New-York tribune., 1891-12-20
WHO CAUSED THE DEFICIT.
r. H. NJ. DICKINSON MAKES A STATEMENT.
SOMETHING TO BE EXPLAINED IN THE ACCOUNTS
OF j Ill RLAuYEIT CO.


Robert II. VI. Dickinson, the junior member OF the
firm OF James II. Blauvet & Co., of Nyack, for whom
Edward H. Cole cashier, yesterday made the hrst
Official and complete statement which has been gwen
to the pubic concerning the firms condition. Ar.
Dickinson said
Mrs. Blauvelt SAYS now that she never suspected
Mr.. Cole Of causing deficiency In the Office funds
she also still asserts that the General did not over
draw the accounts. on october 1, 1883. General
Blauvet and l entered into partnership. which
expired october /, 1901. Fast July l inf1rmed
the General that when ont articles of part
ne.shp agreement expired proposed 10 leave the irni'
In August went to the Catskills and while there re
ceved letter from Mrs. Blauvclt. She wrote: The
General has had another stroke and want yOu TO re-
consider your action about dssoving partnership II
you do not Harry and others will be thrown out OF
employment
"On account OF the Generals condition and my
friend dshIp for him. stated that womb do under
certain conditions, the most essential being that i
should have exclusive conrcl and authority IN the
Office on October Instructed Mr.. Cole to make up
a statement Of how business stood. lie handed me
statement which proved that large share of my
pofts were due me, and that we owed our companies
over 200 To Offset these debts there were assets OF
only $4,000. I took the statement to Mrs Blauvelt
and said that II would raise part Of the deficiency
she could draw income Of $50 per week from the
Office The rest of her profits was to 60 toward making
up the deficiency. She agreed. She raised and put IN
81 900.
SIN November the october statement of business was
made up by Mr.. Cole. II showed that there was due
to Mrs. Blauvel as October profits S52 over her $50
week. A few weeks later she requested Mr. Cole
to draw check for those october profits He re-
piled that 1t would be useless, as would not
sign the check. She again asked Mr. Cole to draw
the check. / told him to do / then read to her
our articles Of agreement, and told her the check
would not be honored without my signature. She
took the check and tried unsuccessfuly to have is
cashed Harry H. Bauvelt, the Generals son, then
told that his mother was not satisfied with Mr.
Coles accounts and that she intended putting ex-
perts at work on the books
During the three years OF our copartnershlp pre-
vlous to last October, General Blauvet by tie terms
Of copartnershp agreement, looked entirely after
the firms financial interests. I was in comparative
Ignorance the condition of the books or the stand
ing of the firm. Last Saturday morning Mr. Sawyer,
the lawyer whom Mrs. Bauvelt had consulted, in
toduced ME to an accountant named Green, who said
he was an expert who had come at Mrs. Bau-
vet's suggestion and that Of Mr.. sawyer
to look over the books. During this brief con-
versation Mr. Coles strange fight was begun.
The Generals income from the business has never ex-
ceeded S5 900 year. In justice to all concerned now
wish to mcle the above statement. II the General
did not have the money Mrs Blauvelt asserts and
Mr. Cole did not take it, q reflection is cast upon me
by her which will not stand"
Mrs Blauvelt yesterday denied statements which vera
attributed to her the day before. She also denied
that the Cole family have any ground for libel suit
against her. and she expressed the deepest sympathy
and interest yesterday In Mr.. Coles condition. fuoc
sympathy is strongly with him.
All was bright yesterday in the cottage of Mr. Cole
and Dr. Blauvelt hopeful that complete mental
and physical restoration will be effected At times,
however, Coles mutterlngs showed that in his mind
he was again wandering hungry and footsore along
the country roads Once he said with shudder that
he did not want TO 20 on the cold rocks again Mr..
Dickinson said that Harry r. Blauvelt, the General
son, was simply a clerk at $40 9 week and did NOT
succeed Cole as cashier. lie added "When Il new
cashier is chosen II one should be, 1t will be somc
one satisfactory TO myself