New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-04
P1RTNER AND FUNDS GONE.
A MEMBER OF THE FIRM OF A. n. oIA-
TER MISSING.

JOHN BOYLE TAKES OVER $4,000 OF THE CON-
GERMS MONEY AND DIsAPPEARs-HiS
FRIENDS THINK HE WILL RETURN
John BOYLE a partner in the Cotton Exchange
firm Of A. ~ Setter & Co.. IS missihs' anu o'V'
So 900 OF the FIRMS money has dlsapped''' WIZ"
him. Mr. Boyle had the right to sign the i'''''
name TO checks. and on Thursday ne maae ou'
three chccks-onc for $4,000 on the Corn EH'ha"se
Bank and tho other two for 200 and little over
s.. 900. respectively. on the Merchants N"''o'''
Bank. and had them certified He then went 10
the Office Of Whann & Schlcsinser' o' NO val"
ST., where he invested $4,000 In new 'oVerh"e"'
4 per cent coupon bonds and IL Is Supp'se''
cashcd the check for $1,000 and went AWAY io'
parts unknown.
Mr. Boyle was At the Office Of setter G. 20 UP W
II O'Clock on Thursday. when he went OUT anu MS
failure TO return In the afternoon lea 10 q S"Hi
cion that something was wrong and when he did
not appear at the Office yesterday morning an III
qulry was Immediately begun. The firm kept
deposit II both the Merchants National Bank ana
the Corn Exchange Bank. and Information wac wac
got at these Institutions about the checks ne .,'
had certified The checks were then traced 10 inc
bond house Of Whann & Schlesing"r. wnere IL ""9
learned that he had invested 10000 Of he money
Yesterday afternoon the announcement was n''le
on the cotton Exchange that the hrn oi y. y.
setter n 60. iLtV be'n ilSSplN'u anu
made for all outstanding contracts 10 De haniru .
over to Mr. Setter. The contracts showed that
there was nothing wrong as far a they we're con-
ccrnel. and az examination of lioylcs DOCKS ue-
velopcd no discrepancies IN his accounts
Boyle. rs a member Of the firm. had the priVAege
to draw money in the interest OF the cohce'i,
business but he had 10 authority - use me
money for personal investment purposes. anu ~
appears that his action was a pure case of m.sap-
plying money. His friends said yesterday that ne
would probably return and show good cause Tor
Ifc agfI, lttf N Of
rounding his actions. this hardly seems pToDaoie'
The affair has been placed in the hands OF me po-
lice of this city and Brooklyn Boyle lvcd IN
Brooklyn. with his mother At the once ol MI
Setter il was said yesterday that Boyle was be-
lieved 10 have a wife living in Paris.
Boyle had been in the cotton bnsiness for eish-
teen years. having entered the cltton-Dr"HerASr
house u Chapman d SETTER when he was boy
Five years ago Mr.. Chapman retired from me
firm. and BOYLE was made n partner: MS in','rS.
I'm the business. however was small. ana iid hV'
amount 10 as much as the money he invested III
the Government bonds. MI. Setter was ou' OF
town a good part of the time. ana Boyic ran t'r
business In his absence and a. all times was me
active 0f'l ra man Of the firm He was truslcn ana
was considered "A man OF ability. II couin ~, Dc
learned whether or not ne speculateD Mt. ''I''i
believes not Mr. Setter said yesterday tha' ihe
loss would not force him % suspend. rs Tar as
can be- learned. the firms contracts are all right
and Mr. Setter will continue In business The hrin
of y y Setter & c.. had an excellent reputation
and carried on a good-siz,d business
When q reporter called NJ ~. - Spencer-s'
Rovle's home IN Brooklyn. last night he was re-
fused ,lruiitancc 10 the house. \ young man
who was conVersing with two young girls IN 'front.'
Of the house advised one of the girls who later
proved L. be Boyles niece. not 10 tax Young
woman who was paving a visit AT E0yle's HON"
said that Boyle was always regular In HE habits
and that he was an attendant AZ 81 Patrick :
Church. In Kent-ave. Boyles mother. VINO ~
slxtyh years old. is under the impreesion N that
her son has met with an accident. and last night
she was hys,ercal. and several neighbors were
trying 10 console her The house In which me
missing man lived is two-s;ory frame anair. IL
is a rear building. and the property is owned oy
his mother Two young men who were spoken To
said that Boyle was a quiet. eAsygolpg sort ot a
young man and never frequented any places IN
the neighborhood.