The Osceola times., 1880-12-18
A DANES DEATH.
The Melancholy story OF a Financie-'s Son.
New York World.

lie Melancholy story OF a Financie-'s Son
New York World.
A little after o'clock yesterday morn.
ing Nicolai Gedaiia, a Dane, tweniy.threC
years old, killed himself at his residence
No. $40 East Fifty.eighth street, by
shooting himself in the right temple. A
servant heard the sound of the shot, and
running up 10 young Gedalia's room,
found him lying dead. A five. cham
bered revolver was clutched in his right
hand. The suicides brother, Charles
Gedalia, notified the police. and through
them the coroneI's oil &C was informed.
Young Gedalia lived at the house with
his mother, brother and two sisters, the
family occupying the third floor. NIco-
ial Oedalla was mining stock broker,
and his suicide is attributed to losses
which he incurred in that business. He
had been broIght 10 this country bv his
father, Solomon, three years ago. and
had obtained employment as clerk in
the Office Of w. W. Hanly, at No. 60
broadway. lie earned the reputation OF
being a sharp, honest and enterprising
young man, and did we'll About eight
cen months ago he set up in business on
his own account, his office being on the
third floor of No. 70 Broadway. He
bought seat in the Mining Exchange
and for time did good business. The
mining stock market became dull. Ge-
dalia had no capital and his speculations
resulted in loss. Two we. ks ago 200
shares of stock We're sold ''under the
rule" Tor his account. His friends came
to his assistance and the difficulty was
tided over. 1t was his intention hen 10
sell out his seal, but he could not do so
adyantageously and held on to 1t. For
the last ten days he has not been TO his
office and had been in despondent
mood.
An acquaintance Of the family said
yesterday that Solomon Gedalia, Nicolia's
iather, was noted Danish financier.
lie was of a poor Jewish flmily in Co.
penhagen and was apprenticed in early
lie to a saddler and learned the trade,
but was discontented with it and devoted
his time to continual buying, bartering
and borrowing. Finally, when he had
saddler's shop Of his own, he carried ON
with II the business of discounting notes.
Ihls was nearly forty years ago. In due
course OF time Gedalia established a
banking house. 1t was very modest
bank at first, but the business and his
reputation for sagacity grew, and it is
said that when the Rothschilds wanted
an agent for their house in Denmark
Ge ialia was selected. Gedalia dealt
principally in government securities and
made money when American securities
were floated in Europe during the war.
Gedalia took them up, made market for
them in Denmark aud increased his for
tune. In 1870 he negotiated large loan
tor the Austrian government and for
his services was created a Baron. He
also transacted financial business tor the
Portuguese government, and was so sue
ccssul that he was made Consul General
OF Portuga' at Copenhagen, with the
Iank OF Ambassador, and was also ere
ated Knight of the Order Of Jesus. The
new Ambassadors name thereupon be-
came a Jest in Denmark. He was rdi.
culed and caricatured for accepting the
decoration of the Order OF Jesus. He
was a Hebrew, and whenever he was
questioned about the Order OF Jesus, his
answer invariably was, "Was not Jesus a
Jew, too?" He prospered continually
and received several Danish orders. In
1875 he gave up his legitimate business
and built several small lines of railroad
on his own account, especially in the
islands Of the Province of iceland But
the railroad did not pay, and he lost
nearly all his foitune. In 1877 he came
to America with his family with the in
tention of establishing a banking house
here. His family consisted of his wife,
two sons and two daughters. He did
not succeed here as he expected, and
returned to Denma:k k, leaving his family
behind. lie is now in Copenhagen at
the head of banking house. A year
ago he had trouble with his partner.
which ended in a law suit. Mr.. Gedala
pleaded his own case and won 1t. Ii is
SAID that he has recovered most OF his
large fortune. Nicolai was his youngest
son and had been broughtup an account-
ant IN his fathers bank. His brother
Charles is we'll to do and the whole fam
ily are IN very good circumstances. 1t is
claimed by his relatives that death was
accidental. Three or four months ago
burglar. broke into the house and stole
good deal of property. Nlcolai after
that bought a pistol, which he kept in
his room. 1t was with this that he killed
himself His Indebtedness to the mem
bers of the Mining Stool; Exchange is
small.