New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-04-27
LEGAL ELLIS AGAINST THE OPEN BOARD

An article in yesterdays TRIBUNE in regard Ia
the closing mp OF the affairs of the Open Board OF
Brokers' Association showed that the lawyers bills
already accrued in settling up property OF Sl0O'OOU
had amounted. according 10 theI estimates o teit
own services, to about SbO,OOO without lnclhdlhy
the ices of the receiver his counsel and two rel
crees and tho expenses Of future litigation. IL
was stated that anon. Oth'r Chains oi lawyers M
lldrris asked about SZ1OOO, MI. uiIertoIt
81 1000 aud Mr.. Bell 5000 Yesterday Mr. BELL
sent tho following letter to INK TRIBUNE:
Your informant errs IN ms allegation thas !
have presented Il bill or claim tor ~ 900 or any
sum whatever against the Open Board OF Stock
Brokers Assoc ation. My labors rs one of the prn
cusl counsel arc not ended; when they do II viii
be time enough to state through your valuable
journal the amount claim for my long arduous
and successful services rendered 10 the Executive
and Law Committees of the old Board, and ono
hundred and tive y-tve gentlemen OF the PRESENT
roll of membership whose interests also nave the
honor To represent In reference 10 tie claim OF ex-
Judge Fullerton. might justly say that IL - leSs
than the sum named that his professional serN Ioea
extended over long period anterior To the dlsso-
luton OF both the binding Company anu the open
Board and the character OF his services was I'M
nortaut and valuable To all Interested shond
also state that the present receiver. Mr. Ransom
administering his trust with the greatest hdeIiy
ami economy Considering the large anu complex
interests involved, | know vi nothing on his part
which should even invite much less be male tne
subject Of unfair criticism. IL is the ann oil Ino
majority IN interest which l represent 10 "'o'u ny
ipatlon If possible and hasten a settlemeht Oh All
conflicting interests. and believe IN so uo.ng We
shall have the support and active coupe "a
the recover and thus satisfy the most imp".'en';
aud ID due time please everyone who IS ih'eres'ea
in the resuit OF our work -, ,,,,.
The informant of rHE TRIBUNE as to the sinouns
that Nh Bell asked was Mr. Ransom, the reoelSet.
He said that Mr. Bell recently came TO MS onlco
with several of his clients. members oil lhe open
Hoard and that they were disposed to be seVetey
critical of the slowncSs with which the matters
weIe being closed up. Mr.. Ransom called Their Az
tenton TO tho enormous lawyers bills thai htu
been presented ana told them that 90 far AZ 10
ooud as receiver, he should oppose the payment oi
any such sums Then addressing the Visltlns
LAWYER Mr. Ransom said We already have blIs
amounting to about $4,000. Mr.. Bell hasn't sen,
in his vet How much is your bill MI Bell anu
Mir Bell answered IL is 81 800" Mr. Ransom
said that MIR BclPs clients seemed taken aD"ek %
this aud they evidently had Il better apPreci.tio1n
of his position in opposing the other eg,l ~ 80
Mr. Bel is correct in saying III his letter thst 10 az
not vet presented hid bill bat INK lRib,, W Rali
correct also in saying yesterday that MI
asked ST 800. ,,,, Fnl.
Tie authority for the amount OF eN-J mSSSvl,nI
lerton's bill was the receiver, keIcsoo I'""v
and one OF the trustees of the Binding -
Que of them said that MIR. Fullerton ~ nnn
81 900; another said it was about 'G' a.
ana the other one said 10 WAS niue uS' 80
Si5 600" The last statement appears u INV
been most correct