The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1891-12-01
WARRANTS FOR ALL
Orders of Arrest Issued for
Field, Lindley & Co.
ENBEzzLEMENT AND FORGERY.
The Biggest Wall Street sensa' ion sinos
Grant and Ward Failed.
EMBEzzLEMENT AND FORGERY.

Liabilities OF the Defunct Firm VIII Run
Into the Millions, and tho Assets are
But s5OO-Cyrus W. Fields PIiabie
Condition Son Not in blooming.
dale Asylum Employees VIII suffer.
NEW YORK, Dec. 1.--Justice Pratt Of
the Supreme Court OF Kings County is
sued attachments and orders of arrest
yesterday against all the partners of the
firm Of Field, Lindley, Wiechers & Co.
The orders were granted upon the ap.
plication Of Lawyer f. A. Ward, repre-
senting r. E. Dietz one Of the credit
ors, whose laim against the company
is 500, 900. The papers in the case were
sent to the sheriff Of the county for SER
vice Bail in each case is fixed at
$50, 600.
General fraud, hypothecation and re-
hypothecatiOn of securities, embezzle-
ment and forgery are on each page Of the
incomplete history OF the failure Of the
house. Not since Grant & Ward were
caught in the financial maslstrom has
Wall street had such a sensation to dis
ouss. Every one is in the dark, com
paratively speaking, as to the amour
of liabilities of the bankrupt firm, but
the obligations are heavy, too heavy in
fact, for Cyrus w. Field to Mquidate
with his large remnant Of a once tre-
mendsus fortune.
There is no doubt that thezliabilities
will run into the millions. The visible
cash assets are $500, which amount is i'm
the assiguee's hands. This money was
paid to him yesterday by brok er
against whom Field, .Lindley & Co. had
claim. Although the house did
banking business, the books do not show
balance in favor of depIsi.ors.
All the old employees are busy at the
books, and it Will be several days be-
fore any accurate estimate of the firm 3
standing can he given. All these EN-
ployes are severely hurt by the failu e.
Salaries have been owing for months,
and the savings of many of the men
have gone by the board. Edward NJ.
Field induced them to keep their ac-
counts with the house H had no more
consideration for them than for veal thy
customers like the Union Pacific Rail
road Company
Cyrus W. Fields physician said this
morning that mis- patient rested easily
last night but he is still greatly pros
trated and his bodily weakness is more
perceptible. Strict quiet is most neces-
sary.
Charles W. Gould, assignee Of Field,
Lindley, Wiechers & Co., said this morn
ing to a reporter that the report was n ot
true that Edward NJ. Field, the insane
member OF the bankrupt firm, WAS in
Bloomingdals Asylum, but he was prob
ably in some private asylum, as he (Mr.
Could understood on Sat urdRy that 1t
had not been determined to place Mr..
Field in private asylum that day.
Mr.. Gould admits there have been
crooked transactions, but attributes it
all to Mr.. Field, and says he feels conf
dent that his partners knew nothing Of
it. Mr.. Gould said that thus far he
had found but $500 worth of assets He
did not know anything of a conference
OF the Field family, but thought it bu t
natural that Cyrus w. Field should as
sist his son in the present extremity.
Mr. Gould said he did not believe tn Q
failure was enormously large, but he
could give no idea of what the liabili-
ties were.