1ouhu ittcif without money i'll the bank.
| ltt1s. ":th 1he exception Of few E,ales of
wool. l. there art hyainst it now liabilities TO
sl:' s'rs tilt o. .:It, ,lt0 and hardly duliar Ia
1ueet them. With to Stock. 10 casl,-no as
se's Of whatever nature, il we except few
| ln1.dtcd dollars Wortl: OF oftiro furniture,
tt,ese will he Ni.liu "a hours. cu1tapse Of the
cl,iladtiplis lranrl,, uuless the boston house
| c.rc- to its lpmt Iate rescue.
With no thought Of coming trouble. the
lo"kkeerer, cn Tuesday, glanced over his
bank ateornt-. with the intention OF making a
ta.inet,t to the trims creditors. When lie was
startled i'y the discovery that large s,,uls had
lefE drawn ont ~ the banks with which the
.is,n vas depositinG, by Mr. Hiasen. lie has
tele.i to learn t1,e truth Of tile matter and to
Lis Lis1Eav, discose1ed that Mr. lIilten had,
with the execution Of few dollars. drawn al
the cas!I tut of the ba,,ks, and wle1, it WAS
thought 'lle firm bad large ba!apce on dc-
I7e:is It actually haL Int about S300. 31r. Hill.
rem had drawn check OH the 1lnIa.!clphia
Iia.k for SlG roo; one gu tue CuIn Exchange
for ATTN. aid one OIL the Merchants Nation
vi. IF New York, for e3o0s@. These check.
wt1e ca1.celel between tic lst aid 9TH nf july
- ine three months ago. Mr.. Hilscn so1d hie
real estate. lis ilorses aud carriages. dispensed
with Ills bsisers and grooms. and announce.
:hat Le hat. t2lt1irnced iome Business re
vc1see, and Tas determined to retrcncL. 1t il
apparent that i: va: Liz dts,Sn to convert ev
or. 1tius III the shape Ut property into availalle
| fnl.is. and then clip Oft viii, tie money Of til.
Elm. !eayins nothing behind to believed upon
l;efole hiA departure l!u Informed the book
l;eeret tl'as he wa~ sninG upon sAott pleas
ure excursion. Not then was there gliname
nf suspicion against him. On tie 9Th Of Jul
the honkketpcr received this brief Telegram
| from him. calcuta'ed so place the former on
| ,a!.t scent:
.-...,-... " NEw roE1. ruy f.
'.TnoAAs 1lrsEs.-
The understanding was that during TIL
pleasure trip the booIkeeper shonld write lin
II hc should dictate.
OFF TO ErRorE.
I1tectIs. npon the discovery OF the rrim'
] lte heads of the Boston houee were telegram
III 10. They examined into the at1ais, and ser
IL ih,s city this telegram:
, - ii!l>en has gnne br samaria; taken ever
,itl-; shall call niee'!g Of credit It's ~ soun
. Mssll'c; show this 1u all. GEO DoSp."
: Tie story was told. Will, his money m
list Of hi- partners. liz Lad Abtcontlctl to T.,
.nl~ Ii II thoneht that he carEitsl with III,
ut lrast :l50uGu. Il ID probable that he ri
se arrested when about to laui from III
i steamer.
i AZ eoen a. tho report Ind spread 'hrou,
= | lie stEret there was no little rxc.temen
. tlaLS merchants who At a:,y time. W ti.ey sui
!, S.,tt1v,.,ls said. would have loauei il!lse
!, thousands Nil.ibsly. could hardly xiv. IL
r:t,y vredencc. The crcii,crs hegau
-na.M about tile Place. aud one whose cla
= was =G,MH had III SE,crin's officers il. Il
l. 11:ilan.s III sh,ut time, mud they leyie.i up,
!" .'e1: thin. aftainahle. Ar > part liqnlatlc
+ ri th. clam, beautiful painting Of the Viii
u :n.'- s,e-k, was ta&en. The furniture in IL
: s.il'sc will not bring more han 500. H
ls u, IL Was found open, and all Liz private y
!tss wire destroyed.