New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-12
MORE RUMoRS OF FRAUD.
wAssv. WHITE CHEATED BY FIELDa
,r,AY OF THE ASSIGNEE ATTRIBUTED 10 EFF.
FORTS AT SETTLING CRIMINAL


,,rors were plentiful in wall-st yesterday than
..,.lopments would be made in the affairs Of the
ssrsupt firm OF Field. Hndley. wiechers Co.,
e.ctipg still further upon the methods OF Edward NJ.
r.M The story went that for some time previous
a. the failure OF S. " White Co., young Field, who
IS Mr. Whites principal broker In the operations
n,rpded to produce a In September corn. re-
lived orders to buy from Mr.. White and failed to
.scuss them or sold short for account OF the firm.
.ipst buying orders given to him. 1t was said that
a.. operatons in violation of his obligations as Mr..
mates agent contributed largely to the defeat OF
a.. bul speculation. The rumors came freely from
c,,.aro che centre where Field would be likely TO
o,duct operations Of this sort. Should these reports
,ve 10 be true. upon investga CATION OF the books or
:, other discoveries the fact would ave an important
s.atns upon the affairs Of White 4 Co.. and would
-, the settlement OF the affairs of the Field firm.
:, will be recalled that shortly after the Field failure
.semus H. Holmes. of counsel for the Union Pacific
pouroad whose securities were rehypothecated by
RID stated that he had been informed that the
Il, accounts Of the firm showed n credit balance
rhe rhc stock accounts reflected q loss.
The assignee Charles w. Could still keeps seal upon
a., Inns when any intelligence is sought respecting
o. condition Of the firm. When asked to the
minors Of the day, he replied that he could lot tell
.nytl,ng abouv their probable truth. So far as l
s,ave rome he said, have found nothing to indicate
,ha. Mr. Field failed to execute buying orders gwen
"a him With proper margin. You would better see
n, White about the matter. / have been too busy
30 look closely after the affairs. and am now going
TO take them up M
II is understood that Mr. White Is considerably dis
...tsAed at the slow progress made by Mr.. Gould,
who Dc assignee for his 1rm. and at the difficulty
q, obtaining light from Mr. Gould with regard &c the
.saIrs of the Field firm. they affect his own But
~ White spoke with caution when he was asked
sonc-~ning the statements boldly asserted in
r,Icaro that he been swtndled by his own broker
u. wrote out the following statement:
aI do not have knowledge to affirm these rumors;
/, only know that Field. Undey, Wiechers Co.
rs advancing on corn. and carrying 1t and shipping
= Gov me- had a good deal of money m their
hsods I have no faos in my possession to base
~. charge upon that they went short OF corn when
c,se,,.d bought. do know that they shipped some
and mat the story not. Therefore true that they
worked AGAINST me entirely / do not know that IL
d true at ALL
r-om Mr. Whites guarded statement 1t might
sopahv he inferred that In his mind were consider
.h,s doubts that young Field kept good faith with
h.n The operators in Chicago, however, Doubtless
h.vs Ground for holding the belief that Field soio
- short AGAINST purchasers for Mr.. Whites account
~ nourSs no steps for redress can be taken pS Mr.
whe until some information can De secured fV,h
Assignee Gould. The common impression IN WILL
,snecting the condition of The Field firm lis Que 10
.so-ts making to compromise and settle c;sss ~ ~
which the basis for criminal proceedings ileht 10
found