New-York tribune., 1874-01-14

with the exception OF possibly some $4,000 10 various
parties all prior TO January 1870 are the sum 'ota W
the best OF my knowledge and bee OF tho donsonSo
gifts which you inquire about
or course have made charitable donations al diner
ent periods Of which have kept record. and whch
presume ara no. ntended to bo inquired about by yo
AT the several times ut which made these settlements
upon my children I regarded myself worth at ioast
$1,000. 900
Eight days later Mr.. G. Moorhead. tho second
member of the firm addressed similar letter to the
receiver in which he says that about the first OF the
year 1860 he regarded himself worth about SjoO,oo
the greater part in rs-class INTEREST," paying bonds
He owed nothing but current expenses, his income
being about $4,000 year. He then settled upon
his wife property in Montgomery County, Penn. and
his city house in Broad-st, Philadelphia, t0gether
valued at OOO He entered into business with Jay
Cooke Mr. Cooke receiving two-thrds of the profits
Mr. Moorhead not giving his personal attention 10
business. Mr. Moorhead was then President of the
PHILADELPHIA and Erie Railroad Company, and con-
tinued 80 till November, 1854 and since that time
has attended to his private business He sold tho
Broad-st property of his wife, and put the proceeds
in the Butler House." in Walnut above Sixteenth
ST. spending besides on it about $4,000. This house
had been regarded as his wifes, though no regular
deed was made of it to her His wife died IN looo'
and the property reverted to Mr.. Moorhead ftis
letter continues:
The business of Jay Cooke Co had been very pros
perous and my earnings, together with my prVaIo
business been large My estate had incre"seu r'n
my private business at least half miihon' anu my
profits with the firm had fully realized half miioh
more During all this period had lived upon the in
come OF nv private estate and the profits which hao
made In the firm OF Jay Cooke Co. were left In tho
firm in addition to which made constant deposi's
there from my personal income On inc hrs'
day of June, 1869. was marreu W
my present wife, and settled on her securit'es
amounting to 100000 and also $4,000 to be divided be-
tween her two daughters On the 27th of April proceed
ing in view of my approaching marriage. settled on
nv two children 100000 each At this date my
private personal estate amounted to s22T0D exclusive
OF my real estate, and exclusive OF all interest IN jay
Cooke & Co. The assets set out in my schedule
were all the results Of my private business, ana no
part of them derived from Jay Cooke & Co. MY
Walnutst. property Montgomery County property
and lands in the West worth from 100000 10
s30OOO At the date of these setuements Do
neved myself to have been worth upwards OF two
million dollars Independent OF every interest IN INC
firm OF Jay Cooke Co. On the 25th OF December lSl'
settled upon my present wife the house and lot on the
south east corner Of Thirty-ninth and ChestnutstS
Philadelphia which cost about 3isOOo0 $4,000 OF WHOM
we're derived from the properties Heretofore seted on
my first wife, I traded my country home'
lockwood for lots in Philadelphia, realizing $7,6OO
Mr. Moorhead concluded with saying that when
these settlements were made he felt he was amply
able TO make them, without question In law or In
fact
J. c.. Fahnestock says, that on Jan. % 1869, he
conveyed through Philip W. Holmes to his wife the
house and lot No. 292 Madison-ave., New-York CITY,
and also on the same day the furniture and appur-
finances About March 10, 1871 he bought and gave
to his wife 100000 of TenfOrties. which are now In
her name He thinks it proper to add that he bought
tbe house referred to in 1866 with money acquired
before the establishment of the firm OF jay Cooke
& Co., and at the time of purchase and transfer Oh
the bonds he had cash balance of $4,000 IN addi-
ton to more than SS00OOO accumulated proiits IN
the house of Jay Cooke & Co.. and Furthermore
owned other property to the amount OF S2OOoJO MS
debts of all kinds not exceeding 5000.
Ex-Governor Henry d. Cooke says he invested in
his residence in Georgetown SlOo,OO, and IN carter
place. on the opposite corner $4,000, purchasing
them in 1865 and 1867. These properties were SUD
seouently turned over to creditors.
Geo G. Thomas says with great precision that y at
no time or times since 1 became member OF the
firm have made any conveyance. &c, to any men,
Der of INV family or upon any relation" except that
in the Summer of 1872 he expended $4,000 on tho
property of his wife at No. 1,624 Spruce-st
James A. Garland says that when, on the 1st OF
January. 1872. his share of the property in Jay
Cooke g. Co. was ascertained to be $685. 100 ho gave
certificate of deposit for this amount to his wife,
and ON the 1st Of November, 1872 he paid a mort
gage for $4,000 on property of his wife, No. 4oS Lex
ington-ave., New-York City.
JAY Cooke, jr, says NO to the question Oh the
receiver, but refers to property in Philadelphia
owned by his wife, and Inherited by her from nor
fathers estate.
Pitt Cooke comes in subsequently as referred 10
by Judge Cadwalader. after several Withdrawals,
and saws that his interest in the firm of Jay Cooke
g. Co. was the smallest Of any, to wit, seven per
cent. Before he became member of the firm, he
was worth Sl5O,OOO in improved real estate and
western lands. He gave his son $4,000 In Duluth
CITY bonds at his marriage. He gave two other sons
$1,000 EACH He will pass to the estate Of Jay Cooke
g. Co. large amount and all of his prop
erty for which he has not received an equivalent In
the small amount of profits he has received, after
having his family expenses while member of the
firm.
REPORT OF THE RECEIVER.
The report of the Receiver. just filed. after
formal introduction. goes on to say
Among assets OF the above estate are bonds OF the
Northern Pacific Railroad Company amounting to
ss0o9oo There market value for any such amount
of these honds have been informed that sales in small
onaptities have been effected at about IS cents
ON the dollar. From the best information
have been able TO get the debts OF the
firm will amount to about sl10O,Oo0. OF which about
A. 500 900 are secured by coatera or will be settled by
claims which be set of thus reducing the indebted
ness 90 be provided for to the OF about t5500OO
believe that would be to the interest Of the estate OF
Law Cooke Co. settle any Of the debts for which the
creditors are willing to accept bonds OF the Northern
Pacific Railroad Company at IS cents on tho dollar.
Jay Cooke Co. owe TO the First National Bank Wash
iugton about 100000 The First National Bank OF ash
onnntrv about ss5ooOo in sums varying from $500 to