The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1870-01-01
EXECUTION STAYED OFF FOR WHILE.


| No proceedings were taken upon this
| judgment at that time, owing to the prom
ises made by Mr.. Reed that he would pro-
cure tho money and pay the amount of Pot.
tsr's claim. Having waited several months,
patience ceased to be virtue, and as there
were no indications that Mr.. Reed would
obtain any more money, unless by mira
Gle, Mr.. Pottcrs lawyer gave Sheriff Lyle
orders to proceed to execute the Judgment
of the Court. Hence the sale at Chestnut
Hill.
HIS LIBRARY SOLD TOO.
Althouah Mr.. Reeds household furni-
ture and plate, embracing family relics,
were very valuable, yet they did not yield
anything like the sum needed to pay Mr.
Petter's claim, the costs of the suit, and
the Sheriffs fees. Goods disposed of at
auction sales, especially those conducted by
sheriffs, do not bring very good prices. II
was found necessary, therefore, to sell his
large miscellaneous library, composing a
rare collection of valuable works. This
event took place on the Goth instant, at
Thomas auction store on Fifth street,
Philadelphia. The proceeds of that sale
still not being found sufficient, his law
library was sold yesterday at the same
place. This leaves
MIR. REED A BEGGAR.
Ho has nothing left, not even good
name, which is a treasure by itself when all
else is gone. But this is not all. Mr..
Reed has yet good deal to answer for
His dealings with Mr.. Potter were honest
whom compared with what follows
HOW HE TREATED TWO OLD AUNTs.
His reputation as lawyer naturally
made him the legal adviser of the family.
Among those of his relatives confiding in
him were two aged aunts of his, at present,
it is said, residing in Baltimore. These
old ladies, bereft of any nearer relative than
Mr.. Reed to take charge of their affairs,
placed the sole management of their prop
erty in his hands. Mr.. Reed could not
very we'll decline to execute this important
course accepted. He evinced the greatest
solicitude to further the interests of
his two aged aunts. He began by
selling their real estate, for the purpose, as
he said, of making better investment
with the proceeds. Mr.. Reeds ideas of a
better investment differs slightly from that
entertained by other people. The better
investment consisted in appropriating the
money to his own use. After the real es-
tate came SO much of the personal property
as he could lay his hands ON and when
that was disposed of, and nothing more re-
manned to sell, Mr.. Reed concluded that he
mad executed his trust. There was no
more money for him to squander. His two
old aunts were left penniless. 1t is alleged
that he has similarly treated other members
of his family, and, in fact, many other per-
sons whose estates he has managed in trust
FLORA TEMPLES OWNER DONE FOR.
Mr. Aristides Welsh, the owner of Flora
Temple, and over hundred thoroughbreds,
was neighbor of Mr.. Reeds, on Chest
nut Hill, and warm personal friend
About year ago, Mr.. Reed accostsd Mr..
Welsh and asked for the loan Of $25,
upon good security.
"Tll give you mortgage upon my place."
said Mr.. Reed, "and you needn't trouble
yourself about getting lawyer to draw up
your papers I'll draw them myself for
YOU"
Mr.. Welsh had always regarded Mr.
Reed as an honest man. He replied that
he was but too happy to accommodate an
old friend and neighbor. Mr.. Reed then
drew up the bond and mortgage, and upon
delivering the same to Mr.. Welsh, received
the $4,000. A short time after, when
Mr.. Welsh went to record his mortgage,
what was his establishment to find that a
prior mortgage had superseded his, and
that the instrument he held in his hand was
not worth the paper it was written upon.
Mr.. Welsh has lately signified his inten-
ton of beginning criminal proceedings
against Mr.. Reed.
Mr.. BENJAMIN BULLOCK ALSO TAKEN IN.
Next on the list we find Mr.. Benjamin
Bullock, well-known cotton broker of
Philadelphia, doing business on Front
street. He was one of Mr. Reeds intimate
associates, and their intimacy, extending
over period of a quarter of century,
had ripened into the warmest friendship
Mr.. Reed wanted little money one day,
and was at a loss how to get it. In this
friend Bullock, and drew on him for the
tritling sum of $4,000. When the draft
was presented for payment, Mr.. Bullock
promptly cashed it. 1t is needless to add
that he never recovered tho money.
SAM PHILLIPS DOESN'T SEE 1T.
This draft business, having proved highly
successful and remunerative in one instance
was attempted on the genial Samuel r.
Phillips, the celebrated harness-maker.-
Sam, who is pretty good fellow, but pretty
sharp, did not honor the draft. He wanted
to know what it was all about before he
paid it. He did not owe Mr.. Reed any
thing, and thought it very extraordinary
that Mr.. Reed should take the liberty of
drawing on him. 1t must be a mistake
Whether it was or not, has not since tran
spired, but Mr.. Phillips is few more dol
lars in pocket to-day than he would be had
he cashed that draft.
HUNDREDS OF OTHERS swINDLED
And SO on ad infnitum. 1t is rumored
that hundreds of others have experienced
similar treatment at the hands of Mr.. Reed.
1t is also asserted that those who have been
SO numerically defrauded were his best
friends-men who have hitherto held him
high in their estimation and would have
done anything to help him had he frankly
stated to them his pecuniary embarrass-
ments So much for Mr.. Reeds defalca-
ton.
MIR. REEDS PAST CAREER.
Mr.. Reed has moved, until recently, in
tho first circles of Philadelphia society
He has also figured quite prominently in