New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-04
THE MAPLESOY GUARANrEE FUND
NO ACTION BY THE DIRECTORS AS SUCH.

TIE MONEY TO BE- PAID WITHOUT DAY-MR
MAPLgsON LEAVES THE CITY.
In response to Mr.. MapleSOn's letter, referred
40 in yesterdays TRIBUNE, Augustus l. Brown president
Of tue Board OF Directors of the Academy OF Music
sailed a sp cal meeting of the Executive Committee for
an NJ Yesterday BY 4:30 only four members OF this
committee had entered Clarence A Stewards Office Be
sides Messrs Brown and Seward there were r. l. Cutting
lrs and Herman r. lie Roy. After the transaction OF
,c.ue routine business Mr. Brown readSIr Maple-ons
letter in which the manager asked the directors they
woud steps to relieve his property rom
the attachment Mr.. Brown explained that they could
oot a directors OF the Academy act III the premises lhe
guarantees the proper people for Nj Mapes"n to
apply TO- and IL he TO do there was no reasonable
Doubt that they would pay their respective shares or Ae
guarantee fund. There was good deal OF informal con-
yer.atIon in the OF which the frendest feeling
for Mr. Mapleson was expressed. and the meeting adj
,ournedcwithont any action being taken. One.of the
directors said afterward:
There was really nothing for TO do. We directors
have absolutely connection with this guarantee iuid
Though as private individuals some OF our, names arc
signed it, The affair very much to be regretted ana
cond think. have been avoided At any rate II could
have been kept quiet There Is no doubt that te money
viii be paid. but . the guar;'ntors nave not pen
bank TO prove the inability OF the principal to pay by
securing Judgment and execution before coming oo%n on
the guarantors guarantee Is not IKE pI9nlsods s
note which both the drawer and ndorer may be sed
separaely or together. The bank has taken the only
course proper it under the circumstances for II must
not forgotten that some OF the gfan"s nlsht nave
oh
WINGED OF MaplesOn's inability 10 gay himself As
said no gevor all regret deeply. not so nch Tor
the money but account OF the publicity IL has IN
yoyed There is doubt ia fmy mind mat alh season
has definitely proved that two operas cannot i've sac by
side ia NewYm There Is scarcely room Tor one Tor
arstically and socially italian opera seems 10
have lost hold the public and yet singers ask hgnc
salaries every year. Malibrsn got what was then called
the enormous Of $4,000 for forty performance
Patti GOT 100000 this year for the same h,iIiJer
Another prominent director sad;
think Mapleson has not been very well treated. Ii
the directors had Guaranteed this silm II SOmd have
been paid instantly. aud but those who paid ami
the bank people EwOuld been the wiser One reason
why matters were allowed Ia proceed 10 tins extreme
length has not yet. believe, been mcutiOnd Mr. Gle
wrote 10 one directors last year stating that ne had
elam Oh MaplesOns property. Ihe directors assumed
ne respon ability OF THIS until MapicsOn arrived As
s,on A. he heard IL said that eye had shadow OF
legal claim This thought well 10 test ana the
result proved that 9faplesOn correct can also
tell yDa tins. The money VIII be PAID on Monday
VIII there De a salel
Well that Is pretty direct question however
don't think there viii he.
Mr. MaIlesGn sauntered out OF tho Academy about T.
apparently In the best vi spirits. The stage door
keeper told all nquirers that lac would be back in the
Of the afternoon. little before three O'Clock,
however Mr.. Aaples0n stepped into cab outside tho
New York Hotel aud afterWard crossed 10 Jersey CITY,
xhere he took Pennsylvania Railroad train he left
word at the hBoi where lac had gone bat simply
laid he would return Monday.