Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-01-22

Three PhiIadelpAians Lose s20,.
600 IN a Game.
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aA-|NaINAN @NNNA
There was o little transaction In
diamonds recently between some Phil
adelpkinns 1apd AeW HpIkerS IN.
which the RESIDENTS OF this CITY uuit
losers BY about SIS, 600 10 $1,000 1t
was inteadedtg be a very sharp game,
and, had II succeeded. the PhiladeI
phiaus would have been $4,000 in, at
least for a time. The main facts in
the case have slready been made pub
lie, but the sequel is the interesting
part OF the story. Benjamin Greene
valid, 4 young man, Get himself up as
q diamond broker and had deskroom
with Messrs Meyer 4 Rosenberg, on
South Eighth street, below Chestnut.
One dag, 50 il is alleged By Greene
valid 10 his confession, he was induced
by others to 20 to New York and pur.
chase about S39, 200 worth of diamonds
on small advances. His credit was
good, and he had no difficulty, with
5000 cash at his disposal, in securing
near $4,000 worth of the rare gems.
When be returned $500 Of the dia-
monds were "spouted' in a bogus
pawn. He then confessed judgment
20 Meyer Il Rosenberg for $500, and
an execution was issued BIZ the co
co~nspirators on all the rest of the
stones. Some of the diamonds we're
also sold legiimately, and payments
made to the parties from whom
they we're purchased Ahouk this
time the New York dealers began to
smell a mouse,and they calledGreene-
valid to account. His explanations
were not at all satisfactory, and be
was placed under $50, 0O0, bail by q
magistrate. He insisted that he had
honestly failed, aud offered to comprO-
mise at ten cents on the dollar. His
creditors could not get through their
heads the reasons that would imnel a
man to purchase SO large a bill Of
goods and then to immediately suspend
business. Another offer was made
them Of forty cents to fifty cents on
the dollar, and they agreed to accept.
When the time came for the payments
it was Withdrawn. There was a dis
position TO withdraw the suit against
Greenewald provided some arrange
ment could be made for securing the
creditors; but the effort failing be was
sent to prison, While here be made
a confession which implicated Meyer
d Rosenberg, and they were arrested
aud held in $50, 900 bail each. The
New Workers called Ia Albert s. l..
Shields as their counsel, and be set a
private detective to work to find the
missing goods. The fellow was sue.
C%essful, and when a long residence in
jail stared the oOnspirators in the face
they made overtures for a compromise.
HIving them in their power, the New
Workers determined to make the
Philadelphians sweat. First they
received back 5000 worth Of the
Original diamonds. Then about $500
for counsel fees aud expenses. Alto
gsther they managed to scare cut Q.
the oonspirAtors some $42 600, inolud-
log the original payment Of $4,000
Greenew4 Id. Meyer aud Rosenberl
we're compelled to pay q heavy bonus
for their bail and big fees. 1t is esti.
mated that thias cost them at leasI
$4,000 more. 50 they quit losers in th,
game by nearly $4,000.
The case WAS taken before JudgI
Hare, where aspaper signed By all the
prosecutors acknowledging that the,
had received full satisfaction was pre-
scented, aud the District Attorney en-
tered a nolle pros.