The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-22
EDWARD NJ. FIELDS ASSETS.
SJOO,OOO IN SECURITIES SAD TO
H.f1E BEEN DISCOTEKED.

Clark, Ward a 20. Directed by u Supreme
Court Justice to Testify BEFORE IL Referee
In Regard to stocks Alleged 10 Have
Becn Deposited with Thcm just Before
the Failure OF Fields Firm 80 Detective
Palmer Tells the story of His search.
An order was made by Supreme Court Jus
tice Pratt in Brooklyn three DAYS ago to COM
pei Clark. Ward x Co. bankers and brokers
of 20 Broadway. to appear before q referee
and tell something about three hundred cdd
thousand dollars worth OF securities, which.
it is alleged. were deposited with the firm by
Edward NJ. Field. when he was the head of tho
firm OF Field. Lindley. Wiechers & Co., before
that firm failed. and before Field was adiudEed
a lunatic aud was sent to an asylum TO stay
until he might recover lis reason and submit
to trial on tho various indictments against
him. At the samo time. an order was made
appointing Levi A. Fuller OF POI Broadway.
referee. to hear tho case.
The orders wore made on the application OF
ex-Judge Birdseye. OF Nirdseyc. Cloyd & Bay
lisa OF 10 Broadway. who were the counsel OF
Robert l.. Diet2. President of the L. L. Dietz
Company. lantern manufacturers. Of Fulton
street. The demand for the order was
backed up with certified copy OF
judgment for Sll2.4ja12. which had been
obtained by Dietz in the Supteme Court
in Westchester county against the members
, OF the firm Of Field l.ndley. Wicchers 4 Co.
There were also two Gtlilavits. one was made
by John Harmon. and formed the body of the
application. 1t related the circumstances OF
the business done by D!etz with Field and
, his partners, aud. on information and be-
| lief. alleged that an amount Of money
was deposited with Clark. Ward Il Co.
! which was available to satisfy the Judgment
| Mr.. Dietz had obtained Tho second affidavit
! was made by q detective named Palmer. who
! sworc on information ami belief that Field
| had lust prior to his failure deposited certain
| amounts OF securities with Clark Ward K Co..
| and that the firm still! held the securities to
| Fields credit. Copies OF tho orders were
served yesterday on Frederick Ward of the
| banking firm. much to his disgust. Tho ser
vice was made By cS-Julse B!rtseye himsel
The orders demand the appearance of tho
/ firm before the referee this afternoon at )
O'clock.
| At the time Of Fields failure. and since then.
! charges have been repeatedly made that Field
had hidden money before the collapse OF his
! firm. and that il he ever should be released
| from the asylum or from Jail ii he should get
| there he would have comfortable fortune
| to fall back on. But ut no time until now las
| the charge been backed with legal rrosecu-
| ton. Fields friends have insisted that for
| months before the failure he was insane and
| unfit to handle money AMI that he lost the as
| sets of the firm in Will speculation which he
was not responsible for. and good many
| persons have accepted this view.
! The announcement OF tho failure OF Mr..
| Fields firm was male on tho dag after
| Thanksgiving Day last year 1t was {, firm
| assignment. and the individual members did
! not make individual! ;,sSi cnmcnts. Tho habit
! tiles were stated to be about q million dollars.
| and the assets were supposed to be more than
| that Field asserted that they were con slider
! ably more. {. ". Gould. the assignee. on
I his frs. examination found only abuu.
| $1,000 available assets. and this WAS not
much increased OIL subsequent examination.
| The books Of the firm were in u
! bad condition. The assertion that Field
was in sane and had lost or hyrothccated all the
assets Of the concern was made the very day
| OF the failure. IL was packod up 10y physicians
| who examined him. and the other mcmt"rs IT
| the firm. all OF whom Were very heavy losers
| through hlni. remembered that he had acted
| 1ueer!y. Notwitn landing the INSANITY stories,
| some of the creditors. three days after the an
iSr the arrest q fisld, Who la: Seen i" HiGins
! Then it was that he wa, taken out OF the city
at night and coutined in tho crnon House. 4
private asylum a. Mount Vernon Hewa resu
iSrl ;h msrs ia DaWd TSA1nm
! Judge NcAdnnl was visited by tn. .hyslcians
at his HON. in the syenin=. Thee. Vas every
|
took Field to Mount vernon late tia; nisht The
cyrus y Field told this story Cyrus Fiji toii
| me that his son Edward came 10 him and SAID
gras". tn, vas long TIM before tho iGlGre.
lie mast have NJ oney mediate!y h.. said. ile
did not tell his iather the extent ofiis troub!cs.
| box should be- handed to Edward. and he told
his son: Here is the key to The box contain.
son. to help YOU through y0ur troubI"-.' FL
ward Field took the .key. and he furthermore
tool; every security in tn" box"
On tho following day John I. Wiechers. ono
only hal robb-l linn OF Sa56" capital I'm in t..
bonds and 5000 in notes. which had been
loft IN the safe, Cirrus Fields securities were
the ' sG eV Of Mr. WiechelsS al! disarpSarei
within few weeks OF the failure. and not u
were chiefly resi- onsIhe Tor lhs stories that
Edward Field had hidden money away. In
M1rh anS and atT nsa sGyn
lum in Buffalo until such time as he should ne
In conditior IT. to appear for trial, statement
knew a mnnwho knew where Field had deros-
tied about s%oo.YVO Of his money.
see him. and they came in droyeS. He s@id the
| man who knew was Detective Palmer. Palmer
wqs ns by ths tr%n9rteT fnf he wo@i mt
FORGOTTEN hy everybody event Paine, and
Justice Pratt, and n Kept out of the WAY untl
YESTERDAY. He and y man he Introduced ms
| Mr. Sharp accompanied Lawyer Birds 20 and
| u subp rna To Clark Wards Office.
| Palmer WAS seen by SIN report or aftrr Tho
| service He made the statements cunta!urd
| in this story and sal! that he got his !r~t in
| tination about the alleged slowing away .of
money by Field from drunken man, lie
would not give this man. name. nor would hr
| tell NIL OF tho circumstances connected with
| his discovery, ie only said that tina man Was
| connected with New YOr; banking house.
| and that whcn drunk one nGht he said soma;
| thing which l,alm"r overheard Palmer sad
| he followed the man. and. getting an oppor.
tunity. secured IN Introduction; .Ahera :.,HGi
story that Field had begun month, before tho
| failure TO put money where creditors would
| not be likely to find II. and that he HAD cue
| ceeded in putting away az least Siuu,OOO ON
the strength If THIS story and other tlrs which
| he would rot Tell about. Palmer said h. sue
cnelod n tracing $l'4.om, of securities he
! Of Clark, Wnrl & Co., hc said. wa IN Eu,ton,
Mr.. James /: A. lark had charge u t,.It Office.
| and Mr. Reginald Hnnsh iiw Ward had charge
| 9th" o!Ilcr in New York.
| Palm Ell asserted that he had pos!tivr ;nowl-
| ed re that on Aug. Z. 1881 Fold had yrtttnn n