Morning journal and courier., 1886-09-25
THE HARTFORD EXCITEMENT,

THE HARTFORD ExCITEMENTs Search in New York for Charter Oak |
 Assets-About Eight Hundred Thou
 sand Dollars Found 1n Real Estate-
 thoIomew Writes From Canada
 to Cyrus w. F1eld-Intricate Work
 for the Receivers-BarthOIo May
 Assist.
 NEW YORK, Sept 24.-General Fitzgerald yesterday appointed receiver of the property in this State of the Charter Oak Life Insur- ance company, has retained Charles H. Mo- Lean, who has begun to hunt for the assets of the corporation in this city. Thus far | nothing has been discovered beyond certain | real estate which is worth about $500, ,00O. | Cyrus w. Field has had letters mailed in Montreal from the fugitive. A reporter who visited the office of the Charter Oak compa- | ny found the door closed. A gentleman
 who occupied an adjoining office said: "A
 large number of persons called to see the | agents of the Charter Oak and found the 1 office closed The office is not, however,
 closed permanently as the agents will be in | and out several times daily" It is generally | understood among insurance men that the
 receiver will have difficult task to perform
 in settling the affairs of the concern. The | accounts are exceedingly intricate and the
 creditors include thousands of policy holders | in all parts of the country. It is stated that | a comparatively small amount of the Charter Oaks paper was held by New York banks
 Later Manager Burlap appeared at the office of the company. He thought Bar tholomew would appear and assist fIircr fho "a otr ha has the amount of funds which he is credited with having," said MT. Burlap Che can do 8 great deal toward protecting the creditors from loss. cannot help thinking | that soon as he can straighten out his 1 ideas and become composed he will come for | ward and do what is right. Of course it is ! not possible for the Charter Oak to resume l business, but perhaps the creditors will not | lose as heavily as at first supposed. wish | to say that have received no instr tructions in | regard to the suspension of the company or what the receiver will expect me to do to assist him in his work"
 HARTFORD, Sept. A.-The mystery as to where the money went in the Bartholomew | case is still unsolved. MT. Smith, MT. Bar ! tholomew's private secretary, is still in Hartford and is looked to to shed some light l on the case. The feeling in Hartford is not so sternly against Bartholomew as yesterday | and people are recalling good things done by him a financial manager both in business and philanthropic enterprises. One prominent gentleman well informed on the subject says that there will be change in opinion in MT. Bartholomew's favor and that it will be found that the accused hasn't taken all the money and used it for himself, but that it went to the corporations in which he was interested. The gentleman is of the opinion that Plunkett misrepresented to him the condition of the Hartford Silk com pany and to some extent that of the Union mill nd hof Mr. Rorf duced to endorse more paper than he would have done had he known the facts. He be- came pressed for money after Plunkett's in ability to share the burden was known, and he resorted to every expedient to raise the money and keep his paper from going to protest. The Times says further, quoting this gentleman: "He couldn't have realized much from the Silk company, he or Plunkett together, and you will find that the shortage there has gone into Plunkett's pock- ct, if anybodys. Of the $360, 900 of the Silk company's paper foated the books show that $500, 900 was used by the company. Now take the Charter Oak Life. He used $127,- 900 of the company's money. But without suggestion from anybody, he delivered to Secretary Willard stocks and bonds of West Virginia mining and land companies of par value of $40, ,000, and which he claimed to be worth $125, 900 now. Even if worth only fifty cents on the dollar, there is $75, 900 delivered to the company, when he needn't have delivered anything. The Charter Oak money went into corporations not into his own pockets. The Charter Oak policy holders wouldn't talk so hard against him if they knew that when he was called into the Charter Oak Life eight years ago, when everybody else was afraid to touch it, he carried the company along for some time on his own credit for $500, ,O00. For security he had only second or third blanket mortgage of the New York real estate, over which l~s -sA l. lEokA Had he not helped the company then it must have gone under, and in worse shape than it is to-day. He lost money in helping the Hartford Screw com pany and in some other ways. He was the mainstay of the Holyoke Water Power com pany until it got on its feet, and his honora- ble record of many years as trustee of the old Hartford, Providence and Fishkin rail road ought not to be forgotten. If his usual good luck had attended him he would have pulled through. As it is he went under af ter desperate attempt to save himself, and went out of the country to remsin until the situation is better understood and cooler counsels prevail. Will he returni think he will. And shouldn't be surprised if he came back within month and paid to the last dollar Of his ability"
 Pretty authentic reports say now that of the $360, 900 of the paper of the Hartford Silk company bearing the names of Plunkett
 
 of the company.
 Receivers will be appointed for the Charter Oak Life in every State in the Un- ion.
 The prospects of the Schuyler Electric Light company are reported as appearing even better than was apparent on Thursday and the large stockholders are willing to make some sacrifices in order to keep the company along. The Holyoke Water Power company, even if it loses $20o, ,OOO, will be ably to pay dividends.
 Three national banks in Holyoke, Mass, hold paper with the personal indorsement of George W. Bartholomew, the Home $5 ,0O0, secured; the Holyoke bank 5000 and the City bank $15, 900, both amounts partly se- cured, and William Skinner, of Holyoke, has $10,0 ,000.
 One story in Hartford regarding Plunkett is that note has been found among his pa pers saying:
 am not an embezzler;, have not been an em bezzler; am d. fool.
 MT. Cyrus w. Field. in an interview re- garding Bartholomew, says: "I first met Bartholomew forty six years ago at my we'd ding, and although we have been on terms of comparative intimacy since I have never had transaction with him involving one cent. l always regarded him as 8 capable business man, strictly honest and honorable in all his transactions, and never doubted his solvency. The blow will fall with particular severity upon his wife, who is charming woman and much admired in Hartford She has done much for the relief of the poor people in her city and is always prominent in all charitable movements there. It is a sad case, indeed"
 The Times tonight says:
 The paper held by our banks with Barthol- omew's name attached, some of it good, is very nearly as follows:
 Farmers and Mechanics cs..................$ 36, 900 Charter Oak. ak....................... ...... 35,0OO American. .......................... .. 10000 Hartford. 6O,OOO Phoenix. 22,5OO Mercantile. .......................... 9, 800