The New York herald., 1875-10-24
THE FIRST RESTITUTION.

HALF A MILLION TO BE RESTORED TO THE
CITY THIS WEEK FROM THE WATSON Es-
TArE-wHEN ARE GARvEY AND nGERsoLL
TO PAY UP?
The announcement that the amount of the judgment
against the Watson estate is to be actually paid
over to the city has excited great satisfaction among
the taxpayers at is good to be true expresses
the feeling many quarters where the failure Of the
authorities heretofore recover cent of the
stolen millions created sceptica disrust E the prac
teal value Of these suits brought for the purpose Of
compelling restitution from the Ring thieves To-mor
row the counsel Of Mrs. Watson, Mr. John H Strahan
and Messrs Gillette and Stger, will have to show
before the Surrogate why the judgment entered In the
Supreme Court behalf of the people against the Wat
son estate should be satisfied out of the moneys
belonging to the estate which now on deposit in
the United States Loan and Trust Company In order
understand this proceeding it may be necessary to
recall
THE HISTORY THIS ESTATE
Watson II will be remembered, died through acci-
dent that occurred the Central Park January 2l
1873 He left will, and County Clerk Loew and Mrs
Watson were appointed administrators of the estate
Subsequently an order was made by the Surrogate
eving Mr. Of the administration of the estate by
requiring him to pay over all moneys and securities 70
the Trust Company who were to hold it until the suit
OF the city was decided. IneSe moneys
there ever since When it was announced yesterday
that judgment the amount Of $64s 91 to be
satisfied OF them the first important point 70
tain was whether the money deposit sufficient
for this purpose Mr. Stewart the President Of the
United Loan and Trust Company says that such
Is undoubtedly the fact The money was all ready
securities which would yet have 70 be sold, but
in cash-and the company was only waiting for the
order OF Surrogate pay the amount Of the judg
ment over the city. He asked how mucn would
remain to Mrs Watson after the judgment had been
satisfied and he said every little, indeed" Most OF
the securities handed over to the company by
Mr. Locw were bonds OF the city Of New
York which have since matured stock of the Hannibal
and st. Joseph Railroad, national bank stock, &c.
which had long ago converted into cash under the
order Of the Surrogate Mr. Stewart says lucky for
the city that the company applied for the order
erred much Of this stock has since materially de-
preciated.
/ Company win have TO submit tomorrow
detailed account Of all the moneys and
\ rites received and Of the manner IN which
the have been disposed Of Mr. Strahan says that
no opposition will be made to the entering Of order
compelling the restitution Of the money, all these
proceedings simply taken give legal effect 10 the
friendly arrangement which had long been entered into
\ between the city and Mrs Watson He thought that
the money from which the counsel and referees fees
&c will have be deducted) would be paid this
week, but could not exactly say on what day.
Mrs watson, has already been pointed out, will
receive but little from what she has been wont to
sder her fortune II Is never TO the discredit Of wife
TO believe in her husbands innocence, and II appears
only natural the widow of the late Auditor of the
Ring should spurn the idea that her deceased husbands
money stolen from the city and rghtfuly belonged
Now she has not only to bear the disgrace Of the
public OF the latter conclusion but IS thus
suddenly plunged from apparent afluence into compar
ative poverty However. her relatives reputed to
be very well of which circumstance will tend TO alevi
ate peculiar hardship Of her The money will
90 the general fund" Of the city, and will repre-
sent corresponding in the taxation for 1875
WHY NOT OTHER MONEY!
While this, the first half milon-or one twentieth OF
Che amount stolen-w be restored TO the city treasury
the question still remains, Why are the other wealthy
scoundrcls who st alive and enjoying their III
gotten riches compelled 70 make restitution OF their
! plunderg Almost every day the handsome equipages
OF Messrs Ingersoll aud Garvey TO be in the
park their owners attended by liyered coachmen and
footmen demonstrating how little ashamed they 70
naunt their stolen wealth before the public lngersol
when the great smash-up OF the Ring occurred
puied 10 be worth about three mill on dollars II is
he boasted that his diamonds alone were worth
| quarter OF a million Garvey was acknowledged TO be
worth OF least million and hail. ana
! Kevser about two millions The latter accord.
ing to a statement made by Mr.. Jackson /. Schultz,
turned to him come Six hundred thousand dollars
in securities satisfy any claims the city might have
against him. and this money has never been heard Of
Mr. schultz may have H. 1t has not been turned over
10 the city II is claimed on behalf OF lngersoA and
arvey that their turning States evidence shields them
| from all prosecution This, however, according 70
eminent counsel Is gross error. While the Governor
and District Attorney can prevent further criminal
prosecution no iact agreement be legal which
nsures the safe retention Of this stolen money IL has
been announced that negotiations were on foot with
certain Of the smaller offenders 70 compel restitution,
but tho amounts possessed by the latter very nsg
nihcant when compared with those which lngersol and
Garyey should return These not like Sweeny,
| woodward and Connolly fugtives from justice, but
enjov their brown stone houses equipages, lvered
\ iootrnen and champagne openly in this city
4