New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-31
STILL At WORK on THE BOOKS.
wAyLANp. TRAsK & CO.'S ACCOUNTS
TRYING TO FIND OUT HOW THEY sTANn-BAID-
WIN NAY ESCAPE PUNISHMENT.

TRYING TO FIND OUT HOW THEY STAND-BALD-
WIN NAY ESCAPE PUNISHMENT.
There was no further lrht thrown yesterday upon
the failure OF Wayand, Tras. d Co., stockholders.
al No Is Waist, which was caused by the breach
f the part OF Theodore Baldwin, one Of the
partners, who spccuated without the knowledge OF
Ter mbers Of tho firm, and whose losses forcoi
a pc sion. Simon II. stern, tho attorney in whose
kantA the settlement Of the affair has been placed,
said that there was nothing further to add to the facts
as in Tie Tribune IL. Stcra declined 70 make
a statement when ASKED whc her any Of the acts Of
young Baldwin could be established actually
criminal but Mr.. Trask said later that his partner 50
far had been learned. had no, transgresscd the
limits Of the " in conducting the speculative opera
lions which cau.cl the firms dOvnfan. The question
as to legal PROCEEDINGS against Mr.. Baldwin viii not
definitely be answered until the examination Of the
books and accounts is completed
There were long conferences Yesterday between Mr..
Trask and his creditors and Nj. Stern, his counsel.
Mr.. crn sad that Ii. could form idea OF the amount
OF assets or liabilities Of the firm. He directing
his energies toward cncctirg arrangements with
creditors TO PIT Mr.. II. !; upon his financial
feet again. Mr.. Stern expressed confidence that an
adjustment Of matters would be made In the course
CT few days TLe.c IS doubt expressed By either
Mr.. Stern Mr.. Trask tina, Mr.. Baldwin can be
reached Whenever he is wantc1.
Wayand nask when by q Tribune reporter
nothing more 70 say. There are no new develop
ments since yesterday. We have had experts at
work on the books and expected 10 be able make a
statement this morning, but have been delayed be.
cause IL was not possible 81 TO clear up few
things found. ! don't just now to make any
promise about the timc when sLall have the state
ment ready / don't know vet how much our Ia
bilitlcs are, how much has disappeared through
Mr.. Baldwin's transactions. lie here last night
and again this morning. helping US TO straighten out
the books lie showed willingness 10 clear up some
things, but do not think he is inclined 10 say all
that lie couli say. lie has gone away now.7
Mr.. Trask said that Mr.. Baldwin had not been
arrested. and lie bad idea to express to the
probability Of arrest. lie not at all afraid that
Mr. Baldwin could not be found he were desired,
saying: e think can have Mr.. Baldwin when we
want him al any time. II his presence Is required
he VIII be on land, am sure
J. 7. Baldw u. the ;ather Of the Young man and
cashier OF the Manhattan Company Bank. declined 10
MAKO any taiemcnt concerning his sons affairs.
De Witt c. Hays, the president OF The bank had been
NJ the bank In tho morning, but had gone away.
The vlceprcsdent stephen Baker, said: 4" Mr.. Bald
win knew nothing about the affairs OF Wayland,
1rask q Co. until the trouble waS made known TO
the bank We all knew OF his sons transactions az
bank for many years did banking business for Way
land. Trask & Co. They owed US about 100000,
but we have eilt-edged securities amounting to fully
any other bank The loss will isii upoa the arm
and private customers do not behave Mr.; baldwin
viii be prosecuted. OF course know holins shout
it, but do not understand that he has done anyin:
e. he has only been specializing With the money Of
The firm Of which he was a member. Should 1t. how
ever prove that he falsihed the books OF course
that would be crmihal."