The New York herald., 1878-02-19
LORD HICKS.
Compromise Between the Father
and Sons Completed
THE ESTATE IN TRUST.
Messrs. Day and Seward to Garry
Out the Agreement.


among the lawyers in the Hcks-Lord proceedings
yesterday and Mr. and Mrs. Lord are equally salts
fed with tho compact OF compromise The recent
family trouble must be regarded as rather agreeable
experience alter all, the concluding chapter
OF the story ends in mutual good Will and har-
mony. Mr. Day looked pleasant, and seemed
to think that very sagacous arrangement mad
been made in behalf OF the petitioners, his
clients Judge Porter made effort 10 conceal his
satisfaction. He expressed himself as being con-
tented with the arrangements entered into on behalf
OF Mrs. Lord, which did ample justice to her inter-
ests Mr. Seward took the first steamer TO Europe ON
Saturday TO enjoy holiday and also 10 look after
some business OF u private nature. Mr.. Thomas
Lord Jr, and Mr.. Charles Lord visited their onice,
In Exchange place, betimes yesterday, and both
looked as II their minds were suddenly relieved.
Whatever feeling OF discomfort may remain beneath
the surface, TO the casual observer there were no
signs of dspleasure DISAPPOINTMENT regarding the
terms OF the compromise. The long waged wordy
war has happily terminated in mutual concessions
and compromises, the concessions being exclusively
made by Mr. Lord, while his children agree to waive
their legal objections TO the marriage, thereby con-
Eenting a friendly compromise Of the difficulty.
THE COMPROMISE
Mr.. Lord in accordance with this programme, re-
celved propositions carly stage OF the family
quarrel, looking toward terms OF peace. The uti-
matum, expressed by his children through counsel
that he should resign into the hands OF properly
appointed trustees the Of his estate and
that these trustees should with iul powers
10 distribute the of the property in pro rata
shares among the various parties Of the SUIT. This
proposition was received at first with great
deal OF opposition by Mr.. Lord and his
counsel, as these provisions were considered
Arbitrury and one-sided. However the basis OF
psreeme ent was regarded protocol OF peace, and
Mr. Lord considered the nature OF the proposed
PROMISE and finally, after several conferences, q
mutual understanding arrived at, but nothing
differing materially from the first draft OF the agreo.
ment. BY the present compromise Mr. Lord goes a
great 10 conciliate the storm opposition
The part Of n,s children to his marriage He has vir.
tualIy surrendered his property aud estate into the
hands OF trustees, who wli apporuon out the income
expressed equitable basis He abdicntes his
rights TO tho future management OF hts estate, and
leaves himselt passive instrument IN the hands OF
Mr. Henry Day, oil the drm Of LORD Day 4 Lord, has
been appointed in tho capacity OF an executor" on
in the bond the interests OF Mr. Lords chill
dren. These gentlemen have been Invested with
1u powers to collect all the revenues from Mr.. Lord's
estate and to disbarse the moneys thercfrom
according to the compact between Mr.. Lord and bis
iu the Registers ONCE giving Mr.. Day and
Mr. Seward Iull power TO sign all checks
s sna Of his STOCK Of any bocy
standing his name, aud TO collect dividends and
interest other Indebtedness and rents now due
10 the estate also empowering them 70 sign and
transfer all bonds and mortgages and give good and
SUFFICIENT receipts Tor whatever moneys arc collected
In addition to this deed Of trust has been nled.
turning Mr.. Lords property and estate TO Mr..
Day and Mr. Seward for the nominal consideration
oi ST. His real estate property vas valued at
81 ooc OoO aud his personal properly $500 OO0 the
latter consisting chiefly OF railroad bonds, gas and
telegraph stock ana such like securties
PROVISIONS AGREEMENT
Mr. Day yesterday stated that the provisions of the
srre.ment were of secret nature and could not be
dvulged Besides the instruments recorded the
ReQlsters Office, another paper was prepared and
signed, explicitly specifying aud defining ine power:
keng forth the particular sum OF money TO be app0r
tion OF the annual income OF tie estate to Mr..
