The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-09
THE JUDICIARY COMRITraE.

The Winding Up o. the Case Aga ms. the
Judges--Wbat Colonel French Tanks Aboat
Real Estate.
The Judiciary Committee met yesterday morning
1t ten O'Clock at the FiIth Avenue HOTEL There IL
buJ little interest taken their present proceedings,
~ now that the direct examination OF the Judges Is
concluded their attention Is called to inc little
scraps OF evidence that may serve TO complete the
story. Yesterday Mcssrs rruoe Niles, TildeD, Stra
nan. vedder anu Flammer were present during the
session. and although the greater part OF the orning
was taken up In executive session, they succc lied In
hearing several witnesses, whose testimony had
relation with the object OF their mission. The
testimony Of Colonel Richard French, OF French's
Hotel, brought 10 light rather interesting story
connected win the valuation VI real estate in this
city. il appears that Colonel French was the pos.
SCISSOR oil valuable piece OF property situated on
the Boulevard between Sxy-third and SIX ty fourth
streets, OF which the city had need Colonel French
was accordingly informed 81 that lac and The
property was examined hy Mr. James II. Coleman
and two others. who 0lnciated "a commissioners on
valuation Tor the city. Jhis property mad been
offered Tor sale by Colonel French Tor the sum OF
$4,000, and he had refused the sum of $780, 600 for
II The commissioners, much 10 the astonisnment OF
Coonei FRENCH valued the property AZ only $4,000.
w thia dilemma Colonel French had the property
valued Wy twelve different gentlemen who were
supposed to be thoroughly cognizant OF The value
u real estate In this CITY, and deliDera lions
resulted In an average estimate OF about SiSt.0oa
Shortly afterwards Colonel French met Alderman
Terence Farley wno In the course OF conversation.
suggested that tue Colonel should sell the properly
10 him. The Colonel was delighted and the bargain
was struck ~ was arranged that the Colonel was
TO receive $4,000 ana hair the surplus OF the re.
valuation on the property after II became the prom
erty OF Mr. Farley, provided the whole
amounted TO over 100000. In order 10 con.
duct matters on thorough business basis
it was also arranged that the nan OF the
surplus going to Mr.. FARLEY was 10 be charged as
counsel lee. Shortly after this Mr. Farley ana Colo.
mel French paid visit 10 the law chambers or Mr.
Gratz Nathan and there the business was brought
10 q satisfactory conclusion. IL appears That now
The property had changed hands, the commssi ION.
ers had formed another idea as to its value, ana
they fixed the purchase money at 4lj4O00. out OF
this Mr.. French got $lo7, Goo which comprised
$50. 600 ana 81 900, the haiI OF the surpus S5aOOO
The remaining 81, 900 was pad as counsel fee 10
Air. Grafz Nathan. The venerable Colonel French
produced his check books ana otner documents IN
support OF his testimony.
Several other witnesses were examined, including
n Mr.. Morris n. Thompson who gave some tesli-
ynOny OF an uniinporiant nature IN relation to some
800 fees TO receiver granted by Judge McCunn,
which order, witness stated was Afterwards TO.
ycrscd AZ General Terra.
Several OF the committee left yesterday Afternoon for
Albany, but Mr. Tden aud lhr. Prince Wal remao
and hear some further testimony this morning,
which VIII terminate the labors oil the Judiciary
Committee