, 1877-01-31

.nd ct No 1;g watnus street, iaennbeted 32.
bi;;;st S;a:k e. co. :ssn;ed BY et, !;
8 r giesx u. il Sili.9s q k.snstou; Inenm: IN:
'fea ais's sep!ssa :sssiea by deed
trust Of iou.e md 1os 80. 100 Emeratd street;
"ssa'fr' sas Wse;. @ 'geossd S ..esi: e 8, deed .,
eu@1:f;d @,. $SsoS; .ppfa.i::da q AZ i j.: :oo: ;,
& y sts s tss, ses fs9t sbSd.dn h Sa:a S
;asa: 'aeansstsi sls, ia;' ep{ssa espp1a{s<a Il
THE SUMMING TIP
ot theee figures shows that property appraised
a. a. si:,ts:l' 0n which were fncumbr1ilcc3 Of
to.,,,x t, w. ir ssti .n o1 inftcr mortgags to the
"nat thc equity was worth. Il l* . scasonable
obheEyatloh ut this polnt that man who, a.
~ o'ileer q company, takes mortgage
y, ,,'sn Himself as PIRATE party is quite liable
70 nse:chtInInte the salue bf the sesilr,ty.
Lie nppra!scnent mentioned Ia the atoye
notes MAS made by competent Judge II tyop-
e1ty. appointed hy the Court fur that pu7poae,
aud wa> called \ Just 0nc Mt tfr: tine It va.
inadc. Judge Moore granted the leave atkct
LOT nMd the tHoltcy WAS borrowed ami cx,.cri,l.
While Il IL not the object uf tl!.s uurras.on to
20 more than present the facts In the case. aud
the r.scaitsy .! the evncern Ii not directly
lnok ~ the nptts abtye given. For Instance,
the latt.named. where licfrsck took psnprr,y
~orth $13,3Ij af,.l lollcd 1t dawn with 81, 81!
81 mortgages. {,, It Is teareey Necessity to
vas President rot s25,tV0 Of this sam. An
other case illustrates the tume thing: sfr.
Matcta l!ad lousc worth 5l.2:D; he borrowed
sl,t On It nh1 tlItH gave the scfnninitg Inter-
eet 70 the Company as security Tor g. hU more,
Tint If. be Borrowed .,U00 IT somebody eec's
money Of hitnsclf amI gave 800 security. Tie
teaf!ef caii gtt more Instructive tnfoEnution iy
the list
While on this general subject. and to prevent
taking It slp nga II, II n,av be- well to refer to all.
PLY nlhrr hact wttlct! tue Officers II the Company
i!w,, aud whth has wrunch. no little uhpltas.
the Company ratgeh from 20 to IL ceuts On tho
autihr, IL was cGL,non, but not entirely honest,
tfitk VI the o3ecrt, or SONG Of them, to buy It
ut' at STREET rates and pass It to their aEo,luta
dlitcfcnte In 'Hnncy as pru1t iur their khrrad-
ness nnl business sNg4dlty IL hardly needs To
bc aasied that continuation Of the.c 1nctl,.uts
Htsw.
1nasrnucll M the Receiver has Instituted MI.
eretlk s1is tn gtt ti0nry out Of these otli.ers,
IL btcoIscs great question, What tInK lccune
o. o. iic ,nonty they t'tuS n un,l divided i4p' II
Is k~n Ky" tl9at fur considerable tine thty took
~ :0o,Hna month, or nearly, ant l, APPEARS
that they uirttlel most uf it around by fhc
means wL'cl, have been noted aluye. aud nov,
since the creditors tannnt ret at much VI the
proceeds, ahy, they want to know where IT
has gs',c. 1t tcctns, u'un examination, that
ONE VI tfc parties who etotN1 10 Win out of the
cpiccrn kel't wosnnn, not lis II Ie, OH the West
sldct and, Furthermore. supported her sister
ahh 'ler mother, and gave plenty Of ra.atnnagnr
surp"rS. II doesn't need ay turthtrcxr xrlarutit,n
~ know What became Of his money. Another
III the gang ha1 the gambling it,t, anil III,
ehafr went Into tho TIL unjer the grrcb table,
anc gFhFu result being that nol',dy lsas daar
TIE MAIN 1nIA.
howcver. from witch tie last few rages have
uiefcsscu, ta 10 find out what urc The present
prospects Of the creditors, aud II Ii painful to
be Obliged to notr that these prospects iusr
been gradually growing more aud ntpre nttt nu-
aiel. nl. lesteruay reporter ,nlco Oh Or.
1urpin. the Receiver, to asrcr.ln what tue
pftsIccs were, anil found out very little whicl,
nnking them cheerful. Their was, thc Dntor
tali, very little bcw since hts former report.
l!r hAa gotten possession Of several pieces of
property, but Lal not, Kold nny. an
,y"a v1ula not n. IT. prsssnl The eafh on hal
pnny owed him for certutn a1vanrcs
which he had natle to save property from Di.I,
f"ll tor taSes.. A. fur tic future hc wa. nut
sSactiy s%I cheerful; the liabilities were ul'"u.
SiM.0o9, hnI the a-*ets II iI,lhtful G,untiv.
IlIcy bud lItcn estimated IL worth $iiu,C0J liy
some PARTIES, AMI as luw as t3,,tA>1 hy otlcrs.
Ills own opinion WIS tl,at 1t would i,u GOOD
Jul to sell tlcm for $40 a u1,l pay 10 pr cent
ulTl1cnd,-that Was AttuIlt MI lie Thought the
Company could ever Ito, ut leAkt tn the prc.rlt
dcprcbtcu cuGtl,tion Of reul cttatr.
When asked abuut the Pieces nj t,rupcrty
Which he hat redeemed by tiic payment Vi tie
$l5,OUU nboye alluded 10, l}r Tirpil sail TINT
lic hardly Thought tiIes WOULD pI together 1,n,s
bring more ttlau $l5,'Au. 7l.r only transaction
which could take plart very soon wiz the avsrpt,
antr Of MI offer Which had beet, malt l,r thc
Cornell property, trn.n which he expected to sr-
re!Fc iruRey eHUu.iI TO ttcar oil The debt OF
*I5,0D. This tya;,sfcr will b. .nallc az suou Il.
The iecistoi! OF the Supreme Court In 4 case
about title has hecn received.
Tie only thing which Dr. Turnfn hal rraly
10 euy to tho creditors wa4, tat II l0plkrl d II
!lry wouldn't ret nu1rc tllau III Iur cent, a1l
he hadn't MY idea when they would get that
po.sthly not Tor year nr more.
There y M cnt! Of chance to n,orallzc an
t!lts, but lIartlly my unr Can rcad 1t without
IrkttE out hts morals and applying thcu as t'e
CUES along. In the first place, /, IL
nn o3nsracc that the Insurance Department
hllhnlA allow u company to htGiu
business OH securities 81 slim, III those submit
ttt! hy the fraudulent bankrupt Atlantic X III
clHc lnsurAtHe Company. Tlltre ought, low
ever: TO be sntc way Vt sliscriultna,tiI. between
Eat'd anu lau mortgages anu sufficient a1,I In
sufficient securities. Soulc patvnt plat, Iur
inak!ng he Officers Of insuranrr to1upai,i, hon
tst Woui!t also Ic nn Improvement, Gut whether
that Gun he h0pcl for Until new brerI Of re.
generated nicn is Invented Is or,c Of The 1urs-
tious submitted With the rest Ut tlrse f,lcts.