New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-06

II IS proper here rem TX that the foregoing az
PAW has title In the City OF NcwYorE carefully
MA lie during the present summer un r the direction OF
tie receiver, by James NJ Taylnr, ESQ, rcal estate
brker IN the civ OF NpwYOrK II long experience, OF
excellent Judgment and thorough integrity, who exam
ined the properties and ide appraisal IN eicn case
oil ii value or e Oo and buildings separately, and Ger
tiled 10 the same ia tue following woris me aDoVr
o. the b-=t Judgment / can form rom present
crcumstauces the value o. the improvement est;,
mated at what they can be built Tor at thS uue''
Loss By THE MORTGAGES.
The actuary his no hesitation IN accepting these ap
prass AZ N every entitled 10 confidence. He
does understand that they profess To be the absolute
hxed sum which forced sale these properties would
bring The corrt will readily understand, what the pub
m ve learned TO their cost that like the
tnt rca estate values are largely coiUecura These ap
pri-us understood 10 express what VOul1 be IaF
excuangeabe value for thesf properties DetWeeh an
owner GUS but absolutely compelled 10 sell, and
a ~ rchaser desGOus, but not Overan1lous Ia BUY bat
transactions Of this kind are ~ tie present time e1
tremey rare The is chiefly controlled oy forced
sales under Judgments or foreclosures Reduced 20 such
standard, The foregoing appraisais are undoubtedly 100
consider IT, whether for the purpose proposed Of
continuing Tue business o, inc conpany' % FL, VI
lng 70 us ya''s q; these properties viii not
have 10 be akcn under the conditions ~ forced aud
NOT Of voluntary The bearing ~ thls inquiry Will
he subseonrn rs consiicred tor the present Il
eept tao ar aud coIsderale estimate OF the appraiser
The bearing ami SIG ihcance OF the foregoing e1ulDt
lie directly mon tue surface OF our inquiry, Hllcl a. e.s
point relates 10 the amount and yac or tue resources OF
he COMPANY with which go DISCHARGE lts oDSauons as
they shall mature We have already reduced these m
tuned and maturing Obgit to an equiv ulnt m ttufcd
litbiif S2,913.-.9. Wnch sum- III aduitou "a tua
Dretnun. To b. receV IN the future. II Is necessary 10
md In cash or vested substantial securlurs But
outset or our investigation, We hld thi
,rtya yrs amounting in tie aggregate 10 $4,000 aud
wbIci were -uppo.td 20 be- aud when ought to be, a
good and valid security fOr nat SUM- are undr care
uly estimated value Of the premises upon wnch hey
are lien reduced to present cash value OF not exceed
Ing Syl lJO tor. except IN the case OF rchpohrDie
which, unhapplly, cannot Dc pteLhiscu Oh
z has tt.rfu gtQe
than the uToDerty upon when tney are phceu but we
nina frter that this value there must De deuuc eel
OF assessments, alIDuntDE WIN
ntere-t on the IAN OF May last 10 r-oJJ) %, leaving
Sloi al 4s rs the which may hope 10 realize
nom the embraced IN our Original stat nont
Al : 900 Here loss upon these ute morlgdX 9
of 81, equal 10 thirty per cent Ouf QUE VI he
prupert Dregol LISTS valued AZ sum 10 excess
r. f iucumbruce and thls tor the nsignincant sum OF
only 1919 49, appraisal OF SZ2OOc. These mort
%. NOT brng worth their face by the considerable sum
of OOO we have OF COURSE not ut eheu ~
IA consider a. an item with wuich 10 burden our
schednle the sum Of fgS,sOO OF overdue inier-
est winch has accumulated upon them, auu lfOui
winch neither the company nor tue speca registered ue
postr fund can hove ever u receive hVhar'
r copany mas acquired title 10 premises covered ~
niv one mortgage "a by the Insurance. Department
a., ,euef;i account, and the appraised value OF TINS
pronertv IL barely suffer nj 10 cover the lncunDrdhce
a. that we sna not change the amount al when tnls
tnorrrtge II embraced IN our summary AMONG, Luc
In the Insurance Department, and hld for
tic s,,esI or refs cred policy account OF rue company
are four OF $4,000 each, and one Tor T22oOo MAKING
I'm All -s0 800 titles 10 the premises Oh "nch are IN
the name Of the Universal Lie lnsurdAce company
ich arouired the same frum North America Lie,
n the rorse and progress ~ the complicated tansae
tions these corporations, Nhlch tue rvccVer
neavo1ug 90 unravel fr the Information OF tue court
and tho ADVANTAGE OF the pohcy-hoders u Vie NORM