Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-06-18

Gen Frank Morey and Mr. W. II. Webb. OF the
committee representing the creditors OF Middleton
d Co., visited the bank last evening and had con-
ference with the MeSSrSA Middleton and Mr. Green.
the assignee. Mr.. Green stated that IL had been
impossible for him TO complete statement OF the
affairs OF the bank. as many OF the accounts had
not been balanced for years He presented a pre-
liminary statement, which makes the following
showing: Liabilities, si65.479 - assets. nominal
SUB. ,.U9S5; assets, actual, $65,JO5. Mir. Green
said he would endeayOr TO have an itemzed
statement ready for the committee by Saturday,
which VIII include list OF the victims OF the most
disastrous failure, IL Is believed which took
place In this city, and which In many OF its
tal details is counterpart of Ferdinand Wards
| explosion in New York. The nominal assets,
named in the preliminary statement cover a yasr
amount OF worthless paper. known I'm the slang OF
the financial world as "catS and dogs" like the
lvanhoe mining stock, a Swindle which hundreds
OF NaShingtonianS have had reason to regret, and
which the MiddletonS manipulated sone years
ago. TO say nothing Of other "ssets' OF this char
acter, which amount TO over $4,000, The actual
assets in tliS preliminary statement Will pay the
depositOrS about fourteen cents on the dollar, as
suming taat they are are all available; but there are
promise 10 reduce the amount One-haf IL not next
TO nothing. One Of these is the legality OF as
S1gnment made on Sunday by the Middletons OF
| S35 900 TO Dichman, the member or the New York
| firm OF Middleton, Dichman & Co., OF No. 30, Wall
| street. This preliminary statement, therefore,
half million OF dollars. The statement that the
books have not been settled ior ten or
4
d. w. Middleton carried many OF the most
important transactions along with the other
"miserieS in his head" is equally Well founded.
One OF the latest developments OF the way
I'm which their customers We're plundered is shown
In the case OF Hon. James H. Mckenney, clerk OF
the supreme Court OF the United states Mr. Nc
kenney has been the close friend from bOyhOod OF
ID. W. Middleton, 1r., and succeeded Mr. Middleton,
ST., as clerk OF the court, and his confidence was
therefore unbounded In Middleton, 1r. His deposits
In securities and money with the firm amounted TO
the large sum OF SOL 000 every dollar OF which is
lost. They not only took his money In the general
default, but cut open the envelopes In which he
had placed his securities. such bonds and stocks
for safe keeping, and sold them. MI. Mckenney
has nothing but the plundered envelopes 10 show
for the savings OF lifetime, though part OF this
amount belonged 10 the court Nor did they spare
their own families. In another instance, $4,000
In trust bonds have disappeared I'm the whirlpool
There Is still another aggravated case. They had
power or attorney from a man OF means absent
from the city to attend to his business here, and
had the key TO his Safe On hearing of their failure
this gentleman hurried TO the city TO look after his
own securities He found that every one had been
sold. This safe was not I'm the MiddetonS bank.
Gen. Frank Morey, OF Louisiana, and one OF the
committee OF creditors, loses about $4,000 Friends
OF 5. L. Middleton now claim that In the fifteen
years he was in the bank he knew little nothing
OF its affarS-c0ntrary TO the prevailing belief at
the time. He says "D. W." did most Of the busi-
ness, while as. E." looked wise said nothing, and
posed around the "ticker.n There is strong talk
among those who have had their securities stolen
OF criminal prosecutions
The creditors do not expect ever to realize