New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-27
DISAPPEARANCE oT 4 GRAIN DElLEF.


WILLIAM J. PHILLIPS ACCUSED OF FORCING WARE
HOUSE B,Np~-ErMoE- or SUICIDE.
Rumors were rife down town yesterday re-
aardiug The Disappearance of William j. Phillips, grain
dealer whose failure vas posted m the Produce Exchange
Oh Friday That III Phillips had disappeared was be-
voud 10. doubt; but OBJ, umor that he had committed
suicide could not Ice verified. II that of LATE
ID. hl. been raising money forged warehouse
receipts The amount Of his transactions IL
This Inc was NOT known, hat the amount
involved H supposed be large lie has also failed to
cover his margins with several firms of grain brokers.
HIS failure is attributed 20 The recent rise in wheat
which ae is said 20 have been heavily short" of .a-o.
Among tie banks from which Mr. Phillips is reported To-
have obtained money on forced warehouse receipts 1re
the Produce LXcu NO. The Corn Exchange and the Man.
haitian Company. These receipts were made out on
blank, printed in imitation of the genuine ones. In some
eases tley Said have been made out for larger
amount of grain than the warehouses able To
contain. Mr. sherman, cashier OF the Produce Exchange
Bank. sail tpa TRIBUNE porter: Yes are Interested
Mr. Phillips To- the extent of 5000. lie has got that
much from the bank forged warehouse receipts. They
io- -four which hc represented himself IS having on
storage az tAe warehouses OF Ahern Bentley He has
been drawing money from these receipts since last
March. A. soon heard OF 1Ir. IAiupss failure we
showed tine receipts Ahern Bentley, and they were
pronounced for-eHcs"
philips Was indebted to Mcintyre Warlwen,
~ No. - Broad-7t., I'm the sum Of S2,G+6 -
for margins on wheat, which be failed TO meet,
1g' to irving T. melt co. no. soonest. lu Oh" sum of
tlIi' Mcintyre Wartwcll got IA attachment from
Judge bonoluc ~ the supreme court on Phillip proper
t+ l'ilG j. bennrtt entered stlt against Philips Tor
breach OF contract IN The delivery Of merchandise The
original claim OF " .iutvre q Willwel against Phillips
amounted to rl.t+b %, but they also hold "a claim
of =. 49, u assigned 10 them by Henry W Wltarl lA
l. Il. Lamberr treasurer Of the Grain WarchOu-ing
company VINO YI- special partner OF ihllup,5 TO the
extent ~ $4,000 said that the affairs ~ the fra hal not
been thoroughly examined ard he could give no parucu
la. but thar by Monday he hoped To know exactly how
matters stood.
philips liz. been in the grain business In this city since
l-J5. lie S tprY-uuo years OBI. and Aa- a we ANA
family. Tie mas been member OF the Produce Exchange
since lf- 0rid'Ou and 40 time secretary OF tue
organization. r also has treasurer or the cK
change Previous u A- failure he .oOaed upon IN
business circles ~ the most respect table men IN the
grain trade. At Mr. Phillips house, No. 20 Beekman-
place, last ut nothing was known regarding him. On
Friday be wrote letter % the officers OF the Produce
Exchange guug bis position - member OF the Com
mlttee Information and statistics. HIS brother who
lives al Perth AADOy, 10 the house on Friday Bght
aud told Mrs Phillips that her husband had Disappeared
Mr.. Phillips has not been home since Wednesday night