New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-12
HAS HE FOCND THE SEC UTILITIES!
IF lie HAS, THE ASSIGNEE OF FIELDS WRECKED
FIRM WILL REWARD HIN.

IF lie HAS, THE ASSIGNEE OF FIELDS WRECKED
FIRM WILL REWARD HIN.
Frederick Palmer OF No. 3l4 East Forts second-st"
is n species OF financial private detective His bus
mess Is find out all about the financial stahdins OIL
business houses for people who employ bim. lie IL
Is who has figured the mysterious client Oh 'he
LAWYER joseph !. Green OF No. $50 Broadway, ana
SAYS lie has found 100000 OF the two Tilions OF
securities which disappeared in the recent failure OF
Field Idndlcy WecheIs a Co. Mr.. Palmer Yesterday
made the following statement to q Tribune reporter E
last winter, In the Hoffman Hons. cafe. got
into conversation with Il stranger about Tue recent
Field failure. found that he was conidcntai man
In a banking house in another city, with wmch fleiu
had had dealings. some things he said gave me a
Glow. and as am always on the lookout for anything
in my Inc began 10 work the matter up In con)unc
lion with two friends. As result can h'w say
that can lay my hands OF from s41oooo 10 9o''V'o
OF securities which have been put away ioF sac hePs
by Field through agents or relatives In such I"
manner that the men in whose possession they are
don't know that they belong 10 Mr. Field ana perhaps
do not even know the value OF the packages which
they have placed in their safe deposit vaults at the
request Of some friend. These securities have Dech
scattered about in 81. Louis, Cihclhhati, rhiiaoor
| phia and Boston. Next week. az soon as get some
information from nv associates now IN Chicago. ana
after the lawyers have decided what the Legal iish7
of the various parties who claim the securities arc
\
dangerous 10 tell YOU more now. -
al NAV soy this however. that there is S3Ooooo OF
II In one lump IN the hands Of near relative OF MI
Field | believe that the failure was a pre-
arranged matter. that when Field found HIM
sen solvent he logan this scheme Of sailing
away securities in such II manner that they coud not
hc traced Mr. Goodwin. of the law firm OF Wander
mol Cunning & Goodwin, counsel for Charles W.
Gould assignee Of Mr. Fields finn. wrote me letter
which have here, Offering me ten per cent Of all
! could recover. The understanding was that they
were 20 DAY half my expenses They paid me 800. ana
the, stoned am now negotiating with the creditors
direct and men representing over 8ipOooo worth OF
claims have come 10 us IN answer 20 our adV'rse
ment l do rot understand what the assignee means
ly saving that all but Sll4,c0 worth Of TIE scclirlrs
nave been traced The creditors have lost heafE
=. 600 900 Where has the al-5G.OO0 gone: IA, td
securities don't shrink that much In few months
Almon Goodwin. Of the firm OF Nandcrpcci, t'miI Z
Goodwin sat in his breezy ONCE IN the ihtcd Damn
Nujdinr Yesterday and discussed Mr.. Palmer and his
! nrn,niscs lie said Il have practscd law In New
SorL 100 long TO buy a pig In poke. MI Painicf
vavs he can find securities :hat belong 10 hc creditors
~ Mr. Fields firm. counsel for the assignee we
have said that VIC will pay him literally for any
~ nav I'm advance that's the substance OF the matter
We Investigate Mr.. Paine. and TIE result WAS Unit
we did not care to advance him moro than $50 i0I
cxDcnscS. As the securities. can only repeat
that they have nearly all been traced There are
q number Of accounts In dispute vet, ana IN process
OF settlement, and II Is impossbltefo say how much
the creditors will get"