New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-06-07
FAILURE OFEX.GOVERNOR HALE.
LITTLE SURPRISE CAUSED IN NEw-ENdLAND-A
WIDE DISTRIBUTION oF DRBTs.
tnY TELEGRAPH TO THE TRrBuNE-]


RosroN June 6.-The announcement OF the
fa,,pre Of ex Governor Hale Of NewHampshire was no
surprise to many Boston business men, MI. Haze mas
been an unusually energetic. pushing man. lie ouii'
q largo fortune. mainly through the mahulao'u'o ~
chairs and spools and had he been conten9 ne nish
have lived and died rich. But like many otheIS NO Nv
ouired mania for speculatng and invested largely IN
nnnroatable real estate 1t is not known exactly what
his liabilities are they estimated at not far from
S5OO.Oo0 Three Of the National banks In keene are
said to be creditors as follows; Ctzehs' Slo'ooo'
Keene National SIS, 900, and Ashuelot National SIor
OOO 1t said that of the amount owing the keene n"
tonal 81 Q 600 is secured by the chair company The
Cheshire Provident Savings Bank Of keene Is said 10
hold S3 600 of his paper the First National OF Frances
town. n H.. S3000j the Wachusett Bank OF fl'ch-
burg Mass IS, 600; the Monadnock National BANK OF
East Jaffrey NJ H., $4,000 or Sl2'ooo' ana
the Winchester National Bank, Of Winchester
$4,000 1t is said that many other banks
in various places in New-England hold Hales paper
to greater or less extent In March, j. w Johnson OF
the Gurney House. Boston had his lndo6seinent& o & on
S65ooo Of Heles notes buy all except endos aS BoiT
ana Frank JONES' OF Portsmouth, have indored notes
for Mr. Hale prominent business man Of G
financial standing. fled over his own SIGNATURE IN bau
streets agency. showed him 10 be worth SoOoVVo anu
debts of any account and that one year ago o s o %
statement IN the same arenoy made nm worth @'oVooV
with liabilities of only 100000. -.,,.... =,
II is believed that there many private creditors III
Keene The house IN which Ex-Governor Hale lVes cost
nishng il about s75O 600 The only assets I'm Kecne are
said he this property and the land and water power
privilege OF the burned chair factory For two or thce
years almost every investment that Mr. Hale mas m'ds
has been losing one. He boueht a large amount OF
land along the route OF the Winthrop ana POINT
Shirley Railroad Boston but he has not been ahe 10
sell any except at great sacrifice some years ago
Mr. Hale lost heavily in the Manchester ana kcenc
Railroad. The OF the failure produced SENSATION
n Concord following closely Rs 10 did upon the btll
liant ceremonies OF Inauguration Day, in which Mr'
Hale bore conspicuous part but business men IN Con-
cord who intimate terms with him say that the
failure Ia not a surprise 10 them.
LYNN, Mass. June (Speeah.-Ex-Govcrnor Hale
OF fNew-Hampshre who failed yesterdaywas the largest
the Winthrop Shore Railroad. Interesting HIM
self in the enterprise TO develop great amount OF real
estate owned by him near winthrop The railroad has
never been a success but the ex-Govcrn0rs FUNDS al
lowed Ii run few months last year Ii is nov doubt
ful IL all this and there viii be no extern
this city proposed. The Governor was not al
all interested in the Boston, Revere Beach aud Lynn
Railroad, as has been stated