The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1879-11-07
Maj. Cary's Statement.
His Explanation of the Circum-
stances Connected with Ger
tain Financial Transactions.

The following statement of Maj. Cary
of New Orleans, with regard to certain
business transactions, is calm and dis
passionate explanation Of the matter. and
should set at rest any suspicious OF
dishonest intentions on his part, We
know Mai. Cary to be an honorable, up.
right gentleman, and he would in no way
attempt to deceive the public or dotraud
his creditors. We take the following
from the PicayuHe of last Monday:
The PicayuRe has obtained from Mr.. G.
W. Cary the following statement, which
places the conduct of that gentleman III
Il different light from that which it was
regarded in the absence of the eXplans-
ton offered. 1t also sustains the belief
that Mr.. Cary was not actuatcd by bad IN
tpntions. but was the victim of an untor-
tunate conjunction Of circumstances. HIS
exemplary career as u merchant, ana ms
excellent standing in the community are
known to all.
THE STATEMENT.
The gross Misrepresentation of my
character and conduct, circulated through
the press and still more buSily by private
/ Sltlllltlt lel'lNI ~ utN'pNhiN hAN'
make a brief statement of the facts for
the benefit of my friends and the public.
1t is untrue that the dissolution of the
firm of Richardson 4 Cary was due, III
any manner, to the causes stated. On The
contrary, the sole cause thereof was to
remove tho obstacle which my engage
mrnt in active business placed in the way
of my affecting an arrangement OF my Old
liabilities as II member of the firm of Wal
lace a. Cary, and to relieve Mr.. Richard
son from my embarrassment by proceed
inwS against me as Il member OF the hrln.
This dissolution was made with the dis
tinct understanding that MS soon rs | bad
effected the settlement of those debts the
firm should be established, and in the
meantime as an employee retained prac-
tiealIy the same position in the establish
ment. therefore remained as much i'll
tercstrd in the credit Of the firm and OF
Mr.. Richardson as | had ever been.
Outside of the legal liquidation of the
affairs of Wallace x Co., and OF Wallace
x Cary, | had embarrassed myself by un-
dertaking the personal settlement of Ger
tain confidential debts, partly contracted
through my influence, and which felt IN
honor bound to pay.
Under the pressure of these cmbarrasS-
meuts, while IA member of the finn of
Richardson n Cary, | negotiated certain
paper, on which | placed the name of that
firm, and used it as collateral for the pur-
pose Of raising money As these collater-
ais were released in one quarter |, in some
instances. pledged them auew ia another.
| felt less hesitation in doing this from
the fact that | furnished Mr.. Richardson
with an indcmnitying bond Of $1,000
against any Liability ON account of such
Endorsements.
1t is absolutely untrue that [ ever eX-
ecutcd paper in the name of Richardson
~ Cary after the dissolution of the firm.
admit that using the paper of the firm
of which | was Il member for my wi pur-
poses was improper, and | regret having
done so. But it is not a crime, as has been
in%siuuated, nor is it so uncommon as to
make it the subject of such dcnumCiation
as | have been subjected to. l solcmnly
aver that it was done with no design to
deflaud Mr.. Richardson or any other per-
son. | felt perfectly confident of my abil-
ity to provide for the obligations assumed
by me, and Notwithstanding the injury to
my credit resulting from these public
ISLANDERS, | believe myself able md am
determined to satisfy them in full.
The charge that ! used the name Of John
=. Richardson as indorser on the draft on
which | raised money through Mr.. Cas-
sord il untrue. as thp draft itself will
thonnh Mr.. rassorI may have been
undnrr that Tmnrrs.inn Without cuterino
intn winntn naItirnjors. thr GOOD faith
and innnrrnrr rf that tr9nsnrti0u is an
I,,rrnt t,.1m fin. f]oIIowin" facts The
v,s drawn on TELEGRAM from MIR,
w Porter = merchant of Nav York.
snnrnsrd Inv me to he of GOOD credit, au-
thnniIigiuw me- to draw an him. o+ sioht. for
ss5HIH r,5;nLI ,iisnatoL was ,,lncaL nnI i.
row in tLe hands of Mr.. Cassard. drew