The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-09-18

to the effect that among other loans made By the
trustees s think It proper 10 publish the facts
which have come to my knowledge In that respect
80 that, the facts being known, rumors may be
ended.
LOANS TO TRUSTEES.
esGes 81 fsas Ssn ssns q Of I HuiS S $4,000
September ii, is2, E. Bears, benefit Of s L. Illus
June 1874 E Bears benefit Of s. l. Husiei.:: 1900
SsSrusiy l$o " H. lar $SS
Nay ISIS f. cromwell s. / $1,000
june jdSS a. sb for James 1893 S
Si T. igS SaSs 81 Fish %
March March e T. Beam Bss% for kkinsssy SS
The former of these two loans was repaid June 8,
1872, and the latter May TO- 1878. The time when
the loans OF the other borrowers was repaid MI.
Britton does not exactly know.
ALEXANDER M'CUE.
Ap e. S SaIIsn for ssSSS
August 3D. 1872 Ed. M. Cullen tor A. McCue... 100
ssS ls Ihsa Tf3s's s4I @
May l. 1873 Thos Wallace for W. S. Tisdale 10000
Out OF the last loan the two former were paid.
A. A. Low BROS.
March e. is, A. Low Bros 5000
Josiah O. Low Is o member Of the firm, and Ia one
Mr.. Britton says that his examination has dis
SON to doubt the perfect soandness Of the nstta.
ton. The money taken by Mills and Rodman has
all been made good TSe S Of the
rectly. or indirectly" Therefore it win be seen
that these trustees, among whom are Judge McCue
and Counsellor Edgar N. Cullen, violated the
charter.
WHO THE BORROWERS ARE.
Mr. Harry Beam who borrowed money. as above
recorded, has an account In the Trust Company.
and the he put up Of
amounted to only two-s2oOOe at one time and
Mr.. Kingsley was a creditor to the. Trust
holds $4,000 Of its stock, for which, 1t is said,
he paid as high as l20. He advanced fifty
Per cent to make good the capital OF the u company
responsible for 100000 to guard against all contin.
gencies. Mr.. Hustled is small stockholder and
esen and % wealth 's s
at the last election. Mr.. Hustled is largely in
terested In gas enterprises in cities outside Of
Mr.. Fish is the President OF the Marine Bank OF
New York. He is also considerable borrower.
Mr.. Low is so well known that it is unnecessary
WHAT THE EXPERT ACCOUNTANT SAYS.
Mr.: Warren the expert engaged IN making an
said yesterday that he had lately discovered
enough to know that the arrest Of Sprague was
necessary An examination OF the DOCKS shows
that the use Of the city's money by MIN and Red
man commenced soon after they went into offce,
and constant manipulation q the money was
amounts. cay 100000, would be taken at one
time and it would be refunded in small
up and down, but there was always a considerable
amount missing: Spragne received and receipted
treasurer which was not deposited in the treasury,
and must have known where 1t went The in.
ference Is that he did appropriate 1t to his
own use.
THE PRESIDENT OF THE TRUST COMPANY.
The President OF the BROOKLYN Trust Company,
the thu; false '' statements published in several
OF the morning papers, He don't know,
es 'y aew rHo% , sss r w to
must look to the outside world like one gigantic
den OF thieves. He could not tell what action
would be taken. he saws: al have made state
ment after statement concerning the affairs OF
this company. ali OF which are absolutely correct.
Nothing has been kept back that could in justice
be stated, and yet have been accused, not only OF
concealing iraud but OF lying to screen the fraudu
lent. Nothing suppose VIII satisfy these people
against the city, aud that they understand am
not likely to do.
In regard to the statement made by Mr.. Rodman,
Mr.. Ropes said, II would believe Spraguc as
nict am not prepared to accept the confession
with implicit faith. sprague Is man singularly
obtuse o. to agures. 1 talked with him shortly
him, Now, tell me the whole OF this; let me know
all let there be no secrets; for as you i've, the
truth will be known I want you to tell me pre-
cisely how far you have been party to this trans
action lie said to me, Mr. Ropes, am weak
because am wrong.u
said / to him, where are you weak" Said he,
'loaning that nrst money to Pruyn."
Said I to him Ibid you consent to the taking OF
that money from the Treasury" 'NO,n said he,
at was taken In my abse nee: and when came
back Rodman told me what he had done and
begged OF me to excuse 1t, saying that II should
be made up"
Eyes, said J, "Mr. sprague, that was your fatal
error; there you sold yourself to Mr.. R0dman
You should have instantly have insisted upon the
moneys being returned and at once DISCHARGED