New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-07-19
PEDDER GIVES UP HIS HOUSE.
A TRANSFER To ARNOLD, CONSTABLE & CO.
ALL HIS PROPERTY INCLUDED IN THE DFKD-MAK-

/ were not given TO the pubic several days ago.
| Charges which involve the honesty Of trusted en-
! poyes of great and honorable house are not made
! in TnE TRIBUNE. no matter how circumstantal the
evidence of their truhfulness until the best proof
obtainable is at hand In this case that
| evidence, when the intelligence of the de-
! falcatIon reached Tue Tribune, was in
| the possession of the members OF the
| finn They. however, in compliance with deter
minaton formed at the outset and since adhered TO
with courteous rigidity, declined to enlighten the
| public on the matter which they lock upon con-
ccrning only themselves and the persons implicated.
| The manner and confessions of Henry &. Pedder,
| when visited Wednesday by a TRIBUNE re-
! porter at his homc strengthened the conviction of
! his conn 'ction with the Irregularities; but still
| stronger confirmation came from the fact, learned
| by TRIBUNE reporter on Thursday, the day after
| Mr. Pedder returned to his home, that
/ all the real and personal property held
! by linn had passed into the hands of Arnold,
| Constable & Co. The deed by which the transfer
was made was executed on Monday; 1t drawn
up in the Office of Williams d Crowley, lawyers, of
| No - Montcomery-st. Jersey City, and ac
| knowledgcd before Washington b. Williams, Master
! III Chancery. on the Same day. On Tuesday 1t was
filed with the Register. Mr. Peddor and his wife
did not see their beautiful home at Lie VelIyn Park,
after their return from Europe until il had passed
! it was III the company of lawyers clerk who
eft to take an inventory of the contents
of the house. The livcryman who drove
Mrs. Pcdder to Ter home waited until IL o'clock at
night at the railway station at Orange.
III PROPERTY MADE OVER TO THE FIRM.
The deed is signed by Henry G. Pedder and
Louisa II. Pedder, his wife, and the grantees
James ". Constable, Richard Arnold, Frederick A.
Constable and Hicks Arnold, partners trading
under the name and firm Of Arnold, Constable *
Co. In consideration of 81 it conveys in fee,
Mrs. Pedder reinquishing all right of dover,
all the property owned by Mr. Pedder
on Eagle Ridge, or First Mountain, in
West Orange. Essex County, NJ J. Several
tracts are Described, but they compose the
homestead which Mr. Pedder has beautiGcd
aud now calls Glenmont. and piece of property
some distance to the northeast, which he purchased
IN two parcels from David f. Gre II, in June, 1851,
aud January, 1s>i. TINS property surrounds on
three sides the small site in the Park owned by the
artist Berstadt. In It's improved condition the
property IL valued at 100000. Mr.. Pedder bought
Gcnmont on January -, 1879 from James NJ
Ward The tract was comparatively unimpIoved,
and the consideration $500 for the
1O47 acres On June 2, 1ssl, he bought
81 acres adjoining, for S6,14O aud in
co.oprration with Egbert Starr. who owns
the adjoining site laid out some carriage roals
and began the Improvement Of his property by call
ing to his aid tn. b'st skill IN landscape garden
ing On Janulry 3 of this year no bought for
investment from DAVID T.. q ec1 three a lditiOnal
tracts winch together make 1913 acres. For this
he gave 81 1000. paying one-half cash and giving
a amortgage for the remainder. Mr.. Green also
holds mortgage for 5000 on the smaller tract
incorporated with Glcnmont, and he visited the
Registers Office in Newark on Thursday
fnI,I &
Co. had lSsiinod the two mor'gItes. II, found
this not to he the casc--a fact which, in the alb
sence OF accur ite information on The point, Is sig
nlicant of tie amount OF Mr.. Pedders Inde/ ed
ness 10 the irm. In its unImprOvcl form Mr.. Ped
der paid go $40 for the rcal estate which on Mon
dav he conveyed to Arnold, Constable y Co., for
one d djlar-whirh in this instance wa, NO. aSso-
cated in the deed with the usual "jo'e ana aiec-
tion."
TWO VISITS TO Mr.. rEDDER.
An hour or so after Mr. Pedder reached Llcwellyn
Park on Wednesday afternoon, IRiBCNE reporter,
having found his way through the
sylvan labyrinth of the park. rang his
door-bell Mr.. Peddcr was at dinner but in
few moments was with the repoc or In tIe In u Ious
reception room aud had COur,eOusy asked the busi-
ness of his visitor. He is man of rather small
stature, the reverse Of robust in frame. with sharp
features showing marks of refined taste, thin but
long and silky sidewhiskers Of dark color. almost
black and a courteous bearing lie was informed
that the reporters mission was search for infor-
nation touching the irregularities at -r"od, Con-
stable Il Co'sP
:" In what respecti' ho asked; lie was
told that 1t was the reporters wish that the con
yersation might cover the whole subject but hO
was indisposed TO say anything until the re-
porter recitod the story inculpatlng Herbert
seymour To this he assented, saying In extremely
few words that the statement was generally correct
but that the amount was exaggerated. He added
that he did not know where Mr. Seymour was, and
volunteered the information that the frauds had
been discovered whe lie, Mr. Pedder, was in Eu-
rope. and consequently he was not fully informed
concerning them lie apoodzcd frequently, and
asserted his desire not TO seem discOurte0us, hut
was unwilling to talk on the subject. After he
had concluded all lao h1d to say about Ar.
seymour, he called out of tue room.
When he returned the reporter approached
,hc other branch OF the ,Rse Naturally,
he conversation now grew somewhat constrained.
llr fcdd'rs lnanurr was extremely nervous.
Twice hr answered, IN reply 10 direct question,
that MS relation, " th the firm were tine same rs
they had been hitherto. Being told that the story
was current that he himself was under arrest, lie
denied it promptly, bat without surprise or We
hemcnce. Al the conclusion ot the interview he
directed the eporter 10 shurtcr road ont of the
park than that travers"d IN coming but did not
cross the threshold, ana as the reporter stopped
from the porch TO the walk he heard the clicking OF
bolts and knew that the door locked.
On Thursday when a tribune reporter called
On Mr.. Pedder he was treated with courtesy,
of the partners OF Arnold, Constable ~ Co.. to the
effect that neither the firm nor MIR. Pedder would
say anything on the subject Of inquiry. lhis
his ultimatum.
Statements compon on the tongues of the dry
goods merchants of the city put the indebtedness
of Mr. PeddcT 10 Arnold Constable & Co. at from
800 900 10 100000. He was III receipt of a sal
AIRY from the firm which the best evidence places at
$50 900 year. His entertainments not nu-
merOus but were elegant and costly in the extreme.
For several years before he built his beautiful
house he lived modestly III Vest Orange.
MR. PEDDER's BUSINESS NE rmoDs
Mr.. Pedder is by birth Englishman, and was
educated for the ministry of the Church Of Eng
land While young man, however he relinquished
that intention, and coming TO this country entered
the firm of Arnold Constable IL Co. In 1866 His
L. ctnLul Ir1r.