The New York herald., 1879-03-02

LAIs-wILL THE CHURCH PROPERTIES STAND
ING IN HIS NAME BE SOLD TO PAY CREDITORS?
[DY TELEGRAPH TO THE HERALD
CINCINNATI. March /, 1879
Archbishop Purcel's financial troubles continue
to be the talk of the city, not only in religious
circles both Protestant and Catholic but among the
bankers and business men, all or nearly all sympa
thzing with him that such great blow
should fall upon a man of his advanced years, and
whose absolute ignorance OF all the rules of business
render him object of pity. To-day four five
suits filed in the Superior Court against him for
money loaned him. One OF these suits by An
drew Hageman for 33.3s5 loaned him the I'D of
December, or about the time it first began to be
whispered that his affairs would likely be involved in
the failure of Herman & Co. Another suit
tered against him for $4,000 by Henry Hcmelgorn.
of the friends who most anxious few
weeks, ago to have him put his affairs in
the hands of trustees for settlement. The
filing of these suits will undoubtedly drive him into
making assignment and the liability OF the
Church property, vested in his name. for the pay
ment these debts will be the first thing to
settle The belief is pretty general now that the
courts of this State Will decide that church property
cannot be sold to pay these debts.
DEBTS LIKELY TO REACH SIX MILLION DOLLARS.
The trustees. who were appointed some six weeks
ago to settle up the matter. have about $S0O0O0 OF
property in their hands aside from the realty on
which the churches stand but up to this time have
done nothing toward diSposng of any of it. Their
work thus far has been to take account Of
all claims as they were presented, with a
view to ascertaining THE the actual amount
of his Indebtedness. This indebtedness has
continued to swell until it reaches $5.O0J.ooo.
and the 1Je.d Post German paper Catholic organ) of
to-day SAYS that it will be So 900 900 before the Claims
all n The entering of suits only end in
dsplacing this Board OF Trustees and in the appoint
inent OF assgnees under the State law to settle up
the estate.
THE LOTTERY PROJECT.
The proposition to establish a lottery to hold
drawings at frequent Intervals ard devote the profits
to the payment of the debt does not meet with
much favor. The HERALD correspondent has talked
with large number OF the state Legislature to
ascertain II there was any probability of such bill
becoming law. The of these law
makers without single exception, was "No;' that
any bill looking toward establishing lottery in
the State could stand chance OF passage by them.
To add to this improbability protest has been
prepared by meeting OF the Evaneeli-
cal Ministers Association Protestant), peti-
tioning the Legislature against any evasion
of the constitutional article against lotteries.
tomorrow be signed numerously in the churches.
and if there had over been any probability of such
grant being made the opposition to 1t would be
decided that the Legislature could not afford to dis
regard it.
CHANCES IN NEIGHBoR1NG STATES.
In Indiana they also have q constitutional provis-
ion against oter. .s and there would be chance to
evade it there. The only way they possibly get
up the proposed scheme would be by getting one of
the kentucky grants and operating it the
river. This is not regarded with much favor by the
clergy. The Archbishop himself is not in the city
at present He went out to the Seminary few miles
OF the city day before yesterday, intending to
remain in retirement through the lenten season.
LoosEsT KIND OF BOOKKEEPING.
Father Edward Purcell. his brother, ON whose
shoulders most of the blame for the financial mis-
management rests remains here and gives what in
formation he to the trustees, but stl it
is OF little actual value to them. What few
accounts kept of their enormous transactions
are so loose and careless to be almost worthless
in making up the sum total of the indebtedness.
Millions OF dollars have been received without an
account to show where the money came from or
where il went.