The Providence news. (Providence [R.I.]) 1891-1906, 1902-08-21
M'CLEASE STILL ABSENT.
CONTINUED from page one.)

II Is now said that ne had for several
days been using his little inside pocket
as a place OF deposit of the 5000 now 80
anxiously looked for
IL such was the case ell he had TO do,
when President Stiles said that he was
going away. was 10 give the bookkeeper
a wild steer Of contemplated trip 10
Rochester. button up his coat. seize his
grip and slide out. There was no need
OF any formality at any bank counter.
The reQuest for a warrant for McClease
on the charge OF embezzlement mas peeh
granted.
photographs and a description or the
fugitive have been sent widespread.
All forsign-bound steamers sdlilns shCe
Friday will bo inspected on their arrival
Receiver Joyce took charge Of the Of
flee and assets today. Ihe assets ar
three pictures OF houses that were to be
built somewhere at some fame' Tor some
BODY. a. -
noon there was a constant string OF peo-
pie at tho office door -,
Ali knocked and In vain. The door
rosb,ng thai Mr.. Joyce could at presenf
impart which would In any degree oe
comforting. - 49,,
The Investors aPpsars.d1s .1s TO TO ,soe asve 0sen
one man showed two receipts for SIZE
each. gwen him by one OF the 5uo-aSents'
This money was paid for two contracts; a Us, ;,
Treasurer MoCleaSe went away GOO soon
10 flll these out for the young man
A local jeweler had sold McCleaSe sew
eral diamonds, the transactions being on
a en- sh basis at McCleeses q suggcStion.
A few days ago McClease was given TN
custody of $500 worth OF DIAMONDS Ihey
were cold subject OSssss q Sspprovab baa failed to
send either the cash for these stones OF
that he was stil considering the advisa'
bility OF making the purcnese
A decree was entered IN tne AppeIa.e
| division OF the supreme court today by or
| der OF Judge Wilbur directing that no.
| flee be given shareholders and other par
| ties In interest that a week from Satur.
| day there would be a hearing In courS
upon the question OF appointing perma'
| nsnt receiver.
Arthur w Joyce, who was yesterday
anpointsd temporary receiver at once tool
| charge OF the compeny's Affairs. He sus'
| pended the work OF loaning money for ht
| benefit OF those persons In providence
! who had become Interested In the com
pany. -,
| A party well informed as to the coudi
ton OF the company's business toid
| News roporter today that there woult
| probably be found only enough cash q
| pay for the receivership. One OF Tn
| counsel for President stiles stated tina
| the receiver could find out but slow,
| about tho company's Affairs. The mos
important book the cash book has no
| vet turned up.
IL is not believed that the oompan!
| succeeded I'm getting very extensfv
business here. There were many peopl
| investigating the plan but who had no
purchased shares up to the time that tn
| treasurer left town.
The agents OF the company II wae SAL
this morning got 81 on every first pay
ment OF g. they collected. Inside OF fev
days n is believed all the purchasers o
stocks will have reported 10 the receive
and then a fuller statement OF the com
pany's business can be obtained
Plans. Il is now stated. wero susgests
by Secretary Cooper n short time ago 10
launching the business IN Boston. Thes
plans wiil never now be carried on
though the president and stockholder
hope Mr. Cooper may return and give IN
receiver some assistance.