The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-04
BREWSTER MAY BE BAGGED
SUSPICION THAT HE IS IN HIDING
AT ATLANTA.

Arrest of His Partner to Occur To-
day-CreditOrs Charging That the
Firm Was in Business to Defraud.
Additional Liabilities Coming to
Light Daily, and the Total May
Reach 100000.
Atlanta, Ga, June 3.-Developments in
the Moody & Brewster failure continues
to be made
| Interventions by foreign creditors APP
proximating $4,000 have been prepared and
/ filed to-day, and a general charge of fraud
is made against the firm.
| 1t is understood from the attorneys rep
! resenting several Of the foreign creditors
this afternoon that warrants are 10 be
, issued for the arrest of both members
of the firm at once, and Mr. Moody, who
I has made no effort to hide himself, will
be taken into custody not later than to-
morrow under any circumstances. An ac-
cusation was sworn out late this after
noon for Moody upon a charge of cheating
and swindling. The accusation was issued
at the instance of Attorneys Hammond,
Skeen Langley, representing Bacon &
Co. of New York, Misrepresentation by
Moody to a member of the New York firm
as TO the firms assets being the basis of
the action. warrant will issue to-mor-
row, and Mr.. Moody's arrest will then
follow
In connection with this movement to in
stitute criminal proceedings against the
firm, it is said that Mr.. Brewster has not
skipped out TO Canada, but that he is in
hiding in Atlanta. a search has been going
on on the quiet for him to-day, and some
of those interested assert that they would
not be surprised to see him under arrest at
any moment.
One claim for $4,000 was sent to Atlanta
to Attorneys Hammond, Skcen q Langley,
this afternoon, by the Merchants Nation
al Bank of New York. Moody & Brewster,
up TO a short while ago, did business with
this bank. and had an account there. They
changed their account 10 another bank,
however, after getting into the Merchants
for $4,000, and it is expected that this 9TH
er bank viii be heard from as a heavy
loosen also in due time.
Mr. Moody has himself declared that he
has no idea how much his firm owes. Liza
bllities arc piling up so fast that they
may go to 100000 with assets not half that
amount.
One of the attorneys In the case to-day
stated that the Wholesale dry goods bust
ness was only an incident in the scheme of
fraud, which 1t Is alleged that Moody &
Brewster engaged in. 1t is pretty well es-
tablshed so far that they bought dry
goods from everybody from whom they
could obtain credit in turn giving mort
ga es on These goods to raise cash.
The other part Of the operation is in
connection with the fertilizer business
done by the firm under the name of the
Pacific Guano Company. 1t is alleged that
they secured $4,000 worth of fertilizers on
credit which was sold to merchants, these
merchants taking notes from customers
and indorsing these to Moody & Brewster
in payment for the fertilizer Stacks of
these notes are now in the hands of the
Atlanta banks, where they were immedi-
ately placed as collateral by the firm The
banks are, of course, secured by the In
dorsement of the merchants 10 whom the
goods were sold, but the fertilizer manu-
| facturers who sold the firm are out in
| The cold.
! One of the petitions filed to-day states
| that Mr.. Brewster. when in New York last
| winter, represented that the firms assets
were $176, 033 80, and its liabilities $46 421 So
making their net worth 1929 611T In ad-
dition it was claimed they owned 81, 800
worth of unencumbered real estate On
| May &C. a few days before the failure
| Moody & Brewster mailed to Siberstein
| Hecht &c Co. of New York notes for 50 900
/ for goods just bought of them, and said
| TO be not yet unpaeked. The New York
! firm will claim the notes were sent for
! the fraudulent purpose of closing up the
! contract so the sale could not be revoked
J and the goods recovered