The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-18
Innocent, Perhaps, But a Charge of
Embezzlement Hangs Over Him.
The Michigan Carbon Company at
ANY Rate Loses $4,000.
High Flying, and an $1,000 Coach
man Create Distrust.
Charles T. Young, Secretary OF the
Company In Jail, But II Is Said
That Another ohicial Is the
Real Guilty Party.

DgrRoIT, Mich, Jan. IA sensation
in business circles was caused this after
noon when II became known that Charles
+. Young, for many years the confidential
bookkecper of the Michigan Carbon
works, but moro recently the secretary
and treasurer Of the concern, had been
arrested, charged with embezlemcnt.
Young has years past revelcd in the pos
session OF q blooded horse and n colored
coachman, on n salary Of 81 800, but rs his
father was known TO be wealthy II ex.
cited no especial attention. Last Septem-
Der Young was promoted TO the position
Of secretary and treasurer, and not long
afterward the decrease in dividends to the
stockholders caused complaints. The dis
satisfaction led 10 an investigation. II
was asccrtained that somebody high in
Office had been steadily pocketing money
belonging to the company for the last two
or three yean.
President Jarvis has been active in the
search for the guilty party, and At meet
ing Of the boarl of directors, held few
days ago, informed his conicrrccs that
Young was the culprit. lie said that
Young and his confidential bookkcepcr
had handled money for the purchase Of
bones, aud had credited the bone pcddcs
with many moro pounds Of bones than
they had supplied, and that he had pock.
ctcd the difference between the truths and
the lalsiiy. This explanation was accepted.
IL never occurred to anybody 10 question
the correctness Of Mr.. Jarvis statements.
II was decided, therefore, 10 nut Mr.. Young
in jail and compel him to make up the de.
felt either from his own means or through
his friends and relatives Accordingly Mr..
Young was locked up last night. lie was
not shut up in the ordinary quarters at
the Jail, hut was placed in room at the
sheriils residence. What the actual de-
felt ~ cannot bc learned at present. II the
money was taken in the manner described
10y Mr.. Jarvis To the directors, the amount
certainly could NO, have approached 30
large q sum rs $4,000. The facts stand,
however, that money has been cm-
bezlnd lrom the company, aud that
Mr.. Young has been placed under arrest
on proccss charging him with being r..
sponsiblc. There has been expressed an
opinion, however, that Mr. Young IN ON.
ticly innocent and that the rial culprit il
another officer Of the company who has
thus far succeeded la skilliully covering
his tracks, and who IL willing 10 sacrifice
Young 10 save himself The REASON inr
the mystery observed la the matter IL
plan of Mr.. Young Ia give up the money
desired without taking further steps against
him. 10 this end the prisoner is being
held secretly. His name does not appear
ON the jail register. when reporter
sought an interview at the jail this aitus-
noon he WIS told that negotiations wcr
under way to settle the affair. aud his ~.
quest would have Ia bc denied.
The Michigan Carbon company " nm
institution Of considerable importance.
The works arr situated at Rougrvillc, live
miles FROM Detroit; they cover largo cx-
tent Of territory and give employment Ia
over 100 men. President Jarvis, after CON
sulting with his attorneys, stated this after
noon that as near as could be- mccrtaincd
the dcialcntion amounted Ia $4,000, aud
had extended over period NJ three years.
being accomplished IN very clover way,
M as Ia avoid suspicion most ciicctunlly
The action is one OF trcspass on the case
for cmbculcmcnt. aud Young is held ia
$4,000 bail, which lac hasn't yet given.