The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-10-17
WUATSTARTLED THE STREET
pryoRED EuBEzzLEMFNT or SI5o'oo0
nv 4 UELI-hNOWN BROkER.
s.,,,c. 4. I.nmont'- thcr-in-i'"w ANA ~
ccu,or Interviewed ~ to the Current ne
r,r,. About Him iIc hns no Thought OF
Wuuu,ng Away and no Fear of Prosecution

s" ,,,...icw.J ~ to the Current Re
r,,,. About IIim-iIc hns n" Thought "'
Running Away and no Fear OF prosecution
shortly before o'clock yesterday alter
.o,n rumors wore circulated in the stock IN
chanro TINT heavy dedication had occurred
iu Wall street AS early rs l O'Clock, now.
eyor the stock market had shown sishs oi
weakness. proving that few parties were
in early possession of tho intelligence,
and werc selling stocks in anticipation oil
break. Tho sales were mostly mhdc
hrough tho house of j. ID. Prince Coz ana IL
WIS discovered that the Twcniy-ihird rtrcel
nu,rn,ors had tho earliest inlormaton' IL WIS
neorly4 o'clock before the street learned thc
name Of the alleged dcfaultcr. Then IL lonNru
mt that George 7. Piume WAS the man lmpl-
,e.ad and it was asserted that the estate oil inc
lats Choreo a. Lamont had boon largely drawn
nn,n tn support his Wall street speculations.
MI Plume Is one OF the best-known brokers !
In wall street. Ho is a member of the stock
rv.hanro and has associated with the |
,..althi,st md most responsible operators. He |
.,s the snnior member of the firm OF Pumo n |
yan Emburg which counted VIM. X. Travers
And Charles Lamont H. special partners In
1874 tho partnership was dissolved ON account
nfMr Pume's tendency to speculate too heav-
lly and also to sell privileges upon the market
In September. 1873. Mr.. Lamont. after an
evening oi social intercourse with friends htthc
Firh Avenue Hotel. returned to his home in
Finh avenue, accompanied by Robert Luiou'
wall.kpown member OF the Stock Exchange.
Mr.. Lamont. after bidding good by to his friend.
t-l asleep upon tho window sill in the third
rory and. losing his balance. dropped to the
area and was instantly killed.
Gecrge T. Plume and Mr.. Lamont had mar
ricd sisters. and the former had been named as
an executor In the will. together with Mrs. La
mont and Francis Skiddy. Mr. Skiddy did not
qualify. and the care Of the property was left In
the hands OF Mrs Lamont and Mr.. Plume. The
Inter after dissolying partnership with van
Emburg. had opened an office OF his own in
Exchange place. and made specially
Of selling privileges. being second in that
lnc only to Russell Sage. As executor
of tho Lamont estate. he had charge OF the
securities and moneys. and it is said that he
hai not encroachcd upon the trust funds until
the present year. when the wild fluctuations in
tho stock market have made the dealings in
pry.eges peculiarly unproiltable. He sold
calls in large numbers and has been obliged 10
pay out many times the sums he received Tor
Them
NJ suspi ion was entertained by the Lamont
family Of Mr. Pumcs alleged Irregularities
until Monday 1t seems that Miss Lamont be-
came engaged to young broker In the Stock
ENehaugc. and her mother. wishing TO make a
suitable present sent to Mr.. Plume for $500.
The iran was returned. Mr.. Plume sending
word that he was not i'll condition TO
respond OF course this led to inquiry
and explanations. Mr.. Plume is said to have
sim.,fri that the funds intrustei TO his keep
IN had hscn lost. and that they could not he re-
covered The stocks bonds. and moneys in his
possession belonged TO Lansing Lamont and
STR. their mother holding sluDOOo IN
~ York Central bon1- out 81 the reach 81
lNr'' and the house. $50 fiith avenue IN her
H.. value of the securities said 10 have been
n-i hy Mr. Plume for rs own purposes is
V.riDu-iy estimated ut from sl5p.ul1 g. t25OgW'
thn personal property of tn" late Charl. H. La
mont having hesn sworn AZ nnirr ;3aaVos, Mr.
plunr were the topic at the Fliih avenue and
Inc Windsor fIoieis in the evening and his
money hIievcd to have beeu drawn from trust
funds. was severely criticised. Mr., Plume :
VIZ. LrmDnt. who is an executor OF the will
wis too li 10 be seen last evening. 9he w',s
comi toly prostratcd by the unexpected dsvel,
ou. ie.t- Her son. Lnnsiug Lamont did moi
W. 10 ho interviewed. H. said that i was i'm
Im.- Ole 10 tell how their Affairs stood at pres
en- .ul that an investigation had been begun
N- rame had miied, SO he unierst o /
so Ms. whther the family would b
a.. il save anything from tn, wreck was prob
.f. a. He would not say how mu'h money
W. -lpp,,srd to ho lost. and the estimates were
ona.u'i from outside sources. He did not know
AGAINST Mr. Plume, and he thought II would no
b. imi -. for, family reasons,
Al ilr Windsor Hotel. gentleman said, late II
u y'ning. that his wife had called ,upoi
Ms Lamont. and that she estimated the losecT
lrrn p sioosi al ~ waS syerai s' drms ann, 81
lfuk.rs in the street whore risks had bcei
"a, n for Mr. Plume without 7Hilicleht margin n
oyer arillei upon. These losses are sad TO b
sl'dl ] upon houses connected with Twenty
tn.ii street.
AN INTERVIEW WITH Mr.. PLUME
Mr. Plume Will SEQ you in thHt hallway.
taIl tle Once boy OF the Clarendon Hotel
4 meimm-sized gentleman. dressed in
pg % stylish English cassinere and wearing
h. meet bat. stood Just nj the head of tho stair
N.-Arrs. liA tim aud finely cut lips did n
h''lls haif the rnotiOn that the quivcrIng oi q
en dl, as ho said to the reporter: ain NJ
rhrrG are reports. Mr. Ilupec"- ,-..
Sh-h-h." int, rrupt"d Mr.. Plume. polniln
toH gentleman who Just then passed thrcug
i0n hnll HnA indicating by n gostur" thnt NJ
tuns. was to be said until the stranger passr
outul hrnrins. When he had done 50, The r.
tai ynu have--that you are
l's. Sps. know. say the word right out"
That You have h"en appropriating TO yc,
own use trust funds TINT were in your hands.
b"'n started" said Mr.. Plume, hotraying cCi
el',rnnln AGITATION. for lac leaned against Il
Woull you lko 70 say anything about tho'
~; but toll mo. rlcasc Just what you ha'
" The story r. unt y0u rs trustee for tho o
taio Ol Chhrire Lamont, lnd used, in your DQs
h.,- or ourrWhys, " pott'on. larger or smuiic
" tnd AK thal th99 oet'to in my hands amount
les. that is the amount named"
Well the i"ls are tlmiy, those, hl
trustee Of in estita amuuuiineio siun.olo, nO
luuon II was family mater. IA"rs ni'
nsrmrnt of these funds But twl- all unl,