New-York tribune., 1885-01-19
THE STORY OF A MAGAZINE.
SOME LIGHT ON THE PEDDER AFFAIR.
HOW HENRY G. PRDDgR K@PT UP THE MANHAr-
TAN WITH STOLEN MONEY.

NOW HENRY C. pRpDyR KIT UP THE MANHAT-
TAN WITH STOLEN MONEY.
Tho sbutt;no ,f tbe doors on all that re-
u.ined of IN, Manhattan Magazine at No. l4l Temple
Co,rt Last week closed curious chapter In the history
OF American periodicals. The Hahhandn IN its inoS'
rudimeptary form was the Joint inspiration OF AieA
ander W Orr and william Henry Fornan the former
PRINTER OF this city, and the latter jonrnaist Oh
Gained in mart on the editorial staff OF The Mai ana
Frnr,ss The first intention OF Its founders was 10 com
b,ne I'm monthly illustrated magazine literary excel
fence with news of interest members OF secret orders
in the United States. but principally the oid feo"s'
These IDEAS were mingled about equal proportions In
the first number that came from the press OF A. W. o
| & Co. No 100 Nassau-st, in January, 1883
T, search OF capital TO expand THIS
enternrise Mr. Forman mot HcVy c. Pedder. OF
Arnold Constahle Co. Mr.. Pedder's interest In
literature had been proved by his willingness TO
nav printcrs' bills for books OF his own writ
ing on religious moral and aesthetic SUBJECTS he was
OF the and patron OF the hne ar ana he
wor,hipped the beautiful In all its outward forins'
whether plastic pictured breathing He agreed to be-
come a stockhoder in The Manhattan Magazine Com
nany which was incorporated with capital OF 100000
The odd Fellow element eliminated along with Mr.
Orr at an expense OF $1,000. new Offices were secured
and beginning with May, 1888, Mr. Pedder sent monthly
his check for to Mr. Forman to be expended In
establishing and maintaining firsiclass monthly.
N IN
pears IA frequent contributor His essays on women
T.; Modern Civilization" Wordsworth. and Edwin Booth,
we're illustrated. some of them at a cost or $500 q
page safe to say that few MAGAZINE articles naSS
and gave their readers 80 little enlighenment. A
perusa Of them at the present i,no Is % 1et ~;
Macnpas sat these fcasts oi reason IN good
Many Poets historians cssaysts. novests. artists and
engTavers of recognized reputation in this aud other
countries contributed To the pages OF me Manhattan
Nancy was poured ont like water. Tne price Of
sonncs by approved poets rose to one hundred dollars
ESSAYS i'm the same market were frequently quoted AT
twice that sum- Those hacyon days for tue editors
aud business managers OF the pearl OF the monthcs
as they called It, The offices were wanscoed WIN men
| and women all day long each waiting with manuscript
T vim. In hand TO gain the of the bland and indul
CENT e,tor-n-chiof lie welcomed all with smile but
no one eagerly or cordially than the messenger
| from his Macnnds Of the dry goods district
Mr Peddrr while was kept busy III hlling checks
nv ay and white paper by night fo the credit OF his ex
| pensiye pnythng His employers, the great firm with
| winch be had grown up from boy seem to have
foT adniration than suspicion. He hal given them TO
understand that his wealth was legacy from rich
West Indian relative 10 whO.e declining ysais he hau de
votedly ministered. Mr. Pedder lived IN NewJersey in
costly villa. adorncd outside aud in with lavish OUTLAY
The naraziue was only OF the enterprises which
owed theiI eXstence ana support 10 me- AMBITIOUS sri'.
But the Others were comneith III ,el OF az =.
literary schemes were chmerc aud abnOr nal IN their
conception as they were Iuto ana u1PI%2n'mplG % m IN IN
their eXecutOnr In tnb summer ol ls0t Ail. I'uucI
sailed for Europe with ais wife TO enjoy as ls employers
thought brief but wcl-earhed vacation lie "ccapied
himself in England with pishinp TIA, fortunes OF the
| magazine establishing n LOndon agency aid s"lcltlhH
from the most eminent EhgIIsh "iIttls
Ru and unforeseen events were undermining MS
| fanced security. The hou-t OF Arnold Constahle ~
| Co discovered the pecuauOnr 0i seymour Unsud
clerk ana sharer with PcddrI OF many of ILL., secrets
Confronted with the BOOKS containing the amounts o ms
embrz emeuts from time to time, aud asked Ia ekihn
yornus entries, Seymour pointed 10 one for small
| amount and said this II mine " and 10 another
| for "A larger and aided ." ana that ls
Pedder's" This tho hrst htlhatiOn mat
| the firm had II tho dishonesty ot Their
absent manager They at fret refused to believe ~ ana
when convinced II Is said that the eldest OF tho house
| bowed his head and wept Ike child
Upon a sufficient PreicNt fcddcr was recalled ana when
he Landed became virtually prisoner passing the nst
night after his return la uptown hotel guarded hy
private oeecye The next morning ho conveyed All ms
ntoucrty to his employers except shhh " sona estate
davs thai followed his confession he was overwhelmed
with The shane OF his situation lie denied himself tO
every one the third day the editor OF Ihr AGhif''
drove In carriage to hs patrons residence IN Odl.r'
| PrdIrr received him coidy and III silence " ! ail
the editor. " thcrc u nothing 10 no Sin
| answered the fallen Nacrris. " c1o"pt that DO
not to see You Please d" not come AEA nhti'
seud for you" The editor left the house without
word ana IN telling tho story aier"tri ne II -sld Ia
have remarked humOrousy. And he has not seht Ioi
me from that day Ia this -,
zine was issued arrangement with the principal
creditors titir good WILL plates ana "ih'i cH'ct
thcn pns,ed into possession OF the prinie ho"ari
! lockwood to satisfy Jnd IN nl o! aDOal Ti'.vO an
there remains subject tc th Did oi the next Maceh"s
who desires to have , magazine o. his own Mf ftuuci
ia living now In ~ KI-. an Island oi the BRUSH Mes
Indies where he born. There business whch nt =
| ia manager S25 month makes nabOD %! MIN ihis
accounts for fabulous stories that have ,9mo n
| from there about the style In which Nr fehncr hN''
| 10 the native OF ~ Kitts the remain. 81 las'
magninccnoe left To the once millionaire ny "Eit
nmity that almost uneyapicd III The history OF sue
,rnnssctions gives him al the Importance aud subjects
| him 10 ALI the penalties OF king Ia exile,