The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-04-02

ou never snail, You have felt aggrieved
IT the course have taken as a mem
ler of the firm with regard to you and your
interests. You Lave had ample reasons to think
bat so. So has every one in the pools. / think
hey all besides yourself understand matters and
eel differently. now waut to explain to you,
20 that you may understand too. Follow me
and when / am through judge for
Iourselt Almost Immediately after the stock
mad been purchased for the second Erie pool
recollect the brst pool stood at prott), almost
| say, Fisk and ! discovered to q
certainty that Daniel Drew and E. d. Burr were
engaged IN a cool, deliberate game to windle
and defraud those in the pools. We set up all
night over it at the Fifth Avenue Hotel, and
make up cur minds that we would take the fol-
loving course-be quiet and say nothing, as we
could say nothing that would benefit any one at
the time. To have told the members of the
pools the facts in our knowledge would have
of course, brought on difficulty at once,
in which event Mr.. Drew would probably
at the most have to do nothing more than
refund the original margins. The members of
the pool would just have recovered what they
put in, and would have gone from US, feeling
that they had got their tails out OF q trap and
would never have believed that Fisk & Belden
were looking after their interests, to let Mr..
Drew swlndle them under our very eyes. We
knew, Mr.. Drew knew, so did Burr, they had
been committing fraud, and were at the mercy
of any one insttuting an investigation. We
knew that Mr.. Drew could never get away from
this, II we kept the facts for proof, so we saw
that he would go on, and almost without doubt
speculate and make money. We got the second
paper signed we'll knowing that if it did not
result adyantageously we could have Mr.. Drew
held on the original paper, and If we did, we
could secure the profits accruing to those COM
posing the pool. Matters might be improved
could not initiate to the disadvantage OF the
pools. would say here that Fisk and myself
have acted throughout and entirely under the
advice of ID. ID. Field, and are confident that
what we now state to you is to be relied on.
MV hoo hoot, rloffr hou nod
large amount of money. He intends to defraud
the gentlemen in the pools out of their rights.
We have stood here, having appeared to stand
by Mr.. Drew; who has taken it for
hm through with his devilish schemes,
as he could not very well swindle
without Fisk and knowing it seeing in the
outset that by remaining perfectly quiet we
could put ourselves in position to see and
learn great deal for the interests Of the pools,
provided Mr. Drew did not mistrust u.s. He
never did, and does not now. Burr and ne both
believe that we are going 10 stand oy and see
you plundered. So we have hal to keep up
false appearances and suffer our friends to thiuk
i'll of us here. Drew and Burr have had a specu-
lative account here, and have lost great deal
OF money on 1t; and now that the pool has mad
a profit they claim that those transactions were
made for the account OF the pool. Fisk and /
are prepared to prove that they we're not. Now,
Willie, you ought to have dividend of $4,000
for your interests. Mr.. Drew has made an eLor-
carefully, and think that Fisk and will be
able to recover very large amount of the con.
cern, if every one will back us right up. have
seen about every one but yourself. l want you
to know that Fisk and intended to show you
gentlemen that as you intrusted your money to
our keeping to look after your interests, you
shall all have it to the last cent that is due to
you, and tear or favor to no one shall prevent.
Messrss. Mckinley, Wiley, Bird, Cohen, Sam
Bocock, Moody, and Strasburger have all pro-
missed us that they will stand up behind us. and
when we show fight, will make common cause.
Huyck's interest, or $500 shares belongs to
us, Fisk and BPlden. Daniel Drew gave General
Baxter written letter OF guarantee to refund
him his money aud interest before the signing
OF the second paper, so as to influence the rest
through the General, who was disposed to show
heht at the tlme so we don't care what the
General does. Fisk and | knew that at the
time. We said nothing, only this is one of the
links in the chain of evidence. Fisk and have
them all down. Now, Willie, Fisk and l intend
to stand right 1p for the right OF the Joint con.
cern. Had seen you could have explained
paper. We think we have done right and /
hope you will think so too. 1t has been hard,
Willie, for me to know that you were grleved
towards me. love you as a friend-as my
Oldest and best friend-and do hope you will
see that have tried to do right. You will see
what difficult place was in. Fisk and
under advice pledged ourselves not to say
word TO any oDe but let every one talk but it
would have upset great object If D. D. had
mistrusted us. Now, one word between our
selves. Do Judge me kindly, Willie, tor the
sake of Auld Lang Syne. Your wedding-day is
approaching. There is no one who will feel so
kindly towards you or whom wish so much
success as you. l hope you may be happy.
shall try to be at your reception. Now, no one
will be there who wishes you better, or Is more
your friend. Please replyto this letter, The
pool matter will be all settled very soon-per-
haps in a week, Mr.. Drew has stated that he
was nearly ready, and matters approach a
climax. Willie, he is the worst man ever
heard or read OF. He will not escape this time.
Be sure we shall make him dlsgorge. Mr.. Field
gives the case his most careful attention, and
says that everything is all ready. This letter is
of course confidential, and l would add that
you may have heard that Zerger, Berry Co.
have come 10 grief in private way. 1t is not
known in the street. 1t was owing to theil
heavy speculations in gold, of which it seems
they were short for a million at l25. Theif
trouble has cost US q good deal. Fisk had some
OF my money. Keep this 10 yourself. or course
he bli stored me. / have just read this. / fee
that have not expressed myself as | should
Please write Inc letter, and say what you
think; and hope when see you up at H.. or
your wedding day shall be able to see yoU
alone for short time. Yours, ever,
WILLIAM BELDEN.
You might have invited me 10 your wedding
as well as to the reception.
Later Developments.
On Friday afternoon another Dombshell wa
thrown among the "operatorsn in the shape o
an order of arrest issued by the Supreme Cour
against Joseph B. Stewart and Leonard Huyck
fixing bail in each case at 5000 900. The gentle
men we're both quietly arrested and escorted L
Ludlow street jail, where, as it is asserted tha
'misery invariably loves company" they are a
present, doubtless endeavoring to console eac
| other. SIC transit gloria nlUndt. On Saturda
| bail was offered in the case OF Mr.. Stewart, bu
| his chiyalric nature induced him 10 refuse 1t
acceptance, unless Huyck could be release
| also.
| Tho ceae ~ Ctawart vs Drew ct al deVeloue