, 1876-03-22
A NEW YORK SENSATION,


S1tetal D4spafeh to Tbs Chteaoo 7rioane.
KEw YonK, March 2i.-About two weeka ago,
3fcssrs. Nedtleld and IIill, Of tho firm of Dar-
rett, Nedao!d i Hill, applied TO John L. porte1 :.
and "all!sm II. Evarts for advice IN matters
In which IL was then feared their firm had been
involved BY somo actions On tho part Of tho seu-
Tor membor, William c. Barrett, relative to t1uss
funds which had boon placed in bis hands aud
under lila individual control. Tho younger
members Of tho firm, discovering what they boz
lleVed to bo Irregularities On tho part Of thetr
senior, "oro anxious to know how far tho firm
could be involved thereby, and what their duty
was. not only In protecting tho clionta
Of tho firm, but also In informing tho porsons
whose funda were III truat 70 Nr. Barrett Of
what oil recognized ns tho t1rendfulLY embar7sas-
ed condition OF Mr.. Darrett'a afIairs, Judge por-
TOT and Mr. Eyarts advised tho young mcp.
among oshcE things to inslat Oh dissolution oi
the firm, and they gayo a1r. Ea1rett immediate
notice to that effect. This was on Saturday,
March II. but tho notice Of dissolution waa not
published until thus morning. afsor Mr. Dar-
rets had boon threo days Ut sca,
on his way, accompanied by lila
wife, tn Europe by tho steamer Por1ere,
Of the French line. Nevertheless tho notice Of
dissolution had revealed to Mr. Darrot. TINT bis
financial embarrAssmouta wero known 1nore
fully than he desired, aud tho result whs almost
complete mental proatration. lilo was confined
seemed only to aygrava:o hs disease. and,
finally, his physician ordered him to bo takcn
to soar refusing 10 bo responsible for hla so-
coTnry, or tho retention Ut hia ucnses, IL bc
should longer remain whefo he could bo tor
mcnsod with thoughts Of business. Mrs.
Barrett secured q stato-room On ths
poriere; a. before stated. md th.
af1 1taF ffInr ftftt. nA1A +v3At
them. What has led to tue tluanciht troubles OF
Mr. Durrett cannot be fully determined. Ncvin
". DutlcE, No. II Fulton street. who is his at.
tolney In fact, and his principal advisor, I'D.
ho enil this embarrassment lad led to the serious
illness Which had required his absence from tho
country, but TO said ho could not properly make
public what had ied to tho embellishments Of
Mr. DArrctt or tho Dntuto aud e1tenk Of thA
trouble. Mr. Hill. ono OF bis lats partueres
refused absolutely to converse npon the subject
further than to deny in tho most positive torms
the ruinoEs, Of which tue reporter informed him,
that several Canadian banks who wore clients OF
ths firm were losors through Dir. Barrett, None
Of tho clionts OF tue firm we1o 1oaora by ths
individual acts Of Mir. Barrett. Tho firm had
baon connaol for several Canadian banks, and
" ACT na their oEonts 1t was learned from
oshor soascos, lo~eycr, that Bareots lad bsen
led into extensivo lind upccuiatioun in Bnuth
carel.na ca .nn through John Mckay formerly
These npoculatsons in South Carol,ns
proved failures. AIr. Barrett Ia supposed Ia
have invested largely in bank securittos in Mon.
| treal and 10 have suffered by heavy failure
there some mouths ago. He wae also unsuo.
ceasfnly intere6tod In mining trnnaactlona In
tho West. Ilo Was Trusteo for tho eatato ct thu
late Abraham II. Mos!er. but no details OF hit
administration OF tutB trust or Of euy Of hi4
truste, arc obtaEnabe from nny Bource tonight.
Tho c,nbarrassnUnts OF Mr.. Barrett arc attribut-
cd By pcraons iu position to know ehioty to hit
| strong and ill-advised support Of Jnmoa
O'Duen III his aovetal races for Sheriff In
1870, Senator In 1871, md Mayor In 1873. It IL
certain that iu those contests, Mr. Darrott, "a 50
active membor Of the Apollo-1Iall Democracy.
! spent large sumo Of money In his behalf. Bin
gulss teticence u maintained by ail tm1ncdin!a
friends md relatives OF MT. Barrett, but most o1
then, maintain that thoro has been nothing
criminal in bis conduct. Judge George c. Bar.
rett Of tho Bupreme Court, Slated that he kpou
very litte Of the recens actions Of hta uncle
About two ysars ago d cettaln mkttor growing
out OF his nncle'n nureaeonin8 support ol
O'Brion for Mayor had caused very short sopa-
| ration botuean hiB unclo and himself. Since
| shen he had not ecea him more thnn once or
| twice, though ho hBd, Of course, honrd Of him
| often during TINT time. Ho knew, Of couBe,
| nothing OF LIS tinclos pocnniarry condition. In
Wow Of Tho shrinkage OF All values, ho Thought
| It very probable that ho Was pecuntarily embsr-
| sasael, but ho believed that thnro VAS nothing
beyond thas-