New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-08-14
RUINED FOR HIS SONS SAKE.
. MANUFACTURERS FAILURE AND FLIGHT

Ube
.bat Henry Hall ST., one of its most proinnel'
oi+;zons and manufacturers has gone under Win
liabilities estimated from 100000 to SIouVVV,
cd urder circumstances of the most aggraNa'eu
ohoroc+or which have compelled him to disappear
Henry Hall came to Woodbury. only ie" l1i'0
from Highland Millsin s63, and began 'ne manu-
fscture of fish lines The goods turned ou' oS iiln
were f,st-class and when sportsmen anu a"siV''
wanted outfits nothing suited them 80 "0, -
Halls lines In 1860 he moved to hlghiahu Hi
rvbere he established factory and employed aoou'
.r+v-eve hands His superior goods sold all over
tba world and he made money. He became during
+bo +,ven+v one wears he was In that section Ilo
most popular man in it, Although an tplScop"n"i'
and because there no church OF that uon'''i
nation in the place, he identheu hiii''-
with the Methodist denomination, ana soo"
became a pillar IN the local church nc
lied economically at home but outside
was liberal and charitable to an extreme ne vac
olwavs 70 the front when the Methodist chuIch
ro. IN financial straits and AT one time he ana us
Go, ,raranteed the pavment Of the minister salary
if+ +be conference would let him remain al hlghlauu
Mills He was regular in his attendance AT chuI'n
and Suqdav-school and always Interested nn"s,ii ,
daenIv in the work When an excursion lor .no
Sundav-school children was talked OF MS PocN''
hook invariably opened wide and when tne nln"No
wanted band he put down 5000 TO nuy tne n',i" i,
liberalitv became proverhial aud hence ms r'pu'"
tion spread and the whole surrounding country
Lnev Henry Hall only to respect him, lnsteau'
however of keeping his mind upon his legitimate
busncss which paid last year on the capilal ih-
vested about seventeen per cent 1t ramoleu lh'"
disastrnua speculative groove, ana to-daN NJ ~
,,,,y, fr,n iustice His operations partake oi
,ho character of that employed by Grant N"u
:, Voo York They raised thousands of dollars ON
n,ythirnl contracts and he has boon doing tho same
thi,s ON notes made by pcruoua Who ~
Car as can be- aScertainod. have no existence
npd while It appears that few m'lN"u''
will he sunerers the banks will lose the mo't' ln'
factory is now In the hands of sheriff MhH' VINO
has levied on all the stock and materiaia IN"
chattes he can put his hands ON IN behah oI l lho
National Bank of Newbmg, which holds So-''uo
" Halls paper, much of which Is prohouhceu
bogus
A SONS CHARGES AGAINST HIS FATHER.
Henry Hall IT,. said to-day THE Henry Hall
4 Sons Company was incorporated IN September
lss2. with paid up capital of 10000 lhe com
panv is solvent and matters can be straigh'
cned ont will be shown TO be So The old gentleman
WIN is now sixtv-nine years old has been president
of the company since its organization. IN AprH'
lsSl before the company was Incorporated there
arose some discomfort in the family because 1ah'r
was bent on bringing Alexander G.. Hail. the
another brother who is living in New Haven ana
is now student in Yale College, and who with
father and myself constituted the firm. opposed TINS
ON the ground that we had wrought our pos'ionS
in the establishment, and Alexander Aad aoSolu'eS
never done anything for the quarter interest ialheI
wanted him to have. Father seemed bent on putting
tbc Younger brotherintoa profitable business some
where aud 10 this fact can be attributed much OF MS
present trouble Well the result Of our opposition
was that father took him along III Septemheroi the
sor,e wear 10 New York where he put h1n IN with
l. Hvues 4 Co.. a firm of brokers that was then
orpanized Father furnished the capital and they
furnished the brains to do business with In the
course of SIX weeks or ia her lost by that opera
tion from 50 600 to $4,000. Then father branched
Of into real estate SpeculatonS III NeW-AorA ana
also in various other specuations with patents.
Then from that in which he had the boy assistance
beassociatcd him in the fishing tackle business with
himself at No. 1913 Chambers-st, Nev-Iork. In
eacn of these different ventures father lost from
$4,000 toS1O.O 900 and $4,000 which from his IN
come here he could not stand.
In the meantime the Old gentleman kept dckerlng
IN uptown real estate in NewYork, where he built
several houses and had around him what | call lot
OF skins who playing him for all he was
worth In lssl he was not dollar in debt, the
contrary he was worth probably $4,000. Subse-
oueutly. however he began 10 raise money on notes
He steod good with all the banks who arc the
losers and he had no trouble to get discounts. He
Is fluent talker and plausible and
when he said TO the bank officers that if the paper
was not good Henry Hall would not offer il for dis
count IL was passed 10 the discount clerks at
once and he got the money. Gradually, of course,
his notes began to accumulate, and as fast rs his
debt grew IN the banks just fast would he pre-
sent notes for discount. On many of these notes
h. used the name of Henry Hall q Sons Company
without any authority or the knowledge of my
brother James or myself. We were acquainted
with the fact that he getting % pile of money
from some quarter and We supposed that some oi
The numerous wealthy friends of ours with whom
We do business were backing HIM in his wild specu-
lations and ndorsng for him. But the facts of the
case are otherwise. am sorry 20 say.
NEARLY ALL THE MOTIFS BOGUS.
The money has come from notes eight tcnths of
which we're undoubtedly bogus. The banks of
Chester, Middletown and Newburg and of New
York are the sufferers | know of three banks IN
kewburg. one in Chester ard one in
Mddietown that are involved more or
less So far can learn at
,he present time and | have just figured mp
those from which have heard only, he ha" notes
out amounting 10 $4,000, and only $4,000 of
that consider legitimate paper that can he real
i,ed upon Tho most of those held by the Chester
BANK are. believe, from information can CLEAN
made by fictitious persons who have no existence.
Tor instance. the cashier of that bank went 20
Now-lork last Friday aud found one person who
answered to the name ON one nOtc-a pawnbfokoi
way uptown who knows simply nothing about the
notes my father, or his business The same
person holds note made by Thomas Caiircy,
which Is payable 20 father. who IN most eases In
dorsod them with the name of our company,
Eleven Thomas Cahreys We're with the aid Of the