The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-02-02
THOMAS BELKNAP In JAIL.
THE SEQUEL TO TINE FIILURE or
KETCHUM 6 BELhNiP, BROKERs.

Losing the Money OF his wires Aunt In WAN
street SpecuIntions-C onIng from, Hartford
to Deliver himself up to her Lawyers.
Thomas Belknap, Jr, formerlya wealthy
broker NJ % Broad street. WIS taken TO Ludlow
Street Jail yesterday by u SA'riTs Off ,er on an
order of arrest granted OyJudgr Barrett. in a
suit brought against him by Miss Julin A. Suy-
dam for i32 900 of her property that she ayors
MIR. Belknup. as trustee. has misappropriated
Ho will make an effort tomorrow to secure
bondsmen in s3j 00O in older to obtain his
liberty.
Fourteen years ago Mr. Bdknap. then a little
moro than twenty-five years u are was rising
business man. He was indWtrious and quick
and had remarkably sound Judgment for man
OF his years. His reputation for resolute in
tegrity oi character was smrre OF pride to all
his friends. He married tlr daughter Of the
late Henry s. Wyckoir Of % Madison avenue.
who inherited hnnAsoml property on her
father death. Afterthc muraRo the Belknaps
lived with Mrs BelknuIs mother In tho
WycaOT mansion. Mr.. Bgknap became tho
manager OF his wife's and d her mothers for
tunes. His reputation as abusiness man ia.
ducel other relatives OF hisyiie to ntrust him
with the care OF their propay and no thus be-
came trustee Of estates woih several hundred
F",rytning ran smoothyfor several yeara.
Most ol Mr.. Il 'lknnps lnycsnnnts Tor his rela-
tiyrs were wisely nude Hui leidcd u good re-
turn. lie appeared to prOier. too IN his own
bus nr-s i'm Wall s,r'ct. 'lr lived nmd tia
cnoi'rst surroundings. drfH fine horses, and
INDUCED MS ta-t Tor pirtuis ana books. He
WAS not u club man nor We he last" In any
About year aco Kctchui & Belknap the firm
of which he was the Juuiotlrtner. failed Mr.
B1lknup did not max" "a Ifs9ual assignment
Shortly before the failure IT, suid, some Of the
persons for whom he wusrustre. were aware
NJ IA all tf IA ID
4 lew months ago Miss blla \. suydam. Mrs
i lkuau's mail' j. uuu'. We ma been for some
time abroad. rturMrd nor. She had rs she
supposed IN Mr.. Btiknus bands balance OF
$1,000 in Gnvernlnrnt mus hnd other good
securities. Her efforts tpr' possession Of the
properly failed, and on ~ stlgatlon she ascer-
tiuedt iW every penny ofrr property was gone
except $500 ia railroad ID That were not me-
gOtiHbl". Shn placed lhriHtt r ia tn" hands OF
hcrlawyrrs. +. 4. andJ. C,naiyke OF 34j Broad.
Miss SuydHm's proprry,r To- got any account-
ing Tor it, instituted u suttsninst Mr.. Belknap
for wron<iully ronv"rilm trust. Mr., Belknap
10 The mean tim" r"moNi with his family TO
Hartford. Conn. whore u father res des. Law.
yers Were employed 10 hng suit against MIN
there While prpnrtns were, making to
serve paper. on ulih IN drtlprd, Mr. BriknAp
returned 90 NV lors. 60 arrived IN this city
on Friday and went Ia Brandreth House. 1t
Canal street AMI BrpadW. From there he sent
u message to tho Mr-srN andykn. saying that
he was rrudy 10 m ct thlnte that he knew ho
could NOT avoid. "" p14rrrd to face the INV
here where his affairs tdli havt less ginrlng
publicity than IN Hnnrl. TO all in1uirirs
Alr. B"iknup has said; nave lost The money.
Ii ia not nee, s-ury tn g.iltu details"
Ii Is believed by hi- iinds that Mr. Brlknnp
lost not only Lis own iotue hut those intrusted
& him. IN uufur,unut hll street speculittions,
and TINT lie - really lsAlcsss at the present
time.
Miss suydam is thusr the only one Of tho
relatives VINO has ru"iur money lost, and ns
he has no properly - tich. II L. unliEpiy that
others Will hrlng suit .auust him. A g.utla-
man who has tu iutIuakuoWl.dge OF Mr. Bel
knaps uNur. sud thiMr BIknap mas lost
mOrH than s2Du.uOO his mptner-in-ltw's
money. and ~ f.a=t $1,000 uf trust fluids be-
lunsin. To- other helrs the WycSor estate
Mr.. bclknHu's iatnurhomas Bslknap ST.
WAS u promiEcut ct.zI Of Hartford. II. WIS
the trrnsur.r OF tho hool Board and OF an
EPISCOPAL church. Iipue way he became in
dehtrG to the school fti uhout $4,000. which
he could not pay. anNi- friends helped him
ont. H. wus snort sevd thousand dollars on
his church account, NJ tue wnrdens bore the
loss.