Lord his children. This document Mr.. Day
declared lett nothing in doubt Every element
pi discord had carefully calculated. and
interests and objeclions at Is just such an instru.
ment " said Mr. Day, las MIR. Lord would make him.
self he, before these complications had been
tempated made WILL having nothing 10 influence
him but his own natural care aud affection Tor his
children. Of course, Mrs LORD has also been con-
slGered riguts have been carefully weighed
There disposition manifested on the part OF
Mr. LORDS children or their counsel to deprive her Of
m equitable snare In ihe general apporuonment She
has gwen hearty consent 10 the ers OF the settle
nenI ana have no doubt whatever but that she is
well PROVIDED tor and has cause OF complaint OF
course, the previous financial arrangements between
Mr.. and Mrs. Lord were taken INTO account when the
terms Of arbitration up for settle men There
Is no good reason to conceal the fact" said MT.
Day, ''that certain funds had been advanced 70 Mrs
ra sus her aoS9 0"rn ABROAD Ssss oaD and
III aggregate amounted to rather
formidable sum, and as matter OF course
edness the estate should be deducted from her
nual apportionment. AT The demise OF Mr. LORD mis-
estate be divided up IN equal parts, or IN
such way between his children, Mrs. Lord, OF course
retanug her share OF the property as her legal rights
guarantee. That about all can say Ia u general
way, said Mr. Day in conclusion
Nj. Charles LORD was At the Exchange place office
yesterday AFTERNOON, but dd not desire TO give any
Information relative to the provisions OF the COM
promise. He said, however, that the lawyers had de-
clded upon settlement OF the difficulty which, he had
doubt acceptable to all the parties ned.
When questioned regarding the attention which
had been gwen TO Mrs. Lords rights he said
In an aggressive way that
qnainted with the particular nature OF Mrs Lords
rights He was only concerned that he and his family
should not suner, mind seemed TO DO at rest
from any apprehensons or misgivIngs on that point
The income on Mr Lords estate viii not amount TO
less tnun $4,000 Of which amount $o5OOo is derived
from real and $2 0O IRON interest personal
property, There are about twelve persons directly
Concerned in the late compromise.
PROPERTY CONVEYED.
The deed executed the l4th inst by Mr.. and Mrs.
Lord convey, trust TO Henry Day and clarence A.
nsmeIy:-All the lands belonging to Mr.. Lord begin
ming the southerly line Of Exchange pace,
aivsion line between Nos 81 and So exchange place
shence along the limo OF No 81, 70 ODD feet thence
northery, joining the boundary oil The licensed Mr..
jacob sherred, for distance of some IL feet, and
tncnce, in southerly direction, 20 ieet, next the
premises OF tho laio Mr. Jacob Lorillard;
tnence easterly, little than o tcet
when the boundary takes southerly direction Tor .
Instance Of over 30 ieet and then assumes q slight
angle toward the east covering line OF somewhat
more than los ieeL The boundary now goes toward
Inc east aioug the rear OF No. ~ Beaver street
n feet, ana toward the south by the line
Of No 14o Beaver street, nearly at right angles
10 100 leet 10 the nostnesy line OF Beaver street,
SO feet moro or ess, TO No. ~ Beaver street. From
here again the properly tends IN aortnerly course
lhrough party wall. IN straight inns l4o
feet, to the southoriY line Of Nos rs and "a
William street; whence the boundary goes
Basterly along the line Of these houses, through =
party wall them l47 feet the westerly side
pf william street From mere the line Is toward the
Lortn aiorg the vest side OF William street "a ieet to
the southerly side OF Exchange place. LOG ecL 10 the
party wall OF Eos. "a ana ~ Exchange place.
and IRON here again soutberly along the easterly line
OF No a. Exchange place. in straight line 102 feet;
tbcpce norlherly along the OF Nos A. a. As and
90 Exchange place. and parallel with the southeriy
line OF Exchange place, " feet to the
oasterly SIDE OF No. 81 Exchange place,
and partly through a wall 10 fest 10 the south
erly sdc OF Exchange place From tbIs point the
line goes toward the and west alosg the aouth
sd, nj ExchauRe place ~ feet to .ho point