Savannah morning news. [volume] (Savannah) 1868-1887, 1885-06-07
EX-G0V. HALE'S FAILURE.
HIS LIABILITIES REACHING
NEARLY A MILLION.

Attachments Against His Property for
$500, ,OOO-A List of the Sufferers
Assets SmaIl-The Failure Attributed
to Heavy Losses In UnsuocossfuI Rail
road Enterprises.
BosToN, June GA special from Con-
cord, n. H., says: "Ex-Gov. Hale, of
New Hampshire, whose residence Is in
keene, has failed with large liabilities.
His house in Keene and his interest in
the Keene Chair Company were attached
on Thursday with claims amounting to
over 100000. II is reported that his liza
bLities may reach 81 ,GO0. 900. The attach
ing parties are MIR. Park, oX-Gov. Hale's
agent, and several Of the National Banks
of keene. 1t is not known to what extent
the liabilities are secured. Several other
banks in various parts of New England,
it is understood, held Mr.. Hale's paper to
greater or less extent. Ii is reported
that Senator Blair and Frank w. Jones,
OF New Hampshire, are among the chief
indorsers OF eX-GOv. Hale's paper"
Ex-Gov. Hale's failure has involved
large number OF Boston people from small
amounts up to $4,000. c. A. Parks, of II
MIX street, is involved to the extent of
100000. Among the Boston banks hold
ing Hale's paper are the Common
wealth National Bank, Massachu-
setts National, and Freeman Ma
tional. Most of the banks holding
his paper declare that they are secured
but refuse to state the amounts of their
holdings. Mr.. Hale IL largely interested
in the Boston, Winthrop and Shore Rail-
road, of which he was formerly President.
He Is at present director and owns $40,-
600 OF the stock and $4,000 in bOnds--$S0,-
COO in all. The road is in no way affected
by the failure. Henry Hale, OF New York,
brother of the Ex-Governor, Is said to be
involved to the amount of $4,000,
and John Hale, another brother, for $780,
600. 1t is stated that eX-Gov. Hale re-
Gently declared that he was worth $780,
600 and was able TO pay all his debts.
Among his assets, he said, were $l3j 900
worth of stock In the Keene Chair Com
pany. His paper, it is alleged, was re-
fused by several of the banks sometime
ago, because, as they said, there was too
much of IL floating around.
KEENE, N. H., June 6.-The attach
ments placed on ex-GOv. HaIe's property
amount 10 $277, 900. Among the principal
creditors are the Alachuset National
Bank, of Filchburg, Mass, $50, 600; 6. A.
Parks, OF Boston, $50, 900; the keene Ma
tiOnal Bank, 100000; the M0nadn0ck Ma
tional Bank, OF East Jeffrey, 1000;
WinchendOn Savings Bank, 100000; John
son IL. Butterlck, or Boston, 3l3,OOO;
Ashuelot National Bank, OF Keene. $l0,-
600; Citizens National Bank, OF Keene,
100000, and George +. Baker, OF Boston,
$4,000. II is said that one
year ago Mr.. Hale's statement Of
his financial standing, as filed with
BradsLreet's Agency over his own sig
nature, showed him 10 be worth $500, 900,
with liabilities OF $4,000. His assets in
this city are very light, consisting only of
Mr.. Hale's residence and his land and
water privileges OF the burned chair fac
tory. II is rumored that Hale's invest
ments for two or three years past have
been very unsuccessful, and that he has
lost heavily in railroad enterprises. Al
though the failure is said not to be a sur
prise to few business men, II has created
a profound impression.