New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-27
OVER HALF A MILLION SUNK.
Confined from First Pam.

stead Association the bulk of the real estate transact
s lions In IN which S ne was interested were
house that is looked upon as rather elegant.
though Its cost was probably not more than SIS 600
on the summit OF the range OF high hills that over
look the Passaic River and the town of Woodside
The house hasa neat and pretty exterior of modified
Gothic architecture, but there are few indications
in the interior of wealth extravaganza 1t stands
all alone in GraDd-ave., and all sides extend
great stretches of the unmproved land he'd by him.
self and the Arlington Homestead Association.
This association was in existence before Mr..
Crowell went to Arlington to live, though he was o
leading spirit in ii from the start It's plan of opera
ton TO build nouses chiefly dwellings upon the
uninproved land on which it had placed an original
Investment Of about 100000, and to sell
houses and lots to persons wishing coun.
try homes, on the installment Plan In this
manner tine association built seventeen houses
and with seven or eight pieces OF dwelling,
store and factory property held personally By
MT. tTowcl the northern portion of the town. I'D the
ylelnity OF Mtdlandave: and the track OF the New
enhanced in value Mr.. CrowelI acquired the repu-
tatIon OF being solid citizen and a man OF great
wealth ana active public spirit. About year and
ahat ago an old factory used for the making of toy
watches which belonged to him was burned to the
ground; He rebuilt it and added to his reputation
as g gubllc-spinIed citizen Presbyteran church
which was building received q gift OF money al
though no did not belong to the congrega-
ton and it became natural to identity him
His manners have been very quiet and
his mole of life has been modest. His four children
live with him. He has been repeatedly
man of the Town Committee and others,
to become committeeman, bu always resOlutely
declined. He remained president of the Homestead
Association, though it was TeOrganzed a few
months ago, and in his schedules his total holding
Of stock in the assoc.sti9 on is given at tive
praised value OF $50 shar each
The news Of Mr.. CroweiPs sickness be-
came known short Time before the filing Of
the assignment, which was on the 10Th of
February. Since then he has not been seen In the
reefs, and some Of Lis creditors who
went to Arlington have been confronted,
~ fHE TRIBUNE reporter last night, with the
statement that he was TOO Ill to be seen. The re-
ports about town have brought HIM at times to
very low state, and it has been said that his
life was at tunes desp ,ired Of
STATEMENT OF A FRIEND OF Mr.. cRowELL.
A friend of Mr.. Crowell said yesterday
that he believed that Mr.. Crowell
was a man who never talked about his business
affairs, and that consequently bis own family was
still in ignorance as to the extent of the failure.
The EmDire Mining Company had been complete
failure from the start. and though work had been
carried on for two or three years in the hope OF
indll finding paying ore none had yet been struck.
lie thought that number of the original projectors
of the miEe had abandoned it aud left 10 ON
hands OF Mr. Crowel, who had guaranteed it
against assessment, aud then been obliged to
advance capital not only for his own holdings but
advanced in this manner at $25O,00O
and said that great many OF the
absolutely worthless mining stocks listed IN
the schedule OF assets bad been taken, probably, as
eoilaterals. Dir. CrOweh holds claims,
chiefly notes against brokers, aggrepating
$I50,00o the actual value of which does not exceed
$4,000 The mine had practically been left on Dir.
CTOwelPs hands, and he bad made
himself and family, penniless by continuing
after the shaft had been sunk to the 300
foot level and nothing had been taken out.
lie did not believe that Mr.. Crowell had lost the
money which he borrowed from his frieuos,
and the the trust funds Of the raman estate,
over which he had compete control under power OF
atSrg5ry II speGua6g La IN wal street P 46s
hoe in the ground out in Summit County, Utah.
I he NINE itself is worthless, but the
machinery aud other personal property are
valued at 100000 ami 60 secured this for the cred
it0rs. Mr.. Parker, the assignee Will start Tor Utah
on Wednesday. He SAID further that he understood
that ali the claims agains; the mining company DO
not exceed f37 600 aud S2s 900 OF this sum is held
by Sir Crowell. Its shares nave never been put on
the marker.
Meetings have been held between the principal
creditors of Mr. Crowell and the assgnees and II 10
said tdat no legal proceedings VIII be begun except
those necessary 10 the rights Vt the creditors
70 the assets that have value AZ Is sald too, mat
Mr. Cr0wel clams that the owners
OF the ralman estate were stockholders IN
the Empire Mining Company and attended
meetings of the company but 1t IS not stated that
they aware that all of the trust funds had
been sunk In the mine.
MR.. CROwELL's ASSIGNMENT.
The assignment of Mr. Croweu, which was filed
in Hudson County, n. JY on February II.
contains complete inventory of his prop
erty in the town of Kearney, Hudson
County. Ii consists OF eighteen parcels the value
OF winch Is put at $95 100. The mouse ana lot at
No. 3l2 est Fftytnirust., this city, are put down
at $4,000, and a OLe-haI interest III eighty
to be worth $500. A long list OF claims
follows. consisting OF notes, etc. There
are thirty clans amounting 10 $40, 464 %. A
large number OF mining STOCKS Is gwen next the
value of which is merely uOm nal. Household furnl-
ture, wagons, harness, ETC.. estimated 500,
aud five snares of stock IN the Arlington Homestead
Association at $3.50. The liabilities incude bonds
amounting to $4s, 800. notes or S94O12 81, mclnd-
ing 10 HI. A. Won Praag for @5OO3Z AZ. The
her liabilities including lhe large sums mentioned
abO We, amount to $3.50, 900 30.