The New York herald., 1877-10-17
A WALL STREET SENSATION.

THE MANAGER OF LARGE ESTATE SAID TO DE
DOLLARS INVOLVED.
Shortly before the close business In Wall street
yesterday rumors Affecting the financial standing OF
well known broker, who Is also The Of largo
estate, freely circulated. and grew volume
they passed from mouth 10 mouth. IL alleged
that there was trouble in the management Of the
Lamont estate that the gentleman charge OF the
was q defauitcr and that the Grand Jury
investigating serious allegations, which formed the
groundwork OF the various rumors repeated from ono
end Of the street TO the Other In fact It plainly
charged that Mr. George T. Plume. the executor aoro
said, who has once In Exchange place, was de-
iaulter to the extent OF $s0o,0 600
In order TO Lthom all these rumors TO their very
source and ascertain whatever rutn II any, there
in th,s latest gossip ofhe street. HEsALo reporter
at once despatched TO the Clarendon HOTEL where Mr.
Plume resides. without tho least delay tho reporter
was admitted TO Mr Plume's presence. received po-
hiely and The object OF his mission explained. The
gentleman stated that he was not surprised az
me call mado upou him ny representative from the
HKRALp, the ramors OF the street had already pre-
cedcd him TO the MOTEL anu had already bocn IN
formed that come malicious persoa had bran bim
as dclau utter to ine extent OF 500 900 10 $500 600
Toe truth however was That the entire amon, estate
oi which he mad charge was over SIoU 900.
rms at least cut the suros aown oue.uaI a, 10 a
deacation he had know there existed
Tor making such charge. Mrs Lamont, widow Of
the late Charles Lamont and the lad; most
would certainly not make such charge. Whatever
clement there existed IN his business affairs aud
IN matters connected with the estate OF which hs
had charge, the public had no concern with II. II
was pureiya family affair, which wouid be settled
among themselves only, and amicably a. that He
did not deny that there was trouble in the estate so
far lamily matters concerned but ,e dad not
ee himself called upon ~ explain the nature OF these
the matter tor The present, and he thanked the re-
porter for having gwen him opportunity 70 state his
case AS lar NJ no could.
In "a subsequent interview Mr. Plume stated that his
business dobts did not amount 10 $40, O00 and
that no was not indebted 10 the Lamont estate more
than quarter OF the amount Its value-say about
100000 Still no could uot DO even positive as to
that, as he dd not have the books at nani, the
figures at his up town. all he stated In
regard to tins matter should be regarded as n ore
guesswork He also stated that as a broker he had
not suspended, nor as yet made any announcement
that effect 10 the Stock Exchange but he IN ght to-
day send word TO the Board announcing his inability
to meet his contracts Mr.. Plume stated further that
real estate nevertheless was uot sl represented IN
that way; there was considerable personal properly
which formed part of The and all OF which
under his charge.
TH1 LAMONT FAMILY AND ESTATE
IL will be remembered thai Mr. Charles A. Lamont.
awei known Wall street broker, mot with a fearful
death at 555 Filth avenue lew ago While tho
family were absent at west POINT Mr. Francs skiddy
and few other gentlemen dining one afternoon
az the Lamont mansion. The weather was exceedingly
hot aud the third story windows wide open. ne
host and his guests were enjoying cigars
ner before the open window, when suddenly Hr. La.
mont. while leaning out OF the window, lost bis bal
ance, fell the pavement below In the presence OF
his horror struck friends, ana died shortly ailor
He LEFT widow and three grown up children, who stl
occupy the same Fifth avenue residence Mr. Plume
the gentlemau above named. the her-in.uw
oi the late Mr. Lamont Not only had they always
been on excellent terms socially but years ago they
were partners together under The frm oil Plume
Lamont ON Tho corner Of Water aud Old sl,p
Here they carried on the Wholesale grocery business
refinery enterprise up tho North Rivcr. In THIS bust
ness, however, they iacd but later period paid
up every cent, with interest, to their cred-
itors. Az men Of integrity and honor irm at tho
time stood higher In the commercial circles OF New
YORK, aud when subsequently they Abandoned this
business aud eutered upon tho banking brokerage
maelstron OF Wall street their good name followed
them. Here, however, tho lrm lamo was changed
Mr.. Lamont 0elng merely silent partner in tao new
arm OF Plume Van Amburgh. Another silent
partner In this hrn was tho well known
William r. rrayers and it is SAID that all these gentle
men d.vlded ono year 5000 900. since the death OF
Mr.. Lamont, Mr George I. Piune has continued the
bu under his own name the otter partners with
drawing, and tue estate OF the Lamont talnily OF
which he had exclusive charge claiming good deal
| Of his attention and time.
| Gentlemen veil acquainted with Mr. Plume state
that whatever Information he volunteers In regard
his business affairs can be strictly relied upon for
truth and correctness ana that II mlsiortunes have
overtaken hun he will DC always found at his post
ready to relreve all disasters Tho Lamont family
have always placed implicit condolences IN MS man.
agement Of their estate, and will never be permitted
It. suffer u II IS at all IN Mr. P1me's power to regain
whatever he may have lost IN Wall street speculatons
TALK AMONG THk
Among the numerous stock brokers aud capital
lists who generally congregato ut tho Windsor Hotel
after business hours tho + ume unpleasaatness was
chiof topic OF conversation last evening The ma.
jority appeared 70 he, however, friendly disposed
toward Mr. Pumc aud were unwilling u believe that
any criminal irreguarity could bc laid his door.
A well known merchant, for years intna lcly &C.
quain,ed with the Lamont family, stated tnat what.
faults oi Judgment might light in this
matter the part OF Mr. Plume he positive that
he had done nothing without the knowicdge OF Mrs
Lamont: that If mistakes had been made IN nvcst.
Mr.. Plume aone could not be held accountable
for the same, other members OF family
stantly mad insight into tho affairs of tho estate
and discussed all matters pertaining with the ex
ecutor whO though In sole charge, nevertheless often
cons ulted with them.
A prominent broker, who resides at the Windsor
per said that ho had heard that tho
had used from $20O. 900 to $780, 900 Of tho fumily's
money Again, other brokers stated that the entire
amount OF Mr. Piune's Indebtedness woGid not reach
over $t50 000 II Understood that Mr. Plume was
IN consultation with his lawyer during the evening,
and that u correct statement OF his affairs would
be made out during tho day. Roai estate
OF whom quite nunDor had Assem-.
pled at the hotel, denied that tho Lamont
estate worth $500, 900 to-day, whatever IL might
have been valued at the time Of Mr. Charles Lamons
untimeiy death. great dcal OF II was nimproved
property, situated near Washington Heights ana YER
side Park, and had considerably during the
past three years They expressed the opnion that Mr.
Piume's estimate OF The value OF the estate, as
stated above was nearly correct In so
far, however, Mr. Plumc's own words,
a considerable part OF the estate consisted
of personal property, stocks and bonds IL would be
regular Inventory was made up by exports. Mrs La
mont It was stated not IN the city yesterday but
those acquainted with the family stated last evening
that u was well known among them that Mr. Plume
partnership with Mr. Travcrs ana Mr.. Van Amburgh,
since when he had conducted business exclusively
under his name
r NIX II