Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-15

vide for their outstanding cen
tracts, especially as it is understood
that freights from the west will be ad
yanced again. which may contract the re-
oeipts of hogs. Shipping demand fairly
active for all descriptions, bet buyers slow
TO meet the demand of sellers. Foreign
advices were rather unfavcrable to sellers:
eastern markets steadier. The receipts of |
product were moderate and the ship |
ments of all kinds quite large. Pork is !
moderately active, selling up this morn |
ing 15@aoc, then reacting and losing |
half of this advance, and On call further
easing OF 211a@5c.
Lard started out fruer andt q 1Oc high
er, but reacted and closed at yesterdays
prices. Live hogs were in good demand
to-day owing to the cessation
of the railroad war and the
expectation of higher freigsits. Although
the quality of the $4,000 arriving was not
so good as usual they brought 1Oc higher
tive and strong.
An outcome of the November corn deal
has just been derelopedl5hat has created
great sensation and scandal both in bust
ness and society circles. The GLOBE men-
toned at the time OF the break of the
corner in that month that young Gurdin
Corwith, son Of Nathan Corwith, the mil
lionaire, precipitateG two or three of the
failures following settlement day, and wasi
himself loser to the extent of $40.0eS
or $4,000. Some new facts il
this matter are made public to-
day. Last Monday, VIM. Vernen
Booth began suit in the circuit court
against Gurdin Corwith for $29,939, and a
capias wasissne5Rsxt day fer the arrest eef
Corwith. The case was withheld from
publication for one day at the request of
Booths attorney, in order that the writ
| might be served. The next day the ettior-
ney asked that the suit might be suppress
ed for another day, and yesterday ,AsGe a
| request for farther suppression Jadge
Barnum ordered the clerk 80 lock up the
papers. The inside of this suit now devel,
ops. Gurdin Corwith was formerly junior
member of the4irm OF N. Corwith & Son
dealers in pig lead at 10 LaSalle street
| and has recently been an extensive opera
tor on the board of trade. He i:
held mainly responsible for the failure O.
| the commission house of Kreigh d Davis
I who recently failed for 100000, half O
which was margin which Corwith Srilet
10 put up when called upon. Booth is tn
son of Alfred. Booth, the oyster man, ant
is manager cf the oyster house at 63 LAX
street Both are prominent young scciet
, men. The senior Booth has been IL TO
some time, AID is at present in very pre-
! carious health. His business, in the Eean
time, has been in the hands of his sol
3 Young Corwith, in the la:ter part ef Nc
: vember, went to young Booth and repre-
, sented that Er. N. Corwith was a membe
of syndicate which had big thing i
4 stocks on hand, waiting fo
g lit to develop. The SO
: stated that he had received pointer frol
g his father ana with $4,000 OR $4,000 Geooul
: make his friend Booths and his own fo
5 tune. Young Booth was to furnish til
|, money and young Corwith was to fE-nis
r, him percentage of the profits. On tn
f representation Booth furnished him wit
f $4,000 out of his fathers business. tt
g following day young Corwith returned al
r. reported that the scheme was weYkir
l. satisfactorily, hut little more money W;
lie needed In order to reap lis full benz 81
it Booth. Jr., advanced $4,000 more from b
o fathers business. The following mornir
"a Corwith, Jr., had another conference sgi
Or young Booth. The investment pronis,
re we'll, but it would be necessary to put scn
" $1,000 more in Immediately to prevent t
Id possibility of losing. Young Booth 6rs
Id OF the elder Booths exchequer to t
,g amount of $1,000, which was at OF
ay placed in young Corwiths hands. He
he parted, but returned the same afterno
Is, and received $4,000 more from Booth, W
Ill was beginning to feel tri1e anxious abe
q his investment. The total amount
IF trusted to young Corwirth was $4,000 a
le young Booth had not yet seen the color
On the percentage of profits which he was
receive in consideration. of the capital fl
ed nished. That same evening Corw
ry came to him and made the astoundi
as- confession that every penny of the s.
or coo was gone, and he had nothing to sh
FOR for it. He told the story Of his disastrt
by speculations, and how the amount
ast tanned from his friend had been blown
I've in the short space of three days, in a VI
ger attempt to recoup himself for forr
in losses. Young Booths astonishment ,
'rn so profound that it took him several d
Dts, to get over it, and he yielded to Corwi1
on pleadings to keep the matter quiet
In something could be done,the more SO as
:. elder Booths health made it necessary
ind keep ali information from him. But
on the days passed on and no provision
made to reimburse him. he confded
OTIS. trouble to friends, who advised hic,
nd; take legal steps immediat
nc Corwith was informed OF this intent
but had no reply to make. ACCORDING
,ro on Tuesday an order fo- his arrest
pei- procured by Booth's counsel, from the
and perior court. Young Corwith was re]