New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-04-19
rs THERE DEFALCATIoN ?
-FOUR HUNDRED THOUSAND MISSING.
THE PRESIDENT or SUSPENDED MANUYAcT
| uRINa COMPANY GONE. TOO


THE PRESIDENT OF SUSPENDED MANUBAcT'
uRINa COMPANY GONE. TOO.
William NJ Calender, president of the Calender
Insulating and Waterproofing Company, which has
factory in Newark, N. j. and an office in this
city at No. 10 Cortlandt-st., is missing, and some
ugly stories regarding the cause of his disappear
ance are being ted. II is said that at the same
time has gone some 100000 of the company's
funds reised, 1t is futher reported by the sale OF
bonds and by mortgage on the factory ct Newark
Moreover, II is said that secret meeting Of the
creditors was held at the Astor House on Tuesday
morning, st which an examination of the accounts
of the concern showed the above deficiency.
George N. Calender. the brother Of William NJ.
Calender and the secretary Of the company, was
seen by reporter Of The Tribune at his
brothers home, in Walnut-st., near Park-ave.,
East Orange, NJ j., last night. He said: "There
is not a word of truth in the report The Callen-
der Insulating and Waterproohng Company was
organized about six years ago with capital stock
Of $500, 000 one-fourth Of which was in patents
Of the insulated wire and cables made by the
company. majority of the remaining 100000
Of stock is held in England the rest being owned
here. Nearly all this 100000 was invested in
the plant in Newark. The company has been
prosperous indeed, and lately IL was decided to
increase CH.
pended work few days ago, and put the affairs
of the concern into the hands Of ]. r Burdick
Of New-York, who acted as a sort Of receiver pre-
paratory TO the.reorganization W. w. Niles, Of
No. IL WaIlst. was chiefly instrumental in the
appointment of Mr BprdieR all those interested
in the company agreeing to it, understand that
the creditors did hold meeting at the Astor
House on Tuesday, bat the report that they
found large deficiency is all nonsense.
How could my brother have gotten together
s4Oo, 600 in cash, and run of with itp AS for
the story Of the disappearance Of the confidential
bookkeeper, that too, is false since our two book
keepers were at work yesterday rs usual The
fact of the matter is that bitter enemy Of ours
became our creditor, and now he is spreading
these ISLANDERS to injure us. 1t is tue that
81 90, 900 worth Of bonds were lately issued, but
every dollar Of the money received has been
properly accounted for. My brother has been i'll
for six weeks and went away for his health before
these troubles came up. No, do not care to
give his address, as do not want to have him
bothered to death with the affairs Of the company.
expect him TO return shortly, as he is gettlng
much better"
Mr. Calender did not know even approx
mately he said, how much stock he and his brother
owned but he knew that they controlled q
majority OF IL, nolQ1nB y VI PtOAdoo'
xsas also unable 20 give the names OF any Of the
creditors Of tho company without consulting the
books.
The only person who seemed to know anytn
ahont the affairs of the company in Newark was
William J. Davis, q lawyer practising in jersey
CITY, who WIS seen by q reporter last night;
He declined TO say anything at first but declared
that the books were being investigated, and tnat
ia aid not think there WAS anything wrong.
Mr. Calender, he averred, went TO Europe some
time ago, and one OF his sons, George, who hNed
AZ Orange formerly had also gone there
lanes Nelson the booklzeeper Of the company,
rns seem at his heme, in Fourth-st, Harrison, n j.
He denied that there was anything wrong, put
said that the directors were quarrehnS among
,bsmseiyes. He also denied that the Callenders
had gone 70 Europe. but said that the presldens
snd kia sor werc at summit In Morris County,