The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-01-10
G0ULD'S BR0K ERS FALL OUT
FAILING TO LIOTIDITE PEICEIBLr.
BELDEN e. 80. 60 TO Law.

-. "a, -, ,,.
O.c Of th. Partner. Reet,e. nj. Gr,evnncc.
and Prnya for n Receiver, knowing no
other Way In which - Get n s~ttlesnent.
After tho frat call of stocks in tho stock
Txchnnoe ves,,rdav morning prraidant Ivos
read tho following letter from n memher Of the
firm Of william Beldon 4 Co. of 40 broadway
nj which Inv oiould ia n snecinl nor,ner.
~. va.. ,.. n ,s-o
TO rns rnrspKxt or rnK NV YoRK s1ock KScn ,sGs.
p 40 . s SiIS r ESinhbsc ,b cd, MY r 9's Ts ap
Miinam Bclden 4 %, Of Which nrm am member. Tor
tween cmhr. %, ,h" nrm IN rcserI ,o ,nc s,rSu
n"n u, IT,, assets Of TIE nrn az claims asans 4 PIE
business viii be projected ani pad At maturity idesfc
10 t.lc.c mys'i o. M any n"tsensi Ies"nshhy ol any
~ - w ~ ~ ' NJ , CcSrva
,,,
The reading OF the letter caused only slight
scnsntion bccnuac II Ind becn known for a long
IL, ,t,a, ,iit, Tt, a., A. a.. An
uu' Nhh' u'SS'hSl"hs eNlStou III the nrm' AL
sorts OF rumors respecting tho firm have been
currcnt in th s,rar, nnd tboac vvho hoyo l. 4, o,vr
49, go, -, -, a. ....' -, H.
lhe H'cts haNc WaNheu W" hoNcInehis oI uo
several partners with interest.
Tho firm of William BeIden n Co ,yas formed
T. a., -. ,s-- r.. -, - ,,,t
III 'hc spring oi lo'h w WehDers arc WI
liam Bcldrn. Charles ID. Beldcn. Henry llclden.
Jr.. Washington T.. conner. and jaw Gould
....t .--.,.- ri, . - ~, - =. .
sp'ciHi pHru'r. lhe SehI"I beiu'h was 'sSo
ciatcd with Gould in the Black Friday business.
It, al icrencaa ore soid 10 dnte frnt, tha f,,i,ro
~. c ~, -, :, -. 49,, ~ .,
o' muir " Oo'' s'orN anu Eoiu orok'rs, VINO
~, otl.',oI ,,'o, ,i,,t. ,air, ,,ns H., ,i,.,r
,,,, 80 "''N~ N',,' 80 - =. ~ wy Wy
u"lhE oT""I7 LOT EoIn ElNeh ny hlhlah beluhh
< Co.. which that firm Aftcrward rcpudi-
nted They held na security. or mar.
=,
GIN ior thelr operations largo amount
,,r,,',r,,.,, ta, cl,,t, MI. o.,,,.,,,I H..
~ ~ ~ w ~ ' ="
m arrested on ' nTocess pys T Thoan rho o tn"
tho ir,,rn,l yyorlir,, ~, mo A., so,, ,h,, ,bo
- - "@ ~ ~ "''' ' ''' w
the difficulty with Huar 4 Co. had existed for n
Iona. timn Mr. Con,.r ,i,bougb n ir,i,r
NE "'"'' ''' ''""'i "'"v"Hu 't"''
partner u We oniy member oi the ilrin VINO Is
n;embcrol tue Stp.k fNchnnge, ana MS such
he hns. II is reported, claimed certain rights in
the management oi the business that have been
denied him or disputed 10y the Bcldens.
Al'cr tht l,ier had been read VIM Belden
without his authority or consent. All the mem
,"rs 81 mo lrm. excepting tho special partner.
JaN Gonld; wore iouni IN the 'Nrl9infrs room
den wns seated in rocking chair mi Mr. Con
ner was p'reii.i ON lhN nrn ol a slmliur cnalf
n@1tlLe MN Prom tng nYPearancr ma Gondu,
of both. an observer woul not imagine that any
difference OF opinion. serious enough to lead TO
cisc IN coul ,cNlSt ~ hctw'"n them By mu-
tunl consent Mr.. Belden spoke nrst, saying.
