The Wilmington daily Republican., 1891-12-02
for cable to be laid from Ban Francisco to
Honolulu, and thence across the Pacific ocean
to China.
Squeezed by Jay Gould.

Honolulu, and thence across the Pacific ocean
to China.
Squeezed by Jay Gould.
The elevated roads nearly proved to be Cyrus
W. Fields financial ruin In 1887 Jay Gould,
by great coup d'etat, "squeezedn Afr. Field
out of his Manhattan tllway stock. He had
been an extensive shareholder, and Mr.. Gould
was anxious to get controlling interest in the
stock, so the historians of the "Street" say.
Mr.. Gould manipulated" the stock in such
way that Mr. Field had to let 1t CO. He was
badly crippled, and Mr.. Gould is quoted as
saying at the time. "Well we have left Cyrus
his real estate" Evidently not much more
Than the real estate was left, but Mr.. Field
rallied, as he always has, and by judicous in
vestnents built up his fortune again, SO that
he.was subsequently able TO put S500,000 into
the firm of his son, Edward NJ, which, how
ever, he withdrew after the young firm be-
came prosperous on its own account.
In this case may be mentioned the bitter
neis of feeling that was engendered between
the late Samuel J. Tilden and Mr.. Field. 1t
was said that Mr.. Tilden and Mr.. Field were
partners in the Manhattan deal, and Mr..
Field, being called suddenly to Europe,
claimed that the joint stock held by Mr.. Til
den should not be sold until his return. When
he returned Mr. Field declared that Mr.. Til
den had sold the stock to Jay Gould. MIR.
Field also asserted that MFR. Tildon had made
$l,O10,O00 by the transaction, and that he
would never speak to him again.
As a Journalist.
In 1881, Mr.. Field who had already obtained
acontroling interest in tho New York Even
ing Mail, purchased Tho Evening Express
from John Kelly for the sum of Sl75,0OD. He
thereby secured a membership In the New
York Associated Press, and consolidated the
twopapers under the title of The Mail and Ex-
press. In March, 1883, soon after the Manhat-
tan railway squeeze" MIR. Field parted with
his newspaper interest to Colonel Eliot f.
Shepard, by whom The Mail and Express is
still owned.
Another interesting episode in Mr.. Fields
career was the Andre statue affair. Mr.. Field
erected on the summit of Traitors hill, in the
village of Tappan, N. Y, statue to Major
ANDRE who was hanged as British spy, and
the statue was despoled by vandals rs often
as it was repaired. Mr.. Field defended his
course in erecting the statue with his usual
vigor, and popular opinion was about evenly
divided on the controversy. He finally re-
tired from the unequal contest, and the mon
ument hns boen in ruins since 1882.
Seven children were born to Mr.. and Mrs.
Field. Mary Grace was born on Oct. 10. lS4l;
Alice Durand was born Nov. Z, 1913; Isabella,
born Jan. =, 1896 Fanny Griswold, born Nov.
20, 1913; Arthur Stone, born Jan. "a 1850, and
died Aug. %, 1874; Edward Morse, born July
4, 1885; Cyrus William, born March Is, 1857.
OF Mr.. Fields brothers the eldest, David
Dudley Field, is the author Of codes on civil
and criminal procedure which have been
adopted by majority Of tho states and tor
ritories 1t was an eminent English Chan
cellor who said that David Dudley Field, of
New York, had done more for the reform of
laws than any other man living. stephen
johnson Field is an associate justice of tho
supreme court of the United States. II Hsnry
Martyr Field is Congregational clergyman.
He is now and has been for many years the
editor and proprietor of the New York Evan
gelist,