The New York herald., 1876-03-23
WILLIAM G. BARRETT.
THE LATEST DEVELOPMENTS AS TO THE Ala
LEGGED DEFALCATIoEs.

THE LATEST DEVELOPMENTS AS TO THE Ala
LEGGED DEFALCATIoNs.
The report that Mr.. William c. Barrett guilty q
n defalcation OF the property OF Montreal clients
dwinded down yesterday until 1t was merely asserted
that Mr. Barres accounts with the Standard Life 1 n
surance Company OF Great Britain unsatisfactory.
1t appears that through the agency OF Mr.. Graham,
the representative OF the Standard Insurance Com
pany in Montreal, Mr. Barrett was entrusted with
considerable portion Of the corporatons funds which
he had the power TO invest Some rumors that
reached Montreal of certain stock specuations IL
which Mr. Barrett had boon engaged first eScitcd
picions and representative of the company sent
to examine the accounts. This investigation, ale
though conducted very quietly, attracted little atten-
tion and when IT became that Mr.. Barrett had
transferred two blocks real estate Mr. Daniel Tor
rance by Of settlement tho other clients began to
look after their interests.
For the past twenty i've years Mr. Barrett has been
for OF the oldest families the country and
has been honored by their unlimited confidence They
never harbored the slightest suspicion as to ht5
solvency, and even when the story was told
them could hardly realize the real condition o.
affairs The property which no held IN trust
for this family is said TO amount TO 5000 0OO in real
estate mortgages bonds and other securtcs In cons
versatlon with ono OF the members OF the fnmy the
HERALD reporter informed that they expected to
lose at the very least 800 600 The real estate Win
probably DO found intact and tho loss will be found in
some OF tho mortgages and government bonds The
property decided by Mr. Barrett tho l4th and 10Th
OF March. comprising some lots on Thirty-ninth and
Thlryourth streets, Will probably nearly cover hid
deficiencies with his Montreal clients.
Mrs. Halpine, the widow OF the lato Charles G. Hall
pine miles OReillyl will, II Is supposed be slight
sufferer, but as she is residing out OF the city Il was m-
possible TO discover 10 what amount shc has been VIC
tmized Mr. Barrett trustee Tor the OF tho
late Charles g. Hapine, and consequently conducted
the law business OF the widow An examination OF tho
books In the Registers Office shows mortgage for
So 800 that gwen to Mr.. Barrett by Mrs. Hapino
and dated October lG Following close upon that is an
assignment w.
for the sum OF 81 800, which dated November 9,
1875, and not registered until March 16. 1876
Shortly before sailing for Europe Mr.. Barrett gave
power of attorney TO Mr. Ncvin W. Butler SO thai he
might look alter his business during his absence. Mr.
Butler has commenced his task, but finds the papers
such muddled condition that ho anticipates somo
days work before he give satisfactory answers tn
the numerous clients that asking for Information
Mr.. Butler was visited yesterday, and in answer "a
questions that put TO him stated that somG
months ago he became acquainted with the embar.
rassed condition Of MIR. Barrctts affairs, and said
that from what he could learn they resulted from
the depreciation in the valuo OF real estate and unor.
tunate speculation In stocks He said that he expected
TO be able TO furnish statement within lew days,
but probably portion OF the business would not be
cleared up until he received letter IRON MI Barrott
giving him n record OF the condition OF his affairs
From what Mr.. Butler has already seen OF Mr. Bar
rett's affairs he has found no evidence proving tho
charges OF fraud that have been made against him
The mortgage which had been made over 20 him by
Mr. Barrett was In payment OF debt, and he had
every reason TO believe that Mrs Halpne has received
the face OF the decd 10 It's full value.
There does not appear be any truth in the state-
,ncnt thai was made about Mr. Barretts extravaeane
and TO the young democracy, as prominent member
stated tna Mr. Barrett never subscribed dollar TO thG
The rumor that the Bar Association bad held meet.
Ing 90 consider the proper OF regard to
the case OF William e. Barrett entirely unioundcd
as a HEKALD reporter paid visit TO prominent
lawyer and In OF conversation, learned that no
such movement had been made The Bar ASSOCIATION
will probably demand full explanation from Mr.
Barrett and when that Is their action will DO
entirely guided by The facts elected