The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-02-14
PHILIP ARNOLD's DEATH
TIE Mas who Realised n Fortune w ssitinG
Western Valley with Jewels.

LoUIsvILLR, Ky, Feb 10.-Philip Arnold
died in his beautiful home in Ezabcthtown.
this State on Saturday last, Of pneumonia.
Seven or eight years ago his diamond mine
speculation made his name well known
throughout tho world MS was over that OF John
LAW or any othor shrewd schemcr who euccoss
fully imposed on crodulous spectators. Ar
mold was born in Hardin County about nfty
years ago. and was bred there. being apron
ticcd to halter. He ran away before hs term
OF service expired. and enlisted as soldier in
the Mexican war. Aftcr peace was declared hc
went to California. and remained there until
1871, when no appeared In Elizabcthtown and
opened a large account in the local bank. It
was said that he had discovered an immense
diamond field in California and had come home
TO enjoy. among old friends, tho fruits OF his
good fortune Speedily. however, on the hcols
OF this rumor, came the allegations Of ]. Il.
Cooper san Francisco book Keeper. who made
affidavit TINT the diamond field was a gigantic
swindle that Arnold had planned and per-
sundod him TO help carry out. 81, 1900.
an br. bed two sailors to 20 among the London
jewellers and buy whnt diamonds they could in
the rough; lie got together In this way $4,000
in quantity, and sailed back again 10 California.
Some months aftcrwnrd a number Of wealthy
William Raiston and William NJ Tcnt. were
i9d that Arn Cd. and friend Of rs named
NlNrk, also an EllXnnotltOMn boy. iAl Stnfnnlpu
upon valley in which diamonds. snpphircs.
aud gems Of various kinds and values were to
be picked up with only tho trouble OF stooning
for them. The lucky finders had bugfull OF
the Jewels In their possession that they claimed
e have gathered IA the, valley, and thoy were
displayed in such profusion that ono Of the
spectators said that they covered one end OF
billiard table an inch deep.
Arnold took his bag Of gems TO Now, York,
and n company with n capital OF tlO,Q0O.OOO
was suggested to work tho mine, Nearly
| 100000 worth OF stock was subscribed. and
/ IAsat cal -.
| plore the valley and report upon the prospect.
| Arnold led the expedition that was fitted out for
| tho purpose. They started from Denver, Col.
on May %. 1872. and after travelling nine dnys
| Arnold told them they were on the spot. They
| afterward nscertaincd that they wcro only
the valley more than fulfilled their widest an.
| ticipations. They spent seven days there and
| gathered I'm that time 1000 cnrnts Of diamonds
and G.0OO cnrats Of other precious stones. Ja-
pms reunrt was an 9ntnqssiasiic one. There
on J@nin's report 400 066 worth OF tHc stock
was sold. u which Arnold got 100000
INFORMATION Of tn ALLEGED discovery soon
| 9nstrated the geological impossbiiity OF there
b, 'ng so many Jewels % such various kinds In
| by making known tho fact that persons from
| california had attracted attention the year be-
monds to be found in tho city. The managers
| OF the company then sent Clarence King, United
| States Geoogist. 20 visit the valley. He soon
sailed" Holes had boon p,kol with COM
| mon stick into the clay the Jewels dumped into
| them and then stopped M again.
| few weeks tor the exposure several Cali
| lornia capitalists sued Arnold and Slack in tho
Kentucky courts Tor the recovery OF 1850 600.
| Tho suit W Is COMPROMISED by tho payment Of
| sl5u.unO. No criminal action was ever begun
| against either Of tho men.
| Arnold established a bank In El2ahethtoWn.
! and between E.m AMI J.. NJ. Long huw. who
| also had y bank There, there had hecn much ri
| NalrY and BAD feeling. 4 letter 10 u commercial
agcn ~ in duuH last. r-ll citing on the financial
| standing of Aruold's hauH he attributed - his
| rival. and e.suu q auit uEnlnst him for $4,000
| damage II. y. llol l-w rth. ono u Louaahaw' s
clcrAs. took am ttN part "a the controversy and
| Arnold coWhidcd him iu thr street. They met
| again III q barroom On Aug. y, lnst. and Arnold
| hnn hcd Holi-wor.l down. hoiswnrih ran TO
| f.e tank. got Is 81 loflun. and lrrd 10 Arnold rs
| hecanic from the h.rrplm. Arnold returned the
| fire with his pistol. sho Htng i've times. None
| of tho shots hit llpldsNorth. hut one Of them
| struck John Andc4 SON, % farmer, passing On
| tirely through his stomach. The SECOND time
Holiswo nth fired. the entire loBd lodged In Ar
| noIs right breast and shoulder. H. never
| thoroughly recovered from the e.fcsts Of the
| wound. although il was not the immediate cause
| ot his death. Mono Of the persons engaged in
| the niece Wore ~, secuted
Mr.. Arnold's bunk Wa- one OF the most -four
| ishng ia Kentucky. H. was very hosptabr.
| his stable WIS noted FOR lis fast stock. and his
| fruit farm II the boast ui Hardin County.