, 1880-07-29
JOHN M0RR1SSEY'S ESTATE.
Valued Mt Only n Fraction OF Its Late
ONncr'~ I:~tlInntc-Not Likely 10 Yield
' Anything for Mrs. H1orrisScy md the
Other LeEMtecN.

Valued Mt Only Fraction OF Its Lnte
OWncr'H I:xtllnntc-Not Likely to Yield
Anything for Mts. N1orrisScy md tho
Other LegMtecH.
Ntlp Turk Sun, Ja1v2:. -
When John Alorrissey died, In May, 1873,
1t WIS the opinion Of his Intimate friends, 1t
Is said, tllat his estate would yield $l500O0
lie held this opinion, 1t Is also aid,-ratlng
his share in the Saratoga clubhouse and
race-courso property ut large figure, That
he Ind d high estimate Of the value of Ills
various properties at the timu Of Ills death IL
shown by the terms of his will. liz be-
quenthed, aftur the payment Of his lawful
debts, which lle knew were considerable,
$4,000 10 cuch Of Ills three sisters, and
the residue of his cstute to Ills wife.
Mrs. SllsAl,nah MorrisSey. 1Httgrs of ad-
nintstratl0n wcrn granted Oil May IL, 1875, to
liis t&cGut1!s, William Il. Trxvers. Of this
city, ai,d ESwar4 ;!,,lp Murphy, sF.1 then Mayor
creditors OF the estate to coupe! MI account
ing, but leave wis granted to the executors
to make voluntary nccOuMtlns. They filed
their account ln tha Office Of Surrogate Elias
IL: Peters, of Saratoga County, OIL the lstl,
Lawyer John McCrone, counsel for Cas-
well ta 1lnznrtl,. .KOburt NJ. Taylor, Union
Albums, Ct!sslu* r. Reed, II. Tl,all,lpss!,ger,
a!ay. Of II this sty, at Aa Wr. {. L. aGma! aFait,
of Saratoga,. creditors of tho estato,,
and objectors of record to the account
Of ths executors, sail yesterdny: "Thc
tntal amount oil hand to pay claims penling
Sl4, ,75o.4 ~, and snts furth the slim of tho ont.
staliang indebtedness, ur ut hast of tho
GlAIlns against the estate tleentt payable,
SSi'GE.1R This figuring, ct course. ,xiyss
de1d, leaving Mrs. Mnrrssey aild Senator
Morrlssey's sisters entirely out af the qucs-
ton. Objection was MAIZE to tho neeo,int,
alH! Wy Mere given until to..lay, to ilu opr:
directed tic Executors to nppGIr III Ills Court
tor examination IN regard to the objections
on Sept. y: dur objections were filed IN Sur
rngase re reteTs of1!co . ta-day by my associate,
"Thers are r. twei,ty:two objections, eyerrlnc
specifically that the executors do hot charge
themselves III tho nccount with sums which
9f properly ,p part of t'is assets at tho estate
erciseA ln dealing with those ngal1lst whom
Senator MorrissHy held clntlns ut tho 1nle OF
li!s tlcath, Including Mcssrs. Spencer y iserd,
e1bao u ihis siy speeiIa % I ebeeson sGnIs i
nlattu 10 tho sale Of tito 1MtrtlersiIIp property
IN tic club l.ousu III Saratoga, In Mny lnsf,
for only St,S7.A. Particular, Objection Il
TrI,ice i 20, stock brokers' u Tits city, a. ~
tho principal alHl Interest Of debt COLI
tractMl by senator M0rrissey and secured by
the hypothecatipn Of 11a sl'ares OF Tit, stock
fur shares u tle stock Of tho New York
CentrA! S!Geping-Car Cumpul,y. This stock
VA Mas sold, according to the 4eylrnt, for ssi,-
ooor ani tllo ,, clalM Of ]. D. Fringe y GO. WIS
| point Tint It was illegal for tho Executors to
allow Prince u Co. " sell these securities
aud lmY themselves. The proceeds, t1.cy aver,
should liasv been Included TIT tic ftssets OF
the cstAte ana await tic general distribution,
granted. Further nyerncnt Is i,la,le tllat AIr
Travers y partner III tl,e house Of J.. d.
Prince Il Co., nl,tl that thu statute from which
does not allow tic payml0nt Ut Mlonuy for lis
own account, except In manner prescribed,
which. It Ii alleged, WIS not complied wifi
In thls instance The broad ayertslunt ts
made that the executors have nut properly
managed tho affairs OF tic estate in general,
aud nre cl1Argoulle with various nets OF
omission anl negligence whereby ,lsnl,ey l,as
been lost to thu estate: ln con!1ection With
eIans ga a totns Shs up io ayefr,l r. stisi Sy
tho obtcctors tl.at II number IT theso claims
nre not lawful llcls upon tue estate. and
should ba attacked legally BY tho executors.
amounting to upward Ut Si9, ,@6, arising froil,
| sales Of property, principally In Saratoga,
lnortgaged by Senator ALorrssey.. Il,suf,
iieent Interest was taken III tl!osg sales, it is
estate. Claims for fully S4,Uoo more arc
alleged tu lave no 1eg.l bnsis.
"ln tane, II Is claimed tlat ther0 are not, In
tho Wow vi the UbiuctOrS, more tlun So 0Dg
worth ot Legitimate clainls nglinst tho esinte
outstanding, a.Id that 4 tho executors had
[ used duo diligence, us. they WGro. ruttulrGtl
to 10 BY law, llley would undoubtedly iiayu
been able to show IL. their account tho col
lection OF q sum ontilxly sufficient to meet
every Just elalln. Or, ut least, to ,pAy the law
ful creditors y satisfactory. dividend. thougi,
lIathing WIS loft for Mrs. Morrisxuy or So,li..
tUr Morrissoy's sisters, The nbjectnra Nre, ot
course, gentlemen, who do nut wish to ,al,:
pear t1 tlesiru to create any prejudice against
Thu objections nre 4lntle to sccuro what tlloy
rbE.Iltl w their leBnl rights, ulll the executors
will bo NccDrllel MI uMpp opportunity ia
nuke their answers to the objections OF rcc.
oru+"