, 1873-07-20
NEW YORK..
Suspension of the Brooklyn
Trust Company.
Defa|cation Of Mills, the Late.DroWned
President, $650,0o0.


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Nr1v 1 To~v % Tnrr 1oH M ,y, .nnounconont NJ
tho dofalcation of Mills, prcBidont of tho Brook
lyu- rr,st Comnnnv. oronto1 an intonao eougatiou
to.dnv IN nrooL1r, and yvo1, atroot The T,.;az
49, 2,;a,. ,,,,,haa 'sl ~, ~ 49,. .a11
an immense edition, and ao cents WINS
charged by dealers for copies. The COM
papy was hold IN l,,rh estimation
In Wall st,cot nm scconnt of b1i1la'
ro,,,,n.a - s'1a W aouns a,,'aao.,s,u n,-nas- |
ors. Many brokors deposited largo balances
there. The law firm Of Barney. Butler l. Par
sous Ind ba]anco of s4no nm. and other Nav
Ynrk n,,na hi 1o-ro .noo,,nta Nils
was looked upon ae n sort Of
brooklyn Rnlnt. md tho funeral sor-
honosty. Low WAS Mills brothor;{n-1aw, but
tho day after Mills waa drowned. 1t ia supposed
ho know exposure WIS coming. Tho relations
Of both the bank and tho aefau1ting President
wcro such as to creato constornation. Tho
Than confirmed today. Tho ovordraft Of Mills
is $149,000 Tho total loss of tho bank is fully
$3.50 600. His eatate Is mortgagod to death.
and will produce nothing. Tho total
deposits on tho day Of closing. woro 81 o0o 900.
Of tho poor Htigants amounted to sGS, 900, nearly
I'll ct which had boon put thoge by order Of
Judge McOue, who is tho counsel Of tho bank.
Tho City Of Brooklyn loses $500, 900 Of de-
positB by the Tax Collector, which to-
poeits woro also influenced by. McCuo, who rnna
throo or four banks With public depoeit. Me-
Cuo and kingaley, who belong to tho ring TINT
control tho Tux Collector, nuke It the condition
several banks that they viii influence deposits
of public funds. Tho banks pay tho city 5 por
cent, and thon uae tho money on Wall
stroot, shaving notes at 10. por
on gil these banks is anticipated. It was dseov-
orod to-day that the Secretary Of tho bank, Rod
man, vino in also Deputy County Treasurer. WAS
tlofaulter to tho amount Of ss4, 900, probably
secured. Ho is tho only of1icor Of tho bank who
know Of Mills oyorlraft. Tho sum Of tho whole
affair is that tho Trust Company is cloaned out
Of oyery available penny.
70 the xlssos5ated Press.
NEW fon1, jnly 19-IhiH morning the brook-
Iyn Trs,st Company, Of which EthelIort Miller,
who WAS drowned on tuesday last at Cleveland,
was President, suspended payment. It was dis
covered that Miller had ovordrawn his account
about Sl5g and it is aald that tho account Of
Ihomns Il; Nodman,, tho Secretary, is short
pany holds collateralH, bus whether they
arc good or not romans to DO dotor-
mlaod. Iho uothication was not definitely
nscortainea until yeHtorday, whom it Wns Drought
TO LIGHT lay tho lnYentigation instituted BY
tho Directors. Not only did thoy find TINT dills
iiad ovordrawn ..hia personal account, but they
also discovered that be lad taken worthless &c.
cnrties for the sum Of $500, ,0oo &C. 60 h that ALTO
gotller there was an inroad OF S4o0,oto made
upon tho capital stock Of tho Company. Tho
securities in question are from the state o8
Georgia and the New Haven, Mddloton Il Wilt
nlantio Railrond Company. Or tho former Milla
had Loaned $l5o, Jug upon s2O0,o00 OF Bullock,a
ponds, Whicn II ID clalmoa woro illegally 1Baned.
and tno lntoroae On WI,Gh tho present authorities
decline TO pag. Whotner the railroad bonds
VII oVer pecono worth mach 10 question.
~ the 1neantlme tAe 6imple % tacte aro that "h1lo
aoo tno capltal a BLOCK ~ s5uoooo Mhero are over
sauoo9o IN unavallaplo ponas. Inc aoposl5s M on
hand last evening oDn were aboae S2,5o9,ooo. OF
Wa,ch VII r. abons Saoo,ooo oelonged g IT. to the city
*oo,ooo 70 the eco county. ana SagoV9O 20 nr: stlll
man, OF inc n1m 1.11, OF barnoY. nusler fafaons,
OF thls CITY. otll1nan leProsehss as aeposltor
several trusts, among tnom tne iunds OF ono or
two collapsed insurance companies ior winch no
lie tEnt tboy Iolioyo It ontirelv possib1o for tha
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