New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-07-19


the time Of their issue, Ell investigating committee
having reported to that effect,
The second item is loan of $4,000 on S2OOOCO OF
first mortgage bonds of the New-Haven, Middle
town and Willimantic Railroad Company. built as
an Independent road but now proposed to be link
in the new airline between New-Iork and Boston.
These bonds are also selling much below their face
value, but the Committee hope, if not too closely
pressed and compelled to close them out at saerl-
fee, to realize something like the amount OF the
original loan There are some other collaterals OF
small amounts that may prove loss, but these in
the aggregate do not foot up a large amount.
THE BROOKLYN TRUST COMPANY.
The Company was organized little more than six
years ago. with a capital Of S5OOOOO Mr. Mills was
one of the chief organizers and was chosen Presi-
dent, which position he has held ever since. The
following the officers of the Company: President
pro tenn, Daniel Chauncey, vice Ethelbert s. Mills,
deceased; Yice-President. Josiah o. Low; Attorney
and Counsel Alexander McCue; Secretary, NJ. j.
Rodman; Trustees, H. L. Perrepont, j. S. Rockwell,
S. L. Hustled, Daniel Chauncey, John Halsey Henry
Sanger w. c. Kingsley, w. S. Tisdale Josiah 0.
Low, John p. Rolf, c. A. Sprague Alexander NJ.
White, Edward Harvey, James f. Fish, Alexander
McCuo II. j. Cullen, NJ. d. The Company is au-
thorized to act as receiver, executor trustee, or
guardian; can act as agent in the sale or manage
ment OF real estate collect interest dividends. re-
ceve registry and transfer books or make purchase
or sale of Government and other securities.
MR. MuIs's DISASTROUS REAL ESTATE OPERATIONS.
II is known that some of Mr.. Millss real estate
speculatons resulted disastrously to him. Two years
ago he built seven handsome houses on the main
avenue leading to Prospect Park, and but short
distance from the main entrance. They are double
houses with handsome fronts, are built III Gothic
STYLE finished in excellent manner, and, with the
ground must have cost from $4,000 TO $4,000. Not
one of these have been rented, and they were lately
sold much below their cost. He also built row of
five brown-stone front houses in Cinton-st between
Sackett and Degraw-sts. These are large elegant
houses, costing probably not less than $4,000 each
None of these were rented or sold. In each case
the houses were unsuited to the neighborhood in
which they were built, and could neither be
sold to advantage or rented for a sum suf-
fcient to pay the interest the investment.
THE THEORY OF SUICIDE NOT BELIEVED.
1t was believed by many that Mr.. Mills committed
suicide because of the peculiar circumstances con-
nected with his disappearance, no one beng with
him when he was drowned, and the first intimatOn
ofhis disappearance being his clothing found near
where his body was alterYard recovered. Since the
delalcaGon has become known there are those among
his acquaintance who are inclined 10 believe that he
made away with himself because ho knew that an
exposure was inevitable MI Gordon l.. Ford, an
intimate friend OF Mr.. Mills mas since closely eN-
amined the locality where Mr.. Mills was drowned,
at all hours Of She day. more especially when the
tide is the same rs at the time Mr. Mills entered the
water and he is firmly of the opinion that was an
accident This theory is strengthened by the bear
ing Of Mr. Mills on the previous evening. He
seemed to be in unusually good spirits, and dis
~, &C
usual zest His manner was ALWAYS pleasant, and
with those with whom ne was intimate even joyial.
A PARALLEL CASE.
The case of Mr.. Mills is IN most respects, par
allel TO that of VIM. G. Rushmore former President
of the Atlantic National Bank who was killed a
few years ago by collision on tue Long Island
Railroad. Up to the time of his death Mr.. Rush
more was considered man Of probity, and was sup
posed TO be very wealthy. An examination of his
affairs, after his untimcly death, showed that he
was bankrupt and that he had used the funds Of
his bank 10 such an extent as TO completely bank
rupt the institution settlement of It's affairs
vealed that the capital and surplus were entirely
used up. and about $4,000 Of the funds belonging
to depositors had also been taken. There was moth
ing whatever left for the stockholders of the orig
iual capital and the wreck was cleared away and
the concern started anew with new capital.
THE PRIVATE FORTUNE OF Mr.. Mills.
OF the private business affairs OF Mr. Mills little is
known. His viii has not yet been admitted to pro
bate, and no inventory Of his effects has yet been
taken. Intimate friends Of the deceased say that he
was man who said but little about his business,
and as he was, by profession, lawyer there was
less need of his employing confidential adviser
than would be the case generally with capitalists.
There, were few even Of his most trusted
friends who could approximate to the amount
real estate held by him at any one time. II is be-
lievcd that he was carrying large blocks Of i'm
proved and unimproved real estate in Brooklyn, and
paving considerable sums Of money in the way Of
interest to enable him to do and falling TO realize
at remunerative rates. the load was ultimately too
much for him to carry There are those who think
that when his estate is settled it may realize enough
to reimburse to the Trust Company theamount over
drawn by Mr.. Mills, but these sanguine hopes are
not shared by the majority few days will prob
ably suffice to settle the matter, and show what are
the liabilities and assets Of the estate. The revela
tons thus far made viii astOuish the majority of
business men and citizens of Brooklyn, who deemed
Mr.. Mills one of the most wealthy and upright men
in the community.
Trr-Arr,naT on, I,utTpT pu,Dp @ afTTTS