The sun. [volume] (New York [N.Y.]) 1833-1916, 1883-03-18
THE TRUST FUNDS MISSING.
ABOUT S2e5,OOO SAID TO HAVE BEEN
WRONGFULLY APPROPRIA TED.
Dtartllne Disclosures Made ~ . Partial Exs
animation into the A9Airs Of the Late
Judge james w. Taylor Of Newbaruh.

Startiiss Disclosures Made ~ . Partial Ex.
animation into the Affairs or the Late
JuAge james w. Taylor Of Newburuh.
NEwBURaH, March 17.-For several days
past tho city has boon filled with rumors af-
fecting the integrity Of the trust funds left IN
charge Of the late Judge James w. Taylor. and
that an examination OF the accounts Of the dc.
ceased ex-Judge disclosed q startling condition
OF affairs. Inquiries show that there 10 only
too much foundation for those rumors.
The Hon. NJ. H. Hirschberg. who IL closing up
the estate. has been delivering to individuals
and representatives Of estates boxes Of securi.
ties which had been left by them with Judge,
Taylor. and 1t is alleged that from almost all
OF these boxes securities are missing. Nothing
definite as to the amount Of the deficit can b
known until after full examination but II ID
estimated that 1t will not fall much short Of
s225. 900. and may exceed that sum. Judge
Taylor was executor to the Philip YER
plank estate. which originally amounted To-
q quarter Of . million. Legacies aggre-
eating 100000 were paid by him and
the basnce was IL p his Ms hands "a trustee for the
legged that only about s55 900 remains. makine
q deficiency Of nearly $4,000. 1t Is also Al
ns Gil &c s
eral thousands. TO. yernol Of this city and
No doubt part Of the losses Is Justly charges
which the Judge had loaned money but many
Instances have come to light which 60 to shoy
se Which had besn left tRee 5aas
for COLLECTION have In many instances been
GGas sa ss aad rsurnnx ss
principal thus received to the client or estatS
for, whom it was invested. It had been retained
sasee. In this way The iosners the money
were led to believe that their seeuYlty and prin.
istence. n Is said that every trust thus .is1
investigated has suffered in this way. It ha9
81 wern rear esse "a
been made for clients. had been bought IN n
IN n Rs nsa Ct Of Tx a e ss esse s f1a n
concern; orssnIzsd ana controlled ~ tSs Jude:
arg b asa Ssni$ ass ss'se
foreclosure sale. 1t is thought that Judge
po was TO hold S ans uh the Ssps
Should Be an nppreeiaton in It's value. and then
money he had invested therein. This spprsci-
pany's title deeds have not been transferred to
the loaner T, OF the money the latter will lose
rsySr n " sns ssa be
said to have left comparatively little property.
Much sympathy is felt for Mrs. Taylor. who, it
IL said. will have only the residence on Grand
on her husbands life. amounting to about &c.,
GOO. What Judge Taylor did with the money e
was taken to tide over bad Investments in tho
hope that affairs might ia 10 a favorable turn and
enable him to make the deficiencies good.
Judge Hirschberg, who is settling the estate
as Mrs. Taylor's representative said this
IN ho IS es To
s they p peos Sr u an@ H s
lie knows about It.
ts SF s Il hs sS pHs dn%s SsS %
uary. 1855 from Goshen. near which place he
was born he was man OF strong opinions
When he rs eSme ne freely
tho Office of the late VIM. 9. Hasbrouck. with
whom he continued in business. much Of tho
snoser syos u Hnaf di.;
In November. 1870. Judge Taylor succeeded
to the business. and has since been the custo-
others. which no has Invested in mort.
Was faYf County
ef h Ne
place. and continued in that oflieo elk COM
s s,' years He was Presidential
President Lincoln. He was President OF
the Union League OF Neyburgh. and one Of
Of FINANCE. Incorporated by Congress- in 1876,
washiington''s Headquarters in this city. and
Cs the of SnS snf s sd
one OF the Vice Pres dsnts Of tho National Re.
form Association and President OF tho Orange
tho Board Of Trustees OF tho First Presbyteriau
and in which he was also an elder.