, 1873-09-06

Special Dispatch to The Chicago 74tbnns.
NEW 4onK, Sept. 5.-Iho Brooklyn Trust
Company Ia believed to DO inBo1vent, but tho
officers deny It. Among tho suspicioss faotn
discovered, It Is learned TINT tho mootiug ct tho
Stockholders which waa hold soon nfter tho 1e-
sumption OF tho bank, WAS failuro. Bomo Of
those who voted to pay TO por cont of
thoir stock, have since doolinod to do 90,
and have put their stock on tho market
Mt lcaa than 30 per cent loBs than It cost them.
Ono gentleman who paid S120 for his stock
offered 1t for 965, and bidder was found, but
aftor Homo inquiry ho doc1inod to re-
covo 1t. It was thon offered to him
cant romark, mot at any prico." Much SUSPICION
attaching to tho bank arises from tho manner In
which It has boon managed lately, Tho OK
poauro OF tho fact that It's own counsel threw 1t
into Int The hands Of Reeeiyor who WAS ita aotnal
promo Court, cauBod much comment Though
little is known Of tho nature OF Its assets, tint
little tnoroaHos tho anxiety and doubta % to tho
aolvency Of tho concorn. It Ia vol known
aoorgla State bonds, On which S150,0O0 wero
loRned, and which securities aro vol known to bn
uttorly worthless. There aro ovordraftB OF Mr.
Mills for s147, 900, but his estate Is bankrupt.
gnme, and tt Is known that tho ring dare not
push tho hore lost one Of them who had his
fatlior's confidence and poBHosaes tho rings
secrets will reveal the mnnner IN which thoy cor
rupt1y used tho late President. Tho bank also
bonds Of tho Now Haven, Middleton, d Wlla-
mansio Railway. Thoro Is worry littlc doubt TINT
those bonds arc worth much Ices than their face.
It Ia problem whother the road Gun over pay
among tho assets 's; s2sa, ,4os.s ' Of f. bonds @
aud mortgages on Brooklyn property.
Theao can bo realized upon Ut once, md probably
each will have to whit tho full tinlo 1t has to
run, md then DO foroclosed. Othor damaging
reports relative to forged checks for 900
Wvro flying about, but IT was learned TINT
Of tho stock Of the the Seving Machine &C oompa'ny, 's
which Judge McCune had pronounced MI actiye
na worth anything: Among tho demand loans
DO n Immense loan 70 tlo Iath-
rop Combination Sowing Machine Compa-
This loan is said to bo 5000 900 hall thooapital
stock of tho Company. OF this Company Judge
McCuo, Mills, spraguo, and Rodman arc in tho
Trust Company Ring,-in fact, Roporand ohaun-
cey are Directors.
This concern has now failed. It WAS organ
zod ao1oly to swindle, as far as can DO ascertain
ed. Among tho mon who induced Mills to in
yost money in tho Now. Haven, b1iddlo-
e~a onnbs6 Mima9tlS yto Rsr09S II N ~ M"s nroo
street, q man whose character was mono Of the
best, but who did yariod and apparently pros
porous busnosu. and WHO passed for wealthy
man, although, It is now auspoeted ho was dea-
ing Machine Company, with capital Of $500, 900,
or at 1oast protesting to hnvo ouch capital.
Ho selected for, and ilas published on tho cards
Of the Company tho following list Of Directors:
Mills, President Of Brooklyn Trust Company q.
4. spraEue (Mulford d spraguo), N. T. Rodnan
lsecrctary Of Brooklyn Trust Company, Jona-
than A. White, No. Sc Broad street, Now York.
+ viii bo seon that hero is tho old gang Of tho
pany was located at Frankfort, q suburb Of
have been, and aro still, employed, but
wesSs sas pas aos n6 be'a . p'SS Sompaay aey
had no Boomer fai!ed than tho sewing. g.maohno
company stopped payment Of the hands. Tho
men have grown clamorous for their money, and
promises no longer satisfy thom. The machines
has boon struggling from tho frat. Tho whole
| Of the capital, which is believed to have
boon takon from tho Trust Company, with only
bonds Of the Lathron Combination Sewing Ms
chine Company as collateral for the loan, Inns
! been sunk Information from Philadelphia
! puts the loss ut $500, 900.
ITO ths associated Preasl
tho % fooTins le yes as to n1eqs tse
money Of tho Brooklyn Trust Company and City
Treasury Of Brooklyn went 10 ia rapid
" being solved. It will be remem-
bored that among tho mon who induced
y. I. hills to inyoBt money in tho New Haven,
Middletown d Willimantic Railroad, was ono
Jonathan A. White, Of No. s8 Broad
Of tho boBt, but who did q W.
rions and apparently prosperous business,
and who passed. for q wealthy man, although
| it ID now suspected he WAS o desperate
spcculator only. aud has been denounced as
| such. It Is Htatod that White received a36, 900
Of the bonds Of tho road above named, as bonus
for looming tho Company $15O. 900 on It's stock to
tho amount Of 200, when 1t appears, III fact,
that it WAS tho money of the Trust Company
which White hnd advanced. Subsequently 4 up.
P9ars ts 10 fned loan a9 rem tG aao T5t
ing the loan to tho railroad company. It
now appears TINT Whito had also q
sewing machine, company with capital
OF 100000, or at least protesting to havo such
capital. Ho Inns solicited for, and has published
| on cards Of tho Company, the following List Of
| Directors: Tho lion. Alexander hICCuo. Brook
1vn. r. r. h1i11H Prnsft1ent Brnnktvn