Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-11-28
Sn)UT ON NOVEMBER
,usrlNe CORN DEAL swAMPs
1nl EsLo, LINoLgY s. co.
unknown New York Hoase OF
Th' v, -, c,rus Fieid's Son Is ths Head
As,igos-The Situation.
p, telegraph 70 the DIspatoa.l

v,rv November 2T.-Messrs. Ed
NJ, T.eld. Daniel A. Idndley, John
"a, ',,cl -, w wieckers. and Herman O.
il., i.. composing the firm OF Field.
BiIo' Wiockers a Co., bankers and
llSoo' o., No. Broadway, assigned To-
III, -, charles W. Gould without prefer
- s.ggre was announced in tho Pro-
~, r,.rsnce al noon. but the grain mar
s'', ,,lv slightly affected. The houseis
bsE'',c Int lattcily has been somewhat
. n.,,.3 IN its dealings. The failure is
fsii,.,.j IN the advance in corn here and
HFls...-o They had been protecting
. v'.., lnes Of corn from the >. V.
60 aoal had been on the short
fh"' the November market, and
ni' days ago had 20 cover
N trshcls. Their operations were
RT In Chicago. but to some ex-
rAJ. Other articles have gone against
tal is said. especially coffee. while
i-eI. "A soDe dealings as well IN Wall
te I,st how much OF the amount the
frf,4, itself unable 20 pay Is not as yet
~ iho rraiu markets were only slight
tt.-5,,.,.sj by the failure The head Of the
,.a SON Of Cyrus W. Field.
rryoRs OF BEaYPOTHEcATToN.
-,-., arc rumors afoat that n largo
n securities had been rehypothe-
b. tba firm. one statement asserting
e.i,. rad been done with over S600,000
i,,...r,.tiss =, pledged oy the Union Pa
O. r-.,nany. Watson Brothers. who re-
c. $4,000 in Denver and Gulf bonds,
r,ttr securities in open market after
-s.,I,rs was announced, and these are
igl h. have been among the securities
et--.tbecsted. and an injunction was
p-.ti-.f tonight which Will probably be
r.lsl morrow onjoinIng the delivery OF
p, ,tG14,. The loan is not yet due, but
b..ra Morgan a Co. are understood TO
i.,s ofered 20 take up the bonds, but the
In would not turn them over.
yory4 FIELD APPARENTLY DERAEGED.
,,gggee Gould this afternoon said
.fts.-signment was made for this rea-
Tlward a. Field, the senior men,
t.,7ftte firm, has apparently gone dis
.---,sl His illness resembles lncipieut
-.,..ls and is due 10 oyerwOrk and the
-. rs.p1Dsiblity resting upon him as
msraper Of tho financial affairs OF the
..- M mother died last Monday and
~. event seemed to bring 20 a climax his
-.,t.I trouble. which some of his friends
IA Jatect,d two years ago. A physician
III mo a few DAYS ago that MIR. Field was
"Wf. Field having the sole management
,it1r funds Of the firm it at once became
,.-..,sr, 20 get from him their condition.
S.Iw.ri ~ company with other members
li,be firm 10 his residence and tried TO
.,3 uut how things stood. We failed,
r7Feyer. to obtain from him any light on
ita utuatIuu, as bis mind would continu-
ly stray away from the subject. We had
rrl.rt.Gen hopeless task. The assign
rsrt then became Imperative, III order 70
ry,ect the firm aud its customers"
NO STATEMENT oBTAINABLE.
Na,tcr the assignee nor any member of
ts strm. So far heard from, could give any
r,,ament of the firms condition. The
I'm. Was the success sor 10 the old house Of
Ttd. lIndey Il Co., and was formed
y.ea CYRUS W. Field retired last April.
FUBrHER UGLY BUMoRs.
Twas later reported that the Union Pa
tf- securities were sold to-day on the
~ a Exchange, and that the road would
rs. ont az injunction to prevent their de-
ITv. kumOr has IL that the firm has
ben lending money on securities at 80 and
ppr cent. discount and then selling the
,a.lrugs at par value. Further than the
nr.tLat several borrowers have asked for
leir securities, and that they have not
tes7 produced. the rumor has not been
a.stsltiated.
TIE FIRMS INDEBTEDNESS.
Runors are ahoat placing the firms in
5-i,tlurss all the way from 100000 to
SItUtO but no correct statement can
b secured. though the Office of the firm
vis tdr0uged during the entire afternoon
u people clamOring for information.