The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-04-24
More About the CrooRedness at
Fall River.

More About the CrOoRedness NJ
Fall River.
FALL RIVER, April 2S.-The Commit.
tee 10 wait on Hathaway the deiaulting
Treasurer Of the Sycamore 4 Border City
Mills, met him this morning, but by the
advice OF his counsel he refused 10 make
any further disclosures. This determi.
nation is 4 great disappointment 10 the
Directors,who expected 10 find Hathaway
willing to straighten the affairs Of the
corporation. The indignation on the
part Of the public ia general. Hathaway
proposes 10 take advantage Of all the legal
technicalities 10 escape criminal indict.
ment. Chace will doubtless take the
same course. II is believed that, should
Chace be held liable for the irregular
notes, he will be forced into bankruptcy,
instead Of being arraigned for criminal
offense. Chace claims that he received
Of hathaway but a comparatively small
amount, and that through his duplicity
and preyaricatiou be had involved some
Of his (Chace's) best friends. Banks in
various cities holding notes have sent
officers here, who are making attachments.
Providence, New Bedford and Boston
banks will suffer most severely, and some
OF the Fall River banks are probably in
volved.
Al the meeting Of the directors this
morning Hathaway resigned the Treas.
urership Of the Sycamore and Border
City Mills. J.W. Wadleigh was elected
Clerk and Treasurer pro TEN OF the Bor-
der City and John Brown Clerk and
Treasurer pro TEN Of the Sycamore.
1t was deemed advisable by the direc.
tors 10 pay no debts 10 either operatives
or others ut present under the bankrupt
Law OF the United States as well as the
State law. Help will all be paid in full.
Everything possible will de done by both
companies for the benefit OF their credi.
tors. Efforts will be made by still sol.
vent and honestly managed corporations
to maintain their hold on the public con-
fidence, and 10 this end measures will be
taken 10 reduce their Indebtedness by IN
increase Of the capital stock.
The directors Of the Duval Mills de-
cided 10 call meeting Of the stockhol-
ders on the 1st Of May, when the capital
stock will be increased TO s270,0OO or
100000.
Mr.. Chace this morning stated, regard
ing the reported confession OF Hathaway,
that he (Chace) had received $500, 900 Of
the money. have not had one dollar
from him in three years, except $4,000
that accepted at his anxious solicitation
few EVENING" before my downfall. When
/ informed him Of the circumstances over:
hanging me, be replied: I'll you 20, !
must 60" and finally begged mo to take
the money.
ARREsr OF HATHAWAY.
George Hathaway was arrested this
evening on a charge Of embezzliDg $780,
900 from the Border City Mills. He
plead not guilty, and was bound over and
will be taken to the Taunton jail tonight.
rsTESsE EXCITEMENT.
The feeling Of indignation against the
defaulter Hathaway was greatly intensi.
fed to-day, particularly among the
smaller stockholders, who are principally
mechanics and laboring men, and had in.
vested In the stock Of the Border City
Mills their small savings, the results OF
years OF dillgent work. There are ru.
mors that threats OF lynching have been
made and Of taking the Law into their
own hands, and undoubtedly something
OF the kind would have happened had
Hathaway been allowed foreman al his
residence another day. His arrest was
accomplished this afternoon and so quiz
etly that few were aware Of 1t until the
prisoner was on his way 10 the Taunton
Jail
The scene at bis elegant residence,
when the officers made known their err
rand, is described as heart'rending in the
extreme. His young wife tainted away
and the prisoner broke down completely,
shedding bitter tears. Since the refusal
OF Hathaway to make statement to the
directors, very little has been learned
definitely OF the extent OF the complica.
tions. It is generally believed, however,
that Chace received al least two-thirds
Of Hathaway's stealiugs. 1t Is thought
that the liabilities Of the two mills
will be nearly equal to the aggregate
wealth OF the directors or about
one million five hundred thousand dol
lara. The widest rumors are rife In the
city OF existence Of ring,and although
the business community bids fair to be
shaken to the foundation, it 10 the gen.
eral feeling and belief that the true state
OF affairs Is at length to be arrived at.
A rumor is generally prevalent that one
OF the prominent directors received SSS,-
900 Of stolen funds. Since the failure be.
came known, It has transpired that he
made desperate effort the day be.
fore his failure to secure loan
Of $4,000, aud he has since stated
that II he could have secured
that amount before the collapse he would
have been saved. II Is acknowledged
that all the directors Of the Border City
and Sycamore mills are ruined, with the
exception OF Chrrles P. Stiokney, who
loses Sl50,o00 for his Investment Of $ls,-
900 10 the corporations. The Providence,
New Bedford and Boston Banks, Of Fall
River, are probably involved, but the
officers are retricent. dreading the dis:
trust Of the people. The First National
Of Lyon holds $4,000 Of the paper Of
4 Al