The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-04-05
CRoOKEDNEss EXPOSED.
L. E. Hanson's Administration Of
Affairs at ths Wheeling Hinge
Company.
Ia Heavy Shortage Brought To
Light.

On Saturday evening last tne toWh WAS
treated TO genuine sensation in the
shape OF rumors tothe effect that L. Z,
Hanson, Superintendent Of the Hinge
Co., had. skipped out for parts unknown
and left behind him heavy shortage in
the finances Of the factory. These rum.
ors soon took reliable shape, and 1t proved
to be true that an investigation at the
works had actually revealed the fact that
Mr.. II. was heavily short; that his Janu.
airy statement was more than one-half
bogus, and that instead Of being in shape
| to pay a dividend in January, the capital
Of the Company was really impaired 49,
900 at that date.
According to Hanson's statement to
ttLe stockholders in January the stock on
hand amounted to s54, 900, but, according
to the account as retaken by Capt. Q. ].
Rawling and JosephC. Brady last week,
| 1t was shown to have been only about
$4,000 at that date. This discrepancy
was reduced, during the run oil the fac
tory from January to April l, to $1,000,
and this was the shortage IN tue s'oea VI
April / which the report Of Messrs. Raw
ling and Brady disclosed. Just as the
10 - 49,. :. .,,oi, ,naot,no on Satur.
day afternoon, were congratulating them.
selves that matters were no worse, advices
or,;vad from Pittsburgh showing q bal.
ance dne Painter & Sons OF that city oil
sol nm which increased the shortage to
500 M This damper was succeeded by
onntbsr one. after the adjournment OF the
satins in the shane OF a maturing note
- .ha Rant nj the ohio Valley for s., 800
AZ al III ~ eSs sbortaoes together made an i'm.
.id an 100 IN the canitsI stock OF 1000.
"a a' iar as Known tbis IA he extent Of the
~ na NJ MT and Il IA certainly bad
ananoh
Ths capital is $4,000; the stock on
hand IL s3l 900, and the bills receivable
and accounts foot IN S35 900. The factory
md real estate are charged on the books al
S sSS o M, So that II the extent Of the i'm
ns;rment Il onlyls42, 900 (and It is now be-
f;are5 That Il IL not materially GREATER the
I'm corn will continue in operation.
M conrse there was great surprise and
,S;,notion among The stockholders a,
tha;s mest;ne on Saturday over these un.
LII nelaon,e J;scoveries Perhaps we ought
". me ~ ,Sot there were those present who
IA got seem verv much surprised. Fol
ai Iar M t; nan mast anne Of the stockholderl
,ba company have suspected that Mr.
M,ason nos crooked man. They have
Ias as tvo =" or three attempts at differen,
.;s a IN Nv" one shane and another. To get Al
nt have naver been successful unit
I Ian,,a 80 Last and we're only partially sue
oa a tban owing 10 the fact that he hat
ess se. sI ,,onay and homoht enoueh stock
" aon,.al Tho election md postpone ar
70 eo This he did Inv means Of IN
} anroSasas ard the heIn oi stockholdeTl
pbo bsI;eveJ in. him. His position, how.
arar AZ the January meeting was so ex
es.r, ~ an e his condnct az oyerbearing
that 10 Iost strength, and II turned out al
tha na 70. ,oest;nc If he hoard Of director
tLe. Sa Nos WILING that an Investigation
: sLas IA .ase Mace in March instead Of
InTv Tn con;no down this neg he un.
Sar;oot N NAV q little game Of bluff or
.sa boa-S bv 3ffaring ia resignation. on
.he p .sa.a,s s that he had heen offered Z
sne ,t;o "se a. a b;oasr salary nv Row & Co.
lsua avaanrIac,5sers al Troy. N y. ThiI
IA Snns onca heiore and tbt
ne nsu .onSa a snccass than Inf thi,
e V to;Ied The hoard laid FL,
.lnne ovsr ~ await the examination Il
MAYER e oi ia IL oon a This Aid not anti,
AIT ,ba late snnerintendent. and accord
;neIy at The next meeting. under the ap
naysnt anprebension that the board hat
pat hscom p scared enough The idea Of los
;ns b;s yainahIe services. he Withdrew hi.
ras;snation and from that lime on. as Il 4
tsas,n,ad bsgan IN set things in order AZ
ia bs conId IN meat the necessities o.
~. yeet .itnotion He constantly maintained
t tSe s, raia ot ininrsd Innocence tellins
sto.Lboideys and ontsiders that he was
sbe n;ct;,n ~ narsecntion Inv a small lac
.in e IL tha cnmnany
va a. tha Iannarv meeHno M the stocI.
hoIders No election Of directors was mad
Eanson be;ng strong enough AT the meet
inc 10 datest an inyestieation by ii yotes
IN : " no J If over o00 The opposition e
M, r a. Tho hest thsv conld do moved and
c.rrisd an adionrnnent, and thus leftthe
oId hoard in existence. On Saturday last
tha sIect;on that should have taken place
IN January came al. and The result was
tha ssIsction If a new hoard. "a follows:
q n Hubbard. A. W. Campbell. q. j.
Rawiino, ,Jobn McLure. Geo. b. Caldwell,
Alfred Caldwell. John Frew, r. W. Haz.
iett and n p Phillips. The five last
named gentlemen are new members ofthe
hoaTd Sr Hanson's stock was NOT voted
on saturday and the election was prscti.
ticaIiv nnanimons. He himself aid NOT
answer IN The roll call having ieit The town.
Garnet sack in hand. by he ii o'clock
train IN The q. e p road for parts nm.
Snoun. The last heard from him was IN
the affect that he was nm bis way N Nav
YORK sS ~ 80
The fires will be lit as usual in the