The Penn's Grove record., 1882-03-18
NEW YORK LETTER
New YoRK, Mar. II, 1882

NEW YORK, MAR. IL, 1892.
Spring, spring, gentle spring." with
only All occasional bit of ''etherial
mildness, - has come. True, the wealth
er is not piercingly p~enetratingly cold
at times Il is bslmy, but then a strong
March wind will spring up and a good
top coat serves to keep out the search
ing blast which seems 10 come from
Greshlsnd's icy mountains, instead Of
from lndia's coral stands. The week
has been quiet. No murders or sui
cides to speak OF and emily one little de-
~fslcation which is hardly worth men-
tionlng. True, speculation on Wall
street came near prscipitating y panic
the other day, but w. IL. Vanderbilt
very cleverly came to the rescue with
$40, 000, 900 in cash aud saved the mar
ket by a judicious investment in some
OF his faverite securities and sent
stocks up again. Over speculation in
stecks, bresdstufs aud provisions has
kept our markets In "a unsettled con-
dition for months and it requires .
man like Wander bilt 30 keep the mar
ket from going to pieces sometimes
aud fortua atcly he and more like him
are not backward i'll coming forward
when called on. But outside Of spec
Il lation everything is booming. There
is unusual activity in every branch of
trade. And when legitimate occspa-
tons flourish one may well say that
the country is prosperous.
Over in Newark, n. j., our little
manufacturing neighbor, Stephen II.
Crndict, one of the directors of the
Mechanics National Bank, is likely to
be made a scapegoat by some on the
charge Of aiding the defaulting Cashier
with running the bank. Mr.. Condict
i. 65 years old and made his money
sSOe, Wo-in regular business and this
blow comes upon him at 4 period when
he can least withstand such an op-
slaught on his honor and integrity
which until now had been u~nimpeach-
able. But how many bank officials are
there throughout the country who
sta Hdiin slippery places to-day, who
dare NOT tell the truth, because they
hope for tho beat2 And speaking OF
banks the Fourth Nationa, Bank of
this city capital 81. 600, 900 with a
surplus fund Of nearly 81. 200 600
woke up tie other morning to find that
il had been robbed Of ssu, coo. Richard
Corlws!l, active. ip church and
Sunday-school, had been its loan clerk
for II years. He had the implicit con-
fildence OF his superiors and did about
as he liked. He liked" to speculate
III Wall street and he lost his money
and fell. He might have pulled
through had hot sickness interviewed.
Then the truth came out and another
trusted official was weighed and found
wanting and n s.ore respe c,able fam
lily who knew nothing of the errors of
its husband aud father was plunged in
grief. Csrnwell will probably die Of
shame for he is very sick, but in tie
meantims his frisn ds are trying to
make good his dsfalcation.
Cyrus W. Field, who originally made
a million in the Wholesale paper bust
ness which he has since increased by
various s~psculatious to $40 200, 600 OF
more, somr time since i'll a moment of
hunkeyism erected q monument TO
Major Andre, on the spot where he
was captured after bribing Benedict
Arnold to betray the army Of the rev.
olution. AIdrr's captare saved the
United States. That monument Of
Tended some persons. The other night
it vas defacsd and shortly after the
so-callsd patriot defacer WAS arrested
but he escaped conviction. Since then
hS has been troubled III various WAYS
legally. He is now in New Jersey
whars he Is safe from extradition, as
his ottopce is only a misdemsanor, but
millionaire Fiela's is still subject to all
sorts OF shnoyances Last night he IN.
tertained at tea a number Of rich
friends and they we're disturbed by the
presence on ths outside of thv house Of
some City men, who showed their right
to he there by showing postal cards
which invited them to that spot / o oh.
tain good situations. The police dis
rersed them Of coarse. IIt this Incl
dent together with comments in the
Papers only shows the unpepularity OF
Mr.. Fields artistic sndeavor to per-
petuate the memory Of u man who 9
efforts had they been successful would
simply have resulted in the complsle
humiliation of the revolutionary army
and the non existence Of the Enited
States to-day.
LAURKNs.