New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-09-08
NO NEWS OF d. d. DANA.
HIS SON ALSO REPORTED TO BE MISSING
LIABILITIES OF THE DOUGLAS AXE coMPANx
SAID TO BE FULLY HALF MILLION Doll
LARs-FMENDs OF THE DEFAULTING
TREASURER AsToUNDED.
rBY TELEGRAPH TO THE TRIBUNAL

isf TELEGRAPH TO THE TkiBusEl
Boston, Sept. mo tidings have as yet beeu
received from Denison d. Dana, the missing treas4
urer of the Douglas Axe Works. His case was
taken in hand this morning by the Boston police.
warrant was secured charging the missing man
with embezzhng S25, 900 from the company. This
is not regarded as more than small part Of what
he actually took, but it was necessary that
particukr sum should be specified, and the facts
were not at hand to substantiate an allegation
as to the whole amount. The case is in the
special care of Inspector Dugan and he telephoned
this morning to the factory at Douglas in order
TO communicate with the treasurer's son. William
Dana, who is manager at that point. The answer
received was that he had not been there
since Tuesday. AS this the day Of his fathers
disappearance, the police attach great deal Of
significance to the circumstance lie is twenty
four years old.
Mr.. Dana is siXty-two years old, about medium
height and weight, and has gray hair and mustache,
but no beard Affable n manner, conslderate to
his employees and servants, and courteous to ALI
he personally popular. devoted husband
and father, he much beloved in tine home
circle. The family consists of Mrs. Dana, two
daughters and three sons, William Richard and
Charles William is manager at Douglas of the
company of which his father is treasurer, and
Richard is in New-Jersey. Mr.. Dana also brought
up and educated George Rogers, who is a clerk in
the Purchase-st office of the company. Mr. Dana
prominent in church work, to which he de-
voted great deal of his time outside of his busi-
ness and his family. lie was deacon in the Har-
ward Street Congregational Church, of Brool1llnc,
of which the Rev. Dr. Thomas is pastor, and was
a teacher in the Sunday y-school. lie contributed
literally. lie was looked upon by the community
in which he lived as a most upright man, and the
report Of his downfall great shock to those
who knew him that they could scarcely credit it,,
declaring that he one of the last
men whom they would suspect of any
wrongdoing, and expressing the belief
that he had not run away; or il he
had that he would certainly return and face the
storm. In his dealings with employees and ser-
wants he was just and was scrupulously careful
TO see that they received every cent due them,
but more than their due. lie did not own
yacht or fast horse, and, far as is known, was
not addicted to any folies or inclined to any ex-
travagance which would drive him into financial
difficulties; has it yet been brought to light
that he speculated in stocks, or went into any
venture outside of his legitimate business. He is
said to have been regular in all his habits and td
have gone daily to his business i'll town unless prea
vented from so doing by illness.
He has not kept up two establishments but
throughout the year has, with his family, lived
upon his handsome estate. This is situated in
Freeman-st., Longwood, between Powell and St
Paul SITS. The house is handsome structure, fac
ing Powellst, with broad, open veranda extend
ing along most of its front, and with beautiful
lawn, upon which are several large potted plants,
sloping down to the street. The stable is in tho
rear on the St. Paulst side OF the residence,
Mr. Dana formerly kept handsome span, but sold
one of the pair about two years ago, and has
since kept only one horse. The grounds SUR
rounding the house are beautifully and tasteluliy
laid out. Mr.. Danas tax bill is said to have been
about 81 900, indicating property valued at about
100000.
Whether or not there are any grounds of crm-
inal procedure against the missing treasurer is
not as yet known. 1t was rumOred in the Street
yesterday afternoon that he had raised money on
forged paper. Up to last night, however, na
absolute evidence OF any such act had been dis
covered, but the books OF the company are III bad
shape and it is impossible to tell what the exams
inaUlon OF the expert, who Is at work upon tnem.
may bring 10 light. IL is known that OH July 80.
1883, he made oath that the Liabilities OF the irn
were only a little over 100000, when the truth
was, as since discovered, that at that time the
outstanding Liabilities were over 100000. The
liabilities of the company at the present time are
probably between S3OU,OOO ana S6OO,OOO. III
is claimed by those who ought TO know. that Mr..
Dana has committed offences for which he can be
eXtradited prominent lawyer gives IL as his
opinion that, under the new Canadian law. ems
bezzlement is an eXtradltaDle offence.
10 many people the most probable explanation
of the sons absence seems TO be that his father
acquainted him with his intended departure and
that the thought Of the disgrace that must follow
was too much for the young man to face alone.
AT the Office Of The company little additional
information was obtai liable. The directors meb
this morning, but the p4eeting informal one,
and more for the purpose of talking over matters
than of taking definite action. Ihe insolvency
proceedings viii take their course, and the future
action OF the company as TO closing or carrying
Oh its works WIZ depend largely on the result Of
the court proceedings. Al present the works are
closed The company has had its ups and downs,
like other manufacturing concerns, but the Gus.
tomary dividends of per cent have usually been
declared, though several were passed some time
ago The annual business has ranged from
500, 900 to 81 100000. The price Of the stock of
the company on January OF this year was 63 IA.
1t touched 20 before the end OF that month, and
since that time has been generally below the last
figure. The range since January has been SO IA
10 10 Ia. Two weeks ago the quotation was
81 l2 with no sales while the last time the stock
was offered no bid was obtained. Auctioneers
say it has been dlhcult 10 obtain quotation on
the stock lately.
part of Treasurer Dana is not forthcoming, though
there seems to be foundation for the statement OF
interested parties that he had large financial tran
sactionS with William NJ. Caldwell and X. IL. Dana
X CO., of New-fork. His credit was good al tho
banks, and they were anxious TO secure the com-
pany's paper The Massachusetts Hone Mssion-
airy Society is not among the stockholders OF the
Douglas Axe Company. At the close of tho meet
ing OF the directors to-day, President Perkins said
To a reporter:
The letter written by Dana. asking to have the
directors' meeting postponed TO Thursday Last
was evidently ruse to give him an opportunity
TO get off and the whole thing loolrd as IL 10
had been carefully planned beforehand
Do YOU think the estimate of 100000 Is .
fair one of the extent of the liabilities Mr..
Perkins ?"
Mr. Perkins am sure 10 Is not, but with
the information at our disposal az present IL Is
not possible TO say definitely how much % is
Mr.. Perkins added that the capital stock OF the
company only amounted TO 1000, and Mr.
Dana had no right or power TO place paper TO
greater extent than 1924 900, or at most $685.
200 But he exceeded that amount He believed
that Dana did most if not all. Of IL through
..-I.n hn ~ LaA