New-York tribune., 1873-01-06

From The American Register ofD 81. -. =.
A meeting of the creditors Of Messrs. Bowles
Bros held on Tuesday last at the m & cSsir
1t was attended by large number OF unfortunates,
among whom several ladies, and the proceedings
were watched. apparently. with great interest Dy
number OF Japanese students in European costume no.
from their attentive demeanor were evidently impressed
with tho idea that strange scene, totally at vaT-
ance with their Oriental notions, was about 10 DO
enacted. ..
Baron de Riyiere then proceeded with his report He
stated that 1t had been task OF extreme dlmcni 70
OF the Messrs Bowles owing the fact that during aage
portion of their business career they had Kept no Leg
lar books In the year 1871 set or books In conformity
with the French law had been opened for the frst ne
and the Chairman regretted 10 state that the balance
sheet TO the creditors at the previous meeting
was wholly untrustwOrty and deusve The business OF
the bank had been conducted without any capta wha
soeyer IL was true that the deed OF partnership stated
that the capital of che firm OF 900 francs, OF
which one-half furnished by the MessTs Bowes anu
Snshaf By Mr. appleton & but no Rceoap RsfS IN s Of
100000 by Mr. Appleton, which amount SAVING ony
sOo had been subsequently wtndTa% ~ as nf Snner
vision had received communications from the Boston
and New-York branches OF Bowes Bros, except tele
OF very unsatisfactory and irrelevant character
The entire funds and property OF the Boston and New
York houses had been attached by Mr. Appleton 10 tne
prejudice OF the creditors OF the Paris house. Audlng
10 the charges of fraud brought against the Messrs
Bowles IN London he added that as far as the Soinn
Supervision had been aDle TO investigate the ac
msapprOpriaon or breach OF trust had been m
Ted by the Paris branch Of Bowles Bros. Upon TINS
lady creditor, Mrs. Jane Gray seaver, started up
from her chair and said II cannot permit you, MT
ing under mistake, Sir II you believe this house Tree
from the stgma of fand week previous to the fall
ure OF this house arrived in Paris from New YORK,
bringing letter OF introduction given me by gentle
men TO Mr.. Charles Bowles, whom he knew here quite
gentlemen. also brought with draft for 5000
aud some odd francs on THE house OF Bowes Bros
together with letter Of credit Brown, shpley Co.
The morning after my arrival in Paris called at thls
house and asked for Mr.. Charles Bowles and was in
slnf ha haA IN AVnQ
liam Bowles then came forward, read tho let
ter intended for his brother, and very courteousy
said Mr.. Bowles have draft you," at the same
handing the paper to him. He opened and read 1t,
it yhs morning ming T'' Ma sI replied; VIII drop in
IN day two and got something" then added, 4" BY
house, which perhaps had better leave with you for
safe keeping lest should lose it," oh, by all means,
the safe; should you lose it. It would you great
Inconvenience" drew the letter from my pocket, and
draw any money it while in Paris, as 1t would enable
me 10 draw all over Europe, and my draft on MIN
remained in the French capital. He replied
that it would be, perfectly safe with them. them. and
L bade him good morning and left TINS was
failure. On the Wednesday following three days before
called for Mr. William Bowles who Immediately APP
peared. said to him, Mr. Bowles, WIZ have 70 draw
on you for a little money this morning" He asked me
how much wanted and replied about 400 francs. He
went the safe, counted out the amount, and said,
" Here are 400 a me az cne sSe o te ,R
amount didn't read IL, but said, as complied with
the request Mr.. Bowes, know nothing OF business,
but suppose il Will be all night have to trust entirely
to you" You will be dealt with honorably Madame,
he replied said presume a s3 thanked nIn and
heard like every else, Of the failure and came up
TO the bank to get my letter OF credit TOOK IL and re-
turned to my hotel resigned TO lose my money hap
pened to remark TO some at the honse whore re-
sided that had day or two previous drawn 400 francs
my draft. Thereupon was advised TO open my let
OF credit and that it had not been charged TO ne
on that: why" said, of course not; they could
not. had draft them and this letter is on another
house Besides Mr.. Bowles knew that did not intend
making use of It here" However, drew tho letter
Yankee spirit aud anger appause when has risen to
its highest pitch, you may possibly have some concep
had charged it to my letter Of credit hastened back
TO the bank and asked to Mr.. Bowles; was told
that could not see hlm, as he was engaged. said
Will see him L will tear down every stone
from this building. APplausel l was then ushered
cused him of tine fraud, he told me such pfu story
al the same time promising to have that amount re-
funded to me- that he quite won my sympathes and ad
ysed him 10 go to bed and rest. GApplausel On the
following day meeting was called, and was summoned
YER pointing to the lawyer VINO had worked zealousy
for the house, put such favorable aspect upon mat
ters, and won go upon my sympathies-Oh, beg your
pardon Sir, you were but doing your DUTY" she re-
marked the gentleman referred 70 half rose from his
chair as though he would defend himself"that was
one Of the fret to sign the granting the firm co
days grace. But, Sir at the expiration OF that time
viii arrest William Bowes If can catch him. I hope
gentlemen that have not detained tue meeting too
long" and the speaker bowed and retired amid good
After the excitement produced by this incident had
subsded Baron de Rviere continued TO say that the
Committee had collected during the period Of their
supervision 1000 francs additional assets, and had at
tached some property belonging to Mr. Charles Bowles.
After a few further observations, he concluded by
The creditors. vote OF thanks 70 the Committee for
their exertons was passed, and their resignation
Mr. Harrse, the solicitor OF the Messrs Bowles owing
whose exerohs the creditors were induced at the last
to- fha Aaua
rm now rose address the creditors After some pre-
minary observations justfying the wisdom Of the ad
them that they had lost nothing by their previous
enency, and stood possessed Of the rights If
creditors to take 10 put the Paris house
Mr. Haryse stated that the French law re-
partners were bound to make a declaration Of
within three days. and that this
signed by all the parners that this course could not
be adopted by OF the sosence 81 all the part
be obyiated by an application to the Tribunal OF Com
the part Of any three creditors bf Messrs.
esS document which he had Drawn up for this pni
pose AT this stage OF the proceedings the
here was an unexpected but tacit refusal on
s sSSss Being az sq ens
restored. a gentleman inquired what mad be-
TO this query authorized parsonage replied that
hey had been attached by the Swiss creditors. Mr..
circulation regarding the Messrs. Bowes. He stated
hat they had not withdrawn $40 600 out OF the banks
lssets as currently reported; that Mr. Charles
Bowes had gone to San Francisco for his health and
hat hearing Of the proceedings taken against the
irm In Europe he had returned TO New York. A
voice called out from the crowd, spent $500 for tee
sram to San Francisco, and Bowles was. never
here at ALI" This announcement was received with
much hiarity Mr.. Harrise then proceeded TO read
etter signed by Mr.. Charles Bowes and Mr. 6tetson,
n which they threw all the blame of the present
situation Of the firm on the creditors, stating
hat their eagerness and impstience were the cause
their partners not being able 10 adopt suitable
ires for the realization OF their assetsad the liquidation
II their Liabilities and declaring that they could have
,ad all their debts had they been permitted 10 So
This letter raised another tempest. Mrs. Seaver again
nmadyerted In rather warm terms on the conduct Of
he firm OF Bowlcs Bros In general, and Mr.. G. Bowles
particular The excitement caused by this incident
iaving after while, toned down from fever heat to
oOer temperature II proposed and seconded that
the mean time receiver should be appointed to act
custodian of the assets until the adoption OF proceed