New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-09

A s7poNo DENIAL OF THE REPORT THAT HE
WAS A DEFAULTER-HE LOST SOME MONEY
sPEcuIATING IN WALL STREET.
A statement was published yesterday that Al
fred F. Smith. the New-York agent for the Glen
Paper Manufacturing Company. OF Berlin rams
n II. was n defaulter and had disappeared.
II was alleged that he had taken 100000 OF the
companv's money. and about $4,000 which he had
borrowed from friends. II was also SAID mat
he handled about 100000 OF the companys
money during a year" and that when reporter
called at the New-YOrk Office OF the company. al
No ia Nassau-st. he was met at the door by
Frederick Smith, a brother and assistant OF the
missing man." who said: He IL gone and re-
fuse to say anything about the matter. out
/ do not object to the publication or the TACT thht
my brother has disappeared.
Mr.. Smith was seen at his home. IN Halfway
~ J.. by a Tribune reporter last evening the
reporter was received by lawyer, who said ne
was Mr.. Smiths counsel, and had full authority
TO speak for him. In response TO questions by
the reporter the lawyer made a statement as ioI-
lows: 81 am Mr.. Smiths lawyer. not for de-
fenca FOR he needs no defence. but for the pur-
nose Of bringing suit for damages against ms
defamers Mr.. Smith is not defaulter ana mas
not absconded, but is now here In MS own ho''e
from which he has been no further INA" ~
New-York. He was salesman for the Glen IaPcr
Manufacturing Company, and sofa large P""h"-
ties OF paper TO the New-York newspapers uhuer
yearly contracts. Bills for THIS paper were
sent from the home Office. in Boston, unv'
to the newspapers, weekly, ana were PdiH ~
checks invariably drawn to the order Of the
companv These checks were generally sent ci-
rect 10 the home Office. though sometimes my
would be sent to Mr.. Smith. who would forward
a
salary and a short time ago he lost good
deal OF money IN speculation ana borrower
considerable sums from his frlends 10 meet
those losses How much did he borrow? Ihat
is immaterial but It was not greatly In excess
Of $40 00O and he has made satisfactory h'I"'S
ments for it's repayment ne ioSt en-, ''
rho cornpany became aware OF these
facts and asked for his RESIGNATION WHisn
he sent In two weeks ago yesterday hul III"
company Is most friendly toward hifi' az
we'll know for have been to Boston ana taikeu
with both Its president and treasurer IN, lnIy
assured me that his accounts WIZ pe, ~ .,, d
straight and that there was positlVey no "
falcation They said they were sorry 10 Iosc
Mr. Smith, for he was the best paper , sa,eSin '
In country. VIII he be reinstated! wen ~ M
I cannot answer definitely. IT would haruIy
be proper for to make any specinc sta.e,'
on that point, but may say that IL u hot u'l-
likely Mr.. Smith never handled any OF me
tcompany's money, except a Re" huhurcd
i
paying incidental expenses When NE NE
resigned. he had 1926 in this iuhd; wm icn,, n
promptly paid over, and for wtich ne IccrNcu
a receipt The Frederick Smith spoken Of as Il
BROTHER Of Mr. Smith. Is Frederic Schihldt' Il
Youth about twenty years old, VINO Is not MS
bother or in any way related 10 him lie IS
sTt OF an office boy. That is the whole story.
Mr. Smith is an honest reputable man. hshy
esteemed by his ncghbors and acquaihtahoes
IL. has been outrageously mailghed, anu
think he can easily recover heavy damages
Now to show you that Mr.. smith mas not MS
appeared will call him. and you may TAX 10
n m yourself" ,
! Mr. Smith who up stairs, iniinedately
came down when called and fully corrObofated
al that his lawyer had said. adding mat, IN
s.ead of disappearing. he had visited TINS cry
eyery week day since he resigned. Mr. smith Is
about thirty years old. He lives with his WIRE
and infant child in Il commodious frame house
which IS tastefully and comfortably. but not
eytrsyagantly furnished. He was at one time
ogent for the Winona Paper Manufacturing
comnany of Holyoke. Mass. He was also
GrmerIv a we-known baseball player and IT IS
said that he first met his wife while playing
" match game OF baseball at Railway, several
Years ago. The reporter was Informed by some
~ NJ Smiths neighbors that he was man
~ ewemplary habits not indulging In dss patton
or extrayagance OF any kind. and That he was
extrcmelv popular with all classes In halfway