New-York tribune., 1875-08-06
FINANCIAL INTERESTS.

DUNCAN, SHERMAN & CO.'S AFFAIRS.
THE REASON FOR DELAY IN SECURING THK LETTERS
OF CREDIT-CLAIMs By THE MEXICAN MINISTER
AND CONSUL
Nothing more was accomplished yesterday by
Duncan, Sherman CO. toward securing their letters OF
credit and circular notes held by persons travelling
abroad. Late in the afternoon Mr.. Duncan said
that he had read IN the afternoon papers that
real suffering wac occasioned by the inability Of
persons different parts Of Europe to obtain money on
these letters No else he said could regret the IN
convenience the delay must necessarily occasion 30
much himself but he did not know how to credit the
statements that had been telegrapbed There were not
more than 600 persons in Europe holding such letters
and they were scattered over oil parts Of England
and the continent. His father had offered
tc5oO00 toward protecting the letters OF credit
Of the firm, and negotiations then pending with
The house of j. g. Morgan Co i'll London by which the
latter TO assume the liabilities. As the LONDON house.
however, will not any risk whatever on their own
aecount, and the senior member OF the firm IA a'
present the Continent unavoidable delay has
occurred Mr. Duncan confidently hoped, however that
the matter would be settled to-day.
The Mexican Minister senor Ignacio Marisca, has pre-
ferred claim 10 Judge shiPman the assignee OF Dun
cap Sherman Co., that under the comfy OF nations
his money deposited with that firm is not subject TO the
State law covering the distribution OF an insovehts cs
tate but he is entitled the entire amount The CORE
epondenee is as follows o-,
SIR: We requested by Sehor ignaco Marlsca, tno
Mexican Minister, To give you notice that be IS iorhed
that the gold belonging TO him which Duncan, erman
Co had in their possession has been 'snselrSd TO you
as their assignee He considers that this god IL pro
teeted by the Immunity which protects ma person
s and ms accreed to the Gov
ernrncnt OF the United States lie considers MS rlght
AZ well as his duty defend this immunity and TO use
all the means afforded him hy she law of natfons, and so
may be proper by the laws OF this country 70 re-
cover this property from any nerson who may retain II
against his WILL lie requests tS immediate return 10
hm and protests against any other deposition oi IL on
your part Yours, Respectfully, FIELD DLio
WIN. ID. shipman, esq.
The reply Of Judge shipman is rs follows:
Msssrs FIELD & DErO-GenGemen: heg to nc
knowledge the receipt of letter of Aug ana note
its and your request on behalf OF Snr lgrco
Narisca Mexican Minister that would return 10 MN
certain gold assigned 10 me by Duncan, sherman 90
In reply thereto respectfully decline TO comply with
the request remain gentlemen, Your obCdient ser
want, WM ID sHiiMAN.
Eew-York, Aug. s. 1875.
The question tus raised will have 10 go directly to the
Supreme Court Of the United States the only tribunal
having the right 10 pass the claims Of Ministers or
EInbasSilOls of foreign Governments.
BY Field d DeyO, attorneys, Juan " Navarro Consul
General OF Mexico at this port has Just filed petition IN
the United States Circuit Court against the neniefr OF
thp firm OF Sherman d CO.-William II. Duncan,
William Watts Sherman, Francis H. Grain, and Andrew
r. ElliOt-aud against their assignee, Judge Shpinal
setting t their insolyeBt assignment, and stating that
he Is informed that only small percentage can oe pd
10 each CREDITOR that he has deposited coin of the MeXi-
can Government with Duncan, Sherman Co., and also
coin coming from friends with them as special deposit
10 he converted by them into currency on his order from
time 10 time and that .. the time OF Their dsslgnInen!
there deposited with the insolvont hiin
&lG,5O5 IL. owned by the Mexican Government, and
f3i2 A deposited on private account by Lin ana he
Inays thar the whole be de- reed TO be paid TO him i'll