New-York tribune., 1890-04-03
PRICE THREE CENTS.
MORE LIGHT ON CLEVELAND.
THE BAD RECORD OF JERSEY cIrYs MAYOR.
OTHER FRAUDULENT TRANSACTIO ONS WHICH THE
BOOKS OF THE DIXON CRUCIBLE CON.
PANY sHow-THE GUILTY NAN
MAKES no DENIAL.


PANY sHow-THE GUILTY NAN
MAKES no DENIAL.
The revelations contained in The Tribune yes.
terday regarding Orestes Cleveand's part in
wrccking the Dixon Cruciblc Company of Jersey
City created profound impression. not only in
Jersey City. where the facts have long been
hinted at. but also in this city. where Mr. Clcve-
lands position Mayor of jersey City has made
him more or less a conspicuous man. Those who
live in Jersey City. as they read the narrative.
easily recalled the facts in regard TO tie Court
House job" and the Reservoir Job for the
latter of which Mr.. Bumsted. the Commissioner
Of Public Works of Jersey City. was sent to
States Prison and died. hcartbroken man. when
he got ont. OF Mr.. Cleveland's connection with
the Dixon Companys failure. only part was
told in The Tribune of yesterday. Mr.. Cleve-
land was a son-naw of Joseph Dixon, and in
his capacity president of the concern received
a salary 81 900 to protect the interests of the
stockholders
FORCING OUT THE PAPER TO THE LIMIT.
When the limit Of marketing the Dixon Com.
pany fraudulent paper through Fowler. Cramp-
ton IL Co. was reached. the professional note
brokers of New-York were approached. Years
Lefore the Dixon Cruciblc Company had bought
ala dfsplDcu Inc American Urapnltc company
Of Tcondcroga. y. Y. but did not cancel the legal
existence Of the Graphite Company The paper
offered to the professional note brokers was the
Dixon Crucibe Company's note. drawn to the
order of the American Graphite Company and
Orestc, Clcvcland's name personally. In this way
was pcrpefrated the fraud of a twonamed paper.
whereas both concerns--thc Dixon Cruciblc Com
pany and the American Graphite Company-were
one and the same thing. At that time. while the
Dixon Company was labOrng under the tremend-
ous burden of its debt of over 81 .OO0. 900 and
while the people who sold 1t supplies being
put of In the payment of their monthly bills as
they became due. Mr. Cleveland deliberately drew
two checks of $1,000 total Of $4,000. sent
one one day, the other day or two later. 10 Mr..
tanda. then treasurer Of the Democratic National
Campaign Committee, as his Subscription to the
party fund in the Hancock and English cam
paiSn Thus Mr.. Cleveland took the proceeds of
unauthorized and frauAulcntly issued notes to
swell a party campaign treasury.
DAMAGING PETITION.
Five years ago chancery proceedings were he.
gun to determine the voting power some OF
the Dixon stock caused by an unsuccessful ef-
fort Of Mr.. Cleveland to rcnstate himself IN the
company. The injured stockholders filed a Pc
tition, which was sworn 10 by +. +. &. Young,
the receiver Ii contains a history Of Mr. Cleve-
lands defalcatons, which is one of the most
damaging statements against his character that
has ever been made. 1t was drawn up by eN-
Governor Bcde, Democrat, and sworn to by Re-
ccvcr f. {. lOung president Of the First
National Bank of Jersey City, ana also Demo-
/ crat.
As was mentioned in The Trbune's article yes
tcIday, this courthouse affair became the focus
of Jersey City politics. and each successive
election, spring and fall for the Various local and
State officers rolled around, the Dixon Companys
Office became the centre Of attraction 10 the cnch-
men and hecers Of the Democratic party. and MIR.
Clcveland's persona. account on the ledger OF
the Dixon Company. in tie days colncldent with
and preceding each and every one OF these cleo
tions is charged with lar-e sums OF money, broken
up into amounts from so and 500 To several
Thousands OF dollars. all of which checks are now
among the vouchers of the company. AS the
drawing of these moneys and the appearance OF
the hcclcrs and the henchmcn were colncloent WIN
tic days previous 10 the several elections III Wnch
/ cucsiiops were at stake that bore on tie keser-
yoir lob" or the ." our'- House job. what dis
position was made of this money and for whas
purpose it was used. the reader may imagine
Az THEIR or III, TRANSACTIONS
While Mr. Cleveland was seeking money from any
and every source from which it could he obtained,
member of his own household had $1,000 in one
Of the Jersey City savings banks. ms was
drawn with the woman's permission and put
into the Dixon treasury. An account was opened
with her on the company's ledger. and this ac-
count of course. showed at the time Of the failure
q credit of =. .o0o and the accrued interest.
receivers direction Immediately his taking
charge. Mr.. Cleveland said that there must have
been some mistake. as the amount due the woman
was S1OO O0O and not $1,000 He further de-
clalcd that he had received $1,000 twice and
explained the second $1,000 by saying that ne
had received the money. used II personai.y anu M
had directed the bcok,cepcr TO credit to the
woman the additional $1,000 and charge the same
10 his account. This statement the bookkerper;
now dead. cmphaticallv denied. Mr.. Cleveland
then and there ordered the entry made on the
daybook accomplishing his intent by dating It
back 10 the time when he said the money had
been received This part of II was not allowed
hv The receiver whcrcupon big storm took place
on Mr. Clcveland's part. lie threatened 10 test
tie question in suit. No suit. however, was
oyer brought. and tie woman has received her
= coo in full and interest. without further re.
mark II is not probable that the woman knew
anything of this transaction
The only answer Mr.. Cleveland had 10 make
to thc tremendous arraignmcnt of himself IN
The Tribune yesterday. 10 the inquiries Of re-
poricr Of Democratic newspaper. was the state
mcnf that the charges were Old lie did not
even attempt 10 deny them.