New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-08
ARREST OF JOHN Y. HALLOCK.
ACCUSED OF M1sApPRoPRIATING se5,SSs &c
UE HAD CHARGE or TIE FINANCES of
THEODORE PABsT & CO.. THE BANK
RuPT CHINA MERCHANTS

THEODORE PABsT 3 CO.. THE BANK
RtPT CHINA MERCHANTs.
Deputy Sheriff Mulvaney Yesterday arrested
John Y. Haock the charge Of embezzerneh'
and nisaDpropr.ating the funds Of Theodore
Pabst & Co. dealers in nnc china and glassware
at No. 20 Barclay-s Pabst & Co. was one -. Of
the best known houses in the glass trade. II
did an extensive import business. When the
firm made general assignment, on January 80
the trade could not account for the faliuTe'
Iorenz Zeller was appointed assignee, ana ne
Immediately began an exhaustive investigation
Of the firms books. lie found so he declares
that John Y Hallock, who had had the 1nii
charge OF the firms affairs, handing all fcceip'S
and making all disbursements, had coHec'ed
s526I72 TO- and had expended only Sioo'o"Z %!
leaving a balance OF s6J.SS9 26 unaccounted lor'
This money the assignee says, Hallock appropr-
oted for his own benefit IN hduciary capacly
The order Of arrest was granted by justice
Lawrence of the Supreme Court, VINO hAed pan
at $4,000.
The entire management Of the firms AFFAIRS
since January. 1892 had been intrusted by Mr.
Pabst TO John Y Hallock. Haock was mem
her Of the old firm Of Pabst & Esch. which was
dissolved IN 1879 Haock was retained by Mr..
pabst when he resumed business and While PabSt
0,d the buying Hallock attended 10 the finances.
In this way two bank accounts were opened
The regular firm bank account was Kept IN the
Chemical National Bank, while under the name
of r. W BedeH Iallock kept an account IN 'he
Irving National Bank. The funds in both BANKS
belonged to the firm and each account was drawn
unon as occasion required. The money always
caroe in bankers credits and drafts. Hallock in
such fduciary capacity. is charged by the as
sjCnee with msapprOpriaiing these luhuS'
dad ny
The payment of the balance was demahueu d!
the assignee but Hallock refused either 10 give
q IN or 10 tell what he had done with II. MI
Pabst in his affidavit says tnat ne hdu & ha
oonf dence i'm the integrity of Halock and that ne
had known him since 1873 Up to Few Weeks
rrior to the making Of the assignment me puSI
ness had been profitable. and when the ChelhIT "a;
National Bank refused 10 cash d u'1I , v'' ~
a. Mr. Pabst was dumfounded as he thought
~ frr, was thoroughly solvent. He demanded
an EXPLANATION and Hallock cOolIy toiu MIN Hi"'
the firm was inSOlNent. -.
Charles D. Phillips. the expert accountant VINO
was mn TO work on the books. makes afdavlt
~, batvoen January 1892. and January. 1884
JIaiIo.rk had drawn for his own account large
sums of money which had not been used In the
interests of the firm Halock, in oeiauIt Oh
GO mn hail was lodged in Ludlow street Jan.
W.ben Ualock's side of the story is heard it
Was said Yesterday. il may put different ight
or tho matter He was generally regarded as
we'll off and as the capitalist of several concerns
His office was at No HarrisOn-st He was
in business in San Francisco from 1891 10 ls No.
came here and became special partner in the
frn, of John +. Tyrre & Co, in the oatmeal
business Ii is also said that when HaHock
0as a silent partner in the firm OF PaDst %
Isch he financially assisted the firm. and IN
ISIS had 10 take the assets of that firm and as
snr,e the liabilities When the firm OF Pabst Dc
Aiming succeeded Pabst & Esch. in 1879, it Is
said he sold the assets for $1,000.