The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-12-19
powIEs BROTHERS s. co.
Arrest Of Charles Sowles, the Head OF the Aoh-
don and Paris Banking Firm-His Armagh
ment at Springfield, Reinstatement OF
the Accussd-Errors Of Judgment NO
Fraud-Remarks Of the Late =
Counsel from Geneva
SyRIr. pee. Is. 1872.

Rouse
the joint National Agency, was arrested here last
night at the clvn suit OF Mr. Huber, OF this city.
The arrest was made upon the affidayit OF Mr..
Huber That he believed Mr.. Bowles was about 70
leave she State, and was the ordinary arrest under
the laws OF the State upon soCalled esne process.
Mr. Bowles Is now at the Haynes House, and has
given bail to the erect that he win not leave the
state but VIII hold himself subject to Its jurisdic-
ton in this suit.
STATEMENT OF Mr.. BowLEs.
Mr.. Bowles makes the following statement
On the 18th OF October last he left London for the
United States. He was much worn down. and it
was thought by his partners that he would be bene
flied by sea voyage, and that on his arrival In
the United States he could complete contemplated
business, the strain Of which was particularly
great ut that season from the large needs OF
York he did make certain arrangements which it
was believed would carry his house through the
pressure. At this time his health was worse, and.
having had an intention OF going to Japan even
when he left London, 1t was thought best that he
should continue his sea voyage to- San Francisco,
no he should go on further. He sailed in the South
America on November 5. After his departure the
and the house OF
BowLBs BROTHERS FAILED ON NOVEMBER O.
New Yok to Mr. Bowes at via Kng
ston, informing him that the house had failed and
asking him to come straight back. This telegram
through. He continued his journey, and first heard
OF the failure OF his house upon his arrival at AGA
arrival at San Diego he heard Of the arrest OF his
brother Robert on reaching San Francisco ne
telegraphng his brother to meet him at the Massa.
soft House, Springfield. He made no stop on the
soa ana met MS he 20
brothers went to the lngleside, hotel near Holy
oke, where Mr.. Gordon Bowles had often been
consultation between New York and Boston, and
telegram was sent making an appointment there
interview was continued until it was interrupted
ON Tuesday afternoon by the
ARREST OF MR.. BowLEs.
During these days were present Mr.. Charles
Bowles; his brother, Mr.. Gordon Bowles his half.
brother Mt w. f. stetson; Mr.. appleton, special
Agency, officially sent from London since the fail
ure to represent ia the United States its interests;
Bowles, and Mr.. Derby, of Boston and Mr. Beaman,
OF New York. as counsel. Tas consultation was
CONDITION Of sfiars and to determine what should
be done to make all the assets in the most equitable
and whether 1t was for the interest OF all that Mr.
Charles Bowles should return at once TO London
fore, to remain in Massacnusetts, Mr.. Bowies WIN
not now go to London. During the consultation
he repeatedly expressed his Willingness to go there,
and his opinion that it was his duty to CO.. Mr.
Bowles has no Intention in any way to avoid any
proceedings which may be made against them,
civilly or crminally other than to
DEFEND HIMSELF BY THE TRUTH.
he had no opportunity as yet to protect nimseh
him, and, standing the head Of the house, he de-
slres particularly that the public Will suspend
Judgment upon those who have been associated
with him, and will only finally condemn him or
them when they have heard the other side. He
does not seek to deny the grave faults OF his VOC
,cence all crime and his ability to prove It, The
great confusion Of affairs now existing In London
and PartA prevent HIM at present from making any
precise statement as to the condition OF the firm.
Mr.. CHARLES c. BEAMAN,
ofNew York, who is now acting as general counsel
for powles Brothers also makes this statement
In the extrs ordinary circumstances OF this case,
as now before the public, Mr.. Beaman feels bound
20 state that while acting the Solicitor OF the
United before the tribunal of arbitration at
Geneva last Summer, he became acquainted with
MI. Bowbes and Others connected with the house
He knew nothing before he came here on Monday
q the AFFAIRS OF tne urn except IN genera, way
now believes the above statement made by
Mr.. BOwles to- be true. Since he has been here
he has Tor three days made as clear an examination
Of the anarA of Bowles Brothers & Co. as has
been possible, and that while he has found many
INSTANCES OF DEFECTIVE JUDGMENT
and bad management, he has found no proof OF any
intent to defraud any OF the persons who have had
rs na @ ovnS to what has aas
too great confidence in their own future, which in
Guced them to make expenses which they thought
would not embarrass them, but would enable them
TO do greater and enlarged business with perfect
security to their customers and with profit TO them
selves. He can hardly ask q suspension OF judg-
meni from those who are now the creditors OF the
arm ;d,ut others who have often had kindness
0% se viii ee m g sp
nifty to present at the right time their side Of this
question.
The case was heard before Fl. ". Bosworth Mas
Ger in Chaneery, this afternoon, and Mt. Bowles
gave ball TO appear within thirty days.
Robert Bowlss Committed for Criminal
Trial I'm London-The Police Charges
for Basis OF Formal Indictment.
LONDON, Dec. 49, 1872.
The bah 70 secure the release OF Mr.. Robert
Bowles not having been furnished be has peer sent
70 Nevgass Prison to await trial on the charges
>s" r..s gl r. ..-rses& ass<.iss-.
THE CHARGE AGAINST Mr.. BOwLEs.
The London police charge against Mr.. Bowles is
stated as follows;-, =
brought before the Lord Mayor on warrant, IN
stable, charged with "having been entrusted
Jointly with three other persons not in custody, AZ
BANKERS, with certain valuable securites-yiz;, 200
company for the payment OF f2, 2O0-'or safe Gus
tody, without any authority to sell, negotiate,
ton OF good faith, and contrary to the object and
purpose Tor which the said debentures were so en-.
the same to the use of himself and his three part.
ners.n Mr.. George Lewis, Jr, conducted the pros.
ecutlon; Mr.. Wontner, solicitor attended to defend
she prisoner.
Mr. Lewis, in opening the case, satA II would
prove OF great commercial importance. The
prisoner was one OF four brothers who had car
yied on business as bankers In London New York.
Geneva and Paris for some years past, but who
stopped payment with liabilities OF $50 900 at the
beginning OF the present month. The prisoner had
managed the London business. He feared the in.
vestigaton would disclose the fact that Instead of
their having carried on legitimate banking opera.
tiOns, they had been, especially of late Dragging
on an existence by pedging the securities OF their
clients to no less an amount than $4,000. The
prosecutors In the psesent instance were bankers
nj Naples Thomas d'Agiout, Pere ct tis),
and requiring the ordinary banking facilities
Mcssrs. Bowles TO draw upon them drafts for their
customers, which they returned BY funds RENTED
by themselves. Messrs. Bowes however required
: cover" for their advances, and the prosecutors
deposited with them such 200 Lombar To- yene-
tan bonds OF the value OF f2000. On hearing OF
the failure one OF the partners came to London,
and found that the prisoner and his firm had