The New York herald., 1879-03-13

by some interested party otherwise, If the
decision remains unchanenged, such claims
the Osvego Widows will, OF course, receive primary
attention. 1t seems, however. that in that
another long delay is inevitable. There very little
cash on hand, and the assets and securities of
such character as renders it hard to realize upon
them at present. In circular which Receiver
Parker issued some time ago he sets forth that he
has received very little money other valuable
property He says that when he took possession
''ll the securities OF value had been taken out
OF the State. except the deposit in the In
surance Department Of New Jersey. consist
ing of sbonds and mortgages of the face
value OF sio9,ooo ! have been compelled
to foreclose nearly all OF these. Some liatcd;
on others decrees We're taken out and the property
sold. Under order OF the Chancellor empowering me
to bid to prevent the sacrifice of property, have In
some cases been obliged to buy. For some of the
property thus purchased have been offered an adj
vance price, and will sell reasonable sum
can be obtained In some cases where sales have not
yet taken place the taxes and assessments of
years standing amount to almost much the
property VIII probably bring at public sale. doubt
If $50,O0O will be realized from these mortgages
which in the New Jersey Department.
These represent face value of 100000. As re-
CARDS money realized last spring from the suits
brought against wealthy stockholders and directors
the amount of which rumor placed at 100000. the
receiver says;"Ihe public fell into in
quence OF such rulnor. Not one-third the amount
reported in the papers was received in cash. The
amount Of cash received little rising $4,000.
In addition to this judgment was taken for $4,000
against one OF the parties not responsible pecuni
arily, and from whom nothing could have beer coll
lected il the SUIT had been proceeded with. From
another in embarrassed circumstances mortgages of
the face value of $4,000 were accepted and another
who is perfectly responsible gave a memorandum
check with collateral. bearing interest at per
cent, for Sl2, 600, which it is expected will soon
be paid. These settlements were advised by counsel
after submission to the Chancellor There were other
defendants, who, through their counsel.
braced in the settlement but who have not carried
out its terms. and against these the suits still
pending and will be tried at an early day. Notice
given fixing time within which all the parties
might take advantage of the tcrms of the compromise
Two of the parties, owing the sum of $4,000, the
basis of the compromise have signiicd their inten-
ton to do SO, but have not yet paid the money.
Against the others. seven in number. who have sig
nifed their intention to resist payment, suits
pending and will be prosecuted with vigor l sup
pose some of these suits will be tried this month.
hope to recover the whole amount against these
parties and If SO, will obtain judgments for some
sixty seventy thousand dollars of principal, most
of which, / am informed can be collected. 1t
Qures much time and labor to prepare such for
trial, and it requires more time to bring them to
final hearing than one not acquainted with legal pro-
cecdings would suppose