, 1873-07-21
NEW YORK.
Sptctat DIspatch To The Chtcago Tribune.

Special Dispaich to The Chicago Tribune.
NEW YoRK, July 10.-Tho announcement Of
tho defalcaton Of Mills, President Of the Brook
1yn Trust Company, crcatod an intense sensation
to-lay in Brooklyn and Wall stroot. Tho 1rfb-
ane, which published tho story exclusively, sold
an Immense edition, and as conts WAS
charged by doalors for copies. Tho Com
pnny was hold in high estimation
In Wall stroot, on account Of Mills
rotations TO A. A. Low and other woalthy Direct
ors. Many brokora deposited lnrgo balances
thoro. Tho Inv firm of Barney, Butler i Par
sons Ind a balance OF a4o0,oo0 md other New
York firms ind largo amounts. Mills
WAS looked upon aa a sort Of
Brooklyn saint. and tho funeral Hor-
mon yesterday was n grand enlogy Of Ills
honcsty. Low was Mills brothor-in-law, but
notwithstanding tho faot, ho sailed for Europe
the day after Mills VIVA drownod. It is supposed
ho knew exposure was coming. The relations
were such as to croatc constcrnation. Tho
general faotB tolegraphed yoBterdny aro more
than confirmed to-day. Tho ovoraraft Of Mills
is s140, 900. Tho total 1oaa Of the bank is fully
sos ~ s proaee seto Is nonS Gas'o Tho 70 df oa
deposits on tho day Of closing. wore "a, 100000.
all llinvostod, and not wisely. Tho trust funds
Of tho poor ntiganta amounted to 10000, nearly
all Of which had been put there by ordor Of
Tho City Of Brooklyn loses a500,000 OF do
poBita by tho Tax Collector, which do
posita were nlso influenced by McCuo, who runs
threo or four banks with public deposit. Mo-
control tho Tax Collector, make It the condition
Of their admission to tho management Of those
Bovoral banks that they will influence deposits
OF public funds. Tho banks pay tho city 3 por
cent, and then uso tho money on Wall
atronf Ghnvinr nj IN Yar
cont, and buying worthless bonds. 4 run
On all these banks Ia anticipated. It was discov-
ercd to-day Tint tho Secretary OF thebank, Rod
man, who is also Deputy County Treasurer; was
secured. He is tho only officer Of tho bauk who
know of Mills ovoraraft. Tho Bum OF tho wholo
nifar is that the Trust Company is cleaned out
Of every available s;t g! penny: a.n,:,a., pr...
New YonK, July 19.-Thia morning tho Brook
lyn Trust Company, Of which Etheibort Mills,
who was drowned on Tuesday last at Cleveland,
WIS President, 'euapendod payment. It was dis
about $3.50, 900, md 1t Ia said that the account OF
Thomas E. Rodman, the Secretary, is short
$4,000. Tor tho Inter amount tho Com
pany holds collatorals, but whether they
arc good or not remninB to bo dotor-
mined. The defalcation mas not defnitoly
ascortainod until yesterday, when it was brought
to LIGHT lay tho investigation instituted BY
the Directors. Not only did thoy find that Mills
nnu 0FGEaT1WH Nla personal hECOuTt+ DQt klpy
also discovered TINT 'ho had taken worthless 90
cnritioa for tho sum OF 100000. 50 that alto-
gother there was an inroad Of $780, 900 mado
upon tho capital stock of tho Company, Tho
securities IL agsston are ff9m tho State
mnutio Railroad Company. On tho forrnor Mills
had loaned $3.50, ,O09 Upon 100000 Of Dullock's
bonds, which 1t is claimed were illegally issued,
and the interest on which thoprcHont authorities
decline to pay. Whether tho railroad bonds
will ever 6ccomo worth much ia question.
In tho meantime the simple facta nro that wllilo
tho capital stock is ss00,00o. There nro oyor
$500, ,0o0 in unavailable bonds. Tho deposits on
which @ about s456, 600 belonged to tho city !;
SGB,0o0 to tho county, and s400 600 to Mr.. Still
| man, OF the firm OF Barney, Butlor d Parsons,
Of this city. Sti1lmgn represents AZ = depositor
several trusts among them the funds Of ono or
| two collapsed insurance companies for which ho
| was Receiver.
/ Eight Directors make statement 10 tile pub
lie that they bolioyo it entirely possible for tho
| Company to continue business in 4 few dnys,
| and TINT depositors will lose nothing. Daniel
Chauncey has neon appointed Receiver,
| The Union Rays that Blnco the recent devolop-
mentB in regard to tho affairs of the Bank, many
| persons who first believed Mills met with acci-
dental death are inclined to tho opinion that ho
commttod suicido rather than face thoexposure,
which llo aaw was inevitable.
The Telegram has tho following: This after-
noon tho Telegram reporter Was informed that
1urtHer !NFe8tlBhtl0Ila OF tQ8 committee t0-aay
reveal tho fact that both the capital md surplus
Of tho Company the former 5000, and the
latter $500 have beon almost ob1itoratod,
and that tho losHcs of the Company by the de-
falcatlon Of tho President and bud dobtR exceed
sG00, 600.
The Coronor's jury in the case Of Stephenson,
Deputy United States Marshal, rendered vor-
dict that ho camo to his doath by stab-woundB
inflicted BY Jacob Moehol1a. The prisoner waB
t remandod to jail.
Several important tax records OF Brooklyn arc
missing and aro believed to haye been removed
by some Of tic late ring to cover up their fornlor
| Irregularities.
Tho flooring Of a. Presbyterian church at Hud-
son City, N. J., gayo' way during an entertain
ment on Thursday night and forty children
were injured BONO seriously.
Tho mortality report for tho weols shows au
| increase Of over 20 por cont In tho doaths AZ
compared with last weok.