The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-06-09
WHERE Is F. W. PUGSLEYf
WANTED IN PoUGHKEEPsIE TO En-
PLAIN HIS TANGLED 4PF4IRS.

Confusion In the Accounts or an Estate OF which
He was Executor Until Removed Yesterday
by the Surrogate - Hi- Model Career Beroro
Tie Embarked In n niE business Scheme.
PouGHKEErsrE, June s.-The closing chapters
are being written in the life history of q citizen
whose career for years was pointed out TO young
men MS q model of all that was worthy of emu
lntion. As far as tho facts arc known, in tho
misfortunes that have come to Frederick W.
Pugsley. lawyer, business man, and Sunday
school teacher, he lived modcstly, quietly, and
with tho respect of his fellow townsmen, con-
tent for twenty-five years with a small fortune
Of 100000. After he had passed his fftieth year
he became possessed Of the notion that he could
realize an immense fortune by making paper
fashion patterns under patents held by a man In
this city.
A company was organized under the namo Of
tho Imperial Fashion Company, later called tho
Imperial Publishing Company. A Western man
was interested in the scheme and O large plant
was established in the Winnikee Rink, which
was later enlarged by the erection Of a pro-
tentious brick building. The company not only
made patterns, but printed fashion magazines
and pamphlets. which were scattered all over
the United States. Offices were established in
Now York and Chicago. and tho concern showed
every evidence of prosperity. A year ago camo
a crash. The company failed for a large amount
of money and had no assets to speak of. Mr..
Pugslcy was appointed receiver, and an effort
was mado for a time to secure n reorganization,
but it dropped through. Affairs went from bad
to worse. and finally Mr.. Pugsley was removed
Us receiver and G. W. u. Arnold named to sue
coed him. Mr.. Pugslcy was brought up under
supplementary proceedings, and talk about his
financial standing led to an examination of his
ACCOUNTS as executor and trustee under the Will
OF Margaret ]. Myers.
To-day on ex parte proceedings no was re-
der issued by, Surrogate Dorland. The petition
under which he was removed recites that Mrs.
Myers died in 1893, leaving q will by which she
appointed Alfred b.. Smith and Frederick W.
1896. In July. 1894, an application was made FOR
an HGc1u MI and NJ. 8! Smith nth presented a claim
lowed him $4,000, and That proceeding is now in
tho Court Of Appeals. The accounting OF the
s25.l9; that they had paid debts, legaoies, and
expenses - asln os Iah e. to $So; o2e;52 !, and had a
The executors were directed to deposit in the
Fallkill National Bank $4,000 to provide for
the result Of e suit brought by N. J: Myers
sequently stated to the Surrogate that they had
DEPOSITED 1t, Tho residuary leeatees. 1t was di.
them has received his share and the petitioners
now state that the executors never made the do
and ali that can now sHS b found Of T the $as. 4s ssa u
which was held after tho accounting, Is a deposit
of S13s.6s in the Merchants Bank and SGT. 1t
in the Fallkill Bank.
A number OF Withdrawals from tho banks
from 1894 almost, TO date were made by MIR
Pugsley by checks to his own order. MI. Pugs
Icy has been communicated with by tho attor
ncy for the. legatees, but he has not revealed
where the funds of the estate arc. He receive.
mail addressed to z Arlington avenue. Jersey
City, but his wife informed the attorney for the
~legatees that they live out In the suburbs, anG
not at that number. His present whcreabout.
are unknown. Unless the whole fund Is deliv
cred his bondsmen will be sued. and now that ht
proceed against him criminally, but they vii
have to find him first.
Joseph A. Welch of New York Is attorney FOL
the residuary legatees and tho man on whose
petition Surrogate Dorland removed Mr.. Pugs
ley. The legatees who will be the losers II thu
funds are not restored are the American Trac
Society, the Board Of Foreign Missions of tn,
Presoyterian Church Of the United States, thu
American Missionary Society, the American
Bible Society, the American Seaman's Friend
Society, and the American Colonization Society