, 1875-07-31
Many Prominent Actors Ruined
by tho COlfnpso of tho
E'trna.
Tho Liabilities Of The Messrs Mason, al Phil
ade,phla, s2,oQo,ooo

lilo 1HaRcr hSfcch 10 Fhy buGH HI hluouHI NJ no |
may draw against It, aud in al such rascs
theso latto1s formed part u tho assets Of tho
firm.
Director Of tbs Mobile / Ohio Railroad eass
that sho road was financially in a very low condl-
tion wlon alr. Duncan waA elected lts frasldent.
Whom tho Interest Oh tic eocond mortgage bonds |
bccatno tl1a about April Inst, tho Company was |
not III a condition 10 fnoet 1t, and OIL attauge-
mont was n,ado by which tho bonds were tahon /
m by Duncan, Sherman 4 Co., but hc did not |
think the 1noney WAS advanced by this firm. but
hy Alexander duncan, who WAS In Scotland. |
About liilB ti1nb Mr.. Duncan was appointed Ko. 4
ceivor Of tho road. Tbs whola bollted debt Of |
tho road amounts to littlo oycr s12 GOO, Aud
he thought AIr. DunUan holds largo amount OF
thoso ln'utla, Which he originally took ~ aec1fa-
ty. This alone, however, could not DO The canse |
OF the falluro rs tho bonds eositd not have ctst
On an nyrrugo over 20 prs cent Of their face |
yaluo. In llta opl,iIon q very intyo smo.1nt waa
Hrlnk III New York mud Montreal railroad
scheme
with tho tirJn. ,csHrB HonderBon i Colsiio
had ss3U, 900, mid William Wheatloy bad q rerr
large sum J. L; Tooe. the actor builds their
| papos, Which he bought fortnight aSo, to tue
extont OF so, 900. II. j. Montague, tho nctoE.
deposited With them Ills earnings lore, aud John
1rousiam lad almost his entlro fortune III tho
| llouna, john 7. Raymond C'Coi. sclIors') nnt
credit from tho ,!sn AZ we'll us many Of their
professional nssocintcs abroad. :,
| Tho Now York I'osl anys: ;" Affairs IN Wall
rtrset l'ayo nearly. 1t not entirely, returned 10
| Of Duncan, sherman L Co. The markets arc
| nov only subject 10 ordinary Influences Wo
tave ilr1nor market for gold ana fo1oiEn ox-
change, tho explanation being TINT the nows In
| regard to erops III moro favorable for Europe 10
that tile prospect Of tho continuance OF larSe
grain sAipmcntb Is fading away.
1t wss rutlored Ia Wall street today that the
acpos'ts IN DUNCAN, shcEman l. Co.'s bank
| nEA1-rsrArE OPERATIONS.
--.. Nt.n IGfE jritunt, J:uE 70.
l.. Tho Official rucorl o. transfers 81 foai estate
in tina city in tue TribHne sEstordsy contained
tho sale Of tho property mn tho southwest cor
ter OF Pine AnI Nassau stroois. un which tho
banking -l,ouse Of Duncan, sherman Il Co. standa
known Al Nos. . und II Nassau street. and No. II
Pine street, to alexander DUNCAN, tho father OF
William l'utlcr Duncan. Tho Sassau stEcctprop-
crsy was decided by Sarah II. q. Sherman, widow,
aud Y. D. Duncan, aud The coiado5ason was ~
% pino s.reot ~ vas transferred by ". il. Duncan 10
A. Duncnn for e95.0o0. Many Of the creditors
Expressed thoir tllsBatinfacIon with This transfer
in Wow pf tlis statement OF tho firm tina. oil tho
ton or preference. Gnfayoraole comments wcro
10 numerous that Tribune reporter called on
James H. Far, tue Attorney of 1secord, andiu m,
awor to Inquiries On the subject Htr. Fay said
|
him for n1ore thhh two yeatn, with inhtructtons
from Alexander Duncan to put them GU record
Whenever be thought it prudent to do 80. Tho
tlno IN 'Iis oPiu!on camo aay 9r tno re. ,!l u
hnt there WAS nothing wrong about tho transac-
lion. and ii was = boua Rdo transaction two years
DID,"
Tho feeling gouora'iy WAS tlat tho tsa'sfor Of
this valuable porortv VIA mn1o to protect al-
yanccs OF money to tic flrtn by Alexander Dun
can. and Was kopt secret it, order to Bayo tho
credit Of tho 1irm In business circles, It Naa
thought ty many ucrannB thai tho consideration,
s3s5,llD0. o1prosacd In lilo deoda was q suu,
agreed upon by fatter and son III Wow OF loans
E'de by tho father, aud may provo to 10 q
largar OF smaller Sum upon tho final scttlanect.
