New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-13
CHARGES AGAINST MIR. CAMP.
NEWTON SoUIRE's QUEER AFFIDAVIT.

THE CLEARING HOUSE COMMITTEE BEIEVEs
ITS MANAGER GUIJrIEss.
Some time ago Newton Squire. clerk in the New
York Clearing House Association who occupied an
ONCE next to that of the manager. William A Camp,
was arrested in civil action brought by Homer lee to
recover securities which II alleged were held I'M
properly by Mr. Squire. The case was decided In MT.
squre's favor but in the meantime his services hao
been dispensed with by the Clearing House. Witmn
The last few weeks circulars have been sent to the
Clearing House Committee In the form OF an amdavu
BY Squire charging Mr. Camp with many mpropreties'
The document asserted that Mr.. Camp had used his
place "to borrow money for Henry S. Ives. Stayner.
Mann and Others for "a commission and had "in'
dorsed widely for people not well esteemed as
business Of standing for the profit which was paid
him for such Endorsement Squire charged Mr.. Camp
with figuring as the head Of the American Exchange
in Europe "The Financiern Publishing Company, the
American Electric Company and Others helping to sell
many OF the securities OF these concerns. 1t was al
legged that Mr. Camp tried to get control Of the stock
n, the Madison Square Bank for Albert Meter. Henry
g. Ives and George II. Stayner. Tho tenor OF the
affidavit to place Mr.. Camp In the light OF working
corruptly with the whose names are on the dark
side Of Wall Street records.
Yesterday publication Of these charges led to their
formal consideration by the Clearing House Commuee
which consists of f. H. Perkins, president of the I'm
portcrs and Traders National Bank; &. &. Williams
OF the Chemical; J. Edward Simmons OF the Fourth
National; Henry W. Cannon, Of the Chase and r. ID.
Tappen of the Gallatn. The committee heard Mr.
Camp in explanation at a regular meeting and after al
journing gave out the following statement
"The Clearing House Committee have examined the
charges made against DIR. Camp by Newton SQUIRE a
former clerk in the Association, and hnd that they
relate to matters long since past While Mr. Camp
has been inudicous in certain business transactions
outside of his relations with the Clearing House. the
committee are unable to discover any evidence In these
charges that would cause them to lose confidence in
Mr. Camps integrity"
Prior to the meeting Mr.. Camp denied the charges
az they were made by Mr.. Squire insisting that the
man must be out OF his mind After the meeting he
refused to mako further statement. published
interview which Mr.. Camp did not deny gave MS
version as follows: Mr. Camp got loan for stayher
on 100 shares OF Cincinnati, Hamilton and Dayton
Railway stock at 1875 and sold 1t out at auction WITHOUT
loss. He was member Of the American Exchange In
Europe but withdrew from it two years before 1t went
under. Mr. Camps connection with "The Financier'
Publishing Company was severed he got
TO know the MANAGEMENT OF the paper" With regard
10 tie Madison Square Bank transaction, Mr.. Camp
saws in the interview that OK Governor Hoadly IN
dorsed Albert Meter before he Camp undertook 10
helm TO obtain the control. Mr.. Camp says that lie
boucbt block of American Bank Note stock in partner
shin with George II. Stayner and made a little money
out of it. Mr.. Camp in the interview. says that ne
never received presents Of pictures rom IVES stayher
or any one else as Mr.. Squire charges, and that he
never had transactions with Henry s. Ives. Mr. Camp
Indignantly denied that there any Improperly in
any ~ the transactions which form the groundwork
of Mr.. squires charges III ,,.u -,
1t is believed generally that Mr.. Camp viii later on
retire from his place as manager OF se S'oas cns
House, but his long services VIII douotesS DC reoos
niZed in a substantial fashion.