New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-03-01
SHORT IN HIS ACCOUN Is.
, npr,c1r OF $4,000 DISCOVERED.

A DEFICIT OF $iOOOo DleOo' EnTo'
rur 1.ry SECRETARY OF THE MANHATTAN FIRE
,xstrRASCE COMPANY DEFAULTER.
Io.;s p Carman formerly secretary OF the Man.
haitian Fire Insurance Company. oil NO. % "ali-s,'
whuse disappearance reported to the
ooloe on Tuesday, has been iouna
10 be defauter to the extent OF
nearly $4,000. Tie discovery was accidentai. Al
though he was dismissed from the employment vi
the company at the beginning of the year. no su'-
nic,ou OF his honesty was aroused until "ith'n a
few days The TACT that discrepancies I'D us ''o-
commits had been found was carefully cohcea gu ny
oficera of the company until yesterday Az
n meeting of the directors yeserdtv aI'ornoo"
the resuit of an expert examination OF the COM
nanv,s hooks was made known and the prooao'e
limit of the late secre'ary's populations nAeu.
report OF the company's affairs. to be suomi''eo "
the Insurance Department, was comPie GU 'u
details of this report were refused for puphca-
tiop. II is understood, however that 'Lo
entire capital of the company-t2oO,oo o-has peon
lest aud that only by the most risid economy VIM
he assets be made sufficient t. meet the haol'eS'
az this laroe depreciation of over 100000 within
year the defalcation of the former secretary ac-
counts for only $4,000, and 1t mas
been learned. in the course OF the
nyesticato that this extends over tie last ten OF
twelve years
Tine company decided in October to retire from
business. and effected reinsurance OF us riShs
with the Phenix, OF Brooklyn, on October IL
committee consisting OF Abraham L.
NJ Roome, Edgar w. IroweH anu
Charles Taylor was appointed to close up
the company's affairs. According to the previous
annual report the company had surplus OF over
$4,000. and by the hslf-yearly report on july l.
one OF SIS OOO 1t was said at the time OF the REIN
IL fnpk
paid in full. The committee discovered
after a while that the assets were less
than had been supposed and to account for the
shrinksge they recently employed an expert ac-
countant to examine the books During thls inspec-
ton traces of thefts by Carman were discovered
and followed. Precisely how the money was taken
is not shown, but the discrepancies appear ON Inc
books IN sums of 81 900 and $4,000 They were
concealed by forced balances in tine cash ac-
count. o;.A
Carman who is a nephew of Andrew J. smith,
president of the COMPANY, was secretary Iof nearly
for n few years. He mad risen steadily
from a subordinate clerkshiP. ln the Ias5 year
or two he became diSSlpateu anu us
Sscbarge in Japuar, was due to his e, il habits and
not 20 any suspicion OF his honesty -.
The committee on Monday sent "A request 10 insur-
snrn the aaIrs of the company. AID il IS expected
that he will be III New-YOrk to-day. On his arrival
the committee will pres mt Its FeP per hoo ana
Tue directors have taken no steps tOWarI arItsllhs
the fuglve secretary pending the actioh OF the SUI
permtendeut. they SAID yesterday tnat the COM
many could not possibly recover anything from hlln
Tor the simple reason that he mad no property
and probably little money. IL Is suppose ~
by them that Carman spent the money as iist as ho
stole 1t IN his personal expenses lie IS not known
ever 10 lave speculaled III Vail Street.
The loss of the capital STOCK, Il Is sald VIII not
fall heavily on any person. The largest stock
holder Is President Smlth, VINO NOUS ABOUT
100 shares. The capital is distri outed so widely
that the average holding IL about sixteen shares 10
each person IDe company stlll owes the fheuX,
of Brooklyn. about $4,000 on account OF Teinsut-
ance, but the assets 1t - Deeysu VIII De
$500, 900 ALREADY. ~, .. A.. H..
mer, SAID yesterday that he had known MI. Carmah
TO keep away IRON his home for week az a tlmo
when ne was living IN Harlem. " lie Is SIMPLY
keeping out OF has wh ent , %ay, f for
him His uncle, the president, expresses no
CONCERN as TO where he is guess he bias got enough
of MS nephew. There is nothing wrong III MS &C
counts as far as l know, though thdI cannot De
made certain until the report Of the expert VINO
is examining the books Is made. A., -. 49,
Mis- Carman has been staying Tor the last thIee
DAYS wi IN An acquaintance at NJ. l,||0 broadway.
She Jeff the house yes eroay afternoon, ana the IN
mates were unable to tell where she hau gone vi
1ynen sbe Wouid return Neither could any IufOt-
NATION a. to MIR. Carmans movements De elIol'eu.
MIR. Carman Is faid s,s[ 10 nav ps fS3eSinso U
in Harlem The mouse which he formerly occuPieu,
No 90 East ODe-hundred-and-eleVehth Is a
ihrce-StOIyJ u-StViO i
now unocc pied. 4 policeman in tie neleh6ornood
said to a tribune reporter, yesterday, tha' O"uan
was addicted 10 drInAiDg ana ina Oh sucn oc "a a
sioDs he aud his wife cOulI be heard quafremg from
the street. The missing man Is thirty three
wears old, and is bald. He wore when
last seen dark SUIT, gold Walch
with black dial and monogram, GOLD chaih anu
looket anu diamond S I'D and collar Dlttoh' ne was
member OF lvanhoe LOdge! NO. olV anu a ~ i
knights OF Pytnias and OF Ancient Chspter, no ~
A. a. 81 Mrs Carman is native VI reekSkIll'
They have been married about three years, beio .
M. Car,nans left the house i'll ODe-nundred-and-
ejevenfh- ST their furniture was sold at auction.
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A WEDDTNG YESTERDAY,