The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-03-06
MAKING AN ASSIGNMENT.
THE DECTSITE STEP TAKEN yesterday
BY 1RCHBISHOP PURCELL


Last Dollar lie Owes-rhe sentiment In
the New York aud NeighborinR DIoceses us
TO the Proposed Collection for Ills Benent
CtNClNNAr1. March 5.--From the moment
that one OF Archbishop Purcclls creditors re-
sorted to legal proceedings nm assignment be-
came inevitable. but that step was postponed as
lon, as possible the Archbishop's friends re-
carding such action in the light OF catus-
trophc. Yesterday matters took turn which
rendered further delay impossible. Walter |
Lacey constable who. prior TO July 1877. |
dcpos ted 81 900 with the Archbishop. was ex- |
ccptionuy violent over his loss. swearing TO !
recover his money by any means. A fortnight |
aco hc instituted proceedings in Bracken Coun-
IT, KY. where it was understood that the Arch !
bishop owned some property. and there pro- |
cured an attachment upon property in which
the Archbishop and his brother were supposed
10 hold an interest. upon the ground that they
were non-residents. und intended to remove
their property for the purpose Of defrauding
their creditors among whom was himself
That suit is still pending. Its existence was
concealed here until Lacey instituted yesterday
another suit here on the same claim. and pro-
cured an order garnisheeing the trustees and a
runiber OF persons supposed to be debtors to
the Archbishop. The affidavit made by him
alleged " that the said defendants John B. and
Edward Purceln Hro about to remove part OF
their property ont OF the jurisdiction OF this
court with intent to defraud their creditors;
that they have property or rights in action
which they conceal; that they have assigned.
removed. disposed Of. and are about to dispose
OF part Of their property to defraud their cred
itors. and that they fraudulently contracted the
debt and incurred the obligation for which suit
is brought herein"
The trustees attorneys say that the attach
ment will not hold. rs the plaintiff cannot possi
bly, make good the charges in his affidavit. but
1t precpitated action in the matter Of the as
signment all the same. The general creditors
demanded an assignment in order that those
who had brought suits might not obtain prior
ity. which they would have had II they had got
judgment. Last night Mr. Charles Stewart. one
OF the trustees. and Mr.. Cosgrave. one Of the
firm Of Mannix & Cosgrave. trustees attorneys
went out 10 Delhi. where the Archbishop still is
and procured his signature 10 "A decd transfer
ring certain property for the sum OF one dol
lar. and other valuable considerations" to his
brother the Rev. Father Edward Purcell. That
deed. stripped Of its legal verbiage and matter
Of unnecessary details. sets forth the transfer
Of reul estate oi the total present value Of about
$4,000. The pieces included are as follows
The vacant ground. 30 by 1872 feet. back OF the
Episcopal Residence. fronting on Central ave-
hue and Eighth street. estimated rs worth
$4,000. hut upon which there is IA mortgage OF
$4,000 70 one Besuden the Cathedral School
properly. corner Mound and Elizabeth streets.
Al by "a feet. covered by Il three-sory
brick school building. worth about $4,000
acquired Nov. II. 1900; the Mount ST. Mary's
Theological Seminary. magnificent stone
edihce. nth five acres OF ground which cost
over $500 COO and is worth that much for its
present uses. but not probably capable Of COM
manding more than 500 900 in the market at
the present trfe. acquired May 30. 1871;
tract Of four and three-fiths acres OF ground
In the rear Of the seminary. worth $1,000: a
tract Of nine and 73-lO0 acres near
the seminary. worth $4,000. acquired May
"A. 1883; the Considine farm. originally Of II
acres. This farm has been leased on per-
netual lease. with a privilege OF purchase at
$1,000 per acre. and 20 acres have been sold AT
thar pri.,. 1t was bequeathrd to the Archbishop
by pWrIck Cousidlne by a will admitted 20 pro-
lut- ~. %. 1873 The GienwAy Land and
Building Association has some sub lense claims
upon 26 acres through which legal comblica-
tons may come. tut II 10 believed that the tract
VIII yield 300 600 any way. The deed also con;
Neys "a lot Oh the northwest corner OF Third aud
Plum streets ls5 10y 1872 feet where 81. Johns
Hospital used Ia b.. acquired by purchase from
this property $500 900 was offered and refused
during III" war. II is now considered worth
on IL. The deed also conveys "a house and lot.
