Morning journal and courier., 1886-09-24

at one time owner of eighty four shares of | the Holyoke Water Power company's stock, l but since his recent troubles he disposed of | his shares and is not at present interested in l the company. His troubles will in no way ! affect the affairs of the company.
 What Is Said I'm New Haven.
 New Haven banks appear to have escaped loss through Bartholomew. None of the banks held any of his paper. MT. Scranton, of Bunnen & Scranton, said yesterday after hoon that it was very improbable that Bar tholomew's paper was held here, and for the reason that New Haven banks would natu- rally expect a Hartford financier to raise funds at home.
 Two Providence banks were bitten, the Commercial National for $15,000. the Second National for $1O,00O.
 President H. B. Ives of the National Sav ings bank said last evening that probably no bank in this city held any of Bartholomew's paper.
 A prominent banker here said last evening that the secret of the affair, the key to the mystery where so large an amount disap- peared to, will probably turn out to be Wall street speculation.
 
 said yesterday, in the State street horse cars, where the failure of Bartholomew was under discussion, that Bartholomew was 8 man who had too much responsibility crowded npon him, a great worker and an able man, as shown by what he had worthily accom- plished financially; he was placed in too many positions for any one man to handle well. He was swamped by attempting to carry too many enterprises, each saddhng him with heavy responsibility.
 It is estimated that New Haven loses many hundreds of dollars through the wrecking of the Charter Oak Life Insurance company, many policies in that company being held in New Haven.
 He Handed in $75,OO
 MT. Bartholomew on Saturday stated to the directors of the Charter Oak company and to it's attorney that he felt very desirous to pay the $1O5, ,000 due to the company and he gave to MT. Willard a package of $40, 900 of West Virginia mining stocks and bonds. He thought they were worth $75, 900: (proba- ply not.) These stocks and bonds will be handed to the receiver.
 $33O,OOO Held by Hartford Banks.
 Three of the Hartford banks have $150, 900 of Bartholomew's paper between them; four others have $80, 900 and ten others $100,- 900, making total of $330, 900 held by Hart ford banks. Where the paper is MT. Bar tholomew's, secured by collateral, the loss will be nothing, probably. About half of it is supposed to be in this condition. The pa per of the Hartford Silk company and the Union Manufacturing company with his endorsement is, of course, worth little, being unsecured save by the property of the insol- vent corporations. This half will have to be lost largely. Just what banks hold most of this paper it is impossible to say now.
 ''If," said bank president this morning, 'tthe collaterals be largely in excess of the Bartholomew paper, do not see how the banks will suffer much. Certainly the capi- tai of none will be impaired, and I hardly think any dividend will be passed. The on- ly corporation to lose much will be the Char ter Oak Life. That will be unable to recoup itself
 Mr. Pliny Jewell said this morning in re- gard to the Hartford banks that in his opin- ion not one of them will be in any way af- fected by the Bartholomew paper. Proba- ply the paper is held by most of the banks here, but it is secured by collateral. The surplus of the banks will not be impaired by the losses that may be sustained.
 More About the Banks.
 Further about the holding by the banks of Bartholomew's paper is: Hartford National less than $50, ,O00, while the bank has $7OO, 900 surplus; First National $7,000, Farmers and Mechanics 5000, probably with S25, ,OO0 we'll secured: Exchange Nation l al not over $1O,O0O; Charter Oak National | not over $2O, ,OoO. part of it secured (the bank l has big surpIus); Mercantile bank $23, 900, most of it secured; Etna National not | over $50,000 we'll secured; Phoenix | S2O, 900, partly secured; American National | s2O OOO all secured. Now as to savings | banks. Pratt street bank, none. This bank | holds $100,0 ,000 of Florida Construction com 1 pany paper, endorsed by Bartholomew, but | Young of New London, R. H. Coleman, the | millionaire coal operator of Pennsylvania, | and others, and further secured by bonds. l State Savings bank, none Dime Savings I bank, none. Mechanics Savings bank, S1O,- O0O. This is G. w. Bartholomew paper, endorsed by G. M. Bartholomew and amply | covered by collateral.
 Holdings of State Banks.
 United States bank, none; State bank, SIG, 900; of this 5000 is Union mills and B, 900 is G. M Bartholomew's paper, en- dorsed by George M. Bartholomew; City bank, none.
 By Other Concerns.
 Connecticut Trust company, $5,000; this is all Union mills paper; the company has surplus of over $1oO. 900; Connecticut River Banking company, $40,0O0; this company claims to have ample security for the entire amount; Hartford Trust company, 5000; this is Union mills paper; George P. Bissell & Co.,, none; Hubbard & Farmer, none.
 Other Banks and more Trouble.
 No one has yet ascertained wherein MT. Bar tholomew sank his money. His enterprises were usually successful, so far as known, and although he paid large interest &C., count his profits and salaries must have more than made that good. Speculations in Wall street he is not supposed to have en- tered upon and his habits were far from ex- pensive. But that tbere is a-big leak some where is so generally supposed that some new revelation may be expected, but not in way to startle or affect Hartford. Save perhaps 8 small failure here and there the trouble is supposed to be at an end locally. But there is yet much to be heard from banks in the Connecticut valley. The New Britain bank has only 5000 of the paper The outside loans are supposed to be unsecured. The paper was also held in New York, Philadelphia, Baltimore and Boston. The aggregate is supposed to be nearly million, In these different fields something unknown generally thus far must develop, as it would seem.
 That Mr. Bartholomew has taken a consid- erable sum with him on his trip to Montreal where he is out of the way and can begin over again-is widespread impression, but 8 bank officer said this morning: "I don't think he has got dollar; not money enough to pay his board bill"
 More About Bartholomew.
 HARTFORD, Sept. 23.-Personally MT. Bar tholomew gave one the impression that he was very unobtrusiVe man, but his long, sallow face, quick step, piercing eyes and large head instantly convinced people that he was shrewd business man. And in comm arcial circlea fhrouphout New Eng