New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-24
THE LATEST DEVELOPMENTS.

FALL RIVER, Mass, April 23.-GeOrge T.
Hathaway the deaulting treasurer arrested this
afternoon the charge OF embezzing 100000 from
the Border City Mills. He pleaded not guilty, and
bound over. He was taken TO the Taunton jail to-
night.
The Border City Mills closed to-day and
the Sycamore Mills shut down tonight IL Is
Acknowledged that all the Directors ru-
ined with the exception Of Charles p stokney,
and he loses Sl5OO0 OF his investment OF $4,000 In
the corporation. James E. Gunner, hardwO rkng man,
who was superintendent OF the Border City Mil.
loses $4,000 the savings Of thryve years Of toll lie
began life mill boy, and has worked his way up The
defalcatOn already reaches S6JO0OO-the Border City
Mills, S3OOOO and the Sycamore Mills S3500OO with
great prospect O its being increased Inc TACT OF Tue
fraudulent issue was to-day established beyond doubt
by receipt Of papers OF which record bad been
made. -,
Hathaway resigned the treasulershlp ~ Doth the saGs
more and Border City Mills. Joseph W. Wadeigh was
elected clerk end treasurer pr0 tcn. or The BOrer CITY
Mills and John Brown clerk and treasurer pro ten OF
the SagamOre Mills The books Of the Border CITY
Mills have been eTamIned by ny Waaislfh' al, an
Law before the directors any statement that at all
definite After further examination Of these books
shall have been made definite report VIII be given 70
directors who will call meeting OF st0ckhohefsn t
once The Board Of Directors voted to adjourn til FT
day next IL was deemed adVlsabIc by lhe counst u
directors pay debts either TO operatives or others
at present Under the bankrupt law OF the United
STATES az well under the State law, the empoJes VIII
receive their pay in fall. Everything viii be done by
both companies DOnhDli uput lo' bhN
The committee appointed to wait on Hathaway met the
latter this morning but by advice OF counsel he refused
o make further disclosures. This determination y a
bitter disappointment TO the directors, who expected TO
of the corporations involved. aud there Is general
Indignation on the part OF public. IL Is quite evil
legal techucaes IN order TO escape criminal indict-
meat Chace will evidently take the same course aud t
H. believed should Chace be held liable for irregular
notes VIII be- forced into bankruptcy instead OF be-
ing arraeuet for criminal offence: on -
Nf..f.h BRIGHAM
Union Mills deiaulter, nov IN the Taunton JAN, received
word this morning from Chaee REGARDING Ihe e9htessioh
IN which Hathaway states that Chaee received SVoVVV
from him hathaway. Chacc says: ] have not had
one dollar from Hathaway IN three years excepting &c.
80 ',,'.s M FIRE nv downfall When informed rim ~
the circumstance hanging ne ne replied II you
20 20 also. anu finally begged ne 20 take tho
money" , - ,...,,.,,. .,.., ...,..-,
cations oi Hathaway be hsa involved some OF MS
n colsequence Of the recent dealcaton all Of
rumurs prevail relating 10 various manuiaC turing cor
pora;ions IN this city. A report prevailed to-day, that
The Davol Mills had failed, bus at the annual meeting,
ycsteray IL was shown that that corporation lad made
p,Ie L. rUnpng on a margin OF profit Efforts VIII be
nadc by the s solvent and honestly managed corpora
and 10 tbs end measures will De taken reduce their
Indebtedness by increase Of capital stock AZ meet
ing Of the directors OF the Dayol Mills. held on Mon.
day afternoon 4 was decided to cal NEE tlng OF
camtai stock will be increased S27O.OOD or 100000
The banks various cities holding TIE irregular
have sent OTICfT- ueIts WHO IltslhE
ments In Providence, Ncw-Bedf0rd aud Boston. The
hanks will suffer most severely aud OF the FAN
River banks are probably involved.
George f. Hathaway about twelve years ago came 10
Tins cly aud became bOOkkceper for the MasasOt Flour
MIL and also became associated with his cousin. Mr.
Chace few years ago, when real estate Was bringing
large prices, Hathaway Invested and realized splendid
advances his purchases and there sttrcfthc
Border Ci.y Mil No. through his instfumcntaiiy Mr.
Hathaway the respect OF every body aud bushes.
men began Immediately call hlu the coming mHu.'
The Board OF Trade sent him 10 England few years
since to what could be done IN exporting clotn The
iIorder City NH No. burned, Hud siLOrt before
the fire was out taken tOWu.d rebuilding
This was opposed by many, but Hathaway carried MS
mint and The mil started % be paid FOR by the IN
surgucc money. within few ycgrs the sycamore
Mills were built but by mismanagrmcnt the prop
erty decreased IN value, cry Arose Tor Hath-
away 10 be treasurer, and be was ac-
cordiug'y elected ana matters immediately in proved.
LATELY there was agitatcd another SagaTore MIL, aud
accordingly few weeks ago saEauore No : was also
started. Thus Mr. Hathaway had Two mills on his
hand, when the UaiUn Mills crash came. OWING 10
he close association Of Chacc aud thawav susI cion
was Immediately 10 whether tie Border CITY
Wus