The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-03
MAJOR CARY's STATEMENT.

Mr.. Il. w. Cary makes tho following state
ment relative TO his conduct as member OF the
ntm of Richardson Cary:
Tho gross misreures entationa nf my eharao-
ter and conduct circulated through the press
I'm, + neeeasary e. that should make brief etate
mont of the facts for the beneftot my friends
and tho public
Richardson h Gary was due. In any manner. 70
tho causes stated. On the CONTRARY. the aple
cause thereof wns to remove ,he obs1a".e WIEN " t
nv engagement In active business placed IN the
way nf my efTeoflng mn nrrRngement 81 my OH
liabilities as n membeI OF thg llrm ol wallace
Gary aud to relieve Mr.. Richardson from any
hmt1ai fnhsmspt by proeeehihgs hRains' mo hs u
member tf the firm.
This dissolution was made with the distinct
If aahs as Il. had ID
establiahed and In the menntlme as an EN-
rlore re'aInsd practically the same position "a
muoh Interested In tho credit Of tho nrm and Of
MIR Richardson ma / Ind ever beeu.
Outside Of the legal liquidation Of the affairs
embarrassed myself hy undartak Ing tho nor-
eonal settlement Of certain confidential debts,
partly contracted through, my Influence and
which felt In honor bound TO pay,
Under tho pressure Of these enbarraesman's.
while member otthe fir,n of liiehardson& Cary,
/ negotiatol u certain pnpar, on whiob placed
tha nama 81 That flrm. and ueod II ns collateral
for tho puruoaa of raising money. AS tneee
col al ernia were reslTed IN ono quarter |. IN
other 80,
fact Tint ! furnished Mr., Richardson with m
| lndemnifyiuG bond Of slo,ooo against any liza
bIlity un account OF such indorsemnnta.
II Is absolutely untrue that yer executed
nn,',n H. lsaointion 10 I,ti ,a,' Of tho rm. 80
| | ednt that us'np the paper OF tho hrm OF
which was n member for my own pufpoHes
| But II II not IA crime. aa has boon insinunted
nor is II e. uncommon M to, make II thessnbleft
Of SUCH denunoiation aH have , been m annlseten as,
/ lo defrnud Mr.. Hichardaon or my olhnr person.
| / felt perfectly confident of NV ability to pro,
vide tor the obligations assumed by me anh
not wlthntanding the injury to my credit result.
| ing from these public ISLANDERS, believe myself
able and am determined to eatiafy them in full.
Rlabnrdaon IA indorser, IN the drafr on which
/ raleed money through Mr. Cassard ts untrue,
as ,he draft itself will show. though Mr. jas
| aari may have been under that impression.
/ Without entering lsto minute artteulhrs. the
good faith and innoCanne OF that ttansnctton If u
apparent from The followl Ing fncta j; i, Thn draft
d merchant Of New York. supposed by me to be
of good credit, authoriaing me 70 draw on him
AMI now liz in the hands nf Mr.. Gaaaard.
drew tho draft for on,y s9hoO nnd atk"d and
obtained Fl, m Mr.. Cassnra only $1,000 had nc
| reason to doubt its prompt payment, WHICH
| was prevented by The fnilure. unknown IT, me
~ Tho drawee Aa soon as was notitied o. %.
protest and before the draft had been retnrned
from Nav York, [ Immediately refunded to tht
hnnk the $500 that II had advanced to mo. Ger
,anly there Ia nothing In this transaction &c
imuugn my good faith or justify tho sweeping
chargop that hnve boon made aRnin inst mo.
III tho heat Of indignation at tho unioundet
aspault ,lnon my character made by MIR. Rich
nrdlon, I demanded personal satisfaction
which No declined to give.
| Under tho adv vice Of friends have etermi inet
TO suspend further proeeedings In this direc
tion for tho preeent until ! lraya mnde an Nor
10 effect an honorable md satisfactory settl le
mnnt If these financial affairs which | nm do
tormined to do, 40 TINT neither Mr.. Kiehardsor
nor amy ono olae shnll su!fer tho loFs OF n cent
public to rest assured TINT shall thoroughly
vinicnte tho good character which. trust.
1 have earned ns IA citizen and business mum.
| q. w. UhRY.