Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1880-04-05
THE MISSING LINK
IN the HINGE coMpAsrsAcCoUsTs.
A Difference Of $4,000 Between Facts
ard representations Sudden Depar-
turs Of and Suspicious Against
[. {. Hanson.

II has for a long time been known, by
those in the position 10 find out, that
everything was not all right in the ac-
counts OF the Wheeling Hinge Company
The knowledge was, however locked up
. in the breasts OF those who knew, ana
was not made general news until satur-
day, when the rulnor vas current on
the streets, that l.. +. Hanson, Wee
President and Superintendent,
HAD SUDDENLY DISAPPEARED
and was q deiaulter TO the amount Of
some thirty odd thousand dollars.
With the usual avidity for such matters,
the report was taken up and circulated,
commented upon and magnitied with
the morbid sense oil pleasure found by
inhuman man in q fellow mans dis
grace. As such facts are generally
grossly misrepresented IN rumors, a
representative of the REGIsTER went to
hsadouarters, aud from the iniQrma-
ton there obtained We can present the
following rs the facts: ,
One year ago. last January, the Board
of Directors passed resolution instruct
ing Hanson to take an account OF stock:
For reasons best known to himself and
which may become apparent hereafter.
Hanson failed to do so. Toward the
end of last year the same dissatisfaction
became apparent among stockholders
and il was evident that feeling oil dis
trust prevailed and that the directors
would order the stocklto he taken. Then
Hanson began
BUYING Up STOCK.
He bought from A. Allen Howell at
mar. from the Peabody Insurance Com
pany at 81 10, and from others at simi-
lar prices When the stock
holders met in January, another
effort w'as made TO take stock. Ii was
found that Hanson's side had stock
majority OF eleven, and it being evident
tine stockholders could not accomplish
their end, they effected an adjournment
leaving the old Board in operation. No
order To take stock was entered, and
| Hanson said: They shall never take
stock while am about"
About this time, however, or short
while before, Hanson represented that
| the amount Of stock and material on
hand was So, 900, and that the surplus
WAS enough to declare divided OF . pei
cent, which was done.
After the meeting mentioned above
the Board decided to take stock II
March. but was induced by Han
son to wait until April LIST
| Accordingly, last Monday morning
Captain G.. j. Rawling and Mr.. j. Z
Brady began the work OF taking stock
By Friday, partial examination wa'
made and instead Of amounting to 81,
600, material and stock on hand onl!
counted up SIG, 900, showing a diflerenc,
| OF S2S,000 on the
| WRONG SIDE OF THE LEDGER.
Allowing Tor all possible deduction
i'm MIR. Hanson favor, it was reported
that the absolute deficiency on Januar,
LIST amounted TO about $4,000; bu
owing to the increase IN the business
between that date and April LIST, this de
iiciency had been reduced to somewher,
near Sill, 600. Subsequent researches
however, developed the fact that bill
of S2l 900 for iron used in the factor,
did not appear on the books at all, which
increased the deficit TO $4,000. Tn,
examination went only to January anC
more may yet be developed in time.
THERE Is NO PROOF YET
that Hanson is a defaulter and neithe
the investigators or the members Ot tn
Board will say there is. When the ex
animation is completed the rumOre,
charge may he sustained. His bushes
methods are reported rs being some
| Int,,0, hIa habit ,
throw his freight bills into the vast
basket, and to burn his checks and stub
upon balancing his books and it is no
unlikely further irregularities may bt
discovered.
MIR. Dave Baird, the bOOkkeeper, i
beyond all suspicion. lie has been re
employed bv the new board, who ar,
confident that he is all right.
The new Board Of Directors eleCtc,
on Saturday is composed OF G.. j. Rawl
ing, G. d. Hubbard. John McLure
Alfred Caldwell, DIR. X. W. llazlett, I
L. Phillips, George b. Caldwell, A. W
Campbell and John Frew. The Boar,
organized by electing G.. j. Rawling
President, aud Joe Brady, Secretary
The company will not be crippled b!
the discoveries but will 20 on as hereto
! ford.
THE BAD FEATURE IN THE CASE
il the sudden departure OF Hanson
who left the city on Saturday morning
iOr parts unknown. This step
prominent gentleman ondeavored l.
prevent, and advised Hanson I,
remain here, il he must be idle 70
the nexttwcnty years. But he persisted
in going, and went by the g. X p. roaO
at eleven O'clock
Mr.. Hanson came here from New
England during the war, Us a quarter
master, and remained ever since. Ill
represented the Third ward in TIA,
Second Branch OF Council, and has hel,
important offices in Cyrene Com
mandcry OF Knights Templar. He ha
friends innumerable about the city, whC
will wish the best for him, whatever DC
| GU 4.