The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-25
TllERASS0N AS EXECUTE:
an EsTITE THAT mas DWINDLED IN A
HE1LTHY LAWYERS HANDS.
The Charge OF Embezziemcnt not ExpiicitiD
Dcnied-A Deacit OF $4,000 Aekno~h
edHcd-Aiicged Violation OF Another Truse.

The Charge OF Embezziemcnt not Explicit,
Dcnied-A Deacit OF $4,000 Aeknoyvi.
edged-AIieged Violation OF Another Truse.
Louis f. Therasson, who was arrested on
Thursday on tho charge OF misappropriatins
trust money belonging to the Titus estate. spent
Thursday night comfortably in an uptown hotd
with Deputy Sheriff McGonlgal. He was n0@
taken TO Ludlow street jail. Yesterday morn.
Ing he was in his law ofilco at 3 Pine street at-
tending to business MS usual His partner. Mr..
Bryan. wns engaged in looking up bail. In one
suit Mr.. Therasson had previously completed
bond for 10000. and late in tho afternoon his
second bond for the same amount was filed In
the Sherif's office. and he was released from
custody
Mr. Thernsson declined to make any state-
mcnt friend. authorized to speak for him.
said that the rumors of cmbczzcment and cnor-
nous losses were gross eNnggcrations. He
admitted that the trusts in Mr. Thernssons
hands had hccn greatly impaired by tho heavy
d~lno in the value OF renl estate. and that his
own property had greatly suffered. Mr.. Thcrns-
son WIS prepared to fuca the situation aud 10
make urh rcparation rs lay in his power sOt
any loss his management OF tho estate hsd
caused. AIR. Thcrasson ia preparing "A siato-
m"nt Of the exact condition Of affairs" the
friend said, and viii mako II public IN few
dnys. IL VIII Than bo soen that there arc two
Ono Of Mr.. Thcrasson's hondamen sald last
EVENING lhHt Inc tNhc NOull prObahly Do settled.
Mr. Thcrasson had n great deal Of real estate in
his own nnm". nnd would turn over all OF his
property To mike good my denronrics.
The property TINT got Mr., Th.rasson into his
trouble wgs tho estate OF Mrs. Maria Titus ons
Of his old clirnis. who died in September last
lrnNing about tl5OnO0. HN had conducted her
business for twenty years. and 10y her will.
which was made in 1859. WIS appointed an ox-
orutor. The will WIS drnwn by Mr.. Thcrasson.
and witnessed 10y two mcmhcrs Of his family.
Thccntire csnte was left to thrcXecutors in trust
li9r the brnelt of two grnndchLldren; Andrew
Tho former. 10y u codicl ndded to the will In
1878. was made one Of the executors. a clause
authorizes the executors to sell all Of the real
estate and invest the proceeds IA they doem
advisable. and stipu lntes that each of them
shail bc protected and not held responsible for
losses nor on account Of any Of their or either
oi Their ats. done in good faith Another
clause saws: II was my desire 10 mako pro-
vision IN this my Will Tor such child or chidren
OF my daughter. Sarah Jane Xnhriskic as might
bc born alter my deccnsc and only omit doing
go from an apprehension which indulge thai
II may 40 compli"utc and extend the trust pro-
visions ther"oithat legal difficulties might arlsa
and litigntions ensu"; all which ] wsh to take
every possible prccauiion To- avoid" 1herassOn
admits that he il indebted To- the Titus estate
10000. Mr.. Iahriskie the other cX, cutor. aud
on Of the legatncs SAYS that TherassOn has
used up at lens, .lOOOOn
Tho othprsutarninst rhoraeson WAS brought
hy Mrs. Sarah jane Xahrskr, Mrg. Titus's
daughter. Thcrassnn WAS also Mrs. Xahrls kie's
business agent lie invested for her large
sums Of money; He admits owing her nb0ut
S25 900 The Xahriskirs charge that Thrrnsson
has used their money. giyina them MORTGAGES
on heavily cncumb red property and has sys-
tematically deceived them IN regard To his in-
vcstmcnts. They say that his own property
will not bring enough 10 make good their losses,
They are greatly emhiticrcl toward him, and
charge him with base fraud and dc 'cpiion.
came OF tho money. lie had no known bad
habits. and they can only account Tor his down.
fail ON The theory OF bad business management.