New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-04
SOME ASSETS DISCOVERED.
CYRUS w. FIELD NOT PENNILEsS YET.
AN ESTIMATE OF THE FAILED FIRMS coNDI'
,,o.- 49, $500 n,, nr.curn.


There Is prospect that in few days Charles W.
Gould, assignee of Field. Lindey Wlechers & Co.,
may be able to submit some statement to the puhnc
as to the condition OF the affairs OF the trin hr.
Gould went out OF town soon after noon yesterday
but will return to-day. Amon Goodwin, his counsel,
said that the assignee working hard to get some
general idea OF the Liabilities, and would possibly have
statement ready In few days lie (Nlr. Goodwin
had no IDEA what the statement would show There
has been number OF accounts turned into the assignee
from brokers and Others OF which showed credits
to the firm This Is the first suggestion OF the ais
covery OF any assets. but Mr. Goodwin could give no
details as to these credits
The mystery of where the money Obtained by Ed
ward NJ Field through the rehypothecation Of securities
on which he had made leans which, rs in the case
OF Mr. Wiechers had been on deposit, has not Deeh
explained. ARENAS II. Holmes said yesterday that
the indications were that the grain accounts Of the
firm would show profit while the stock department
showed loss This is surprising TO most persons Tor
the belief strong that the Field firm was hit hard
by the collapse OF the corn deal which carried down
$. V. White. Mr.. Holmes said that all the Union
Pacific securities that had been pledged with the
Field concern had been located More OF them were
made good delivery" by the Stock Exchange COM
mittee yesterday. According TO Mr.. Holmes these
bonds had lively time at the hands OF Mr. Field
They sold outright In many instances, banded
between banks and brokers' Offices and utilized
keep the firm golpg. Some OF them travelled
between New-York and Mannheim, Germany,
where Mr.. Wiechers has relatives, and others were
used In the negotiation of foreign exchange transactions
curious feature OF the case, Mr.. Holmes said, was
that no loss appears to fall the foreign Bourses with
which the Field firm had connections.
II came ont yesterday that when the failure oil g. "
White Co. was announced Mr.. Field came TO Mr.
White ana said that his account with his Fied'e firm
showed loss OF about 100000, but that the claim
would not be pressed hard. When Mr.. Whites books
were written up it discovered 1t Is SAID that there
was actually credit to the White account with Field
Lindley, Wiechers d Co. 5. V. White O. Co. VIII prop
ably lose $4,000 by the Field failure.
The continued delay In serving any OF the war
rants on the other partners In the bankrupt hrm, OBJ
tanned in the suit OF Il. E. Detz exces the suspicion
that he hopes to secure a compromise by which I've
will recover the value Of lost securities Frederic a.
Ward Mr. Diez's counsel, said that he believed there
WIS some money that would be available soon and he
expected TO secure every dollar Of his clients claim On
what this assertion was based Mr.. Ward declined to
say He also declined to discuss the question OF the
warrants.
George De Forest Lord who is acting counsel for
CYRUS W. Field, said yesterday that he couid not
discuss the situation owing 10 the confidential char
scter of his relations with his client. In reply to
direct question Mr.. Lord said that Mr.. Field was not
pennless but he declared that it would be improper
for him TO indicate the extent Of Mr. Fields losses by
the failure
THREE FIELDS DECLARED INSANE.
The confinement of Edward NJ Field in an asylum
makes three members OF the family who have been de-
clered insane Four years ago Edward tlelos SISTER
Alice acted so strangely that experienced attendant
was engaged to see that she did not harm herself
She succeeded however, in getting away from the
attendant late night, and the next morning the
family discovered that she had disappeared IL was
five DAYS before found and then she was several
hundred miles from New-York CITY. She had taken
train to Buffalo and from there had gone to Niagara
Falls she had engaged rooms at one OF the AoleiS
near the Falls and living quietly enough when dis
covered.
.o her that she could not sleep unless she
os within hearing distance Of the roar Of the falls
said a gentleman yesterday who is familiar with
Alice Fields case. sshe insisted upon remaining at
Niagara and her wishes gratifed. But when
she began TO talk about throwing herself over the
falls and about people Disappearing forever IN the
WHIRLPOOL the family thought IL about time 10 con-
fine her In an asylum. The legal steps were TAKEN
and without the knowledge Of the public Alice Field
disappeared and is still IN inmate OF madhouse'
Her case is probably a hopeless one.
The other unfortunate member of the Field family
who also at one time declared insane Is cousin
of Edward Field. l do not wish to give his name or
his exact family connections, because he has been
ton at the present time
The necessary steps, DR.. Charles Lindley says, will
la taken Al soon as possible TO have Edward VI. Field
legally declared insane and the broker may DC taken
before a Judge and jury today or tomorrow. 49,,
:" we desire to have everything done openly ana
above bOard,' said the doctor, and the sooner inc
legal steps are taken the better IT Will be for all con
cerned. Then somebody can be appointed by Ihe
Judge to look out for the unfortunate mans Affairs
CYRUS w. YIELDS CONDITION.
Cyrus W. Field is not yet entirely out OF danger
but Dr. Eugene Fuller, his physician, says his patient
will be on the rapid road 10 recovery in day or twO'
II something unlocked for does not take place one
week from will be able to say positively u MI
Field will recover" said the doctor Yesterday but at
present ! would not say that he Is entirely OUT Oh
danger His system has received many severe
shocks, and until certain period IS passed tne te,it
is uncertain. The indications, however, are tnat MI
Field will get we'll and feel most hopeful -,
Last sunday when Mr.. Field was critically III, an
added TO Mr.. Fields will What the codlcil was the
members Of the family refuse TO say The addition
OF the codcil to the will was all the family confer
cnce which has been so much talked ABOUT, hmouHieu
To- said DR.. Lindley yesterday. -,
David Dudley Field much improved in health
YESTERDAY and during the day eft MS room DaEu
Cyrus and his physical condition Is not strong enough
10 bear much excitement. He visited his brother two
members of the family about Edward Fields mis-
fortunes and aferwad compelled TO seek Ills be1
DR.. Janeway bis yscian. says that at the age o,
js necessary when his physical condition Is not OF the
Eest or death may overtake him TT any moment
Mrs. Lindley's condition remained unchanged yes
CYRUS ". Field sat up for some time yesterday aer-
noon There was no essential change In Edward ";
Fields condition YESTERDAY re slept IN, nary .n S1
mhch depressed lie seems partially TO realize where
he is at times and becomes greatly agltated