, 1876-10-15

to meet It, In this most disastrous present condi-
tfon Of Riverside affairs they who originated and
carried on So ruinous scheme OF Gnapcjerjng
ou"ht not il they are now creditors OF Riverside
to stand in the same condition as those creditors
who, not being officers in any of its
business. paid their money Or so1d property, and nd
From the hrst starting Of Riverside, Duncomb ap
pears to have been . large stockholder and inti-
mately connected with IT. fiscal affairs. He gas
jutos IN all Riverside matters. Badger was in
for bis discounts. of Riverside paper
OF Childs, enormous sums for usury. Neither OF
these men. in the absence Of any fraud. ought to
stand precisely in the condition Of creditors who,
and disconnected with the management Of its bnsi
ncss, have bought fts securities IN the market at
pnr, and haye done nothing to prejudice their
ignored their own peesonal claims against River
side they have not fulled in their general devotion
to ther own particular friends. to try by word and
interests which they have seemed to regard as
pccial1y committed to them.
The connection OF CAlds with the claims OF
Badger and Ducomb, and his conduct in refer
ence to those claims,
CANNOT BE SATISFACTORILY EXPLAINED
upon the hypothesia that he designed to net with
entire fairness: II Riverside had been exclusively
his property, Tree iron, incutnbTance, he might
have given away its property and scattered It's OBJ
legations reckIessly among his fayorites. and his
conduct though passing strange, might still be
charltably attributed to his romantic generosity.
But Childs WIS not the owner OF Riverside, except
n his own imagination. lie was in reality only q
Trustee for others, and had no right
to dispose Of its securities without receiving
an adequate consideration nor had he any right to
arrange fur preference Of the Badger claim, ex-
cept In the interests OF the cestuiQuc trusts.
Stevens, though he commenced at later day
than some Of tho others to manipulate Riverside
Affairs, having once embarked in that fascinating
employment, made up assidufty what he had
lost in time. His letters to Childs introduced into
this record, display an audacity and
snblimity Of ingenious knowledge which
almost compels admiration. And the
inventive genius which originated such fraudulent
schemes is only equalea by the genius which could
comprehend them and could arrange the efficient
Dancombes agent and conhtiant; Childs, Dun
combs appreclativc and protecting frieud San-
derr, as the assignee Of Duncomb and the heir
apparent Of his Riverside friendships, derives the
title TO his bonds and the claim to his lots in
great part through the ingenuity Of Stevens and
the generosity Of Childs.
Such claim hns nothing upon the record in this
care which commands for II the favorable consid-
Grafton OF il court Of equity.
Most Of the other claims have been allowed, in
part at least, though often claim haa been subor
dinated to other claims.
Further reflection, since the writing Of the for
my view Of the Sanders title aud claim.
II substantial justice has been arrived at in the
settlement OF the equities OF the various litigants
without The overthrow Of legal principles, IL is all
that In this complicated litigation hare ever con-
ceiSed OF us possible.