New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-08-18
La " LyTELLIGENTE
SUPERIOR CoURT-sFIcIAL TERm-Ass I7-Besre Jsas.

SUPERIOR coURT-srI.eIaL TrRm-Aus. I7-Besore Jsass
HoFFNAs.
NOTION yoR ISJUScTIoS-ToSTISE BUILDING.
John Pepfod irue aneer the vii Of susGansh Drake d.
ceased AT Gusn C. Verpanck and osbers trustees u
The I, niine Building.
"a l7e: number Of gentlemen associated for The
pose Q. erecting Merchants Exchange corner ~
Wei sDd Water ats, 10 which .hey gave the name If
v ionfi, Coffee House. Bv Zoe terms of the Asso-
q ior each member suDsCTlyDg '",......--~-
~, vo,,pg person the sbafe cf TIE said member con-
ti,-i,v 10 him and to hs heirs during the erime Of
toe prSon 30 nominated by him. and on the deafh OF
speh person nominated such snare TO cefss; anu "en
sl Re persons 90 nominated died except seven the
nroDerty 10 be sold and the proceeds divided amo1g
The shareholders of said seven survivors-the
rents AID profits meantime 10 be divided amodS
the shareholders whose nominees are hyng. Ihe
property il still held in this way, and there are
forty FIVE of the nominees surviving, among ne share
holders nominating whom the rents are divided. Inc
trustees last year leased the property to Messrs W.T.
liam II. Aspinwall ADD jams Renwlck, Jr-the les
sees TO take down the old building and erect cosby
eeifice, and pay the Association $500 per year until
the number Of tie nominees shau have been re-
duced by death to seven, when the sad lease,
with the rev buildings shall revert back to the rfus-
tees to be sold and disposed of as already stated.
The old building ceased 10 be used as an Ex;hange
after the erection Of that in Wast watch st ,od on
the site Of the present Merchants Exchange aud wos
burnt al the great FIRE 10 1888. The name OF the Ion
tine Coffee-House Association was subsequently
changed by an Act Of the Legislature 10 tue IOnune
Building Association and the building leased for bos-
ness purposes.
Mr. Penfold il trustee under the will of Mrs. Drake,
who devised the building No 100 Water st adjoining
the Tontne Building and other property to Mr.. =. m
trust TO pay John f. Seaman, out OF the lents and
profts 80 much per anDum during the lifetime Of
said S as in the judgment of the said trustee woad
be sufficient for the support Of said s. aud the residue
10 Ann lis wife daue liter OF deceased and remainder,
on the death Of said S. to the said Ann her heirs, &c
Mr. p alleges as already stated, thai in ere ting tue
new building the Tootin- Co. have encroachei apon
the lane OF soid No 100 Wafer st. estimating the dis
lance from the established line IL 1885, and which line
still continues of me souh-west eide of Pine-s
Water st. being the next block north, &c. He asks
Injunction restraining the erection of the building. In
defense II is said Instead of, as contenoed by
plaintiff that No 100 encroaches on that Of the Ton
the Co. the space on which the wall of the building
No 100 IT, and that a suit has been entered in the Su
prone Court test the question, and thst this n1nc-
ton was not asked for till two or three stories Of The
new building had been put up. Argument was pre-
sfnted.
John II. Briggs AIT. Raymond Harper Co.
This was action by Aid. Il. aga INST defendants Tor
alleged libel. The complaint not having been hed ny
plaintiff, motion w8s made by MIR. Abbott, that the
suit be dismissed, which was granted, with costs.