Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-04-05
THE NEWTON MIDDLE
More Crooked Financiering Brought
to Light and Exposed.
Powow Banks Action Still
Remains Secret.
The Bogus Bond Holder Makes an Effort to
Square Matters.

NEWTON, n. H., April 6.-Town Treas
urer Axtel and othor town officials
were at the town building yesterday for
the purpose of redceming tho sil0O
worth of genuine bonds which were not
presented last Tuesday. The officials
were disappointed, however, for not sim
gle bond, either genuine or bogus. was
presented for redemption. The officials
are at loss to account for the non appear
ance of the good bonds, and they would
not advance any reason whatever for this
unexpected feature Of the famous bond
case.
The genuine bonds will bc paid on their
presentation at any later date. The
Powow National bank OF Amesbury did
not present the 5000 worth of bogus bonds
which it possesses, and the note for which
they hold these bonds as security went to
protest rs anticipated, hence the bonds are
now the property of the bank.
1t cannot be learned what action the
hank will take, but the conflict over these
bonds now lies between the bank ana the
person whose note 1t holds Lf the person
who gave the note docs not redeem the
bogus bonds by placing good security
with the bank officials, 1t is safe to say he
will be prosecuted on Il charge OF forgery,
as the Powow bank will be out 5000. The
bank officials have for II week past been
inclined TO extend every opportunity TO
thu author OF the bonds to redeem them,
but us yet 40 satisfaction has been had.
Curious financial operations. in which
q certain Newton man, whose name Is con-
nectcd with the bond affair, is concerned,
are coming To light rapidly. In this con-
nection it may be stated that the person
in question, whose name Is withheld for
varinus reasons, failed to pay So TO the
fro department in 1893 which should have
been paid.
Nothing was talked Of last night but
the latest developments in the bond for.
geries. and all day the town house was
swarmed with citizens anxious to know
further particulars. The failure of the
holders of the S4l00 worth OF genuine
bonds TO present them for redemption was
great surprise. Nobody here as yet has
attempted to give an opinion as To their
whereabouts.
Consternation Among Town OmciaIs.
Town Treasurer Axtel and ex- Treasurer
Wilder are all at sea i'm the matter, and
express as much surprise us the citizens
themselves.
1t is not known how many additional
bogus bonds are in existence, and until
this Is known the bond difficulty will not
be brought TO u satisfactory end. There is
considerable talk OF suits pro and con pre-
vaiiing against the present town officials
who are conducting the estigation, but
1t is we'll known that there is no ground
for "A suit or suits against the town Off
GERS
PRESIDE Bagley OF the Powow National
bank OF Amesbury, Mass, announced last
night that he had received a visit from the
one who placed the bogus Newton IN. H.
bonds at that institution. The visitor
offered TO make n payment OF 5000 today.
On this promise President Bagley offered
to withhold action.
1t can be stated that the bank officials
do not place "a great amount of faith I'm
the promise made. 1t is also stated here
that some Of the missing genuine bonds
are held in Amesbury by private holders,
who will present them at the Newton
town hall for payment in a day or two.
The names of the holders cannot be ascer.
tanned
If payment is made by the Powow bank.
and the $500 bogus bond held Ivy the Gran
ite 5 ate National bank at Exeter is re-
deemed, the investigation will cease, pro-
viding additional bonds are not found by
the Newton authorities I'm the meantime