, 1873-07-22

A Supposed Wealthy mud Upright han
Proves to Do 4 Heavy
Dcfanltor.
His Death by Drown;ng..-Was It Acct
dent or Suicide !?
Erc7,l the Nctp Iyork Tribune, JulY 10.

Se-.@' AAto SAHNAASA NAkAll u ANY JGAld pHhks 4uG
ou1prit In this instance Is tho latc Ethobort 8.
Mills. who was drowned OH Tuesday, whlo
bathing ut Conoy Island, and wlouo funeral
took place yentorday, from tho Second Unitarian
Church III Brooklyn. It has long been known
TINT AGr. BILLS was d very largo operator In real
ostato, and It WAS also known that soyeral of his
his dnnth thcHo rnmors hnvo boon moro aotively
circulated, md It waa oven stated that Ills &c
count in tho Brooklyn Trust Company, of which
l,o was President, Ind been oyerdrawn to q con-
siderable oxtont in hfs ondoavor to "cnrry" his
speculative ventures, and that his general ad
miniBtration OF tho n1lairu Of tho Company waB Of
tho loosost description, tho colatcrala accepted
by him on loans Of very large amounts bofng Of
anything but safe and certain character.
STATEMENT or THE ACTING PRESIDENT.
Wishing to naccrtnin how much truth thcro
WAS In tloeo runlors, reporter OF tho Tribune
called on Dantel Chauucey, President Of tho Mo-
chhnics' Bank, md who Is also ono Of tho Board
of Directors OF the Trust Company, and, sinco
The death Ct Mr.. Mills tho President pro ton Of
Directors room Of the Trust Oompanys build
ing, at Court and Joralomon streets, with sevoral
Of tho Directors, engaged IN examining books
and papers connected with tho institution, md
ondeavoring to straiEhtcn up the accounts aud
Of the concern. uo received tho reporter cour-
toously, md while appearing surprised that any
thing should havo boon loarnod outsi1e
;,,r,ta tno condit;pn ~ tho Tomno,v,a oonitoi
dociarcd thnt ho Ind no wish t. ooncca1 p,: nng.
thiug. Ho know M little Of Mr. Mills nriyato a.
fairs, and until tho ptosont Investigation WIS
T1nat nomnany' Tio Drnctora Ind tho utmost
cnnR,on"n II Hyr Nt;lia; ntaor;tv and oa IN 1s1
Chauncey) was tho heud Of anothor financial
institution-which, howovor, wns in no why
rival concern, tho Trust Company not bcing n
In nthnrwtuo ,gou1d hava faIt in Tnnk;u1 INV ~.
to,SatI ;non;rn into +hn ,nn,oDornnnt ~ ~, H.
at,t,,tio1, md tho character Of it's inana Tndi-
yidaaily, 10 was in favor Of lotting ther deposit
ora M thn n,,I,1;c kno,v inat Inv tI,n oopcorn
otno1 d. and he hoIova1 tho ron.inaor ~ E;a ~
i"aruea in tia Donrd Of Diroctors would errno
1r;th lin irhc othcr rontiomen nrouont Roro
n;rni0ol choir nssent.
1ur co,1ptyy'a nArtrAr. srn1ons7v 1,,r,1nrn
that IN T'na1ny 1ast On ioarninn Of ti,a dcath aa
Of Air. Mills {. moot}ng OF tlio I'oarl Of Tr1s-
taoa 1roa t,ola and In 9as chaann pros;iant nro
lem. II was doomed advisable to have n tbinr.
oueh examination mado OF the books OF tho in-
anyillinT waa wrong. Mr. Mills bore lie renuta.
t;n}, ~ So;nn wnniiv INV nn1 z,'roi, nota ~
h;a nesocintas Irnun1cj of Lis hcinIr n ,}ofnmItnr
or that ho Ind by ha course impaiToi tia oanfIaI
Of tic Company.
irrcgunritics and Il was nscortaiucI that the COL
iats'siu ~ wf;cl, ,arna ot1voncca had 1,oen modo
,yero worth far loss tlau when tho lonu vns made
on them. End if sold would not begin to roin,
burgo tho Company to tha amount of
ft,n lonn. since T,unsdnv Tho Evnm1n-
inc Committee lave worked onch dnv
~ n1ssrt dmrng hon,mr hon%a WHEN In hooEss oEs
nrn II, ,1sn. md until miduight onch ncht. Tho
exhibit ia an unpleasant one. but not 90 bad as
Insight into tic condition Of affairs. Tic Com.
INITIAL ig not yot roady to renort. for the reason
Tint il haa not comnlekod ita DENOMINATION of tllo
bookp, and it's members fool confldert that it
viii be enabled to mako Q full report by Mol,lay
nr tf1,es1nv Mt tim lnfest tt will mt verv 1nurE
from tho estimate now mndo of tho fnnnciai
condition of the insttution.
or tho loans md coIlaterals there gro two
lnrre itomH which m fnr toward maxim IN
the discovered Impairment Of tho canitaI. ria
Of tho State Of Goorco, Igsuod in lid Of roiiroaa
in That State. md wLich aro better known
as tho Bullock bonds. having hocn
isa,,od bv CIV. Bullock, It Il claimed tl,at tbcao
81 a e
nnd mono las boon mid for tho INST two yoora'
T'hoaa NAV. and nrnhnb1v will In rodoomod hv
tic Stato. but at present thew could onjy be- sold
nj a verv honvy ilIHconnt.
The Now iIayen. Mild1etown & Wij]imant1o
Rniironi was nrfrinnllv hn;lt to nccnnmntInto
iocal frnic1,t and nnsHo1,onr traffic Thma for II
4 alienod to hive proyol snythinc Init smcccaa t@ -
Arra1lTementp. however. nro maEfnr. it IN undor-
atood with the management of thn Nav Yorlf T.
Nav fnrland RaiiroS1 S3omnnnv In leaao thc
roo;]. mi X this il consummatoi, tho honilR
mav ti,on noaaoas n valna fnr ahowa' THAR nroas
ont nrico. '1 - wv
TnE ESTIMATED ENnEzz1EMrsr e1oo,o
amanmt of a!' nhont s W.T. 1 ha Inc 70 aono eo
viii, This 1arro amount docs not anpear 1f It il
wall known tIst Ia has beon for Enyeraj vonrs
Iarce oporator in roul estate. aud It is coniec-
turaf t,nt ho Ina naod tho f.,ni1s ~ thc Gnm.
nany n cnrrv alonc Tia anooniativo vnntrrna
wiz Whoon tbo i9at dividoul vas tlco]ared tho arr.
nius of tho Comnomv was aet down in roun}
numbers At $50, ,006. rhis, Of course has gone
Tho in,pairmont OF the caIitai n,ay roaol, ia ner
cont Ta hnworor waa tanr @ ihn xrnrat IT, noa. ns.
sblo view Of. tho cnso. and Throwing nsido alto-
eothor tho dcprcciatel and wortlIoss collatorale.
Fl waa thu aontimont of In rr,,stons that tn tic
imnairmsnt shonld bo ut onoa no1o @oo1 ID
and thu institution 20 on aa hoforh. e FIX
thourht @ thia worll enni1oubIodlv o' In aonn
II fho dopositors viii act for tIeir
own interest, and not prccipitato mat
viii ~ ohIe to nl,tn;r lid n,ornsy oH5 ,s;ihn,,t