The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-12-03
eoTaAM,s BIG SMASH.
Young Field In an Asylum bis
Father MAY RsooYer.

Union Pacific railroad by the hypotheca-
ton of securities by Field, Lindley,
Wiechers & Co. was estimated at S2OO. 900
this morning by Artemus H. Holmes, their
attorney In the case. Mr.. Holmes says that
the road has recovered the greater part of
the securities.
At noon DIR. Fuller said there was a fa-
vorable outlook for Cyrus w. Field living
for a considerable time, with even a slight
hope OF ultimate recovery. Mr.. Field"
DR.. Fuller said, ''is in no immediate danger
Of death. He is listless and apa-
thetic, aud In the face of his
great misfortunes, is Indifferent as to
whether he dies or not. In fact, l believe
he would welcome death as happy release
from bis great troubles Edward NJ, Field
has the same strong wish for DEATH"
E. M. FIELD IN AN INSANE ASYLUM.
Sheriff German said to-day that the conn
mitment of Edwin NJ. Field to an insane
asylum overrides the order for his arrest,
and that his instructions are not to arrest
the other members, of the firm of Field.
Lindley. Wiechers az Co, had not been
countermanded. He would not serve the
order against the other members of the
firm until be hadlreceived instructions.
There were many callers at the Field
residence this smorning. An intimate
friend Of the family. who did not wish his
name used. said that Edward M. Field was
taken to the asylum at Mount Vernon
from the house Of a friend, and had not
been at his residence, No. 125 East Twenty
first street, for number of days.
edward, -" he said, "did not attempt suicide.
as reported. but he threatened to do so.
He is undoubtedly insane but not incurably
so.p
RUINED HIS FATHER
"I am as poor as the day l came into the
world,n said Cyrus w. Field to an old and
intimate friend, TO whom he told the story
of his sons deceit and ingratitude Edward
NJ. Field appealed to his father, Cyrus w.
Field, recently for assistance TO prevent the
failure of the firm, all of his resources hav-
ing been used up. His father consented to
assist him and authorized him to take certain
securities from his strong box Tor safe de-
posit Vault for that purpose. The son,
however, took every negotiable security
there was in the box, but even that did not
prevent the firms downfall 1t is believed
that all that remained Of Mr. Fields once
| great fortune before this fresh trouble did
not exceed s., ,000, 900 and that not dollar
is left.
PROBABLY TOOK $500, 900 FROM THE BOX.
How much Edward NJ Field succeeded in
getting from his father In the manner de-
scribed Is not known, but 1t is said to have
been $500 900. The balance was believed to
| have been in unincumbered real estate, of
which his house, which he sold this week,
| formed part. All of 1t is said
to be gone in the maelstromat No. Broad
way, but exactly how much of it volun-
tarily or lawfully, and how much of 1t the
son took without authority aud lost there
no one seems able or willing to say. That
the fact that he was supposed to
have been special partner In the
firm of Field, Lindley &c Co., for
but was lost, and that its loss brought about
the reorganization and introduction of new
members, and that Edward M. Fields
| speculative course continued with thu re-
suit that the money Of all the partners was
lost as we'll as the S500,000 belonging to the
father.
THE PARTNERS NOT IGNORANT.
$500. 900 until March last. On that date
the firm was reorganized and the senior
Field was supposed to have withdrawn his
100000. It is now believed that that
S500,000, if it existed at all in that way
was never withdrawn by Mr.. Field,
The statement frequently made by the
assignee that the two partners, Lindley and
| Wiechers, were innocent of all knowledge
of the firms condition and of what had
been going on until the failure il laughed
at by bank officers and brokers. They say
! Lu6 ldCb budD Ddtlk ACCOUNT wax
| changed about five times in twelve month.
must have opened the eyes of the partners
that they must have known 1t, and that il
could not have happened without raising
suspicion in their minds. 1t is also said thai
it must be possible to tell at once by an ex.
animation of the firms severa
bank accounts, and paid checks what
has become OF the money. Hundreds OF
thousands of dollars could not disappear
without leaving some trace. At the offict
of Charles W. Gould. assignee for Field
Lindley, Wiechers & Co., this morning, Il
was stated that Mr.. Gould had gone out oi
town and would not return until to.mor-
row. His representative said that b.
hoped to make public to-morron
preliminary statement of the condition o.
the firm so far as could be ascertained from
the books, which the clerks are now writ
ing up and balancing. The statement
should. and probably will disclose to some
extent what has become OF the money.
A SIGNIFICANT REMARK.
A remark made by Mr.. Gould has beer
the subject Of much comment to-day. Mr.
| Gould said: at seems to me that tn,
greater part Of the money lost by the opera
tions Of E. NJ. Field was lost right here by
the partners In the firmp Still Mr.. GoulC
could not begin to give any esti
mate of the assets and liabilities
of the defunct firm. To show the difficulty
he labored under be made this hypothetica
statement: suppose parties should come
to the office of Field, Lindley, Wiechers s
Co., and pay large sums Of money to on
of the partners; and suppose, still
further that this money should be paid righ
out again by that partner to other parties
then these transactions might not appear OF
the books. Now have had a suspicion
that this very thing has taken place."
YOUNG FIELDS CONDITION,
The private asylum where Edward M
Field is now confined is surrounded by ex
tensive and beautiful grounds. It is a place
where only those of means can find accom-
modations AS soon as he arrived at Yer
non house, Mr.. Field, who was quiet anC
submissive, was taken to his apartment
and Immediately went to bed. According
to the statements Of a doctor b.
was suffering from want Of sleep anC
food. His heart showed weak actor
and he was in such a condition that res
and quiet were required. IL he had mad
any attempt at suicide he did not succeed il
doing himself bodily injury. He wac moi
violent The percentage Of cures Of persons
suffering from similar maladies Is from
fifty to seventy.