n hy 80 ieet On Broad street. worth s2 OUn in
which u life interest IS held hy its owner, John
CO.emun who. ON Nov. H. 1850 devised II after
hs death to the Archbishop.
brother the title To- three notes for $40 O0O made
ly John Blckru 10 the Archbishop, and secured
~ v .'aEs Ip0i re ~ 1i ''u dn % h
note- about S22, 900. and they are held as col
latcrals by the Lafayette Bank. The properly
l. MT worth the face OF the mortgage by NJ least
$4,000. This morning Father Edward Purcell
Ia turn made an gssiGnmsnt Of eyeIythng
Possessed by lin 10 john B. ManniA OF Mannlx
CusgrHyc. The document OF assignment Is
merely the ordinary legal form. and does not
bpr'iij anything OF the property conveyed. but
is Understood as including all the real estate
already specified and a mass oi notes and sup
posed securities the possible value OF which no
one can M this time form hut n slight idea Of.
AZ u" sam" time. when the Archbshop's deed
PISS lgumeut into the olitr Of the clerk Of the
put on tlr ,.Nrciitai by Arrh6ishop j B Purcell
70 j. l. Hooper. transferring 10 the latter four
lots IN the town OF Glendale. about fourteen
miles from Cincinnati, as security i9r loan oi
$1,000. The instrument WAS dated March g.
II Is aNOwed ~ those proiessedly IN the Arch
bishops cOnillrnce tnut the cred tors Will not
be lett ~ N" slender action d"rivuhls from
the .r.;al assignment. but that everything will
htii br dono 10 devise measures 10 liquidate the
says that he will never feel in any Il gree re-
hrNrd, morally or legally, OF his responsible
Will never crase while he lives 10 struggle for
tho payment Of the last dollar he owes. and only
Then ana not until then, lac says. can he breathe
lrery among the priesthood. A very strong
feeling exists IN favor Of regarding the debt as
Hn oDugat,on iar beyond the reach OF any such
lIo'ess ol rchti NJ an asslEhlnent hngrds, ms
sentiment was well oppressed by Father Gala
nan "a tile course Oi cOuHcfsatlOn To-day ~
would he better Tor the cause OF religion
he sHid, " il every church edihce in tho
diocese was sod 10 pay tho last dollar OF this
debt, and We w"rr wOrsuipping in shauties and
htADles, tlHn that Ons depos tor should suffer
loss gentleman present congratulated
Fatn"r Callahan upon the dignity OF Doctor Of
Divinity recently bestowed upon him by the
Pope. aud he replied: Il am not insensible Of
the honor conferred upon me-. but would pre-
fer being instrumental in lquidating this in
deh.dness 10 receiving al the houors Rome
could confer upou me-" IL y expected here
tIAt Father Callahan VIII shortly be elevated tc
Lr dignity OF u Bishop. probably in the Dioces,
o. Columbus. and consequently this earnest eX-
Ir.ssion Of his feeling in this matter is moi
Etuuut i'm pOrtance.
The Archbishop did not include in the deed
h. S brother the Cathedral episcopal resi-
dence both Of which We're parcels u me mort
gage executed 10 the Bonrd Of Trustees a
security for the bonds which were meyer Issued
Il is held that the land upon which those edl
Il 'cs stand and that which surrounds them wac
purchased by tho Archbishop with the money
deposited with him. as he then had no other re-
SOURCES and that from tho same funds thest
buildings were erected. as was also the Churcl
Of the immaculate on Mount Adams
The aid received by the Archbishop