St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-18
ALLEGED ENTERTAINMENT.
A Confidential EmpIoye Charged
With a Heavy Shortage.

DETROIT, Mich, Jan. IA sensa-
ton in business circles was caused this
afternoon when it became known that
Charles E. Young, for many years the
confidential boOkkeper of the Michigan
Carbon works, but more recently the
secretary and treasurer of the concern,
had been arrested, charged with en-
beZZlement. Young has in years past
reveled in the possession of a blOOded
horse, nobby turnout and colOred
cOachman-On salary of $1,S0O-but as
his father was known to be wenlthy, it
excited no especial attention. Last
September Young was promoted to the
position Of secretary and treasurer, and
not long afterwards the decrease in
dividends to the stockholders caused
complaints. This dissatisfaction led to
investigation. 1t was ascertained then
that somebody high in Office had been
steadily pOcketlng money belonging to
the company for the last two or three
years. President Jarves has been act
i've in the ksearch for the guilty party
and at a meeting of the board of direct
ors held few days ago informed
his cOnfrees that Young was the
culprit. He said that Mr.. Young,
even as confidential bookkeeper,
had handled money for the purchase of
bone and had credited the bone ped
oilers with many more pounds of bones
than they had supplied, and that he
had pOcketed the difference between
the truth and the falsity. This expla-
nation was accepted. 1t never occurred
to anybody to question the correctness
OF Mr. Jarves' statements. 1t was de-
cided, therefore, to put MIR. Young in
Jail and compel him to
MAKE UP THE DEFIsIT,
either from his own means or through
his friends and relatives. Accordingly
MIR. Young was locked UP last night.
He was not shut up at the ordinary
quarters of the Jail, but was placed in
room of the sheriff'S residence. What
the actual deficit is cannot be learned at
present. If the money was taken in
the manner described by Mr.. Jaryes to
the directors, the amount could Ger
tainly not have approached so large a
sum as $4,000. These facts stand, how
ever. that money has been embeZzled
from the company and that Mr.. Young
has been placed under arrest on proc
ess charging him with beng response
Die. There has been expressed
an opinion. however, that Mr..
Young is entirely innocent,
and that the real culprit is
another officer of the company, who has
thus far succeeded in skillfully covering
his tracks, and who is willing to sacri-
flee Young to save himself. The reason
for the mystery observed in the matter
is plan to force Mr.. Young to give up
the money desired without taking fur
ther steps against him. To this end the
prisoner is being held secretly. His
name does net appear on the Jail regis
ter. When a reporter sought an inter-
view at the Jail this afternoon, he was
told that negotiations were under way
to settle the affair and the request
would have to be denied. The Michi-
gan Carbon company is an institution of
considerable Importance. The works
are situated at Rougeville, five miles
from Detroit. They cover large ex-
tent of territory and give employment
to over 100 men. President JarYes, after
consulting with his attorneys, stated
this afternoon that as near as could be
ascertained the defalcation amounted to
$50, 600, and had extended over period
of three years, being accomplished in
very clever way, so as to avoid Sus-
piciOn most effectually. The action is
one Of trespass on the case for embez-
element. and Young is held In $4,000
bail. which he has not yet given.