Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-05-27

Defnloodons and DOvosOpnonss-9uiekdo of
70 wall sxess Breksr-In4asss ~ EasaIess's
Cove
We stated in the Herald last week, that some very
extraordinary developments were the tapis which
would partie affect the regulations of several
nen Of high standing in the commercial world. One
of the cases to which we then alluded, exploded
Saturday, and several others may be looked for in
few days.
At the opening Of the banks that morning, rumor
was spread through wall street that Bill Broker in
very Lgh credit and repeatedly wealthy, had either
fled to Texas or committed suicide. On making en-
quiry of those most likely to be weinformed Of the
real state Of the case, asceraned that the latter
conjecture and that the peeson alluded
was Mr. J. Schultz, Bill Broker, Of Jones' Buildings
all street On further enquiry ascertained that
the unfortunate gentleman had for some time past
been doing large business agent for wealthy
German and French House in the purchase Of Bills
OF Exchange for to Earope. In the
OF these Transactions large sums of money necessarily
passed through his hands, and it is conjectured
that much OF the paper he handed over bona fde
purchases will be returned with the brand of for
gerry on them. 1t is supposed that the houses of
Schmidt & Co, and Holfsrd & Co. have been bitten
to large amount in this way and that many others
are suffering also, who do not like to let it be known
because il might affect their own credit.
On Friday, Mr.. Schultz was at his Office, and on
Change doing business, and apparently in good spi-
rits. That afternoon he proceeded to his Cottage
Onee, at Hallett's Cove, and directed his house
keeper to send SEINE tea up to his room, he did
not feel we'll The tea taken up TO him, and the
attendant found MIR. 5. reclining the bed, with
cloak thrown over him. As he appeared in a sort of
doze, she drew down the cloak to arouse him, and
saw small blue paper marked "arsenio-poison."
The girl instantly gave the ALARM and DR.. Bayls the
only physician residing in the village was sent for
On his arrival, he administered the most powerful
aLtidotes, but Mr. S. told him very cody and calmly
hat hara ko had faEa do,
before he left the city, and another since he arrived
at home.-That he had no desire to recover, was
perfectly satisfied with the ne had pursued,
and only wished two letters to be forwarded which
he had prepared previous to taking the arsenic. One
letter directed to his son, who resided at Phia
delphia, and the ether to Danish gentleman, Of the
same city. The packets were of course immediate
y forwarded and every exertien used to prolong the
life of the sufferer until the persons sent for could
arrive, but without avail The clergyman Of the vii
lage, DR.. Baylis, MIR. McGimpsany, and medical
gentleman from the city sat up with him all night,
and did every thing to alleviate his sufferings, which
were prolonged until about o'clock Saturday
morning when de expired, perfectly conscious to the
last.
Mr.. Jackson the Coroner, for Queen's county, held
an inquest the same afternoon, when the foregoing
facts were elected, and verdict Of suicide by taking
arsenic, recorded.
The two gentlemen to whom Mr.. Shultz had ad-
day afternoon in time for the funeral which took
place about o'clock, and was attended by nearly
every inhabitant of the place.
As this melancholy affair has created great SEN
sation both In the commercial and fashionable circles
annex such further particulars of the that
gave rise to it, we have been able to collect
Some years since, Mr.. Schultz resided in Amster-
dam, where he was much respected a a man of pro-
by, and looked up to as a merchant of great wealth
and extensive connexions. He married a very bean
tful lady by whom he had several children, andwhen
he was supposed TO be at the acme of felicity-the
steady burghers OF Amsterdam were astounded the
news of his stopping payment His wife's friends
and relations Immediately came forward and offered
TO settle all claims against Mr.. Schultz il he would
leave the city and 90 TO America without his wife.
The arrangement effected, and after visiting some
of the Southern and Western cities, Dir Schultz set
tied in New York in 1888 81 Being man Of
great accomplishments and very polished manners,
he did not long lead single life in this gay city, but
in the course of few months bought plot Of ground
at Hallets Cove, where he erected very beautifully
cottage, surrounded IT with shrubs aud exotics,
and furnished it with every elegance which the most
refined taste coSld desire, or wealth procure. To
this retired spot he brought very elegant female,
who was OF course supposed to be the only Mrs.
Schultz. Last week, however, il is said, a rumor
reached him that his 6rst wife had arrived in this
country, and this is supposed to have fastened the
catastrophe which il has been melancholy duty to
hold up as warning to saints and Sinners priests,
feet; bat, from knowledge Of the state of morals
in this age Of cant, We fear il will prove otherwise
AsPHALTUM PAvEMEsTs.-This article, for paw
ing Streets has become, OF late years, Of great i'm
portancs in both England and France. In Paris, par
it has made great progress and number
Of streets and public places have already lad it
cessfally applied to them.
An artificial asphaltum has been invented by Mr.
H. Deabouglse, of 93 Liberty street, which posses-
ses many advantages over that frsm the mines. II
can be adapted to the paving Of roads at much less
expense by being combined with square, wooden
blocks. Ii has also been successfully used a. a sub
situte foriron rail roads; also side walks terraces
ponds, canals, cutters, and spouts for churches and
generally, all those large workswhch require te be
water tight. Ii has been substituted for marble in
number OF cases, and entirely impervoust to the
frost and damp. There numerous other purposes
TO which it may be applied with great ad vantage
The inventor Of this article to this city from
France, with the intention Of prosecuting its appli
cation in all the variety Of forms Of which il is
pable The country possesses all the material for its
in great abundance, and OF as good
quality can be procured in France. Thus far he
has been very successful, and has hand about
b0, 900 lbs. of the asphate--sufIieient for abost
II, 900 feet Of cutters. But we understand family
require his presence in France-he
therefore is DESTROYS Of disposing Of the right to
manufacture, reserving to himself share in the pro-
able Investment, very great and well worthy
Of the consideration Of enterprizing capitalists.
onslaught on the Untarians last night at the Dutch
Church. We muck fear that the excellent doctor
will find the Unitarians harder TO swallow than the