The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-08-10
THE SEM. CENTENNIAL OF OVERHEAD RAPID TRANSIT
IN NEW YORK CITY,
Fields Manhattan stok-Ihe so
and on tho Highest


- Vi ms '.oon Lnis inevitably
|. pu au 'ous ueprecA-
rr.,.,i -. o =. NC 49, vi lhe STOCK,
ri. a., ',.' .u pl",eu Mr.,
- o u'u not
| - -, 80 $500 us
$50 70 ~ 49, 80, no eiore az
80. - w protect
',.. 1870, t W. now IN
ora,ha- -, .,e,,,s ss py
T., ,,ar,, aan,orou. ,n,s,,,oa paced
Nc ,na,,,tah,s ,ha, uawann, ana y
hro,,.rs ,,,o,,Id ha,,a fai,oa '''' VI
Thor. wa. thero,ora hu,
coursa Tor Mr. Field For :, fao.
had on,v one of two alternative. IT., ue
he could accent He must e,tbor a
Knowledge himself 70 he in , nos,,Is.
where he could not meet his l,abiI,,,..
or else he must find some ono NM
would consent to relieve him Of Nj.
stock and his obligations. Who was
there to whom he could turn executing
Mr.. Gould. although Mr.. Field and
| others had previously ATTEMPTED 10
get control OF the Manhattan Company
without informing Mr.. Gould Of that
purpose?
Therefore 1t was decided to make
deal with Mr. Gould and the matter
was committed to the charge of John
7. Terry and Mr.. Fields son Edwin
Mr.. Terry was also friend Of Mr.
Gould as well as next friend, SO u
speak. or Cyrus W. Field. An app
pointment was made for an interview
with Mr.. Gould which was to take
| lTHlnRt0n-np-
the hudson.
IL so happened tnat just at mat time
MT Iouid hau So'ooo'ooo on deposit In
the oank' lhis money ne was holding
with intent to carry out an enterprise
winch ne mad Tor some time planned
ana IL was MS expectation mat the
money would De exclusively used for
that purpose. Inc interview with Mr.
Gould must nave peen somewhat dra-
matte. MI. F1eids son was so deeply
aHected That he at last broke down
ana sheo tears "hiie ne was urging
MI Houlo 10 come 10 the rescue OF
MS tather, Mr.. F1eld.
Al y O'CLOCK that evening there came
an interruption which ended the inter
view Tor the time being. Mrs. Gould
was devoted In the care or her hus-
band, watching over him constantly
and with zeal so that he might not
oVerdo ana in That way impair his
strength. She must have known that
an exciting conference with her hus-
rama was IN progress ana the mo-
ment came when she deemed 1t expedi-
ent to end 1t. She entered the room
ana SAID her huspanos health was o.
1ar more Importance than any business
matter, ana TOT that reason She was
persuaded that ne shouid not give any
more time that evening TO the discus
SION that was IN progress. They
yielded to Mrs. Gould's command. but
this was done with the understanding
that the meeting was to be resumed
the next morning at O'Clock, at Mr.,
Gou!d's house. Promptly upon the
hour thus fixed the conference was
resumed and after careful considera-
ton. in which Mr.. Gould took heed OF
the various contingencies that might
arise he agreed to use the entire ss-
600 900 which he then had on deposi,
for the purchase of $4,000 shares OF
Manhattan stock at 100. This pu-.
chase was Immediately made hut RI
sooner was this transaction comple,al
than Mr.. Gould was informed thai in
stead of 10000 shares being all n, m.
stock which Mr., Field owned he Al
IN fact own 20 600 moro He con,5 m.
no saved fron, f,i1rro ,,,,,,ha,ass,a
MIR Gould,s nurchase ~ IN mn sb.ros
unless this additional % 0oo sbore,
wore also nrov,ded for NJ ca.,,1
deemed I, essential mat rr,,,tsj,,
should no r,,do IN ,ro,oo, .ba, s.o,.
and bo in,med,o+o,,, or,,,,,i,,I -,
syndic,ta ubic,, ,.,, 49, t,,,. 49, o. an.
shares
In that Ii,,,e sv,di,,.,o or,,,- o,t
crs was the late I pio~roc, ,r,,r,o,
Immediately after the romnlc,j,, a.
this transaction Mr. Gn,,,d ,,,,s ,g,.,
Informed that Mr., Field sin oUnel
5000 more shares of the Manhattan
stock, II was inevitohls that This ais,
be provided for. but the assurance was
given that this total of IS 600 share
wis all the stock of which Mr.. Fled
held possession. That aSsgran ,
proved 10 be accurate.
Mr.. Field had made the mistake o.
attempting to appreciate the market
for Manhattan stock so as to enable
him to sell his holdings at n prize ,ha'
would have yielded him "A voyr 'ar-r
profit. But he was unable SO 20 lead
me market in this stock a. to ras-e
the price to appreciate to the point h.
had in mind.