New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-28

out head for some time. The death OF MS
mother and the illness of his sister have oeeh
enough to bring to a crisis any mental weakness
| that may have been developed by Edwards over
| work. Mr. Lindey's wife is seriously i'll, and ne
has been at her bedside large part of the time.
| She was brought down from Dobbs Ferry few
| days ago to be taken to Lakewood, n. D., but
| she could get no further than this city, ana was
| taken to the Everett House. Mr.. Lindley Is the
| Stock Exchange member of the firm and married
q daughter of Cyrus W. Field.
FEARS OF REHYPoTHECATIoN.
"The hundreds of thousands of dollars worth OF
| Union Pacific railway bonds on which the road
borrowed money from Field, Lindley d Co., we
fear have been rehypOthecated,' said John Z.
| Dillon, attorney for the Union Pacific Com-
| pany when seen at his home, No. 671 Madison-ave'
last evening AS soon as learned of the assign
ment | hastened to the Office of the brokers to
learn something about the bonds but could find
neither Mr.. Field nor Mr.. Lindley. Later in the
day, however, had talk with Mr.. Gould, the
assignee, but he said he could not give me any
information concerning the bonds, as he had not
vet had time to examine into the al
fairs of the firm. From what l learned
during the afternoon, however, fear that the
bonds. or at least some Of them, have been trans
ferred to persons unknown to u.s.
Had the firm any right to permit the bonds
to leave their possession?" Mr.. Dillon was asked
Not unless such contract were made
with the railroad company he replied And
as Mr.. Garfield, the assistant secretary
of the Union Pacific, informed me this afternoon
that no such contract had been made, the brokers
certainly had no right to rehypothecate them
II the bonds have been rehypothecated by Field,
Lindley & Co.; at the same figures we received on
| han boru 10 IL
has secured more for the collateral than
the railroad company received, difficulty
may arise. And at this time it is question
whether or not the holders of the bonds speak or
if there are any outside of Field, Lindley Il Co.,
will hold us responsible for any excess that
may have been obtained, or the brokers' The
bonds, since they have been in the hands of the
| firm, nave gone up probably five points, ana IL Is
possible that $4,000 was secured for S12O,O00
| bonds, where we only received 100000. And
if there are to be any disputes they would be
about the 10000. That is simply an illustra-
| ton, for / do not know the amount Of the
1 bonds which were in the hands of the firm.
! WAS the amount large as $50O,0O03'
THE amount was up in the hundreds OF
thousands but / am not able to state the exact
figures | will know more about the affairs
OF the firm twenty -four hours from now, be-
! cause it will not take long to learn
who is holding the bonds, if they have left the
possession of Field, Lindcy & Co. Any per-
son who has any rehypothecated bonds IN
his possession will soon let the
fact be known But the Union Pacific is not at
all alarmed, because l doubt if the firm would be
able to realize much larger amount on the bonds
than the railroad company has"
| A STRICKEN FAMILY
Il. NJ. Field lives with his wife, five sons. and
Er~fgt
large brownstone house, and his father, Cyrus w.
Field lives next door, at No. 1877. E.. NJ. Field was
kept in his fathers house last night, with physi-
clans constantly in attendance Many friends called
and stayed till late hour. Among them was
Nlr. Gould, the assignee, but ne was n?t abe y, 70
see either the elder, or younger Field Gyrus w;
Field is seriously i'll from shock, and suffers from
nervous -prostration. The physicians said that
ohough his condition was serious, it was fort
Charles L. Lindley, of No. IS MadissH-ave., rela-
tive of f.. NJ Field is one of the PHYSICIANS VINO
| have been in attendance the younger Field, and
remained at the house TIL o late nouf, ous
declined to say anything about the condition OF
| 1t was, however, learned positively that the
| trouble from which h. NJ. Field is suffering is
not paresis but alteration of mind, which may
| not be merely temporary and it is feared that his
insanity may develop into something dm%Ie more
was experienced with him, as he positively re-
fused 10 enter cab with his physician.
and it required persuasion and ocaXlng TO overcome
his suddenly developed obstinacy; lie Is unfortu;
nately almost entirely Irresponsible and his mental
condition is regarded as extremely serious No
steps have been taken, however, so far as can
ting the patient in an asylum, bqt physicians
never leave his side, and his wife Is untlring in
her attendance. From the remTks MADE by
| The Tribunes informant, IL was understood
that the insanity had been developing for Some ume
HE Is SURE MR.. FIELD Is INSANE.
Il am fully convinced that Edward NJ. Field is
insane | have talked with his physician, who
is an intimate friend of mine. and he informed
me that Mr. Field is absolutely not in his right
mind"
The foregoing statement made by Charles
w. Gould, the assignee of the firm of Field, Lind
lev a. Co., to Tribune reporter at Mr.. Gould's
home. No. s5 Madison-ave., last evening. Mr.
| Gould had Just returned from downtown. where he
had been busily engaged all day trying to
straighten ont the firms business at some private
office where he would not he disturbed by the
numerous creditors and others having business
conpections with the firm. lie was at first inclined
to be reticent about talking Of Mr. Fields mental
or physical condition, but finally made the remark
that nothing could be gained by concealing the
| true condition OF the brokers' health, ana then
said that he was of the opinion that MIR. Field
was insane. .
"Mr Fields physician has been his medical
adviser for three years, and he certainly Is IN
| position TO Know tne conultlOn OF MI
health" continued Mr. Gould He has not only
said to me once that Mr.. Field was out of his
mind, but has repeated to me on more than one
| occasion that he was not sound mentally. There
was no doubt in my own mind that Mr.. Field
was not a sane man before ] talked to the family
physician, but his statement about his condition
makes il douby sure. have noticed peculiarities
about Mr.. Field for long time. He is most
| excitable and nervous man. l met him frequently
last summer and at each meeting noticed that there
was something wrong with the man. He suffered
from overwork This is the only reason l can
account for the change that has come over the
broker The transactions of Field Lindley & Co.
were extensive and the largest share Of the bust
ness was under Mr.. Fields personal supervision
He had something to think OF and TO bother MN
constantly Naturally, his brain was 0verworked.
and his mind gave way. When would meet him
last summer and ask him some question about