New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-23

IL IL NY Vhi"iVh e"'>' h0 ""SV'N
,,,s death OF his wife"
r.tns questioned ms to the loan said to have been
made 70 him by his son, Carlton said MY business
sha, morning was about these very loans. Some uie
ago the Trust Company loaned me 10000 for winch
cave the very best securities, and when hearu oi "V
run on up there to offer to pay tne O"ns
., the Company wished. 1 saw Mr.. Sohels anu
be told me that it not necessary nov,
aver on Saturday, after banking hourS'
received notice calling In loans and this very morn
ing paid s5OOO and would have paid the REMAINDER, ou'
one OF the checks held dshOnored oy a Guy o~lN
because the institution issuing II had not tnat amount
an deposit in the bank This loan was not made TO me
By my personally as has Deeh sta'eu pu' ny 'no
Trust Company"
EDO You know OF any speculatons your son has been
Engaged H. Doctorf" "Yesi have been told since
his departure that Mr. Carlton has speculaed heavily
ue bought 800 shares Of Pacific Mail and 1000 shares
~ western Union but cannot speak definitely as TO
other investments.
4Do YOU think that Mr Carlton any OF the miss
Ing securities or bonds with hint" "Nol do not on
was told by a gentleman who was with my son at the
time that he went 70 one Of the downtown savings
banks where he has deposits and withdrew $1,000
"Have YOU seen your son since FridayP !" From the
time he left the Office at on that day nave neither
seen nor heard from ho and have not the shsn'eS'
idea OF his whereabouts"
The reporter further learned from Dr. CARTON tna'
the son from his 18th year until five years ago. was con-
,Ac,ed with the United Trust Company, whlch
Mace he left for the Assistant secretaryshp OF the
IJaon Trust Company. BY dnt OF hard ana iathIui
labor no soon the Secretary, when position ne
held ND TO last Friday with a spotless reputation Mr.
carlton is 80 years Of age aud his salary in the Trust
Company was $4,000 per annum.
NO EFFORT MADE TO ARREST CARLTON.
In reply to an inquiry respecting efforts
which might be making by the police TO arrest Carlton
N4r,o TTufas Trfugf ~ Y
detective at Police Headquarters shook his head, yes
,eraay The officers Of the Union Trust Company had
"a YET made no complaint TO the police respecting Carl
,op the fact OF his having robbed the Company was
therefore not officially known TO the police No papers
had as yet been made out against him. and even IL ne
should walk down Broadway no policeman
would have the legal warrant for his arrest
Detectives not endeavored to trace Carlton TO the
village in the State OF NewJersey where he was hidden
because they were conscious that if they should
find him they would not have the power 70 arrest him.
Several friends Of Carlton had affirmed that they were
aware OF his Whereabouts and had informed the officers
OF the Union Trust Company Of the fact The friends
referred had promised the Union Trust Company that
Carlton would return to the city and make PREPARATION
Of part Of the money Of which he derauded Them The
Union Trust Company did not have much confidence in
these promises and had told the detectives that II Carl
ton did return by Thursday next, they should at
once begin TO search for him.
APPOINTMENT OF A RECEIVER OF THE UNION TRUST
COMPANY.
E. B. Wesley, a well-known fnancier and the
pvner OF a large amount Of uptown real estate was
appointed yesterday Of the Union Trust Com
pany Committee Of Examination Of the Board OF
trustees was also appointed, and g. b. Chitten
deu was chosen Chairman. Under its direction
q large number OF clerks were engaged, yester-
day. in endeavOring TO ascertain the con-
diuon Of the Company, its assets and
Liabilities and the amount Of the defacatiOn Of the late
6scretary, c. 7. Carlton. The examination contin-
ued until late hour last night and will be resumed this
morning Wesley states that the announcement
made yesterday that G. G. Williams IS indebted to the
Trust Company $4,000 is incorrect. Neither Mr.. Will
ams any other member Of the Board Of Trustees is
indebted to 1t in manner. The following announce
hnent was made last evening by the Committee of Ex
animation:
The Committee are actively engaged in examining the
affairs OF the Company and thus far lind nothing TO III
dcste that Its capital Is IN the least impaired or that
st will not be able 10 pay every dollar OF It's indebted
ness.
Among others who would be be benefited by the re-
uupton Of business by the Union Trust Company are
jtbe members Of the Police Department In that Com
any WAS invested three years ago. the Monument and
Burial Fund then 81 900 and at present 1880 in
amount This fund raised several years before the
EresignatiOn Of Superintendent Kennedy. plot OF
round decided the Department by the trustees OF
Cypress Bill Cemetery upon winch was eTeCItu %
monument a cost Of 1900 Land then purchased
around the for $780, and S25 burial lots
marked off, The grounds have been surrounded with
neat stone fence and 1t proposed to ornament the
monument with the amount remaining in the Trust
Companys treasury. The fund has before been
duced $4,000 having been locked up by the failure Of
the Eighth National Bank three years ago. OF the
above amount 5000 subsequently recovered and
placed IN the Union Trust Company then considered the
strongest Of banking institutions.
1t Is stated by the officers that the Lake Shore Rail-
road Company appears the books Of the Union Trust
Company borrower Of s7OOOOO for this reason that
the Railroad Company had used its earnings for add
toual locomotives passenger and freight demanded
by the increase Of business and therefore, for the
time being, a borrower. The money for the dividend
paid Aug had all been earned, that the money
borrowed for the purpose Of paying dividend not
fairly earned From the earnings OF the road thus far
stated that this year its gross receipts will be
MOoOOOO.
A CARD FROM G. G. WILLIAMS.
20 the Rdttor Of The Trt0Une.
SIR: A notice under the head of the Union
Trust Company Troubles" in The NEw-YoRK TRIBUNE
Of this morning. mentions that g. G. Williams is liz
debted 70 that Company $4,000. G. G. Williams has
neVer borrowed from the Union Trust Company single
cent from any other company OF bank Please con-
rsdct this statement which entirely unwarranted
6eo York, Sept. a. 1873. g. G. WILLIAMS.
1.-THE statement was made the authority OF MIR. S.
q ChittcDden.-Ed.l
BANKERS SHOW NO MERCY.