New-York tribune., 1879-03-24
BROADWAY BROKERS IN TROUBLE.

AN ORDER OF ARREST GRANTED PoR BFLDEN co.
GENERAL T. T. ECKERI's CLAIM FOR $3O,OOo
Wall Street was excited on Saturday over ru-
mors of the arrest of the members OF the late hrm
of Belden & Co.. which retired from business Oh
January l. and was succeeded by Beldcn, bennett
& Co. One of the rumOrs was that w llllam DeIueu'
Henry Belden, Washington L. ConnOr and Jay
Gould, members of the firm. had all been arrested.
The real facts were that Deputy-Sheriff McGonigal
had an order for the arrest of William Belden ana
Henry Bclden only, in a civil SUIT brought by Gem
era Thomas r. Eckcrt, epresdcnt of the Atlantic
and Pacific Telegraph Company, and that unknown
to the Sheriff. the fact had become known, so that
he could not find the defendants. Alexander H.
Wallis. one of General Eckerts attorneys,
said that in July when General Eckert was about to
visit Europe. he deposited with Beldcn Co. check
for $50 900. with an understanding that the money
should be drawn and held subject to his order The
distinct understanding, according to General Eek
ert's statement was that the money was 10 be
placed in a wrapper and kept until he should can
for it. When he returned from Europe GeheIa
Eckert called for the money and Belden a. % ulu
not respond. Failing to secure It,, on oatnIuN 1a
morning General Eckert began legal proceedillgS
charging that Belden Co had conVeroen tnd
an order of arrest against all tho members OF the
firm upon the afiidavits submitted
Mr.. Wallis stated that William and Henry Belden
for the sole purpose of recovering the $50 1000 due
General Eckert. The proceeding, he added. had no
reference 10 the fact that JAY Gould was a special
partner in the firm of Beden d Co.. and did not ap-
ply to him. 49,,
it is understood that J. II. Haar, who was locked
up in Ludlow Street jail for long time on civil
suit for S12O, 900 brought by Beden q Co., has Sc
cured an order of arrest from Judge Lawrence, III
proceedings against William Beden. Mr., Ha'r mas
ALWAYS claimed that the sales of gold and stocks
made by hIm at the time Of the failure of j H. daar
d. Co. were made on specific orders received from
William Belden, and that his arrest at that time
was an outrage pcrpctratcd to shift the RESPONSE
bllity of Mr.. Belden's losses.
Washington f. COnnOr, who is at present Jay
Gouds broker said on Saturday that no summons
had been served upon him yet. lie admitted that
demands for money had been made upon hin as vel
as upon the Beldens and Jay Gould for money due
bv Belden Il Co., but he claimed that neither ne
nor Mr. Gould was able to meet the demand. rs the
BeldenS had taken possession of all the resources or
the late firm Mr.. COnnOr SAID that he did not think
he was to be arrested and that he could be found al
any time.
William and Henry Belden could not be found,
and at the office of Belden, Bennett d Co: 1t was
stated that no reply would be made until Monday.
Ii is expected that bail will be furnished to-day.
The attorneys of the Beldens claim that the assets
of the late firm being in the hands of receiver 1t
is impossible for any member OF it to give an ac-
count of former transactions, or 10 enter INTO negO-
tiatiOns-the province alone Of the receiver.