New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-13
DETAILS OF THE ENLIGHTENMENT.

The law and collection agency of Watson j.
H,ldrcth & Coz at No POI Broadway recently made an
assignment to David GeBt IL has since been discovered
that the members Of the firm are embezzers aud that
they have ned from the city. The firm composed OF
Watson j. Ildreh and James VI. Tighe For many years
they connected with John H. watson, the founder
OF the business under the firm name OF John IL watson
& Co. On January 1, 1876, they purchased Mr. Wat
sons interest, and changed the firm name to
that OF Watson J. Hiidreh Co They were men Of good
reputation quiet habits and protested plety and they
gained the confidence OF well-known merchants, and
gradually extended their business until accounts aCge
eating nearly 100000 entrusted to them FOR col
lection. Among those who have been deiraudcd are
Mitchell, Vance & Co., f. stcDhart. Barton & CO., BaX-
ter, Bell & Coz Alexander Agar, David Gent and James
]. Burns Co.
According to a statement made by the bookkeeper Of
Hdreth Co.. the misrepresentation OF moneys was be-
gun about year ago. and has been carried contnu-
ousy until detection became certain, when the
two partners show the balance " $500 in the
Traders Bank and He'd, Hdreth according to the best
information going to Europe, and Iighe the West.
The assignee and bookseeper put the deficiency At
10000 but some Of the creditors think that 10 viii reach
100000
The books Of the firm show that the expenses Of the
partners and the Of carving the business have
been 10000 a year. and the income has been only
$4,000 The merchants interested in the collection %
accounts 20 this agency invariably gave drafts fully in
dorsed, and when the money came in, as
it did come on nearly one-haH the claims.
the two swndlers deposited the the credit Of
their own firm, and drew checks against the deposits
Tor heir Creditors whose money was in their
pOsscso put of with the statement t-at times
hard money scarce, and payment would De made
in a short Time About three months ago, some ~
prompt payment " Tire drafts protested.
when the two men appropriated the sums col
lcci.d +sthty came ln ann uiurd thrm over ID thCr
most pressing creditors, trusting 20 tnrI pu- billy 10
On October ihe hrl was ieptr,td 70 NJ emD,lr1s'ed
buf office employees did NOT think TIE trouble
anything hat temporary. A few weeks ago Barton Co;
gave tnr agency S'Ftr "a aus lpt cpitcih tu1 Acdlu
nothing from thcm until letter was received from one
or the debtors. r'1i'-tl' on ,Has OF tt e
ccui O." t'r ulv' '"t""l lc' men 'n'r .,' was .A""
o. MI !Idgcl He denied having received tic money and
said: Iwiu write 40 once 9u1 see what tAi, mems"
Ills last visit 10 his oh.e was ON November 80
when he remained about aH hour and was un
6iice December p'cbe" mp a. bundle aEd ran ".t WITH
saying word To- ttc b1okkrf pr, af ng previously
OF the Gcm consist Of OUTSTANDING costs IN law eases
amounting 20 500. which cannot he coll ana ONCE
been made ia tie cash book ie-e since August l. bu
al! The other bO9E, gre P,ste9 uf 90 iije H..
story brick house, handsomely uus "j II is recorded
IN his wi'c's name and Is mortgaeed for rl3,-
T Ppoiestda ant E5'scoSI c6arch OF tho Heavenly
Rest on FiftnaFcv ana Vi~ rrT'riel iA'ou
honorable life. His 0le does NOT seem ID ie@t lic
character Of n, o.nca and sa{s that her understhl-
and her husband tnou-u 10 prudent 20 leave town for
few DAYS uuiil th- excitement should Subs'dr.
Tisuc lived az No. 40 Ilr-st., Brooklyn. IN rented
house lie Was member 0I one on the leading ffOics-
taut Episcopal CuuIc le- on the HeI-hts ana
has borne "a good reputation. lis SONS Were
10 his Office yesterday, and expressed great
sorrow over the disclosures mIde. Ari. iigIc D.,
also deeply distressed II IL sfs.rd that neither Of
tn iBglyts has made any provision thus 'ar Tor ms
family. and chat tine twJ families are Ict win very nm
tied means thnr support Orders fof tie arr ST II
the .Wiudl,rs have been issued. and detectives are
ON tie loosDu' for Them. lc5t'rl' several or iAe
D tttr. MOTIF mod fn have
banhrups. IN order that N as ,ueC might be removed
The pctiiouuC creditors Baxter, Bell Coz dealers
paints No. MIrftyst.; Alexander Agar, sttilpner,
No. 10 Wiiam--t Mitchell Vance az Co., nXtHc,,
No. 30. broadway James T. BdluS, att'u-lal Hover,
w. - Uuou-squire; and Barton Co.. gun store, NJ.
35J BroodrsT.
A uCag relative OF Hdre:h gives 10 ms opinion that
he ,.a lea r+o crime by TI.o yy.o b. many wear. I,
senior Hlalcth j, only thirty wears cd. This relative
does Ho believe mat tue enlightenment exceeds $4,000
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