The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-11-25
Mr.. COLEMAN'S KITE FLYING.
SERIOUS CHARGES AGAINST TIE EI-
PRESIDENT or TWO BREWERIES

n. .. e,is 20 Have Raised Sfo.ey Upor
| ChseHs sig~sa IN BinnE by Hsnsers-on at
| sChsrry street ssioou-Heid IN $4,000.
novel method Of exploiting 1rm's credit
Was exposed to q crowd OF very interested lis
tsners at the examination OF Matthew Cole
| man in the private room OF the Essex Market
| Police Court yesterday afternoon. Mr. Cole
| man was formerly President OF the Mutual
Brewing Company Of College Point and Of the
Coleman Brewing Company OF 400. 451. and
459 West Fourteenth street both OF which
concerns are now In the hands Of receivers.
and about week ago he was arrested on
charge OF grand larceny. preferred by Major
Edward Duffy. receiver for the first mentioned
OF the two breweries. The ex-President was
srraigned before Justice Ryan and held In
$4,000 bail which he furnished. His eIami-
nation was fxsd for yesterday. and II was not
until then that his business methods we're
brought to light
Major DufYy was present. and Mr.. Maurice J.
Power was there. too. Both men we're at one
time directors Of the Mutual Brewing Com
pany. and were persuaded by Coleman to buy
stock at 40 and $50. The stock is now not
worth . cent and these two ex- directors are
out just 1851 900 on the transaction. Mr.. Power
IL said to have had so much confidence In the
Investment that he borrowed $4,000 from a
relative and put II all in brewery stock. Mr..
John NJ Hayward was also persuaded 10y Cole
man to take an interest In the manufacture OF
beer He did SO to the extent OF S57.O 900. and
placed his son In the Offices OF the company as
Treasurer. John NJ. HAYWARD. Jr. however.
was not satisfied with tho business methods
practiced by the Mutual Brewing Company.
ana he withdrew In the early part OF this year.
Mr. Matthew Coleman then took entire
charge Of the banking and discounting busl-
ness. and had everything his own way. lie
placed notes to the amount Of about 100000
with the West Side Bank. but that institution
finally asked him TO reduce these. This was
in May. and the reduction was made so slowly
tif 1t was made at ALL that the stockholders
began to suspect that all was lot right and
applied to Judge Pratt. in Brooklyn. for q re-
ceiver. Major Edward Duffy OF tho Sixty ninth
Regiment was imm ediately appointed. Since
then the brewery has been running along on
full time. and is said to be making money.
terday. but lie. m ereiy said that he had been an
ago. th. MShsw Go.msn 'n Mss
President at tho time the concern came into
President Tet;en Of the West side Bank
then then s99 OK t t stand: and Lawyer HepdTick:
brewing company, The transactions, from
which these proceedings have resulted began |
Of the notes endorsed By Coleman. as Prest.
dent. were good paper. Then. II is alleged. |
good at the maturity Of the latter. |
1t is alleged that Coleman used to send blank |
at q Cherry street. who secured signatures
and returned the notes. which were atterward |
4 filled L. out BY Coleman: endorsed by him. and
checked out. and as soon as the notes became |
due they were replaced by others OF a similar
When the fraud became apparent the notes
went to protest and the bank recovered iudg-
ment In every case against the brewing COM
purporting to have been drawn ty P.W. Boiger
Meyer for $3.50. by Daniel Tobin Tor 500. by
I'll TLm.oshy pacsy for 1900. hy Joseph II. 0Hsro
4; Harmon for $3.50. by j. ]. Mc1irath fos
~, 200. by Patrick Dwyer for $1,000. by
81 Shsa bg P sG b rstT f.l
When saloon Reeper Comstock was put upon
the stand he swore that blank notes had been
by hangers-on IN his place. The men would
ign LOT the con1ssderation OF glass Of beer.
those he had had signed and in ansWer as is
Lawyer Hendrick gave the following account
oil the men whose names appear on the paper:
81 u week. He had no other resources. Dacev
was minor whom he signed the blank note.
distributes papers o'Hare is a shoemaker.
and has been IN Jail since he signed the blank
nots never knew Harmon to do work of any
KIND. Nike shea is a truckman. James Kelly
has no occupation: None OF these men has
any m one that I know anything about and
,nsy 9hea tne notes tnese was nothing
Comstock then said that he took four OF tho
DSny and gave them to Coleman. ! Thqee 9TH 9th.
as he mailed to Henry Evans. the Secretary OF
&. Evans who had s:ksd
.ould; 1t makes no difference"
The case will go on aeain at 10 30 this m orn-
ng In the side room Of the Essex Market Court