New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-19
THE BOWLES FAILURE.
ARREST OF THE HEAD OF THE HOUSE.


ARREST OF THE HEAD OF THE HOUSE.
PROCEEDINGS AGAINST CHARLES BowLEs AT
sPRINGFIELD-HIS STATEMENT.
SPRINGFIELD, Mass, Dec. 18.-Charles Bowles,
tho head of the banking house OF Bowles Brothers Co..
and President OF the Joint National Agency arrested
here night the civil suit Of Mr. Huber Of this city
The made upon the affidavit Of Mr.. Huber.
that he believed Mr.. Bowles about to leave the
State and the ordinary arrest under the laws of the
State uron so-caled process Mr. Bowles Is now
tho Haynes House, and has given bail to the effect
that he viii leave the State but will hold himself
subject 90 its jurisdiction in this suit Mr.. Bowles
makes the following statement:
On the nth OF October be left London for the
United states He was much worn down, and II was
sea voyage and that on arrival the United states
he could complete contemplated arrangements LOT
OF which was particularly great at that sea-
son from the large needs OF Americans
make certain arrangements which 10 believed would
carry his house through the pressure At this time his
TO Japan even when LEFT London it was thought
that he should continue his voyage TO San Francisco
and upon his arrival there determine whether not he
should further. He sailed in the South America,
Nov. After his departure the Gements made did
not furnish relief IN time, and the house OF Bowes
Brothers failed on the 9th OF November. telegram
At Aspinwan. via Kingston, informing him that the
house had diled and asking him 10 come straight back.
This telegram did not reach him. the cable not
working through. He continued his journey and first
heard OF The failure OF his upon his Aca
rival at san Diego he heard Of the arrest OF
his brother Robert: On reaching san Francisco
he started after two days resi- FOR the East by rail- tee
graphing 10 his brother 20 meet him at the Massasoit
House, Springfield He made no stop on the road, and
his brother Gordon BOwieS nj Springfield Thurs
day last That night the two brothers went 70 the Inge
side, hotel HOlyOkc, where Gordon Bowies had
oton been before aud when was considered aXoraOe
place for consultation between New-lOrk and Boston,
for Monday with counsel from both places This inter-
continued until IL interrupted on Tuesday
DAYS there we're PreseQt Charles BQYes his brother,
Gordon BoVlcs; lis halt brother, W. f. stetson; Mir.
Appleton, special partner MIR. Dreyer an officer OF the
Joint National Agency officially sent from London since
tbe failure 20 represent IN the United states IT'S
1}owes; and Mr. Derby Of Boston and Mr.. Beanan OF
NewYork rs counsel, This consultation was held TO
affairs and To determine what should be done to make
All te assets IN me most manner available tor
the interest OF all that Charles Bowles should return al
once 20 London
Interrupted by the the necessity therefore
TO remain IN Massachusetts, Mr. Bowies will not now go
to London. During the consultation he repeatedly
pressed willingness to there and bis opinion that
il was his duty go. Mr. Bowlcs has no intention IN
any way TO avoid any proceedings which may be made
neainst him oiviy OF orminay other than to defend
himself by the truth he has had opportunity yet
10 protect against the charges which have been
made upon him. and standing the head Of the House.
he desires particularly that the public Will suspend
judgment upon those who have been associated with
him and will only finally condemn him OF them when
they have heard the other side He does not seek TO
deny the grave faults Of his extended management,
but maintains Innocence Of all crime and his ability
20 prove It, The great confusion of affairs existing
in London and Pans prevents him at present from max
ing any precise statement 10 the condition OF the
firm. Charles c. Beaman Of New York, who is now
acting as general counsel for BOwles Brothers,
also makes this statement In the extraordinary
circumstances of this case, as now before the
Mr. Ram faa1a md m afo
while acting the Solicitor OF the United States before
the Tribunal OF Arbitration at Geneva, last Summer he
became acquainted with Mr.. BOwles and Others con-
nected with house. He knew nothing before he
here on Monday of the affairs Of the firm except in
general way from the newspapers and other sources
but he now believes the statement made by Mr.
Bowles 20 be true Since he has been here he has for
three days made as clear an examination Of
the affairs of Bowles Brothers & Co. as has
been possibly. and while he has found many
instances OF defective management and bad
management he has found proof Of any intent to de-
fraud any Of the persons who have had relations with
The firm. Great faults have been committed, in his
Judgment owing to what has been too great confidence
IN their own future which induced them 10 incur ex-
snses which they thought would not embarrass them,
but would enable them to do greater business with
perfect security to their customers and with profit TO
themselves He can hardly ask suspension of judg
ent from those who the creditors OF the hrm'
out others who have often had Kindness from them
will he is confident. give Bowles Brothers d Co.. In
common fairness opportunity to present at the right
time their side Of this question