Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-12-04
Where All Thu Money Went 10 Is ~
Yet an Unexplained
Mystery.
rnr GRAIN ACCOUNTS SHOW A
PROFIT.
Edward FIELD. AUns Other Things,
Forged the Maine OF a ship
Captain.
yorNa rirLD's poINes.
lie Committed se,e,ri Grimes TO oh.
tain Money.

tain Money.
NEW YoRIS, Dec. 3.-Cyrus Field
passed n comfortable night aud has
not lost any ground since yesterday.
The condition OF his daughter, MIR.
Liudley, still remains very serious,
bat there has boon no change since
yesterday.
Assignee Gould in getting ready n
statement OF the affairs Of Field, Lind
ley 4 20. but II Ia notyet completed.
Ho said there was absolutely nothing
new In the case today.
The report that Edward NJ. Field,
sou Of Cyrus w. Field, had been re-
mgycd from the private Insane asylum
In which he was confined, In without
foundation. There IL
No ESSENTIAL CHANGE
in hls condition. This evening Cyrus
W. Field l. reported a. comfortable.
Tho mystery OF where the money
went, obtained 10y Edward NJ. Field,
through the fehypothoo of securl-
ti,f on which ho made loans or which,
ns IN the ease Of Woichors, had been on
deposit, has not been explained. Arto-
mus Holmes mld today that the indica.
lions were that the grain accounts OF
the Arm would show profit, while
the stock department shovel n lJsa.
This IL surprising TO most persons, for
3 the belief IL strong that Fields flfm
WAS hit hard by the collapse Of the corn
dDrl. Holmes said that all Union
Pacific securities wero located. Ac.
corling TO Holmes these bonds had n
lively time ut the hands OF Field.
rhey were sold outright In many In.
Stances, banded between the banks
aud brokers' offices ami utilized In
every way possible 10 secure money 10
kctp the firm going. \. v. White
& 60. probably lose $50, 900 by the Field
failure.
was au,horltAtlvcly learned ycstor.
lay that Edward NJ. Field, besides
plundering hts fathers strong box Of
all the securities contained therein, and
leaving the old gentleman pennllcss,
had also deliberately
RoBuED ms PARTNER,
John L. Weichors. The latter, who
came to town for short time yester-
day, " authority for this statement. lie
Gays that Field not only robbed him OF
the s900,0O1 capital he invested with
the firm, but that he also took ST., 900
~ government bonds left In tho firm'e
safe when Welchors went 10 Cuba n
number OF months since 10 negotiate
thc purchase Of sugar plantations.
These government bonds, MIR. weichof
adds, belong 10 his wife. He also left
In his desk SIS, 900 given him M collat-
eral on personal loans. These notes lac
Endorsed 30 that Mrs. WeichefH might
collect on them nj maturity, but when
he returned they had Disappeared.
According TO n local representative
OF n largeGerman banking house, Field,
In his desperation,
FORGED THE NAME OF a siur CAP
TAIN
and also n certlflcat, OF inspection 20 n
cargo Of grain, and presenting the bill
Of lading tn the banking house, secured
advances on tho cargo.
The grain had NJ existence, aud was
loaded In n ship whOfo name does not
appear In any ~ the Iloyd'a on file In
the Maritime Association In this port.
The bank people discovered how they
hac been swindlcd, and called Field to
account. lie Is said 10 have used some
fecuTitics he took from his father IN
settling with the bankers, and they are
now fully protected against loss.
A representative OF the Union Pa.
clilc railroad states that tho company's
loss through fiold's rascalliy would be
SaO0,O00.
ga far Ms known now the insane
bankrupt had s970,i00 Insurance
on his life. The policies arc
all IN favor OF his wife, aud, had his
attempt at suicide been successful, his
creditors would have had no power 20
attack any OF II. At various times In
the last i've years Field held heavy
policies In various companies, but ex-
changed them for paid-up policies.