The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-02
NEWS OF THE CITY
SERIOUS CHARGES.


Tor some time past onr commercial oommu
nifty haH been disturbed with whispered words
concerning the nausea Will Il lbd To thn recent
sudden dissolution Of the firm ar Richardson \
Gary. Wholesale dfy naoda danl.rs. md charges
having been freely circulated concerning Major
Gary and hia withdrawal from ths firm. TO
porter 81 the DEMOCRAT nAIa ah Investigation
OF tho affair. with the following result;
The first gentleman wae Nr. John J..
Richardson. Mr.. Gaty's lite pnrner, Tint
gentleman begun by eiaitnR TINT Mr. 0ary had
never Invested dollar IN The lffn. sud that he
hAd simply been tkan ~ nm associate. owing ia
his personal popularity md tl4 far tbai he
controlled Il gootiIy portion of tho trade. The
Arm was dissolved on hethrteenth of srptem-
Der lust md III u very summary manner for
the following rnaaons When Wna made aware
or Mr.. uaryH improper transactions told him
TINT he Ind never put u dollar LII tho flrm. and
TINT ha must withdraw Immediately The no
tnE uf dissolution WIS then 1rtwn III. aligned
ny Mr Gary and myself. and duly nnnllahed
You must understand however,, that tho firm
is not Involved n alnNla cont hy Mr.. IAty'a
transactions,
KnAr proceedings wills letter from Flash.
Preston A Co. informing ms THAT ihav hold d
slight draft for $1,000 drawn ~ the nrlar y lt1nh-
of Texaa. The letter went On Il state That They
had loaned The money - Mr q v. any, nni
rave thrr reasona az haylnx nasoIn,aa the
the nota. A. soon ~ the firm was dissolved
drait notes to- various amounts ann,manned to
How lii. NIL 0f Which diEelalmad any knowledge
pf some pf tho notes mud drafts are drawn to
hta. own order. aome to tho oraero Of others md
IL faet in every davisahe amer; They range
In amount from Alnnu tn $4,000 the lhR being tha
largest amount know HI.
Mr.. Richardson added TINT there wero a mum
Dor of these transactions Tint he was not ~
lowed ~ spnnk Of NJ. they hai ben given 70
him IN condolences HI nevertheless gave tho
reporter TIE narnea q MaHHrs Flush Pr".ton Y
bank and the Mechanic md Tsaie,s' Bank.
me- some ri tho parties interested.
Flash. Preston y Oh. wern nrat visifod regard
tp make n statement. Huyinv thet their traneae.
tlon with Mf. 0ary haa hesn settled by that
gentleman.
The next gentleman soon WINS Mr.. Latahford
He atated thRt II he had amy transaction with
NIL. uary. and lnat. II waa hIA,Wn huaineaa5,
mania Nsaha wv ns xle n 3.a y ma ha a iha,
Eantloman atat.h thnt tlla bunk hid held alKh'
drai pn 4, H Porter Of N1w Yn1k 5 ~ sanaa
r, Richardson This motto. pn being presented
tn New York. was protested On tna return q
The draft. 4 bsinR presented 70 alr. Richardson
being informed that tha draft had haen pro-
tented and returned. Immediately called at the
me next note was held by tue Mechanics and
Traders fnanrsnne COMPANY, Ihs ptaro q
aSa st oary md a NaT asaog
n Gary. per q. w. Gary. Mr.. Richardson
having refused 70 pay Tile note i was protested
There are reports Of anme. other transactions
but in the absence Ut full Information no refer
ms aE, y h them a. III H. ns, ~ ii,
porter. snid TINT he WAS not Mt present pro
pared W ~ into. details, but afigmnizad tht
added that when the Time came hi would b,
ready to vindlunte fully ha character.