New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-01-15
cCNERAL CUTTINGS TRUST.
,vvv,NcEs AMOUNTING TO 100000.
,vs EXECUTOR GIVES MORTGAGE TO TRUST
HI" coupANY-THE ACCOUNTING TO GO ON.
,I:oo+ which Mrs. Lydia Cutting sought


.,,, yxrCuToR GIVES MORTGAGE 10 TRUST
TIE no,,p.NY-THE ACCOUNTING TO GO on.
r,,o oh;ect which Mrs. Lydia Cutting sought
instituted legal proceedings for the removal OF
when sr,,a Cutng on tho executor OF the estate OF
1e"' n Cutting her deceased husbands father, TO
n.r interest and that Of her two children IN the
w. . vas essentially accomplished yesterday. Cen
~ cutting formally conveyed all his right, title ana
era IN the estate left by his father to the Farmers
"sr and Trust Company, IN trust 10 secure 10 MIS-
L0a ..,", the payment of all moneys due her ana
Jus ruaren from General Cutting as executor ana
No, ,Inav The entire amount of the conveyances Is
ma q, ho at least 81 100000 General Cutting mas al
rendered his resignation as executor OF the estate
Do, az Mrs Cuttings interests are concerned ana ~
Ss hecn accepted The resignation and the transfers Vi
H's were made in accordance with the agreement
~ ~ ~. heirs already Published in THE TRIBUNE
VI ~. rsau4nt was made on December 10 and was
ID Inv William Cutting, Individually aud as execu-
&c lydia S. Cutting Mrs Hayward Cutuns)' lhdlNi""
uv and as executrix; Anne II. Cntthg ana henry
go Cutting Mrs Cuttings children Marion Gut
,s MIRA Brockholst Cutting. aud f. Brockholst Cut
49, and William Cutting IT,. the sons OF Mrs Brock
hoist eating The document sets forth that as "lli'S
r,,o "a indebted to the estate OF Hayward Cutting;
"a an accounting is necessary to determine .he
on,t Of the indebtedness and William cutting
i,as TO have the amount OF the Indebtedness asoer
sd and TO provide tue payment of such indebted
v.
- h,,dren of Brockhost Cutting as 1t Is necessary
49, on adjustment should be had and 1t is desired
ondine the accounting that partial DIVISION sns NC
ss of the estate therefore, In consideration OF he
romses and one dollar in hand paid py each Vi Tue
n,res hereto to the others. the receipt OF winch Is
sckpowledged it is agreed" etc. General CUTTING Is 10
conway absolutely Mrs. Cutting onethird oil the rear
nortv of the estate Of b. Cutting including all the
interest of f. B. Cutting in the real estate leis ny us
mo,her Gertrude Cutting is to divide all tho remaining
ns,onal properly into two equal parts ana transfer ONO
Of these to Mrs. Cutting, excepting, however, INC
wabash securities amounting at par to 81 Soo'ooo oSs
sueh amount as may be pledged-3oS bonds-S 70 We ~
anea deliyered TO the Farmers Loan ana trust 'om-
pany 10 hold for the benefit OF the persons "nDn 'as
afterward specifically provided ana exeepshS o
OF bonds OF the savannah and Cnarsson r which
many in Charleston awaiting reeissmI'ou, i1 ,ran.
,neone bonds to be received which are 70 De N.Y.
