The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-06-07
A SERIOUS FAILURE.
Attachments Against Ex-Governor HaIe'a
Property-Liabilities, 81. 000, 900.

BosroS. June GA special frora Concord. "
H., says: "Ex-Governor Hale Of New Hamp
shire whose residence la in Keene, has failed,
with large liabilities. His house ins Ree- and
his interest In the Keene Chair Con-.
attached on Thursday, with claims amounting
to over 100000 1t is reported that the liabili.
ties may reach 81, 600, 0OO The attaching parties
are Mr. Parks, Ex-Governor Hale's agent, and
several of the national banks of Keene. 1t Ia
not known to what extent the liabilities are DE-
cured. Several other banks in various parts Of
New England, it is understood hold Mr.. Hale's
paper to greater or less extent IL is
reported that Senator Blair and Frank
w. JONES' of New Hampshire are among the
chief indorsers of Ex-Governor Hale's paper.
The attachments placed ON Ex-Governor Hales
property amount to $277.OO0 Among the prin-
cipal creditors are the Wachuset National Bank.
of Fitchburg, Mass, $50. 200; Z. A. Parkes, Bos-
ton. $50. 600: the Keene National Bank. $4,000
the Monadnock National Bank, of East Jaffrey.
$4,000; the Winchendon Savings Bank, $12 600;
John II. Butrick. of Boston. $4,000 Minis
Whitney Il CO. Of Keene, $l2. 900; the Ashueot
National Bank, of Keene, $40. 600; the Citizens
National Bank Of Keene, $4,000. and George
T. Baker, of Boston, 10000 1t is
said that one year ago Mr.. Hales
SIdLcuIeuL OL Ills uudHcta Stdnuings ~
filed with Bradstreets agency, over his own
signature, showed hin' to be worth 500 600. with
liabilities of'$l00000 The assets in this city
are very light consisting only OF Mr.. Hale's
residence and the land and water privilege OF
the burned chair factory 1t is rumored that MIR.
Hales investments for two or three years past
have been very unsuccessful and that he has
lost heavily in railroad enterprises. Although
the failure is said not to be a surprise to few
business men, it has created profound impress
sion.
Elk Governor Hale's failure has involved
large number of Boston people and banks. G.
A. Parks of No. IL Milk street, Boston, is iu-
volved to the extent of $50, 900. The Common
wealth National the Massachusetts National
and the Freedman's National banks
hold his paper. They say they
are secured. Hale was interested in the Boston,
Winthrop q Shore railway TO tho extent of $780,
600. Henry Hale, of New York. brother of the
Ex-Governor. is said to be involved to the ex-
tent of $4,000. and john Hale, another
brother, for 800, 900. 1t is stated that Gov
ernor Hale, while here recently claimed
to be wosth 500, 600 more than he owed He
was trying to negotiate some of his paper. It
is said that the Massachusetts National Bank
holds So 1000 worth of trade paper, fully secured
One unfortunate scheme of Governor Hale was
a salt mountain at San Domingo. which
was supposed to be a mime of wealth,
but which did not pan out Governor Hale was
interested in mines in Idaho and in other places
and it is said that numerous New Hampshire
farmers invested and lost heavily. Governor
Hae's property in Suffolk county yAassachu-
sets, has been attached by Mr. johnson for
100000. Sensational developments are ex-
pected shortly