New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-25
HOW WAS THE MONEY USED?
A THEORY THAT sEELY WAS INTERESTED N THE
HoYNToN BICYCLE Electric RAIL
moan g~ rose; ISLAND


valuable clew as to how the enormous sum
o. money taken from the shoe and Leather Bank
hy Samuel C. secly was expended has been
Furnished bv Austin Corhin. Yesterday after
noon Mr. Corhin cent to all thu newspapers To
have reporters cell at his Office IN the 'orhln
Building In Broadway. In ORDER That description
Of fh. bridge which the Long Island Railroad pro-
poses TO build over the East River AT Black
vell's Island might be- made public. While the
ro,ortors were there listening to an explanation
az th. plan from Thomas Ryan. Mr.. Corbins con-
nIeniial man. Mr.. Corbn called Mr. Ryan out OF
the room and the two men remained away some
minutes When Mr. Ryan returned TO the re-
uoriers he remarked: Mr.. Corbin says that the
d,faulfer Of the Snoe and leather Bank is the
man who IS backing the Boynton Bicycle Electric
Hallway.
II Mr. Seelv is the who is back OF this
bjcycl. road It Is easy to account for the manner
In which some. If not all. OF the missing AS'""
has been expended. The Boynton Bicycie Elec-
trio Railway Company is one OF the most am
bilious financial schemes ever started in or arouni
N.w-York The company IL capitalized at &7',-
u, and Il proposes to run its lines not only all
over the island but TO have connecting steamship
lines on the north side with Newport New-I'on-
dom New Haven and Bridgeport. ana on the south
with Philadelphia and Charleston II Is wei
known that the company Is avowedly rival tc
the Long Island Railroad Company. In Its elab-
~ Long Island Is given, showing. approximately.
bovr many dollars the Long Island Railroad takes
I'm annually AZ each OF It's passenger stations. The
proposed lines Of the Boynton Bicycle Electric
railway are laid out expressly with a view or
co,nneting with the Long Island Railroad. and the
two companies have been lighting each other des-
nerately for the last few years
The Boynton Bicycle Electric Railway Is largely
,h irvention OF Et~nezer Moody Boynton who has
had considerable experience In inventions. lie
f,,,rded The Boynton Saw and File Company in
Hoston which failed some ten years ago. The
comnony was founded some very ingenious in
v.ntions OF Mr. Boynton After the failure of the
CO.., and File Company Mr. Boynton perfected his
idea Of the Bicycle Electric Railway. and 1t has
been I'm successful operation between bellport ana
Bellport Station. on the Long Island railroad Tor
some time There Is no denying the tact that the
railroad g. success far as quick transportation
OF Messengers Is concerned but the general intro
irc,ion of the system throughout Long Island has
been DELAYED. and that is what has prevented the
company from realizing the great profits 1t ex-
pccted.
with this scheme OF transportation Is Frederick w
Dunton. who married a daughter OF Austin Cor
hin II f. well known that Mr. Dunton and his
f,ther-ln-Iaw are not on friendly terms and some
say that they do not speak to each other
when the Bicycle Railway was projected Henry
GIentworth Wynnc was engaged by Dunton to
tobacco and the other electrical machine fac
tory Wvnne is in the Tombs under sentence
of six-and-a half year imprisonm' nj ior grand
larceny In stealing $1,000 from Mrs. Eads ana
81 600 from Mrs Annie Oliphant, -
that Mr. Seely was Interested In reducing the bail
OF Wynnc. . .,-,,oo ., -, CT.
went into the Boynton Electric bicycle Railway Is
supported by strong circumstantial evidence. But
n il NOT beiyed that Seely expended the money d.
recty The belief that he became involved IN the
scheme and WAS, to certain extent. compelled To
nav money into II in order to save what he had
already nut into II IL growing In the minds OF many
narsnrs His simple and economical habits, his
ccarcworn and emaciated appearance and the gem
eral tenor OF his life showed that he was living
any,binU hui an easy life. He certainly was not
roii,ne in luxury. Ninety-nine times out OF 100
The thief cannot resist the temptation to indulge IN
,ho good things OF ne. II Mr.. Seely stole S3JiUo
he r,rst have been extraordinary man II he re-
s,s.nd the temptation TO indulge In some OF the
iinxnr,es of NE during the several years he was
receiving the money. ,, -. -. ,.,.,,
vigornns and continued ringing at the doorbeil
-, NJ Dunton at Hollis. l.. l., last night failed 10
bring any response. SO that an enort TO talk with