The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-07-11
COL. FOWLER's ESTATE.
An Immense Property Frittcrcd Away, and
The Inti,nt HcIrs HcIpIess.

Col. Samuel Fowler died in Port Jcrvs on
the 10th Of January. 1865. He had been tho
leading man Of the place. and by intelligent en-
terprise had greatly improved it. He built the
costly Fowler House. and laid out and improved
an elegant country seat. which he named
Glenctte. in honor Of his wife. In 1856 he began
TO be embarrassed and in need of temporary
loans OF money MS the papers in an action in
the Brooklyn Supreme Court recite. He was Of
n remarkably generous dspositon unfcaring
and persistent in his confidence toward those
whom he accepted M his advisers and conildcn-
tial friends. and was peculiarly liable by his
circumstances, disposition. and manner Of
business TO imposition, extortion. and fraud.
Francis b. Wallace. broker in Exchange
place. processing warm friendship for MIR.
rTTS a Gans gained m d mis- e tTa
SO that by the year 1855 he had made up an ac-
count against Fowler for SO 1891, for which. in
In the midst OF Col Fowlcr's financial ombar-
easements, Mr.. Wallace, 1t is asserted. by repre-
conndc in him and leave the management of his
business to him. gained entire practical control
Of Mr.: Fowlers mind. The family mansion,
Jcrvis for 50 900 hut ~ the time Of the alleged
relations between Col Fowler and Mr. Wallace.
there was but $4,000 due. The bank began to
forceloso this mortgage, and Mr.. Wallace stop
from Mr.. Fowler Tor the sum. In May, 1856,
vanccd. Col. Fowler decided his homestead. esti-
mated 70 be worth $4,000, 70 Mr.. Wallace.
WINS mortgascd for $4,000 to j. W. Ewcli. and
John H. Murray OF thus city for s5.OOu. the Soc
n ss Oin r MSrr ny Bo Isfa 2 rrc '
claim. and Wallace advanced 5000 and took
the deed ct the properly for security holding it
suadcd Fowler to put in no defence to fore
closure proceedings under the deed which was
Fowler House. worth $4,000 for 5000. Mr..
Fowler being assured that the Shcrins deed
was to be held only a. security wallace entered
NJ "a 4 Efficiency Judgment of So 1882. by which,
IN 1863, ne took ility lots OF the patrimony OF
Fowlcr's chi dren. :,
After Mr. FOwlcr's death. Mr.. Wallace. who
was supposed 10 have only loaner's claim on
although before he had represented himself
only rs the MORTGAGE. He claimed that hv vir-
tue Of a foreclosure sale. on Jun" q. 1872. his
VIE had bought the, property worth, siOOlo or
under decree which was obtained under the
5anESv OF Port Jeryls m,o,rgsge This decree, on
Dunning assigned the decree to Mrs Margaret
Wallace, who bought IN the property under i.
Fowler passed into the brokers hands. Mr..
Fowler was called to the. war at the head OF "a
regiment he had raised. He had been unable
to have a settlement with Mr. Wallace. although
he frequently tried. He died. leaving no
M Mr. was las 9 hanGs Tso w4 a. is ca @p ssh
leaving Samuel Fowler and Daniel Paul Fowler
as infants aud heirs. A suit WIS instituted
seven years ago In their behalf 20 recover some
Of the. property. An. on WAS made 20 pay
back Mr. Wallace all his advances, but the
amount could not be ascerta ned. II was al
legged that he was p Knitting the property 10 20
10 ruin 90 drl reciate It's valu" to The amount Of
his loans. The action was instituted 10 have
the deods adj judged To be- mortgages in effect.
The whole advance upto 1853 was said not t.
have exceeded $1,000. Mr. WALLACE put in "a
general denial oi the allegations of fraud. and
claimed that his transnH with Mr. Fowler
wrrH fuir and honorable i'm the usual course ut
business Tia" ca-.. has ia.,n i'm Justice Pratt :
hands IN the Kings County >uprem" Court. for
several yenrs. The testimony taken would I'LL
a volume Of over 500 pages. Yesterday the Jus
tice filed Il decision dismissing the complaint.