Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-12-03
The Condition Of the Family ~ Cyrus
W. Field: Review OF Ills
History.
THE oLo MAN LONGING ron
DEATH.
lie Is Rerrii Of Ills wife and Fortune,
and Feels That His Name Has
Been furnished.
CYHUS FIELD.
Tragic End of - Seemingly Brilliant
Career.

tragic End of - seemlnEIy nrllIIant
Career.
NEW YORK, Dec. 2.+Fiity-oue years
ago today New England youth known
ms Cyrus West Field, stood AT tho mar
rage altar full Of vlgor, hope aud
sturdy ambition. His strength made
ia Impress upon the century, his hope
tore him up la his work and his atn-
hition has teen rewarded with medals,
with knighthood and with the thanhs
OF the United States Congress. Hand
IN hand the New England youth aud
HE helpiul wife came honorubly down
through half century Of time, almost
70 the present Jay. Little NOR. than
a week ago, however, the woman he
welded on the day VI his majority,
died. Tonight, btrcii OF life and
wrecked In fortune, and made penni-
ltss by the hand OF his migrate and
ditgraced sou, Cyrus Field lies dying
at sevtniy.two yeats OF age, In the'
handsome home that no longer shall
be HE. Edward NJ. Field, the son
who wrecked the firm Of Field, Lind
ley, Wcichefa n Co., 10 an inmate OF
Vernon House, private asylum near
the village Of Mount Vernon; Mrs. Ed
ward NJ. Field lies dangerously III at
tho home Of her brother, DIR. Llndley.
MIS-. ID. 4. Lindley, daughter Of Cyrus
w. Field, ~ believed 10 lie on her i.ath
bed. This expresses In n few words
the pitiul condition Of family which,
few weeks ago, was envied for lts
wealth, happiness and social emln-
cncc.
Tho fact that today Ia tho MY a it
anniversary Of Cyrus w. Fields mar
tiage, add, new eadness to the story u
today. Members u the family tonight
came from the bedside Of Cyrus Field
and said: Gle 10 completely broken ia
health and spirit. Boreit Of his wife,
his fortune, anu crushed by the fact
that his favorito sou financially ruined
the family and made mental wreck
Of HIMSELF the unfortunate Old man
feels that death would be welcome
solace 10 him. He feels his name has
been furnished, Notwithstanding the
fact he has sacrificed hih all To keep his
sou from bankruptcy" DR.. Fuller,
tho family ply sioian, said: "He may
linger Tot several days, and he may die
H. n few hours"
Edward Field appealed to his fa,hor
recently for assistance to prevent tho
failure OF the firm, nil hls resources
Nfth uNtu ms INn"
scented 10 ntsitt him, and authorized
him 10 take certain securities from his
strong box for the purpose. The sou,
however, took every negotiable securi-
~ there was In the box, but even that
did not prevent the firm's downfall. II
N believed that all that remained OF
Mr.. Fields once great fortune before
this iresh fall did notexcecd 81 200, 900,
ufNH "a HAT mt A Aul1uF L. l..n az
much Edward succeeded IN getting
from his father IL not known, but II Ia
said 10 have been 100000. The bal.
ance wR- 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 penni-
less, recalls the fact he was supposed to
have been u special partner In the firm
Of Field, Lindley, Welchers a Co. for
$780, 900 until March | last. On that
date the firm reorganized and the sem
Tor Field IL supposed 10 have withdrawn
this $500, 900. II Is now believed that
this $500, 600, n Il existed at all In this
way, was never withdrawn, but WIS
Lost ana that lts loBs brought about the
reorganization and introduction Of
now memter, and that Edward NJ.
Fields speculative course continued
with the result that tho money Of all
the partners was lost as well rs half q
million belonging TO his father. The
statement frequently made by the
assignee that two partners, Llndlcy
and Witohofs, were Innocent OF all
knowledge OF the firms condition and
that Il had not been going ON until
failure, Ia laughed nj BY bankers and
brokers. Tho remark made by As.
signeo Gould has been the subject Of
much comment today. Mt. Gould
said. sit seems to mo that the greater
part Of the money lott by the operations
Of II. +. Field was lost right here by
the partners In the flrm." Still Gould
could not begin to give any estimate
OF the assots ana liabilities OF the de-
funct firm. To show the difficulties
he laborvd under he said; "Supp0se
parties should come here and pay large
sums OF money 10 one u iho partners,
and suppose this money was paid right
out again by that partner TO other par
Ties, then these transactions might not
appear In the books. Now, | have a
suspicion this very thing was taking
place"