The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-03-25
PRICE THREE CENTS.
COMPROMISE WITH TWEED.
THE BOss OFFERING TO rRiNsFER HIS
PROPERTY no THE CITY.
The Amount Said to he About Two Millions
Discontinuance Of suits the Proposed
Considerable tion-Sweeny and ConnoIIy.

rumor prevailed yesterday that tho
Ring suits were TO be at once discontinued that
William NJ. Tweed was to be released from jail
next week; that Peter u. Swcony was about to
make an offer 10 compromise; and that Richard
II. Connolly would soon return 60 settle the suits
against him. A part Of the story concerning
Mr.. Tweed is unqucstionaby true. Soon after
his return from Spain, he told his counsel that
he had become tired Of law suits. and asked
whether settlement OF the suits against him
might not be brought about Soon .after tho
discharge of Ebert A. Woodward. Mr.. Tweed
wrote TO Charles OConor concerning tho
settlement Of these suits. In this loiter he
offered TO transfer 10 the city all OF his property.
and to assign all claims that he had against tho
city, and his interest in claims brought by othor
persons. provided that further proceedings
sgalnsl Nm we,f st2pped, and he was released
the representatives Of tho Attorney General II
the state, have not yet accepted Mr. Twecd'5
oner. But tho intmatiQn Of their willingness.
Of the suits against him induced him 10 put
his property in such shape that il could bD
readily transferred. With that end in view,
his counsel has for some time been freeing his
property from membranes. The necessary
cow yunres OF property and assignments II
settlement Of tho suits have been definitely
agroed upon by Mr.. Tweods. counsel and tho
counsel Tor ne pros.,ut!nn. The precise valu9
Of TIC property that Nr. Tweed olicrs 10 give tho
city IL not known. Tho depreciation in valuo
OF his renl estate. his many personal ex-
penses, aud his large payments to lawyers
since no WINS FIRST arrested, luye consider
ably diminished his means. His counsel
Mr.. John D'Townscnd says that. although Mr..
Tweeds wealth s much less than 1t IT, goner-
ally believed 10 be, the city will be richer by
% 100000 II his ofIer to compromise Is nccept-
ed. Most OF tho property TINT he proposes to
turn oyer TO the city can BE- readily sold, and
the claims against the city which hc is willing
lQ assign are valid. and can bc easily collected.
gase before the 5ay issisnatc.a for ,!hc iriai Of
not get an absolute discharge, hut may bo
simply released on his own rccogniZlnce. a5
Mr.. Woodward was. In that event the judg.
ment would stand against him. His counsel
believes, however, that if he Is rolcnscd on tho
terms VII h he la7 offered, execution viii pot
h" again issued in the 500 900 suit. and that
tho II .VngOoo suit viii never betried
The s7OOOOm suit asnet Mr.. Sggeny has
been set down ior trial ON tho first Monday in
day arrives Mr. Sweepy will eject compro-
mise with the counsel for the prosecution. Ho
owpS o,,I 81 P,, PIarsc an,9Hn, oi Foyr W .s aX
his own name and Is unncumhored. Many of
his friends believe that he would willingly
transfer this property to the city If ly 500 doing
J." could put an end 70 the proceedings AGAINST
him. His counsol however. dis 'luim my in
They declare that thcy will he ready 90 try il
on tho first Monday in juno. an Iroio-. To
hrlicve that they Will secure n verdict in Mr..
II Is not true Tint any Efforts are being maia
t. s,ttl" the suits against Mr. Connolly, Most
the proceeds OF the transatons of The Ring.
was invested In bonds and stocks rondily con-
ycrted into money. The cx-Comptroer Is said
to have had an aversion 10 Investments in real
estate. A lawyer who In conynr.ant with thd
Ring suits. says that much of Mr. Connonys
property has recently been turned over e. meme
bers of his family. and TINT one of his Relatives!
now IN Europe wrotc, moi long ago to irieni
in thls city that the cx-C9mrir rpllrr'- tam'ly ~
not intend that the city should get ono dollar of
| his money.