The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1844-02-01

called the Morning Courier either before after this de-
PENDANT purchased the same ~
Id And this defendant further answering says that
he continued to conduct and regulate the said Morning
Courier upon his account devoting his whole
and attention thereto and exercising upon all
entire control its columns and until the
month OF May 1929 when the same united to the said
New York Enquirer"
Sd. And this defendant further answering says that
he, j. W. Webb in sustaining the said newspaper for
about sixteen months had expended and suak between
twenty and thirty thousand dollars !"
j. w Webb says, figures cannot lie!" would ask,
can oaths in Chancery And which 10 to believed the
bold assertions plausible conclusions from false premises
and ingenious of his publication Of the 18th
instant or these answers under affidavit which completely
falsify the whole of them
AS the assertion that my father abandoned his legal
claims against w. Webb in 1929, at time when the
advances by him amounted $50 OOO or any after
period, and then demanded and obtained renewal Of
them discovering that the union Of the Courier with
the Enquirer likely to become profitable concern
is utterly untrue. Never for moment was this the
as prove not only from the books and records
in my possession but by the testimony of at least half
and after the junction Of those papers, when my father
from endless disappontments in the return of monies
which he had been persuaded to advance from month to
month"; the most delusve and deceptive demonstrations
of immediate and permanent benefits OF the most mpor
tant kind to w. Webb and his family did fully deter
mine to elbow up" the concern it has been expressed
by levying an execution upon and all its apprenances,
to save what he could from the wreck and pocket
loss for which there remedy II was under this
determination that the conversation with Mr. Tyec ad-
duced took place determination which my father was
afterwards led once again to forego only by the most
which his daughter and her children would be reduced
accompanied by another of j. W. Webbs convincing de.
tending little further aid he would be in possession
of oil Ms advances. and his sonnlaw and family in
independence
j. W. Webb asserts that after the 25th of May, 1890
che received borrowed solitary dollar from
the estate and also that Mr. Stewart constantly made
per cent in all his monied transactions with him, by
dscountng his notes at seven cent while he himself
always borrowed money at six per cent" If by lone
solitary dollar is meant dollar by itself alone
comPanied by others this may be but is also true
that my fathers books show that within the year after
May 1929 he received hundreds and of dollars
in company with one another not only in the payment
duly entered with name and date The testimony of my
fathers books, however, is rejected by hm-so will
again look to his own records note of only five lines
addressed "A. Robert Stewart Oct. 23d, 1929
five months after the above date in effect conradics at
once both the above assertions begins and ends alb
Tomorrow being Saturday, will require $500 this
morning.
10th Of Nov at per cent payable ut any time you
feel disposed to do so. Yours,
j. w. WEBB"
The $4,000 were gladly taken from Mr. Coser and re.
tanned for years at per cent and only of
permanent loans at the interest which my IA
ther was compelled to make on his account.
w. Webb complains, and would have it believed to
be true that debt OF B. Skllman the original proprie
tor OF the Morning Courier of large amount forms
is untrue and predcaed only the false ground of Alex
ander L. Stewards proprieorshp of the Morning Courier
whole Of this matter In December 1897 j. D. Skman
owed my father S937l to which he about to sell
al sheriffs sale the Morning Courier Instead Of doing
So however, at the earnest persuasion off, W. Webb, my
father sold to him the assignment held by him OF that
tablishmsnt with its appurenances the good will includ
ed as before stated for S6soOthus abandoning 1851
the balance Of J. B. Skiman's debt.
The properties OF the Morning Courier at the time aside
from the good win are thus exhibited by W. Webb in
his own hand writing, in a statement given to my father
while the negotiation was pending =
Due the paper (Morning Courer) in the coun
uethe paper in the city, $500, say good, 1000
Press, types &c. ........... 1000
$1,000
Thus seen that he received at the purchase pro-
perry of the Establishment estimated in his exhibit
Sl 600 good for debit Of $780, transferred on my fa
TIERS books from j. B. Skimans account to his own.
J. W. Webb complains in his article Of the 18th inst
that the alleges claims against him the accumulation
ton of interest which the laws OF the State do not
ton, reply that the Office OF my father and my uncle II
the last place in the city in the business transactions
which an infringement of law failure in the honor o
gentlemen, will be found If he means accumulation,
arising necessarily from neglect to meet his obligations
when DUE and constant changes in his position OF debtor
proposed and urged by himself in substitution Of the
documents by which he bound and the shifting of his
securities who has he to blame but himself and why did
he not prevent such forms and amounts of interest by
ceiling his debt My father paying interest to others
for the very money drawn from him by j. W. Webb and
why should 1t be thought ungenerous or reproach in
to expect and charge interest SO long his advances
remain unpaid
Ana why were not those advances returned Had not
w Webb the means Let his mode Of life during the
whole period Of his Indebtedness give the He
in the receipt at the time from the Courier and En-
qurer of the avowed income of $40 00O above all
expenses, and living daily in style unsurpassed by
gentleman of the city In the winter at his mag
nfcent DIV cling in Carroll place. or with a large family
of children and Servants in The finest suites of at the
City Hotel or the Aston House, and in the summer at
beautiful country seat his purchase, surrounded
by all tho appointments and appliances Of wealth and lux
ury including well filled cellar of the most choice and
wines gardens and grounds OF great extent and
while his barns with stables for breed Of
in like extravaganza. Such of the lavish
expenditures for years of the debtor who would have
believed that he has been hardly dealt with by having
just interest charged the loans OF creditor who with
his family living the year round in plain
od.fashoned residence in Hudson street. in a quetuds
and comparative simplicity which, however much that o.
choice, nevertheless great the result oil
necessity from the absorption Of his floating in
the devouring whirlpool Of the Morning Courier and
which is known often to have given rise to nvidous
mark in the circesioi society in which himself and family
moved.
will state one additional fact only To this however
would invite the special attention OF the reader in
nexion with the principal point in the opposing testimony
the illness of my uncle Robert Stewart the estate
indebted to S53 O0O and for which had very little
security. When it appeared probable that my uncle
might tnot long survive, became exceedingly anxious
from considerations disconnected with any selfish
interest to have this debt secured TO and strongly
urged the necessity Of upon him myself and begged my
sister, Mrs Charles Stewart her husband and uncle
counsel Gen Sanford, to go to him and earnestly per
suade him to this. This they did but to all importantly
the subject he replied that he could not in honor to
other creditors and that il any body to
lose by the estate il must be Of his blood This
continued to be resoutely his determination till 1t was
proposed to effect the object by purchase my part Of
the real property of the estate, in which my debt should
be received as first payment and my bonds and mort
taken for the balance of the purchase money for the
security and payment of the remaining creditors.
To this plan he at acquiesced became anxious for
its execution and impatient till it accomplish
ed II is to this transaction related in detail by to the
brothers of Webb in the conversations referred to
in their tesmony--in which the Will Of my uncle
also topcand to this only that all the Importantly with
my uncle Of myself my sister and her husband and his
counsel stated by TO them, had reference
true In applying It to the changing Of my uncle's will
in place Of thus securing my debt they have made mis-
take by conoundng in their rccollectons part Of
conversation with another, which, however much TO be
regretted not to be pronounced impossible in inter
view Of hours upon single subject
This Importantly for the security of debt is the only
importInity exercised bv me with