The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-10
THE NEW YORK PRINTING COMPANY.

More Compilations nud Farther POstp0ncmeut
of the Argmmcut on Stuy 0fths Salc-tetting
Two Millions from the City-Forming a New
skiing" Alleged as the Bottom Of the Whole
Matter.
The case OF the New York Printing Company. on
the motion made by the ocean National Bank to
stay the sale OF Its property under execution issued
to the Sheriff. was Yesterday again before Judge
Barbour, OF the Superior Court
Mr.. RUFUz ANDREWS, on behalf OF the executors
ofthe estate OF the late James b. Taylor, asked fur
ther postponement, as on account OF illness ne had
been unable 10 prepare the proper papers. No de-
NAL, he urged mad been made that the property
was
WORTH HALF A MILLION
and Jhatthe bank was perfectly secured. The lease
which was sold by the Snerin without advertising.
was for $500 year. and Mr. Taylors estate Sc
curity for its payment. MIR. Peter B. Sweeny had
sent $4,000 from Canada to Mr.. Bradley to pay his
one-frth OF the Judgment. An EFFORT had been
male TO MAKE a settlement and this was tho
reason tney nau not moved earlier. II time was
mens Of the entire indebtedness to The y Tang
Mr. Fancher would say that ne thought they would
lose dollar by the postponement Of the case he
Mr. FANCHER said that. to the lease. It could not
be assigned without the landlord first conscnting.
present and would state that, after an examination
OF the property, ne did not think the levy covered
counsel. or to the plaintiff. about paying him. II
the property was worth three lines what It brought
not
After the advertising that had been made there
was no reason for postponing the sale.
MI. LAWRENCE urged that they were In repre-
ss GSpsey os ana could could not though er
was dOno to get bidders here from Chicago and
Washington nc wanted to know how 1t happened
that only two bids were made and that by New
York gentlemen. He insisted that no effort had
been made to protect the interests OF the parties
NO catalogue was made OF the property to be sold.
and no advertisement published OF the lease. It
seemed TO them that an effort was made to squeeze
out MIR. Taylor's estate and build up new company
on the same ground. He asked time to show these
facts by alldavIts. ana that the sale was so con-
parenIy IN the interests OF one whom the late Com
mon Council had In Its expiring moments appointed
The JUDGE suggested that. admitting all this
there Was no ground for the Order asked for. The
estate OF Mr. Taylor was not party 70 the suit.
tanned receiver. The petitioner had no standing
in Court. 1t was a matter OF discretion with the
debtor TO sell the property In bulk or In parcels.
Mr.. CLINTON, representing the granddaughter OF
MI. Taylor claimed that neither the heirs the
ecutors had any power to raise money. the prac-
tica inquiry was ,alsIhe New York Pruning Com.
OF collars. They mad received
TWO MILLIONS FROM THE CITY
and had made no dividends to the estate Now.
to To sacrificed so rs 10 form
NEW RING.
The onlcers abscOnd, no defence had been made,
and, under oil the circumstances, he did think
1t was asking 100 much 10 have the delay solicited
granted.
Tho JUDGE said that he did not see what right
they had In Court.
MrFANCHYR stated that It was perfectly clear what
the real purpose OF the motion was, and that this
purpose was 10 commence q suit and get receiver
appointed so as to deprive the plaintiffs Of their
rights I'm the premises. They had been told that
there were no debts Of the company, and it now ap-
peared that a large sum was owing to the TAYLOR es-
tate, and no had heard OF another large debt beside
this. As His Honor suggested, they had no
standing In Court. The proper way. II they desired
any relief was to llc bill In equity, and that
apply for an injunction or the appointment OF
ceiver. which the Court would only grant on proper
security.
The JUDGE said that altogether It was
AN EXTRAORDINARY CASE,
and In view or all the facts, and as neither party
could be harmed by short delay, he would postpone
the matter I'LL Saturday; meantime he would exact
$1,000 bonds from tho petitioner 10 secure the
plaintiff against any loss He gave till to-day to
furnish this bond.