, 1873-11-11
NEW YORK.
Special Dt4patch to This Chicago Tribune.

THE PACIFIC MAIL LITIGATION.
New YonK, Nov. 10.-Public interest has been
reawakonod in the Pacific Mail litigation by tue
publication Of the papers in tho case. Ex-
President Allon B. Btockwell has made through
counsel IN answer to the complaint OF Aaron
Freeman, Of Schenectady. It ia general denial
Of all The charges Of fraud or maifeaaance In
Office made against him. It sets forth, among
other things, that during tho year 1873, the
Pacific Null Steamship Company owned certain
amount OF the stock Of the Panama Railroad
Company, but that tho Company disposed ofi
during tho same year. Friends Of stookwell
soy that, when ho bocamo President Of
tho Company, it had the $1,000
shares Of Pananln stock, 80 often referred to-.
1t WAS desirable to obtain more funds, and
Stockwell sold 5000 OF tho stock at 100. Tho
remaining $4,000 slaros wore hypothocated or
loaned for tho account Of the Company. Tho
tho Company IN tho transaction OF it's regular
busineAB. 1t la also alleged that thoBe securities
were largely enhanced ID value, 80 that the Com
pany actually protted to tho extent Of 81 900 900
by the operations Of Its President. After tho
hypothecation Of 12,000 shares, tho stock
began to fall, and securities Of tho Com
pany wero pledged to eeouro tlloso
With whom tho transactions had boon made.
stockwell, aud in payment thereof ho gayo tho
mortgages and notes Of tito Homo Sowing Ata-
chino Company, This left stool1wol to pay tho
Colnpanys debt Of 81 ,200, 900 with interest,", for
those suits were brought to q careful e1amlnn-
tion by tho Directors Of tho Pacific Mail Com
pnny. Tho latter agrood to an adtustmentof tho
claims on 8tockwolfa payment to the Company
Of $100U0,000 OF Its capilst stock, Which at the
present market rate would not about $3.50, 600.
FAILURE OF 4 TEA HOUSE.
BatterHhall Il Co., tea merchants, No. 101
Pearl street, failed to-any. The house vas of
fair standing, though not ]argo, and arc said to
have been doing business Of 81 ,000, you year.
They expect to pay 80 ceutB on tho dollar.
ANOTHER DEFALoATtoN
by an official OF financial institution is added
catalogue which IL being added to from day to
day with rapllity which astoundH aud almost
discourages tho true phs'anthropist In his hope
for better daya and botter men. The onprlt is
Henry D. Lowos, late Cashier Of tue Security
Bank, No. $40 Broadway. 14oweH discharged bis
duties In tho bank on tic Sd inst. Not appearing
III hiB place noxt day, inquiry at his residence
OH tho succeeding day elected the fact that Ills
wife knew nothing OF his whereabouts. This
aroused suspicion, and an examination OF Ills
accounts sh0wod that ha lad appropriated $780,
200 Of current funda. His accounts wero found
to be correct. As far aB can 10 loarned he las
not engaged in stock speoulations, but has ah-
straotod money and flod. IIe las
borno an excellent character, but IL il
now beloved tllat tho roason Of hiH sudden
departure was liis intimacy with woman of lln-
certain reputation, who accompanied him. He
Aas been iu tho employ Of tho bauk slnca it's or~
gRnization, five or six years ago, and was pro-
Motcd to tho position ao recently hold FROM llat
Of bookkoeper. He lRs vito aud one uAill III