As u well known. have Tor several months
been desirous Of gong out Of business"
Mr. Conner suggested that the senior partner
should say n year and hall instead of several
months. but Mr.. Belden preferred his original
as, s,rion. .,,
- For some time past. he continued. We
have been trying to lilui'late the affairs Of tho
| concern. Inc present diu'rrncc OF opinion. hs
lar ~ can see. IS whether / shall manage n,
affairs OF the concern or not. do not feel that
Mr. Conner has tho right 70 10 SO, he having
| contrbutcd no capital. anu being junior part
| ncr, =.
T.
| further side OF the room. Mr. conner corrobo-
rated his senior partner respeting n. desire
| oi tho nrm 10 go lnlo !lluliHlon We nave
been trying 10 DC 50 Tor long time. anu 70 ar
rive ut point where the acceptance ot all ac
G8rsd GSlH @ sa T This was s%HS Sy
| and as no more satisfactory plan was proposed
| applied Tor receiver. as satisfactory lnoan'
! ni securing an hdlu~unent OF the dlHcrences
| Ine nam lu"s are sWa,l. a. ,.,-,-u
| Inc oplisMi II q thr nrm. u i n"lVed' arr
| - bc paid in iull MIR. Cuuners lawlc rs au
thorily i"r the stntemrni tnat NE ilss'is ot IN,
| htrl VIII ,Nrv'd the ilhulltlrS py sPVvVy'
~ IN. WNt9n lnr a rnc,lNi r T'.- i4-l'.uler " ll.
| Nhhirfporl, utern tunlhS VINO are MS
| buuld lawyers Ihr l.t was cohsldctrI siS
| nln,nht ~ "" s't,v,' h, inu,ya',nE ,'l'n "a "a
| Ioull Is hWklnE tohner III us ltpceeulhss
| IN ms HlhuhNH nhn'r says t9at h9 chtrI''
| tu' hrm on Mareh 10, lAtH IN oidr
! 10 larry on tuH business oi uuyihi hh'
selling stocks. the firm has been 9hligr'
| 10 borrow larg9 sums oi money ana ne dt
! posted with loaners Rs collateral s"rurit
| lh-l. no HIh oN'h stvuWv l3I money iot
! inW'u vii t3lh' lhl security "vI sN21'uV lhA'
| although the loans were ole,t"l llt lhc name 80
| the irm, th'N Mrr" hi mo - whniIy u" loans l"
| the lndlNlauhl bnoit oi william beiden ina
On We Dth lnst " ii!Am nrileh' harif
| -. bclurh, ana urhf) b'ld'h' IL. III
| re't"d u" loanrrs To transfer tho loans L
| ths hccount oi Hchry beldeh. Jr. anu u
| denver 20 MN "" s"'urlu'H Wh'h uo loah
| should be Trpald; Ihlr irahsl'r was hsiius
! M"knowlrdEr ana assent ana against In" WI"
| Mr' conner anu ~ ne u informed anu u,i'rN's =
| against IN" hh"WI'ugo or HN-rht ol h'9' !
lhu lhrse tIni@ Us ar" II, c"lr't 'hlrf'i ol
| the books OF thr nrnl, anu the b'ldcss ar" COY
| yrlng ny ana c"hcehllhE thr Same Mt ."linc
| lHth"t W"lH anu ",!'''.H Ns't, H'p - 4.
d"ns have drawn out the pn;nnrrs II
| me nhhk br4,hElhE % uo Ith', ul
| plhed thrln n"Nnhd ihc cohlI"l Vl W
| partnership lie says thW ne i a lnemn'r q
the stock Exchange, hhd ar surh becomes nam
| TO the loss ana forfeiture ol ms s'h uh''0s IN
| due hlll- holi against III" 1rm are muI1 solI
| ana he demands Judgment mat the shlu phrI
| nerslip may ne dissolved anu mn account 1'
~ all the hrm alihgS ana tidh9HNvh- li
mo cohmcuc'n'hl hhdo lhe moneys Ir'elNt
ana expended tiht th" properly OF lnr ltin =
sold; ana me c"pArln'rShlp u"uir ana ilhiiil
ti'S Dee pad on hdlh' surplus II my ulfluH'
ahi thlt IN th' mrAn umr IN, iir'I.ha De r.
s',i!hri rom using tn' Hs7c'- ui 'il' urn, .,
MI' conner hIs, lhhkcs u SuppieurhlhFy am
u'Ntl 10 me tlr'I llht ne ht7 ii!hH, lh'l' ih9 q
that nearly the entire balance OF the nru