, 1879-02-20
THE DIAMOND SW1NDLER.

Uchtn OI fhc aEHn WIN Abnue FCrtutic ny
SHitinE n Vfstcrn Whitley with Jewels.
LaHtsrtlIe Lt'str IA St,r York Sim.
Philip Arnnlh died In his beautiful home III
Elzabcthtown, this State, on Saturday last of
pneumonia. Scren or eight yenrs ngo Ills din
moud.niuc speculation mule bis name rs well
known throughout the world as wns ever ,l,ut
Of John Law or any ntlcr s1rcwd sctcsncr WHO
successfully imposed on csctt,ous tpcrulntors.
Arnold WIS hurn IN Hardin County nt,out fifty
wears ago, mud WINS bred tlltrc. lclng npprrI-
tfccsl to halter. lie ran away before hts tern,
Of service expired, a.,l enlisted US sol,llrr III
tlic Mexican War. After pence was declared he
wrnt to California. anl remained there until
1871, wt,e'e he appeared III Ellznbcthtawn atiA
ppcnc1 Il large nccnMnt Iii the local bank. II
monh field In California, nrd Ind cous
home TO cn]oy,. aiming Did fr1cnals. tue
fruits Of his good fortune. Speedily, however,
on tho heels Of thts rlisnor ramo the al1rra-
keeper, WIN mlo mnic af9lt1ayit sai tle ,ll,-
nond field wns gigantic swindlc, TINT Arnoltl
Ind PINNED and persuaded him to lclp carry
cut.
nn brihcd two sailors to 70 among the Lnnauf,
jewellers and buy what diamonds t'iey could In
the rouoh. lie rot togc.!rr in tll's ray s3', ,00u
worth Of cheap stones, fomcthinE like busl1ct
II quantity. a"i sailed bnck ngnin to California.
so'uc. months aftcrwarha II number of wealthy
San Frnnssityo spec,latoss, among whom were
William talaton ansl William ". 1.cnt, wrrc
told that Arnold and q frlcttl of bis named
slaek, also an ElIzahctll0wn buy, Ind stumbled
npon valley IN which diamonds, fnpphircs, at
gems Of various kinds AMI values were 10 be
picked up with ontv tile trorhc of Shopping for
them. Tic lucky finders had a baEful OF the
Jewels in their possession that tlley claimed to
have gathered In thu wiley. md they were dis
PLAYED IN such profltsInn that one Of the epcc-
latoFs HMtd TINT thrv covered one end OF ab H.
turd-tahle All inch ttccp.!
Arnold sook his hng Of gems to Ncw York,
alMl n tOmrH1,y, with capital Of $40, 0HD,
wns suggested tu WfEk tic mine. Nearly StU0.-
QUO worth ot stock WINS subscribed, a,la Henry
Jah[n, IN expert, was engaged 10 explore the
valley and report npon the prospect. .Afltold
led fhc expedition tliat WIS titscd mt fur tIe
purpose. They started frum Denver, COL, OH
staS =. 1871, nnd,. after travelling ntno days,
Arnold tnla thcm they were on the Rpot. They
afterwards asecttaincll that they were only Thirty
miles IRON ti,c puint Uf departure. Hut the
pations.. THEY .pcnt eeycu days tllerr, an,
gathered tn that time 1.iW earnts Of diamonds
asni 6C00 earats Of othrr precious st0ncs.
:1anin's rcnort was mn enthusiastic one. Thtrn
ou Jania's report. si0o,lNo worth u tllo stock
was sold. ol which Arnold got S3oo.o
Information Of tho alleged discovery soun
reached Eurlnl.i, nt,d the London Timex tcmo1l-
straed the Ecosngical fmpo.slbflIty Of there
being 81 1,,n,ly jewels of sucll yar,ous kinda III
onc loeality, nilli further exposed ilc swnilc by
making known the fnct thai persons from Cali
fornla had attracted attention thu ycar bctpro In
London bv buying up all rough diamonds to bu
found fn The city. The 1nnnnters Of the Com
pauv then sent C]arcuct King, United States
Ecu1ogIst, to visit the ynley. lie soon asccr-
tained that the ground llad been plalnay "salt-
ed.h Holes had heen poked Will, q common
stirk Into the clay, the Jewels dumped into
thctn, a,n! t1ien stopped uD agnft,.
a few weeks after the cxpususe several CALI
forn1a capitalists slcd Arnold md Slact; tn tl!e
Kentucky courts for the recovery o[ s15D, 900.
The suit WIS compromfcd by tic payment OF
S150,000. No criminal nctiou was ever begun
nganst either Of tl,c men.
Arnold established n bunk in Elizabcthtown,
and between hin anil l.. II. LoIlgsllaw, whoalao
lad hank thcrc, there hal been murl, rivalry
n,Id bad feeling. A letter to commercial
agency, iu junu Inst, rrllecting On the financial
standing OF Arnold's bnnk, hc attributed to his
rival, anu begun suit against him for SCI, 0u0
damages. II. N. lloldswortli, one Of Loug-
slnws cler1;s, took MI arttyu part III tie contro-
vcrsy, and Arnold eoYtided him III The street.
AM! ArnDlt6nockcl HU1tisWorth down. Holds
worth run to the bank, tot shot.gnn, and fired
at Arnold ns he came from the bArroom. Ar
nnld returned tho tire With hts pistol, shooting
five times. NUnc Ut tie shots bit llutsswDrtll,
but one Of them struck john Anderson, farrt-
CT, passing entirely through lls stomach. TIlo
SECOND time Hullswprth tired, tic entire 1Und
lodged III ArNolls right breast nt.ll shoulder.
lie never Thoroughly recovered from tlIG G!tccls
Of the wound, although II waa mob the in,lncdl-
ate cuusc uf Ills death. N0ne Of tho PERSONS
engaged In tho melee were urosccutet.
Mr. Arnof1'a bauk was one uf thu most -four
{shiug 10 Kentucky. Hc was rcry hospttable,
bis stnbsc was notel for 1ts inst stuck, anu hts
fruit-far'n is the boast Of Hardin County.