National Republican., 1884-06-14
MIR. MIDDLETON DENIES.

The Charges OF His Late Partner Char
acturized NJ Maiiciously False.
sensational statement was mado yoster-
day by Mr.. Dichman, of the firm Of Dichman
Il Co.. formerly Middleton, Dichman & Co.,
Of 80 Wall street, New York, in regard TO tho
failure of tho Middleton banking house, of
this city, II was stated that tho failure was
ono of the most disastrous on record,
and alleged that property left for safe
keeping, good margins on stocks, charity,
funds, all of tho deposits, and, in fact, every
thing, have been swept away and used by
this firm, until IL is doubtful if it pays cent
or even mill on the dollar. Also that
money. left with tho firm to mako purchases
was passed TO their own credit and spont
Mr.. DiCkman said, in reply to inquiries, that
he did not believe that the missing 100000 or
100000 was lost in stock spoculations or on
bad loans.
1t was further reported about town that n
number Of civil suits had been instituted,
and that some of the sufferers had appeared
before tho grand jury with Wow of be-
ginning criminal action against the firm.
A reporter Of tho REPUBLICAN called at the
residence of Mr.. d. w. Middleton, 2li Now
Jersey avenue, last night Mr.. Middleton
handed him the following written statement
in answer to statement in an afternoon
paper:
1t has been our intention and purpose 10 abstain
from answering the nauy unfair aud unjust
charges circulated and published but to.nights
&l's voluntary demands reply.
The statement in the star Of this evening Is as
false rs any language could make IL, D,chman,
OF New York, has been in the city only To vent his
rage by stirring up the community by what he
says he belierCs, not knows. The cTeIttors have
appointed q committee OF prominent citizens. and
II would be charitable, to say the least to await
the result ftheir conclusions.
Mr.. 5. II. Middleton has gone to the country for
tho night or | should have him deny the asser-
ton that he says he knows nothing Of the use of
the securities Of the bank, which he charges upon
his purtner-Mr DiChman Is a poor man TO as
sumo the position he hns-when his account was
kept In bis name, on our books as "Tustin,' as 1t
is 10 this day for obvious reasons.
His course, too, in forcing S. L. Middleton and
myselttu make him an assignment of our whole
New York interest us preferred creditor will
probably lead some of his recently acquired
friends to consider his sincerity only ask OF our
creditors 10 whit few days, when the assignee
promises full statement, which will show where
the money has been lost.
We have lost great deal In bad Investments
and mistaken judgments alone, us far as l know,
explains all. My immediate family are next to
the heaviest losses which certainly will show the
OF the failure. We have more ut the proper time
to give concerning Mr.. Dichmnn, now so freely
quoted and looked up to. D. W. MIDDLETON.
As the reporter was leaving he said, 81 am
glad committee of honorable citizens has
been appointed to investigate the causes of
the failure. Until they are through with
their work it is uncharitable to make the
untounded charges that have been made
against us of late" He characterized tho
story that several persons appeared before
the grand jury as an exaggeration.