The Russellville Democrat., 1880-12-16
4 DANES DEATH.
l The Melancholy Story of Einancis~.s Son. 1 New York World

The Melancholy Story Of Einancfs~ss Son.
 New York World.
 A little after So'clock yesterday morn ing Nicolai Geda.ia, a Dane, twenty three years old, killed himself at his residence, No. 349 East Flfty-eighth street. by shooting himself in the right temple. A servant heard the sound of the shot, and running up to 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 office was informed.
 Young Gedalia lived at the house with his moLher, brother and two sisters, the family occupying the third floor. Nlco- lai Gedalia was mining stock broker, and his suicide is attributed 10 losses which he incurred in that business. He had been brought to this country by bis father. Solomon, three years ago, and had obtained employment as clerk in the office of W. w. Hanly. at No. 60 Broadway. He earned the reputation ot being a sharp, honest and enterprising young man, and did well. 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 lie bought a seat ill the Mining Exchange and for q time did good business. The mining stock market became dull, Ge- dalia had no capital and his speculations resulted in loss. Two weeks ago 200 shares of stock were sold lander tue rule" for his account. His friends came to his assistance and the difficulty was tided over It was his intention .hen to SEl1 afff | l4t1f I,fa ,<.f T advantageously and held on to 1t. For office and had been in Respondent mood
 An acquaintance of the family said yesterday.thatS solomon Gedalia, NIcolia's father, was noted Danish fnancier. He was of poor Jewish family in Co., penhagen and was apprenticed in early life 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 a saddlef's shop of his own, he carried on with 1t the business of discounting notes. This was nearly forty years ago. In due course of time Gedalia established q banking house. It 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 floatcd in Europe during the war. Gedalia took them up, made a market for them in Denmark and increased his for tune. In 1870 he negotiated a large loan for the Austrian government, and for his services was created a Baron. He also transacted financial business for the Portuguese government, and was SO sllc- ccssfiii that he was made Consul General of Portugal at Copenhagen, with the rank of Ambassador, and WIS also ere ated Knight of tbe Order of Jesus. The new Ambassadors name thereupon be- came jest in Denmark. He was rldi- culed and caricatufed for accepting the decoration of the Order oi Jesus. He was q Hebrew, and whenever he was questioned about the Order of Jesus, his answer invariably was, "Was not Jesus n Jew, too?p He prospered continual V 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 Zealand But the railroad did not pay, and he lost nearly all his foi tune. In 1877 he came to America with his family with the in- tention of establishing a banking house nere. His family consisted of his wife. two sons and two daughters. He did not succeed here as he expected, and returned to Denma, k, leaving his family behind. He is now in Copenhagen at the head of banking house. A year ago he had trouble with bis partner, which ended in a law suit. Mir. Gedalia pleaded bis own case and won It. It is sad that he has recovered most of his large fortune. Nicolai was his youngest son and had been brought up an account ant i'll bis fathers bank. His brother Charles is wsll to do and the whole fam fly are Tn very good circumstances. It is claimed by his relatives that death was accidental. Three or four months ago burglars broke into the house and stole a good deal of property. Nicolai after that bought p:stol, which he kept in his room. It was with this that he killed himself. His indebtedness to the mem- bers Of the Mining Stocl; Exchange is