Takes The Matter Coolly

Saoinaw, April 10.- Newell B. Parsons, head bookkeeper of Wells-Stone company, who was arrested Sunday charged with grand larceny in removing 23 books from the vaultof the coinpany covering its business transactions the last seven years, was arraigned Monday afternoon and bail fixed at 7,000, to appear for examination April 16. It is expected that bis bail bonds will be signed this morning. Parsons takes the matter very cooily. Members of the firrn refuse to talk at al] in regard to the matter, but the property taken has not been recovered and there is strong circumstantial evidence that it has been destroyed. The motive of the taking of the books 'can only be conjectured, but the theory is tbat it was for the purpose of covering peculation. It was reported that Parsons obtained 35,000 in currency on March 9 on the company's check, but this is denied. C. W. Wells, the active manager of the firm was drowned in Minnesota, Oct. 18 last, and F. C. Stone was taken ill and died six weeks later. Rumors that the larceny of the books of the company will cripple it financially may be set aside as idle gossip. as members of the firm are worth several millions.