Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-07-20
NEW YORK.
Heavy DefalcatiOn Of a Bank 0fflcer.
The Brooklyn Trust Co. Saspends.
A Deficit OF seOO.O0O.


the BGooklyn Trust Company, OF which
Chelbert S. Mills, who was drowned Tues
day last at ConeV Island, was President
suspended payments. It was discovered
that Mil had overdrawn his account about
$3.50 coo, and it is said that the account o.
Thos. II. Rodman, Secretary, is short $34,.
coo. For the after smount the company
hold callaterals, but whether they are good
or not remains to be determined. The de-
falcation was not definitely ascertained IN.
til yesterday, when it was brought to light
by investigation instituted by the directors
Not only did they find that Mills had over
drawn his personal account, but they also
discovered that he had taken worthless se
Curit.es for the sum of $500, 600, so thst
altogether there was an inrOad of $780, 00C
made upon the capital stock of the com.
pany. The securities are from The Stale
of Georgia, ,snd the New Haven, Middletown
and Willimantic railroad company. On the
latter Mills bad loaned $3.50, 900; upon tee
former 100000 of Bullock's bonds, which,
it is claimed, were Illegally issued, and in
terest on which the present authorities de-
cline to pay. Whether tie railroad bonds
will ever become worth much is q question
In the meantime the simple facts are, while
capital stock is 100000, there are over
100000 in unavailable bonds. The de-
posits on hand last evening were about ST..
800 1000, of which about $450,000 belonged
to the city, $6S, 000s sto,the county aud S400,
600 to Mr.. Stillman of the firm OF Barney,
Butler & Parsons OF this city. Stillman
represents as a depos!tor, several trusts,
among them funds of one or two collap ed
insurance companies of which he was re-
ceiver. Eight directors made statement
to the public that they believed it entire =.
possible for the company to continue 'ousi.
ness in few days and that depo~,.,ors wijI
lose nothing. Daniel Chaur ,ev has beer
appointed receiver.
Death I'm Prefe rence to DIsrrace.
The Union .-~yss Since recent develop.
ments IN gard to the affairs OF the bank
many ,'eEsohs who frst believed Mills mel
Oh accidental death, are inclined to the
, opinion that he committed suicide, rather
than face exposure, which he saw was In
evitsbIe. The Telegram has the following;
This P. NJ, e Telegram reporter was in
formed that further investigations of the
committee to-day reveal the fact that botf
capital and surplus of the company, the
former 100000, and the latter $150,00C
have been almost obliterated, and that tht
losses of the company by the 3efalcaJiOn ot
the President end bad deOts exceed S600,OOO
A Church Floor gives way and Injuries
Forty Children.
The flooring of the Presbyterian Church,
Hudson City, New Jersey, gave way dur
ing an entertainment Thursday night, ant
forty children were injured, some seriously
Suspicious of Foul Play.
Last Thursday the parents of Utica V
Blocker called on lawyer and il he!
had reason to believe THAI their daughter
who died July 9th, had been poisoned, anC
| that they suspected a physician who attend
| ed her of being guilty Of The alleged mur
| der, with the knowledge and connivance
of Coicnel B,ood. Mrs. Woodruff ant
| Miss Clailin stated that the circumstance:
OF their sisters death were suspicious, bu
refused TO join in the story of poisoning
The lawyer declined to institute inquiry
before the grand jury.
Arrival of q Cuban AEent-PrOspeet
of sae Revolutions.
Gen. Quesada, brother in-law of Fresi
dent Cespedes, and nflential agent 0
the Cuban Republic, arrived here yesterda,
bearing dispatches to the Colombian Minis
ter at Washington, concerning Cuban inda
pendenc4. He states that ], 800 troops hav
been promised from Mexico; that Peru viii
| probably soon render assistance, and ar
rangements ara being made for holding 8
| Washington conference of representa- i've
from all South American Republics TO pre-
mote Cuban independence.
Bank Statement.
Bank statement: Loans, increase, 81,
| T03, 600; speCie, decrease, s. ,SS4, 400; legi
| tenders, increase, S542, 900; deposits, In
cease, S1,2S9,500; circulation, decrease
$4,000.
A Corner 1m Erie steck.
Erie stock has been eornered here b
three German banking houses. The prict
advanced rapidly to 642, with one per cent
per day paid for its use.
Mr. Drew is said to be The sufferer. Tn
price has now fallen 70 03a with , per cent
per day for Gss. 1t is supposed the corne
will h5 protracted until about Wednesday
when the arrivals Il stock by ECropeal
steamer will probably & c3ipate it. Their
is some talk Of making the stock worth
per cent. per day, but this looks III. likely.
The Post says that Drew, instead of bs
ing a sufferer by the corner in E'ies, reail
engineered the corner, and thst jay Goul
has no interest in tie present movement
Noticing that German bankers were fre
sellers yesterday, probably expecting to b
able to make good their delivery to-day
Drew, it is sad, quietly bought all the stoc
offered, amounting to 10000 shares. Sci
lers viii not be able to produce their stoc
until the arrival Of the Liverpool steamer
LATER-The Post in its latest edition
cOntradicts its statement made earlier
the day that Drew manipulated the corne
in Erie, and says it is we'll understood tha
nearly all the stock held in E2rope Is prin
cipsly held in London. Since the receI
election there has been disposition TO Sc
stock on the part of Eaglish holders, an
they have, the price being higher here tia
N London, sent over orders to sell in tn
market. Their brokers have execute
their orders, selling in advance Of arrival {
stock, and trusting to their ability to bOrro'
it Tor deliveries from day to day. The re
suit is that those few German bankin
firms who held Elie here availed themselvt
of the situation and refused to l7nd the
stock except at high price. They haV
the power and probably will keep UP th
corner until steamers arrive having o
board Erie stock recently shipped here frol
London.