New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-06-15
d. IT. MIDDLETON'S STATEMENT.

WASHINGTON, June 1.-THE following
statement, prepared last night by D. w. Middleton OF
the suspended banking firm Of Middleton Co.. is pub
lshed to-day:
Ithas been intention and purpose to abstain from
answering the MANY unfair and unjust charges olrcu
lated and pubIshed but the statement IN t0-nght,s
sr demands reply oo IS aa IL 1ctman Of News
York has been IN the city only to vent MS rae Dy sur
ring up the community by what he SAYS he believes not
knows. The creditors nave appointed comnhIee o., on
prominent and would ne chailaDe 10 say tne
least to await the result Of their conclusions MI s. H.
Middleton has gone to the county Iof lhe hsII OF
should have him deny the assertion tha he says ne KNOWS
which he charges upon his partner. Mr.. Dichman is
poor to assume the position he has when his ae-
kept in his name our books as Tustin as
II this day. for obvious reasons His course too III
tienmenf Of our whole New-York interest as preferred
creditor viii probably lead some OF his recently acquired
friends to consider his sincerity only ask of our cred
itors to wait few days when the assignee promises
been lost We have lost great deal in bad Investments
and mistaken judgments alone, which, as far as know
explains all My immediate family are next to the
the statement my individual cause eff the failure
have at the proper time to give concerning Mr.
DIchman. freely quoted and looked upt
CHARGES AGAINST THE NIDDLETONS.
Ernest Dichman, of Dichman q CO., said
yesterday in regard TO his connections with the broken
firm OF Middleton & Co., of Washington: / have had
dealings with the firm for many years and until recently
supposed to be solvent and honorable. 1t was sug
gested to me that should establish business in New
York and after long negotiations which were broken of
several times the firm Middleton. Dichman Co., was
formed In October 1888 The Middetons were partners
In the New-YOTk firm. but had no interest III tho
Washington bushes. The cO-partnershp was dissolved
8lay % when went 10 Washington 10 insist on dis
solution The Mddlet0ns had not kept MS supplied win
funds, but the contrary had largely reduced thelT
capital in the New York firm. became alarmed and
forced dissolution OF the firm to pro- Get my own inter
ests Since Nav p have acted as the NewNOrk cor
respondents OF the Mddetons, but lave had no other
connection with them The present firm OF Dichnan *
Co is creditor to the extent OF about $500, and per
sOnally am involved over $4,000 on nv old account.
since the failure of the MddetOnS we have received
numerous inquiries from Washington about securities
supposed to have been bought by Us on orders nom
them. In has il been found that we received
such orders from the Middle tons Apparently they took
the money paid by their customers for these securities,
but did not buy them The failure in my opinion, will
prove OF the most disgTGcefu that has occurred
Recently The MiddletOns ought TO be indicted Tor en-
beZzlelrent, for obtaining money under false pre-
fences. have sufficient evidence in my possession,
think convict them, and will appear before the Grand
Jury at any time