The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-12-03
THE AMOUNT OF SECURITIES TAKEN
Cyrus Field is Dying.


vigor hope and sturdy ambition. His strength
made its impress upon the century. his hope
bore him up in his work and his ambition has
been rewarded with medals, with knighthood
and with the thanks OF the United States Con-
gress. Hand in hand the New England youth
q nd his helpful wife came honorably down
through a half century of time almost to the
present day. Little more than week ago.
however, the woman he welded on the day of
his majority died. Tonight, bereft OF life and
wrecked in fortune, and made penniless by the
hand OF his migrate and disgraced son,
CYRUS FIELD LIES DYING
at seventy two years Of age, in the handsome
home that no longer shall be his. Edward NJ
Field, the son VINO wrecked the firm of Field,
Lindley, " eichers & Co., is an inmate OF Yer
Mount Vernon; Mrs Edward NJ. Field lies
dangerously i'll at the home of her brother, Dr.
Lindley. Mrs. d. A. Lindley, daughter of Cy-
rus w. Field, is believed to DO on her death
bed. This expresses IN few words the pitiful
condition OF family which, a few weeks ago,
was envied for it's wealth, happiness and social
eminence. The fact that to-day is the
FIFTY-F1Rsr ANNIVERSARY OF CYRUS W.
FIELDS MARRIAGE.
adds new sadness to the story OF to-day. Men,
bers of the family tonight came from the bed
side of CYRUS Field and said: HE is COM
pletely broken in health and spirit. Bereft of
his wife, his fortune, and crushed by the fact
that his favorite son financially ruined the
FAMILY GQQ MADE a mental wreck or himself,
the unfortunate old man feels that death would
be welcome solace to him. He feels his name
has been furnished, notwithstanding the fact he
has sacrificed his all to keep his son from bank
ruptcy" DR.. Fuller, the family physician,
said: He may linEer for several days, and he
may die in 6 few hours"
" Edward Field appealed to his father recently
for assistance to prevent the ia lure OF the firm,
| all his resources having been used up. His
| father consented to assist him, and authorized
him to take certain securities from his strong
| box for that purpose. The son, however,
TOOK EVERY NEGOTIABLE SECURITY
there was in the box, but even that did not pre-
| vent the FIRMS downfall. 1t is believed that
all that remained Of Mr.. Fields once great for
tune before this fresh fall did not exceed 81 000
! 600, and of that not a dollar is left. How much
Edward succeeded in getting from his father is
not known, but it is said to have been $500, 600
| The balance was believed to have been in I'M
encountered real estate. OF which his house
which he sold this week, formed part
| That Cyrus W. Field is now penniless, recalls
the fact he was supposed to have been special
partner in the firm OF Field, Lindley, Weichers
& Co. for $500 900 until March last. On thai
date the firm reorganized and the senior Field
is supposed to have Withdrawn this $500, 900. Il
is now believed that this $500 0O0 If it existed
! all in that way Yves never Withdrawn, but wa!
lost and that its loss brought about the reorgan
| ization and Introduction Of new members an(
that Edward NJ. Fields speculative course con
| tinued with the result that
| THE MONEY OE ALL THE PARTNERS WAS LOST
as well as half a million belonging to his father
The statement frequently made by the assigne,
that two partners, Lind.ey and Witehers, wer,
innocent Of all knowledge of tie firms condi
ton and that it had been going on until failure
Is laughed at by bankers and brokers. The re
mark made by Assignee Gould has been the sub
jeet of much comment to-day. Mr.. Gould said
1T seems to me that the greater part of tn
money lost by the operations OF E. F. Field wa
lost right here by the partners in the firm ;
Still Gould could not begin to give any estimat
of the assets and liabilities of the defunct firm
To show the difficulties he lebored under h.
said suppose parties should come here an
pay large sums Of money TO one Of the partners
and suppose this money was paid right GU
again by that partner TO other parties, the
these transactions might not appear in tn
books. Now, have suspicion this very thin
was taking place.
Edward M. Field after an alleged desperat
attempt upon his life, has been removed to
private insane asylum at Mount Vernon b
order of Judge McAdam. In their affidavits tn
physicians declared Edward NJ Field is
lunatic, dangerous to himself and to other!
Members of the family deny that he attempte
| cuicfda