The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-09-23
BANKS MAY LOSE HEAVILY.
RICHARDSON, A BOSTON LEATHER
MAN, SAID TO he 4 sWINDLER

Investigation Into the Affairs OF the Failed
Firm OF Which Richardson Was n Mem
Der Brought TO Light His Peculiar
Metbods-Ho Placed Notes without Sc
cnritr and Got Money from His Wealthy
Associntes-A Warrant Out for His Ar
rest, but He Cnnnot Be Found-It Is
Believed That He Has Gone TO Europe.
BosToN. Sept. 22.-Thomas O. Richardson Of
the leather firm Of Richardson & Donnie. POT
Congress street. and for years n prominent
| member Of the First Church on MARI
borough street, could not be found to-day
by the police. who want him on n warrant
charging him with securing by false pretences
from one firm alone $4,000.
This announcement. according to tho state
ments OF many business men with whom Rich
ardson had dealings. but mildly tells the
story OF q colossal swindling scheme.
During recent years Richardson hns boon AS
ISOLATED through his church connections with
such wealthy men as the late Frederick l..
Ames and S. Endlcott Peabody. President Of
tho American Loan and Trust Company. both
OF whom are 1t is said sufferers.
The charge Of securing wrongfully the S175.-
ooo, according to many loading men Oh the
Street. docs not begin to cover his misaDpro-
nriations. and. II necessary. warrants could BIO
obtained against him for obtaining several
hundred thousand dollars more.
j. 5. Morgan x Co.. the London bankers. rep
resented In Boston by Jacob c. Rogers as at
torney. arc the compluinants.
This firm Is the heaviest loser by the crook
edness OF Richardson. but Kidder. Peabody Il
Co.. the Atlas National Bank. the Central Ma
tional Bank. the City National OF Lynn. the
International Trust Co., the Lincoln National
Nott ~ tha NotiA al
OF Redemption. the National Hide and Leather
the National Revere. the National Park of New
York. the National Rockand OF Roxbury. the
National Naumkeag OF Salem. the Shoe and
Leather. the Suffolk National. tho State Ma
tional and the Third National are also said to
be losers.
The first revelations OF Richardson's crooked
ness did not come TO light until some time
after tho failure of the company last May OF
which he was the head
meeting Of the creditors of the firm was
held. and then 1t was learned for the
first time that the assets OF tho con-
Germ We're rated at from 100000
to 100000. whic the liabilities were
easily rated at SG5O,o0O in round figures.
J. y. Lord. leather manufacturer OF Sa-
ffsni i If Boston. yero 50 badIy; cripnIed
SSf Snsf RI Ssst1s IsfsR an s
Voyed in litigation hfous sssets Moee On
repIeyin suits arising from the firms relations
showed that the Gottom had dropped 'V cong
plletely out Of RIsharas:n and DENIES and
them 2 network involving them heavily.
sSnSeeed With Wealthy Psope It 9Ss fho"rh
what seemed State, prison. But they turned
their backs upon the banks which seemed
Until q, few days ago the losers and victims
apparently sat by and said nothing. while
9ok ala Hsr Ts a summes at New
The storm burst yesterday. Jacob G. Rogers.
rerresentinG !. s. Morgan; instituted criminal
An indictment followed and was placed In
M and Herba but
trace Of richardson could he had.
Inquiry was made at his residence to day
and the summons was answered by a servant
who said she did not know whore Mr.. tichard-
son was: but his wife could Tell. and sho was at
Additional Information goes to show that
lRiehardson has fled to Europe. and it is said
charges him with receiving by false pretenccs
$l75.OUO from j S. Morgan.
Ial gone: He had not heard from him since
uue 10. Wiicu lle Ndb NJ DIX barDOT
He mad never found anything wrong with his
been unfortunate ones. Richardson was the |
financial man. and he tDenniel had been as
sured by dozen bank managers that there
was no charge aga inst him personally.
Arbutheres Latham Co.. Of which George |
c. Gordon. 80 Wall street. New York. Is agent |
had lent Richardson money without security. |
In their report hoy state that the sum out is |
uncertain. but Is large. Atlas National Bank !
had given tho firm Its note for S2S. 230. SO. and
had as deposit only $3.50.
O. NJ. bailey Of Winthrop. Me-. gave notes for |
Sa,3232. and has no security. From Mrs. |
Ellen ". Barker he got a loan OF $40. 172.5l. |
and she has no security.
The National Revere Bank had dealings |
with Richardson to tho amount OF S3.O62. az. |
the National Rockland. $1,000: the Naum- |
kenC National :, Bank. Salem. SG.17o; |
S4OI0Io: sands 4 Leckle. 20 South
street, SI.955: the Shoe and Leather bank. |
$40 33: the state National Bank. SH.3l5; tho |
Suffolk National Bank. S20.34G George p. |
Bncher OF Bostonilonned $1,000 to Richardson. |
Barring Bros. co, and kidder. Peabody Il !
Co. state that theylet Richardson have S25. 900 |
mot TG ns cs thG thGy ps6 are TP0n
list OF Sn5O.2Gl as the security is worthless.
sG.59S34: International Trust Company
S3O.3O5. AZ: Lincoln National Bank. Sc. 30a7i: |
Manufacturers National, St273:J; $. Morgan |
& Co.. 81 5000; National Bank Of Redemption
S25.876.17: National Hide and Leather Bank, |
Sl2,sl317: National Park Bank. New York.
$6.U37.3i.