, 1872-11-01
Joseph EcPHERs0Nvs ESTATE.

VI nn,;,nnS 1:omnnny and George w. Cass
called On to Account In Certain Stock
Transactions.
gave trust deed Of certain lands, tnown as the
Desplaines farms, to Edmund Aiken, President |
of the First National Bank, dated Sept. 12 1866,
to secure promiBsory note Of 100000, and an
other. dated the same day, for further sum Of
s27. 900: together with $50 shares Of the New
Jersey Stock and Meat Market Company stock;
80 shares Of the First National Bank Of Chi
cago stock; Ito shares OF Joseph Stockton
l. Co. stock so shares Of the Union Rendering
Company stock; four promissory notes Of $4,000
each, signed by James N. Smith, and secured by
morteaco Of real estate; two promissory notes
Of $500 each, signed by George Sherwood, and
secured bv mortgage upon real estate; and one
promissory note Of $4,000, signed by Joseph
Baldwin, and secured by mortgage on real es-
tate. On the same day, he also assigned to said
Aiken: contract or articles Of agreement for
the CONVEYANCE to him by Harriet Murphy Of
the undivided half Of Lots 5, 4, s, and e. except
that part condemned and taken by the Chicago,
St. Charles Il Mississippi Air Line Railroad
COMPANY, in the subdivision Of Section Is,
! Township 80, North Range 49, except tho west
half of the southwest quarter OF said section, to
| be held by said Aiken as collateral security. On
Jan. 9, 1867, Judgment vas , rendered against st
the notes, with interest, amounting to total OF
so7 897> 81. On the 18th of the same month
Aikens died, leaving his widow, Elpha, execu-
trix, In February, 1867, the Pittsburgh, fo1t
Wayne l. Chicago Railway Company, with which
company @ Mcpherson wss engaged as stock
aoent ADVANCED $4,000 to the bank, to
nav in full the whole. OF McPhersons
fndebtedness; the bank released Mcfherson
all Liability and Win ms t thspa 70
George ". Case, as trustee for the railway COM
pany. Mcpherson further assigned to Cass, az
trustee, his elevator. warehouse, and lots Is. II n
Livingstone &c o9uaty nls 1ie hIer
TOMS Addition to Chicago; promassory note 10!
S, ,997, signed by William Bowdoin, and secured s
by mortgage; q promigsory note Tor ,ooo; ant
one for slo5oo, signed BY J: n. smath ano % , ee
stock, tools, implements and machinery, belong
ing to Mcpherson, on some Of the lands
referred to and known as the DesPlalnes farms
valued at about S1o,o ,ooo. It is believed, % nuf no
sons death, said Glass; Or the railway company
heId stock belonging to Mcpherson in the Eas
Liberty Stock Yards, valued at s75, 900, besides
: quantity Of other stock and marketable Pro P1oP
+ erty: tie whole of which the heirs Of McPhe1
: son understood to be held for security only, t
bo redeemable By payment OF the original II T.
debtedness, and in tile event Of Cass or the RAJ
way company proceeding With the sac thefeo
, | that it would De 1oi tuo PAPooo
obtaining the amount due them, on
= banding the balance !, to those en!ltle
L. to It. In Juno, 1869, the lands ment!one
+ in the trust deeds described were sold, old OF
and purchased by said Cass, Tor so, ,oso, ana ps
n came thereby, as the heirs contend, q paymer
" on account Of the indebtedness; the lands, far
Is stock and materials we're also turned INTO mont
it for the use Of the railway company, anu inc oI y
!. er property was gradually got rld OF, anq I!
s. land contracted for aforesaid, to be SOFA
Harriet Murphy (9o0 acres in the town Of ticeI
ann OF 22,5O0 Therefore, the heirs clhl
TINT the whole debt has long 81
=, been satisfied, and in suit commence
10 10 hy the widow, as administrators, and on ben1
81 o. OF herself and two children, the heirs pray Il
~ ~ | Court to have an account taken Or these tian
y act;ons with view to affording them relle1 o.
* eouity. The answer OF the defendant meg
~ ~ that the whole Of tho real estate conveyed
20 % by warranted deeds duly executed by Mcfhets
~ and his wifo that en- account will be gwen
tho proceeds Of the p1omissory notes, se go
d, dered; that the stock, ETC., on the Les ram
Of farms we're conveyed absolutely to tho defer
:ts ante that the interest in the East Liberty sto
80 yard was sold to Cass for the Sum OF $40 ,ul
be that the other stock transferred to the compa
pi- ia still in their hands md can be produced; II
D. Tho company never acted rs owing iinM
80 countablfity to Mcpherson; that Cass was !,
ne trustee in the interests of MCPHERSON, .
lie tr11Bteo for the railway company; and that
he account Of all the transactions will sho" tue
tate largely indebted to the company; and tt
~, aal that the bill be dismissed. Yesterday
~ fcndantg wero allowed to amend their ana'
81. within ten days, and there this interest
for | cause now stands.