New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-05-31
THE BOOK CONCERN FRAUDS.
SPECIAL, REPORT TO THE METHODIST GEN !
ERAL CONFERENCE.


rECrED-THE FORMER BUSINESS MANAGE
MRNr CoNDEMNED-J. F. PORTER GUILTY
OF "pECIDED BUSINESS 1MPRoPRlEIf -
THE BOOK AGENTS NOT IMPLICATED.
The following report was presented 10 inc
Methodist General Conference yesterday by Mi' Do'
Chairman OF the Committee appointed to inVesns"'e "o
charges against the Book CSpcern:
aTo the General difference Of ne Nef06iSt hp'So0P"
Church noe in Your Special
with the investigation OF alleged frauds anu
ties in the cement Of tho MethOuiS DUN
at New-York, beg leave 80 reports
That they lave had the matters referred 10 the uur
cons,derton and have made thorough and searching
an pvesfeation as the limited time allowed would per
nit
The Committee was organized by the election OF B. r.
Bonner Of 81. Louis Chairman, and A. D. Wilbor OF
Genesee Conference as Secretary.
After deliberatO3 the Committee adopted as Rules OF
order and Proceeding and questions to be invest
gated and voted upon, the following, to wit:
RULES oP ORDER AND PROCEEDING.
Any Of the Committee proposing to call for the production
and examination persons papers shall make such request wiring
request shall e such or papers and sh pn'
specifically which he designs to establish or dsprOe by
suchp persons and papers
Provided That persons papers brought before the Committee
used any purpose that throw hgh upon any ef
within the Jun diciion Of ibe Committee - ,.p
be before tie Committee in session. at which every MEMBER ei
i'll Msm Of the Committee shah express opinion. the mer
s'. he 9oo os s @ S ms. SG issI p Ts
and SecessS,y 10 > al understanding OF The subject
Tee alone closed their order consider and
Qussaon Have 6ea Prcis4 IN the phstng binding or
other department BY which e Book Concern has sustained less:
60 By whomi How muek loss u-taDeif AT NAs' ume or
times said frsuds coHplttsdi
oaesOn sve there been irregularities the IsntgsmR. Of
e business q The Concern BY which losses have bea or might have
Question Hsve lo.ses any Of such magnitude to
.ndnger tie financial strength Of the Concern or to materially impair
Question Were he business methods the Departments sch as to
afford opportunities for isu AMI pecuatoRs by suhonaSt ana
pyune such Tor peeuatons committed
eou have By The enforcement Of thorough and
g s,p rs.a'@ls srgss, 70 Es;.S. r.. ssy
frauds that - have been rrseteei on The Concern
dung the business s insure reasonable and ordinary protection
Question repO ite Agents this General Conferences
f eIe Of the assets sei Liabilities Of ne CSseeIn ,
writing the Committee BY may order be
vote T, 49, 49,, 49,, ,.no,,
M A G u nIs TS s sen sn os S soSs thus nP
ded with sue be deemed relation to ,hs
VII specific statements charges Lsnbsns r,pOr, the
numbered
The more expcdiHousy and thoroughly to investigate
the several matters referred 70 consisting Of the ma
jOrity and minority reports of the Book Committee and
the testimony therein referred to; tho statements and
exhibits of Carlton and Lanahan with the reports
of the accountants who examined tho affairs
of the Book Concern your Committee ordered and ap
pointed the following subcommittee TO wit;
SUBCOMMITTEE
Des MOes and J. B QuiCg Wilmington, cos and report
ft points agreements second points disagreement the
majority and minority reports Of the Book Committee
COMMITTEE consisting Of John Owen, Detroit; J. Mutosh,
Indiana and W. H. oi0 Wyoming to cose and report the points
e. agreement and d'geeR he reports Of M K'Tsi1 and
Ssa; es ,S M & D zoo cIo S h past and
Committee consisting Of John Evan. Colorado; A Bradley
Iug ~ Sqs M%sso to f1ase sns sn Ie0T , upon '1s
q one to tve) upon the question Of frauds in the
- Commute Consisting on n Cooley Iev, VIM pss1ns,
Maine and Moses Central ,he charges Of tasd
10 ee9ss acy-psse II to X F Dr. IiaahaSs report
S S Il HS w Saa SS'9 sla%s G p
Joi q amounts Of usicia used and the TOrs tGrHo out from the
Ac eenH:s, Of three, consisting Of l. chtchf.N Ohio, J.
SSsGsh aa nS en b FGd BE- 1.. n1 Ispd
SsSss ss eai1e, = +, book, Of he Boe concern
I. 4 eo1SS w. u H. Bss De ,a a@1ss GaS
al the facts relation to The publication the several experts
DECISIONS WERE REACHED.
After oil the subcommittee had the examina-
tons practicable in the time at their disposal and had
submitted their several reports in writing TO the Special
Committee, and the several members Of said Committee
had been questioned before the whole Committee to
the evidence examined, and the facts found by Them
and after bearing the other evidence before tho Com
mttee your Committee pursuant 10 its rules Of order
and discuss the said several questions raised in the
charges preferred and the questions proposed to be
There were present rolcaI at this private session
90 OF the Special Committee which about the average
pASSSAN
during sittings
Tefeupon We proceeded to vote upon the questions as
per order OF proceedings above quoted, to wit:
1. on TIE first clause Of Question "Have frauds
been praStefd IN the Printing Department." the Ques
2. On vote on the second clause Of said question,
Have frauds been practiced In the 6ndery by which
the Book Concern has sustained loss 7" lit decided
the Affirmative by vote OF Yeas, 40; Nays,6.
g. the third clause OF said question, Have
frauds been praeced any other department by which
the Concern has sustained loss g. the question was de-
cded in the negative By vote OF Yeas, z; Nays A.
Question q Have there been any irregularities in
the management OF the business Of the Concern by
which losses have been might have been sustainedP
was decided In the affirmative by vote OF Yeas, 46
Question Have losses If any. been of such mag
nitude endanger the financial strength of the Con-
cerR. TO materially impair its capitali" decided
In the negative by vote of Yeas, 5; Nays, As.
paItends such to afford opportunities for frauds and
pecua;ions by subordnatesP The first clause Of the
T. The second clause to w.t. rs reasonable to pre-
could have been prevented by the enforcement Of more
thorough and businesslike methodist"
This also decided in the affirmative by vote Of
s. Question s. Are there any reasonable grounds to
IMPLICATED or interested in any frauds that may have
been Practced in the ConeernP
This question decided in the negative, one only
voting IN the Affirmative.
O. Question Are the present methods Of accounts
AND modes Of conducting the business such as 10 insure
reasonable and ordinary protection against frauds and
rreguaritiesF -
1bis decided In the affirmative by vote OF Yeas
e Question T. els the report Of the agents to this
General Conference fair exhibit of the and liza
oites OF the Concern % decided in the affirmative
~ the following vote Yeas, A; Nays, 3.
Your Committee, Therefore, after careful
examination OF all the evidence at hand bearing upon
The subject submitted TO as 1t has been possible for us
the tune at disposal 10 give 10 IT, arrive at the
conclusion that repeated frauds have been pracuced
7pOn the Book Concern.
GENERAL CONCLUSIONS.
These frauds found in the manufacturing depart
tod ~ fxrbo In thoh ind