Arizona republican., 1903-11-28
THE DALTON INCIDENT
Condition Of his Business Being Care
fully Inquired Into.

Progress is being made in the inves-
tigation of the affairs of T. F. Dalton,
who left the city under mystifying
circumstances which have been hither-
to related.
Yesterday morning the relatives,
business associates, and others inter-
ested in the situation in a financial
way, held a conference and appointed
w. p. Cleery to represent them in
canvass of the situation. Theceupon
Roy Irwin surrendered his key to Mr.
! Daltcn's desk and Mr.. Cleary took
charge Mr.. Cleary spent the greater
| part of the day going through Mr..
Dalton's effects and such documents
ms concerned Manager Grunsfeld of the
Equitable Assurance Society, undeliv-
cred policies, etc. were turned over to
him, while papers in relation to his
| fire insurance and private business
were examined by Mr.. Cleary himself
so far as he had time to do sc.
| When asked for a statement con-
corning the situation Mr.. Cleary said
he was not prepared to make one. ex-
| cept that matters were not in as bad
condition as he had expected from
/ current reports. to find them. He said
| that Mr. Dalton had settled with the
Il Equitable company for all business
preceding October q and had settled
with the fire insurance companies he
represented for all business preceding
! Nov 8. so that any irregular trans
actions that might develop between
him and the companies must succeed
those dates. Asked concerning his
real estate business and private in
dehtedness he said there was moth
inG to say al that time.
Mr.. Grunsfeld. when Intercepted OF
the, situation. said he had not hat
time to go through the books ant
papers in his possession. but intimatet
that so far as he had investigated
things did not look at all good. Th'
inference from his remarks was tina
the situation was rather worse thar
he supposed. though he did not wan
to do the man any injustice, and pre-
ferred not TO talk until he had reached
the bottom Of things. He said that tn,
full nature of his operations could no
be determined till he had conferred
; with certain applicants for policies OF
which money was possibly paid hu
of which the company had no previous
knowledge.
Asked concerning the appointment o
Mr.. Dalton's successor. he said he haC
; received many applications for the Pc
sition, and probably would not b.
able TO make q. decision for a couple
OF days.
| Among other street rumors concern
ing Mr.. Dalton is one that he made
transfer of a certain piece OF proper
~ to three different men. which oi
the face of II looked bad. One OF III
interested parties were seen yesterda!
and said respecting it that the property
In question WA originally mortgage;
for it's full value or more. About flv
years ago Mr.. Dalton had given ;
decd of some sort to a friend. ask
ing him not to record it and that h,
had been obliged in the request. Abou
six months ago Mr.. Dalton applied t
the gentleman interviewed for n ia
Vnr, and as their relations had beer
intimate, he accommodated him as
friend rather than as business pro
position, but that he had at the tim'
given him security which he still think
is ample, and subsequently issued L
him also a deed for the property II
question with the request that it b,
/ not recorded. He said he knew the pro
perty was mOrtgaged heavily at thu
time and did not consider the dee,
III tHe llSnI Oh any lnlnB except as eNl
dence of Mr.. Dalton's good faith. II,
has been told since that the SAM
realty was decided to another Phoeni!
man since that time. but under wha
conditions he does not know. He say
he does not believe that Mr.. DaltoI
issued these deeds for purposes o
fraud, but thought when ne did so II,
could wipe out his obligations at al
early day and secure the return o
| them. 1t was his inability 10 achiev
this end. that with other things, II
doubt caused him to leave the cry
The gentleman addressed said he wa
not worried over the matter AM va
more deeply concerned to think tnI
Mr.. Dalton had found himself TO,
II greatly embarrassed to lonGe. i&c
the situation, as he had always ha;
confidence in him.