New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-12-04
THE BOLTED u = - X


sage o., tho r,aDerS1"
.Tot since Yesterday morning mere were nothing
but rtlrnOTS then 4 cii ii ~ '4e
uretched business .1.,.
Northrop picked up glass paper weight and twisted
= slowly in his fingers As couSeI Iol Clie Judso1
eStdI; fa NV remarks by saying that have lost
esonav about fifty thousand dollars very nearly all
Pc can;ta1 Mr. Coburn, HahourtonS coexecutor IL
IT. T1idson estate has lost more, don know how
thc H. bad the most implicit confidence IN Hall
burton and the developments OIL Ife to[ e" Gays nave
tcti6ed MS all The president OF the Linton mad al
III Sill ":|od Coburn's fullest condolences COburn
May yI -. nd IudsOn as you know, all came from
to me town out in Ohio All three succeeded Co
- IS \ worker and JudsOn was lucky HatburtOu
mas both He rose from cerkSh1p IN oank dosu
"fl o,,r,anding figure in the world OF finance. He
IL I1ya,,z been known progressive man; but he
was in the closest confidence Oh tle power VII" "nor
he was frequently caiied lii'o ""'So
his hand deprecatingly- ~
timed What you didn't know and Wnat neither
nor Coburn knew until yesterday was MS use Of trust
ron,oanv funds for purposes OF sPecuiCoL- ~ seems
int the decline in Ontario. IN winch ne was heavily
interested had knocked his supports from under hin
and he faced disaster He did not dare al sc tne
81 H. m seek aid from HOwarth, Garrison, or any Of the
- b;o men because he had gone INTO the Onaric
project without their knowledge OF advice Il vas nor
the sort of thing either OF them woud nave 'Qcne
even in the best of times ne Steddy dtCiit N ne
brc market upset all Halliburton plans, and as tie
DAYS passed suppose he saw all chance Oh llutee
of the money he had borrowed go a GUNNER ng ne
did what other have done, lost MS hed ana "eni
in deeper hoping by lucky turn aI ie1'' - I'VE n-
reputation, If not his fortune >,
FHc lost everything own money, MS vie S, and
other funds intristcd to his care ne Stree sOI the
news of his position, and his stocks were i'eEe-
steadily until the bottom knocked out OF them He
killed himself | suppose there was really nothing eIss
left for him to do 1t has been great shock 70 Us all
Coburn is Frustrated, and nobody knows yet now oad
= smash it IS 1t doesn't matter so much about me
I've told YOU of my loss only 70 show YOU no" re were
kept in ignorance of the company affairs
What is TO be dOne!
"A receiver will be appointed tomorrow. The exam
liners and accountants will be work on the books e
night Until they get through there IS no way o. tel
ing what the company can pay have taI.9- WIZ
two members of the board; but can say toey gave
me very much hope 90
Did Halliburton use the other securities 'Ae rail
road stock that Mrs. Garriott still owned
That | am glad to say, IS safe learned &
this morning There are others who are not 50 ror
trnate There are trying times, MI Garrloct.
THE old man got up out of his chair and walked 70
L the window He seemed suddenly 10 have grown
wears older He was of limited abilities and -7oC
erte means and the loss of this considerable lad
broken him badly As counsel for the estate. OF COURSE
NOrhrop had no financial responsibility IN Connec-ioa
with its administration and his loss clearly cted
him of any knowledge or completely IN the acts OF
Edward Halliburton. GarriOtt felt sorry tor nm Al
the grandiloquent infections that so amused Natalie
were gone, and in the window stood only tired Old
man. looking out over the short perspective Oh weary
years that remained TO hIIn -
What do YOU think | had better do? asked BROOK.
quietly. I'm going down to HabbertOn. What shaJ
| tell my wife"
Northrop faced him YEARLY m afraid Gar-tott
you d better tell her the truth.
be worthless"
oh l shouldn't say that. There will be something
left, of course
But not enough to warrant her living the present
Scale?"