Later In The dar II was announced that Will
iam Watta 6hermnn had conveyed to Alexander
Duncan Tor nominal consideration the Lycoum
Theatre property 1n f9afGoqsh ~ sfee. is1a nef!
| WAS stated this property came uto tue hsuds Of
Mr.. Sheulan through advances Of money by
Duncan, Sherman l. Co. to Fochter, tho actor.
] rclcco1atIng the u.calro. aud borrowed vcly
| large porli0n Ut tho sum from Duncan, Sbnr.
man 4 Co. Tho property subsequently fol-
l Into the hnnds Of Mr. Sherman aud aecotding to
tho decd OIL record Was transferred to Alexander
| Duncan Oh Fob. ]. 1879.
An examination Of tho dooda on flo at tue
n Registers office shows tnat tho dec! Of tFanafor
ut tho l,ankiug-house at Zine AID Naasau streets
y |
for Of No. II rino .atraot. Is dated 1871. Ile
n deed OF the .Lyceua, Theatre was executed
d in 1879. Not, any Of thoao deeds were
ousa decda an On shs s day ss bsto!s % e
y and Lie Lyeeum Theatre lcod on tho laS Of tbs
! taiIure. Tho name Of tho grantoo IN each cast
0 ts freshly inserted In d dlfItroat handwriting
. from the boAy of tho decd.
/. 4 Tribune reporter last evening asked " ell
Q known rual ontato lawyer what could have bee1
r. tho reason for the non-rccot'nG OF the propert.
: which was actually eonsesea 70 ING fatast t9s
q liz VIVA told that, 80 fse back AZ 1868. tso Qsu
Q must have anticipated such misfortune N la
i now happened, at! tho property. was conSeyet
70 ths fstheE with a., arparent undorstand'n! d
an emergency itho tho present: In tho mean
Tins. by run-fecort!ing tho deeds tor seren yehsn
whicl, Ia an unl,s,ln occurrence. tho cornrnAnis,
10 was @ ntl In tho hands OF IL former onnora
:. while virtually II had been conveyed to th
IA father, Alexander duncan. ......-
~ HOW Hn. DUNCAN BALANCED An ACCOUNT.
"a Tie opinion wad general amouy bankers AM
~ brokers that with tho retiruuout of Mr. Dnnca,
~ Nr, now spirit calna tllB h0uso uulof I'll
:. now management. All sorts of speuulatons wof
=. = entered ,nto no. only In old and now rattroa
Il It Nv IL oil Lewis siny, ot 1,e lrm Of Nay
9 ktIe, sait yestorlay; AIr. Duncan made II
II and hntno of my friends, anioug whom wc1
= Mr. FAt1nen and htr. 1.almg. laae SO
y; y; oil speculation with him. Romo tlmo after
~ asked him how, after ths loss Of that money
~ managed 10 baiu1l1sd his bookB, Wheu llo told II
IL that tia hsd wr,.ten In r4 lux tho words, d
fool over n4e entry. aud thug balanced tlae y
ipss1uIE xrFErf OF TIE FAILURE on THE 1lrA
ht KffAt. sEAAtt*.
o Nroakf, II Fn7tt. Jufy ~.
ID Tie failure OF Duncan s1ethailk Co. cann'
II. bul hase very cosnrlicasii,R aad aattoylnE q
~ faes upo4 tue coming tllosst,sat season.