THE LATEST HORROR.

Inangahua Times, Volume IX, Issue 1474, 24 November 1884, Page 2

THE LATEST HORROR.

(N.Y. correspondent Dunedin Star.)

Another of those hideous stories of embezzlement and breach of trust, and the most hi:leous of all, has just occurred in the staid old respectable city of Ni'W Brunswick, in tlie State of New Je.rsey. A highly respectable bank, owned and managed l>y imst respectable citizens, has heei. doing business for a long timp, and always presented favorable reports. The cashier was a remarkably al>le as well as amiiiMe man, and was a general favorite. The president wts wealthy, owned large stocks int!i« bank, and his standing in the highest society attracted valuable custom to the bank. The news burst upon a startled public one morning qnifr* lately that the cashier was found dead in his room, which had all the windows closed tight, and the gas streaming from unclosed burners. No one could imagine any case for suicide. His domestic f unily relations were most happy. Hia at the time we.re away in the mountains for pleasure. Belief was staggered. A few thoughtful ones drew out their balances, and the directors met and began an examination of the affairs, which they soon found out ought to have been made before. Parcels labelled as securities turned out fo be blocks of Manic paper, and the further the examination proceeded the worse everything turned oat. The rtnstract : o'i of securities reached a hiirh figure. The investigation implicated the president of the bank as well as the dead cashier. The agony of the former iin-r until becoming unbearable he bolted himself in a closet and when the door was forced it. was found that he had cut his neck on both sides with a penknife, severing jugular vein, and had bled himself to death. An old wealthy stock holder and large depositor, upon finding that •his wealth was all at stake, put a pis itol to his brain,, fired it, and so put an end to his life. Tlmre. are others similarly circumstanced, who are being watched night and day to prevent tuem following the same liorrible example. There is a wing ■in the State prison of New Jersey full of dishonest bank cashiers, bank presidents, and treasurers of trust coinpanics ; but its tenancy will not be increased apparently on account of tho jobbery ci iLis New Brunswick bank. This is an entirely new departure, and may be contagious.

There has benn iteration and reitera tioii of the familiar saying that " th rich are growing richer, and tin; poo poorer," that it wilt be tit least i nevelty to point out that of late in on country the rich have be«u giowin; poorer. First and foreuio.st are tht millionaire losses in the stock inarkel during the past three years. Thest have be*u 90 remarkable that the de•dint* since 1880 is usually called tht rich man's panic. In 1880 W. H Vtmdtsrbilt of New Yjvk, held £D,OOO. O0 ) in United * States Government bonds; to-day lie has only, £5,0J0,00C in Government I»oud3. Tue diiTer^nce hasgonedown wi'h tlie depreciati >-=s on Wall s-r.'Bt. Tha losses of the ViindLH-bilt family are estimated v: L 10,000.000. The assignment o: 'Commodore Garrison who has since been voted one of the strongest money kings, places him on the retired list -on a good deal less than half-pay. Jay Gould, upon who n all eyes looked wit i envy a fe.w months ago, has been compelled to relinquish the Western Union T,l 'graph, the Wabash Railway, and Uiroii Pacific Railway. He is careworn and depressed. Russell Sage, the oldest and most heartless of the eutirn lot, hasbnen hti'id'e I so roughly that heiscompftlled toleavethe avenue of speculation hikl no to the sea shore to soak his head in brine. The evaporation of Henry S. Villard, of the North Pacific Railway, dried up one of the newest and richest kings of the pool. Mr Wilbert F. Storey, the prqj»«et»iand proprietor of the 4 Chicage Times' newspaper, on« of the best properties in the United Slates, yielding a ne\ annual income of £400,000. Iris los his mind and 'is now nothing more ■than a chattering idiot. The Courts havo appointed n co v n's sinner to ni'iiiaij:* the business while the heii*3 "fighbfi.T livißionand possession. No ro nance is stranger than tin* bri >f pase of history. When the Tweed Ring ruled supreme in New York, the youngest daughter of Bos-; Tweed had a superb marriage, her bridal gifts alone totting to over £25.000. Th* costliest present of all «a.H jjiven by Thomas Fields, a king of the Ring, whose wife that night in her •dazzling beauty and queenly mein eclipsed every woman in tin- magnificent and diamond-decked assembly. That is sjene the tirst. The Tweed Ring l»rok. ; Fields, no longer a ti::anci-il kin.<;, fled front the law into the wild* of Canada and with him a notorious •courtesan. His deserted wife took to -dink. The dresses and jewels she had secreted found " their way into I'd'.vn ; and in two years the magni'fic^nt qiieen of the Fields' mansion be ■cane a common drunkard and a street tramp. One winter's night when sleet and hail drove the citizens to their homes, a vagrant in a thin calico dress was seen by a policeman to drop down in the freezing slush of the stree-t. Next -day, scene two closed with the burial of Mr Thomas F.elds in a pauper's grave. When Fields deserted his wife, he had placed their daughter, then eight years old m a convent. But tho money for her education ceased to '-•ome and she had to leave. Unable to fiii'l employment in New York, her fesv dolla s melted away and sire was turner! out of lodgings in the city to starve. Standing faint and shivering in the very street where her mother had fallen, the girl born in a palace, and reared in luxury, took her haggard beauty to the police station and begged to be taken in, to save her virtue and 3ier life. The entry in the policesheet told the closing scene of this •lomance of New York.