terred 10 the Farmers Loan and Trust COMPANY fh
oi9c dyision of the estate provides that Vnehal ri
she bonds aud mortgages Of the estate sha DC
nn cash from the money deposited in the bank or In
sscnritrs at their present value Certlocaes 10. '"
sstate and not hypothecated "-except the M apasa
securities and the savannah ana az
stock and bonds separate a,ssnin eyacutor's
eaon S 70 be Executed The assignment be
naned with "a memorandum stating the alhountss i .od
which the persons 10 whom ana .ne . as the Academy
of Music left by f. b. Cutting Is to be lnelndeu IN ts
to convey onehsif Of his fathers in the personal
sstate Of Gertrude Cutting TO Mrs Hayward cutting
including onehalf an amount OF Soo'ooo vi
now and awaiting payment .,o q, ha,t ON de-
Onehalf all the money of tho estate IA Dank, on
posit or IN the estate ncudlhK rents
Tor which checks been received is 10 De pau va
together with balance que tnS these ranser
III Ihe value OF property transferred cannot DC
upon an sppraiscment shall be taken the W
Se Amounted by William Cutting, john L. Cadwaiaaer
and Franklin Bartlett The agresemIe n ~ the
TyrmeTs Iosn and Trust Company mortgage OF all MS
interest in the estate lft by his fath.r or
by Gertrude Cutting. to secure the pay lnent OF
s%Gs ma. S ne sre to be determined without delay In the
proceedings now pending In me ,Isnersi Cutting
srscntor and trustee under the viii OF
Howard Cutting and states thar on the ue!l'ea! Va
the conyeyances and mortgages and the psy OF
noncys on hand ali proceedings pending TO remove
William Cutting executor or trustee undef tue WI o1
Francis B. Cutting. and "a executor or rni,ee angg
will OF Hayward Cutting, shall be dlsoontlnnea ~'1oui
costs either party, and 50 long as tLs nil he
be faithfully carried out no siLr pr0eeeuings Wi
taken against him by any OF me pa. IA next
lam Cutting as executor OF us ue ,rusfee under the
Will the widow and children OF t The re-
naining half Of the personal prop 5ty ot1eI ina Va.
Waha.h aud The Savannah and Charleston stcuIi.'os y
10 be transferred by Mr. cutting as e1ecu''i ~
Thi. division of the real aud personal property Is moi
Ia be deemed final but transfer suOJect 10 VIZ az
counting. The Wabash and savannah anu a., md m,
securities and the bonds TO oe receiver to su6stute
nnd for the ultimate adjnstment OF balances DetWeei
tSn bsirs As The Wabasn funds be conveyed TO IN
49, con many are now ia process Of foreclosure the com
many is authorized TO arrange plan OF a
SIiiam Cuttipg individually conveys 10 mrs. NutS' "
Yscrf rix aud 10 himself, testanentaly ttue'oe, a.
a. benett of BrOckholst Cuttings chloioh , ~
1870 - Cuttings will subject to previous prONIsiOh'
81 i,S ntersst IN any property as dshnguisheu ~ i
Family effects passing under tDe VIII VI ~ GOO 20
s.ninJna All interest IN the sum OF SlVO,VVV, as !
.hic She received power of appointment by the WIN
Frnnci b. Cutting and the objections hleo 10 INC WI
ashall be forthwith withdrawn" $500 ~ a,
Provision free access by all the heirs 10 an ~
books of account relating TO the estate Is naie "nu
ali the vouchers and papers and lhlCfmatlpp 10 b.
he furnished on any pOirts requiring eAlHtha,VVi
All moneys accrung from the various estates ." nc
are navabe TO the estate OF +. b. cutting lhcIuuin
rents ana incomes part OF which shall De PAID To W
Trust Company To be dlVlded ana appoIlltoneu
Iydia s Citing and to the the tsi eSai
for the bsUeht Of Z. BrOckhOlst Cutting ana Nllai
Henry Mason Cutting. being under age, agrees
raify the agreement arriving at LIS majority nu
he refuses General Cutting may treat tie agreement
rcecindcd far relates TO the snare HAhsIeio"
Ivdig 4 Cutting as executriX and trustee =,
Ibe final article Of the agreement provinces Una. .
General Cuttings faithful execution or tho agreeheh
shall be taken against MIN pers"ua!' ""
Occurring his immunity from arrest ,,., ~
The formal transfers were MADE on he9ueSua9 ~!
were dlad YESTERDAY with the Register. the conVe!
ances 10 the t,nst company include NO., ~ BEAVER 81
s. south william, 81 stone, 30 CDaHDcls - ieau. =
Tost Tweuty.thrd % West rwenty-fOurtn SITS, lOts
Tenth-ave and FOrtieth Forty FIRST and Forty-SeeoI
sts at Forty sixth-st and Eeventhave ten houses an
lois AZ Nos 56s $40, 572 574 Tenthave., at NOS 90
l5G AKA 400 I62 and 4G4 West Forty -secondst., al
AT EigAty -fourth-st and First-ave. ., ~,
Franklin Bartlett and Ehhu ROOT feprosehtou y?
lydia Cutting Bu7rll. ZaDrlske Burr tto exec u'o
and John l. Cadwalader Mis- BrocXhOlst OuI'nE'
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