St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-10-12
NEELD,s ENTERTAINMENT.
New Facts Coming to Lis ht.-A Queer
Fire at Indianapolis.


CHICAGO, Oct 1.-THE flight of Nathan
NJ. Neeld is the only matter talked of in
financial circles. The more the matter of
the embeZZlement is stirred the more sensa-
tional it becomes. Mr.. Wheeler. the presi-
dent of the Continental National bank,
saws that so far as the liability of the board
of trade is concerned when it makes house
regular it is generally considered that no
liability whatever attaches to them. The
foundation of all business is commercial in
tegrity. and when these conditions are viO-
lated or disrupted in any way, as in the
case in point, individual losses follow and
confidence is more or less shaken. But
happily these cases are rare, Among the
insurance agents there is a new phase OF
Neeld's record which is being talked of.
Just before the removal of the firm here
there was fire at Indianapolis. The in
surance companies paid losses aggregating
$780, 600. The companies
PAID THE LOSSES PROMPTLY
and with that money the firm moved here.
After the fire there was little muttering of
the men concerning the amount of stock
destroyed. Neeld presented all the agents
with scarf pins representing boys head.
with large diamond eyes. Said one agent
this morning: II was always ashamed to
wear that pin. l paid the losses of my
company honestly. and did not put any
faith in the few rumOrS that were atiOat at
Indianapolis. but am dead certain that the
house had been cleared out before ever that
fire occurred" President Nash, of the Corn
Exchange bank at New York, is here and
simply looking into the methods OF the
fraud. 1t may make a difference In the
chance Ct prosecution and recovery whether
the receipts were fraudulent from the start
or whether the receipts were all right in the
beginning, but the goods removed later.
Nobody believes that Neeld took much
money with him.
Regarding the statement as to the Indi-
annapolis fire, the paper printing! it contains
this evening. the following:
I noticed in your paper statement regard
ing the fire of ]. c. Ferguson Il Co., in Indi-
annapolis, in February, 1881, wherein it was
stated that some insurance agents were talk
ing now about that fire in connection with
their present troubles. AS our firm placed
that line of insurance, / feel it my duty to
correct the impression that has gained
ground. The firm OF J. G. Ferguson & Co.
had their packing house in Indianapolis de-
stroyed by fire in February, 1881, when it
was full of hog product, and many uerces
were on the platform and in the yard. A
committee of insurance was appointed to adj
just the loss, every one of whom will, think,
say that it was an honest loss, and that MI.
Neeld handled the salvage in very satisfac-
tory manner, and sold it to Chicago and Gin
cinnati parties at good round figure. The
adjustment was so pleasantly conducted on
both sides that on its conclusion, Neeld said,
in joking way: SIT was big pork deal aud
be didn't want the committee to forget it,"
whereupon he ordered six gold boars made
with diamond eyes and presented them TO the
committee. "Great oaks from little acorns
grow and 1.-The time to kick man is wien
he is down." E. e. BARNARD.