The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-12-01
CANNOT FIND ANY ASSETS
Not Enough Cash Left BIZ Brokers Field
d Go. to Pay the Salaries of Clerks.
Loss by the Failure Placed OF $500, 900, Of
Which the Union Pacific Will Lose $780,
000-Cuban Investment Of $500, 000.

NEW YORK, Nov. oO.-There was no ma
terial change in the aspect of affairs at the
Office of the suspended firm of Field, Lind
ley, Neichers d Co. to-day. Assignee
Gould said that. personally. he knew MOTH
Ing of the truth or falsity of the published
reports of the alleged crooked" trans
actions of Mr.. Field. He was trying to get
at the facts, but as yet had learned but lit
tie. He had sought In vain for available
assets. but was unable to get even enough
to pay the clerks. There was no bank &C
count whatever, and only q faint hope re-
NAMED with him that there might be some
cali loans belonging to the firm upon which
he might be able to realize something to
defray necessary expenses. There was q
report published that a warrant for the ar
rest of E.. NJ. Field had been placed in the
hands Of Inspector Byrnes and that he had
detectives watching MI. Fields house. The
Inspector to-day positively denied that
there was any truth in either OF these
statements.
A number of innocent holders of the
Union Pacific stock disposed of by the firm
held a meeting this morning at the office of
a prominent Wall-street broker and drafted
q petition to the committee on securities OF
the Stock Exchange, requesting them to re-
sclnd their action making the stock nom
deliverable. The interests OF the Union
Pacific have been placed in the hands of A.
III. Holmes, whose Office is In the Mills
Building. Mr.. Holmes realized that it
would be impossible for the Union Pacific
to regain possession of bonds that had
fallen into the hands of innocent holders,
and requested the committee on securities
to release such bonds from their order of
Saturday. Upon his order it was done, and
the stock can now be handled on the ex-
channa There aftll rama1pa n UnnhiV nnm-
Der of the bonds the ownership of which
will likely have to be settled in court.
This afternoon it was said that o careful
estimate of the net loss which will prOba-
Field. Lindley. Weichers ~ Co., is about
$500, coo, of which $4,000 will probably
fail on the Union Pacific Railroad Compa-
ny. and the balance scattering. AS an off
set to this loss there is the investment
which the firm had made in the Cuban
sugar refinerles. which is estimated ut
100000. Whatever is realized from this
will lessen the loss first mentioned. The
company is ready to take up the bonds
from present holders created much better
feeling In Wall street.
DIR. Eugene Fuller. who is attending
Cyrus W.. Field. this morning issued the
following bulletin regarding his patients
conditions: NJ Field rested rather better
last night. He is still very much Frustrated
and has greater bodily weakness. Strict
quiet Is most necessary"
stopping delivery of the Union Pacific
bonds was severely criticised on Wall
street. and many seemed to think n bad
precedent had been established. Mr.. Ely,
the secretary, tried to make it plain to the
kickers that the best thing had been done.
He said that by the action of the Stock Ex-
change o speedy adjustment was effected.
whereas. if the bonds had gone on chang
ing hands lawsuits would have been the re-
o,lt aud fha l0r1S ~0n1l hnyn hon0nnn n N
scattered that it would have been difficult
to nave found them. 1t was ruinOred that
Mr.. Daniel Lindley would be disciplined or
expelled from the exchange for selling the
bonds on the floor. but the president says
no action could be taken without a formal
complaint. and none has been made. Mr..
5. v. White denies owing anything to Field.
LiEdley q Co.. but that on the contrary
that firm is Indebted to HIM.
Assignee Gould this afternoon admitted
that there has been crooked transactions.
but attributes it all to Mr.. Field. and says
be Is confident his partnera knew nothing
of il. He says Mr.. Lindley could have
handled all these bonds on the Stock Ex-
change without knowing Their history.
Mr.. Lindley, on account of the serious ill
ness of his wife, who is now at the point of
death. went directly to the Stock Exchange
from his home and did not go to his office
for weeks at a time. Mr. Gould says that
he found $500 assets this afternoon and
there may be $4,000 available, which will
be used IN paying the clerks their salary.
He denied having had q conference with
Cyrus Field in reference to helping his son,
but thought that he would naturally come
to his aid.
Cyrus w. Field has transferred his prop
erty. consisting of two parcels on the south
east corner of Lexington ven and
Twenty-tirst street, in this city. to Isabella
+. Judson, of Irvington, N. Y. for 100000.
Frederick A. Warde. counsel for r. Z.
Dietz Co., manufacturers of lanterns, at
76 Fulton street. New York. to-day OBJ
tanned from Judge Pratt. of the Supreme
Court. general term. of Brooklyn. an order
of arrest and attachment against Field,
LIndley, Wiechers g. Co., of New
York. who recently made an as
signment. The order was granted.
r.. f.. Dietz claims that the defunct firm
have 5000 worth of stock belonging to
them. They asked the Judge, through their
counsel, that bail In the case be fixed at
$1,000 O0. Judge Pratt thought the amount
excessive. and decided that bail. on the ar
rest, should be $4,000 each. TIE order of
arrest was gwen to Sheriff GorE.an. of this
city, and will be executed Tomorrow.
Victims of the Corn Corner"
CHICAGO, Nov. 30.-As q result of the
,oro ssoornaru 1nn nnn L,,to1e IS Nnya-ho.