New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-08
GENERAL CUTTINGS ENLARGEMENT.
TALK ABOUT THE CHARGES AGAINST HIM.
HAS HE LOST HEAVILY IN WALL sTREET|-No ONE
| KNOWS HOW HIS ACCOUNTS STAND.

HAS HE LOST HEAVILY IN WALL SlhEbi ~" "'H
KNOWS HOW Ills ACCOUNTS STAND
The suit of Mrs. Lydia S. Cutting, wherein
she seeks TO obtain accounting from Generai "ila
Cutting relative his management OF the estate OF us
fatnerFra b. Cutting caused much talk in sOcisl
and financial circles yesterday because OF Geherai
Cuttings prominent position in the social world ana the
wealth which he was supposed to possess The interest
I'm the matter has risen from discussion as TO now
much remains to General Cutting OF his one'third III
terest the - 100000 left him in 1870 as well us ron
speculation the precise causes Leading 10 rs'
Cuttings actions.
General Cuttings financial condition was fully discussed
Yesterday by members OF the Stock Exchange, larticu
ary by members OF those firms with which no Is sd 10
have dealt Three Of these firms are Lee WARREN Vi
No. 10 william St; John Benjamin ~ Co.. OF NO AZ
ST.. aud John G. IIeckshcr Co., OF NO os EA
chaGgc-place For several months there nave Deeh
rrnors in Wall street that General Cutting was losing
heavily in stock transactions 1t was supposed now
cver that in view his large fortune his resources could
not be seriously impaired 1t OILY the three OF four
firms with which he dealt that had any real knowledge o
the extent OF his transactions or OF the amount OIL h9
losses There was thing that was known, however
because It attracted the attention or General Culhe
nitrate Wall street friends And THIS was that NC
ceased to frequent his old haunts at Lee Warrens
IIccksLer & Co. = and Benjamin * Co.'S. Then the III
formation crept abroad lie suffering from deep
ref over the death OF his mother, which occurred last
spring. Indeed, went 50 far as TO attribute con
Gition OF neahchoa to him. few trends OF DIS III 'ho
street talked OF this and beleyedlt one OF them s"u
yesterday that General Cutting shlt himself up ID His
house in Twenty third-st, and could only WIN "I
Guilty De nuccd to leave it, lie was at length pof'uadc|
to 90 10 Saratoga whence he speedily returned.
statements vary az TO whether financial losses rs wen
as the death Of his mother weighed upon "ehe'a
Cuttings mind Lee & Warren say that thclr pooAs
show that he has lost little if any with them Joh IT,
Techer said the thing yesterday, and stated that
for himself he could where General cutting au
Lat the amount supposed to have been sacrificed II
WIS stated dcfuitcly however. by one OF General
CUTTINGS financial associates that ne has lost heaNly
within year In hs Wall street operations Ayear ago
he s 500 900 ahead the books Of one hIin Whcre
now there IS no more than balance OF accounts ever II
IA, d. not indebted to him. Probably General cutting
hiuscf does not know hOw stands; that can DC leter
mined only BY an IN c-tgdtIOn or his ACCOUNTS tch - Is
heinz made by hi5 lawyers Burrll Zabgskie BurrI4i.
~ 80 tbr outlines .,l yc4tarla We cannot say
yCt precisely how William cutting Stahur III tuI7 Lci
En II i. supposed that he nas lost eli hi- own IOtuue
1tlou h probably there is no infringement on the estate
Co. tEc other heirs az his father 0 Whlc h' y cN.Suvl.
clnat say that there Is anything IN the story tna Ae
na- been SUFFERING nom mclancho!.a or has .ecIWiet
himself lie gt Saratoga tL's su"iitr We s|i'.l |
have TO wait for the uyesgati'n7 9i tho lawyers o'oo
ANYTHING definite can bc determined. 49,, ,,ut,, ,,,,
fuc absence OF General Cutting lrolh tho uh9h ,uD;;
where hc hal been irciUent visitor vas l,9 & g.,
AZ rIr same tue that he discontinued LIS Nslts unW
town or late. however he has been seen 0'sa'"Hauy @
m tie reig3orADod Of Wall street a. we'll rs al inc
WIca Wrs Cutting returned from Paris on Angust t9
aftr- having fucd 10 obtain her uHAi eIoIIla VII u
John Mulro9 Co.. for me months oi AIIIl 'T @ IN
Jnty AID after herdri had been Gon2I2ffa ,tr
General Cuttings au"-ei hC-i c. 70 ',,tn ''i, o.l
Il. tDo executor of the Cutting estate, shc cnSa-rt
Franklin Bartlett t. brsin IrpcrrullIs ues'.'IIue ,
accounting Ot the estate Mrr 'utt'A- CAM 10 ' 'o %
casal mat there va need ot promrt Igu39' fg
lrari that tho interest 81 h Two Ms Uriff at
u.uer the existing s8'c ot hlAr'' NJ ,t
once sought an accounting entering o. tho matter INC
oH ua'l within short tinc Tue appIcliIo, nas '.,; ,
.,a.r Tor M order restraining General Cni'hs lr"m
ono N them said yc.icrlav: II you can hn'! any ~
Gcaou any preparations ot Al a,couA''u' y"u w..
at NO - raNcr-s. where his place oi b-IHc's Is at
c,rlu, 10 the directory. ypu viii he fortunate. Per,
"i' " yr,. ,ynIL uk, 10 g,t IL. As ior the EOu,cs
turou.n which General Cutting has tt'l "leT'Ht- =,
has -cd trust funds IN these trSnHlcuoushoh-cs 'aAhs
those with knowledge are responsible III tue lt',l
ed.c that General Cutting WAS using trust funds oil the
''IS Y"n win have to wait and That is question to
be dccIcd vet We have believe that General
eating Ia, lost large sums IL n.,.," van tnr sr
ccn It "mogtGd VT co. TO- P,, SdioS sG2YJ12 Ey
was sold Tor $4,000. There Ms he'er pcen
any accounting on that ana -, We r,t WISH su,, "
member of one af the said that all ,ecur:
ties and bonds Of the estate were intact III '1o 's''
GGcr l. Cutting Ir. who is special pag;nrr IN the
arm Of Ice a. Warren. declared emphauca.y !",t h-hl
! that he had Information To Etc' ~ G,N M"r
| n. who II +, ALLEGED, sent 10 Mr.. CNtiW-
tp te ram from Sarltoca on september II rcgN"h;
! thc lsagrrpabo rumurs, saying that Els laIAeE I"
himself mad scheme TO propose 10 srn S''''J IN
| matters Mrs. Cutting remained Hrh III
! NE determination to insist on an 9yCothI'in5;;
| A. one explanation OF General GGNhEs aIrSSu
neglect ia attending Mrs Cuttings drafts ana efforts
10 recue the money FOR her expenses III PaIls IIyh
of General Cuttings SAID: "On inquiry II YVES a2unu
that an the letters this and otucr lidtt'rs WHEN
! had been sent 10 General CutuuS & &MtIe
LETT unopened by hm lie seemed TO hayo lost al inter
rs iu bsuess months after MS mothers H'aI tu
10 have fallen into state OF utter IN liercuee M
wnu seem To account for his neglect 10 attend 70 the