New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-03-26
RUSSELL SAGE'S MILLIONS.
WHAT THE BROKER SAYS HE is WORTH.
sryERAL MILLIONS ABOVE ALL LIABITITIEs-A
STATEMENT IN COURT.

.rvRRAI MILLIONS ABOVE ALL LIABIILTIEs-A
STATEMENT IN COURT.
Tho Western Union Telegraph Company hav-
g apneaed from tho decision OF the General Term OF
,n snueror Court the suit OF James H. Goodsell for
eco GOO damages for breach OF contract regard 10
80 discrimination OF OF the National Associated
Pc G.orge J. Gould and Russell Sage offered them
selves as surcties the appeal bond Mr. GOodse do
c,,ned to accept Mr. Gould. and the latters father
Law Gould. and Mr.. age appeared in the
superior Court Special Term before Justice OGorman
yesterday ready to qualify suretea Jay Gould was
If once accepted by Mr. Goodse and mis- lawyer, f. 8
Savage and smilngly took his departure Mr. Goodsel
however insisted that Mr. Sage should be examined as
10 his financial condition, and all tie parties to the
action including General Wager Swayne aud Melville
Eggeston present counsel OF the Western
Union Telegraph Company, retired to another room
where the examination conducted. Mr.. Sage made
a statement. which reduced to writing as follows:
Il live at 500 Fifth-ave. | am both merchant and
broker. / have been merchant In former years and
member OF the New York Stock Exchange. cannot say
that am actively engagedn business at the present
time, except IN looking after my various Interests am
risks very limited indeed They amount to $4,000
10 $4,000 ut the present 'me ACCORDING 10 tne
toLs OF the stock market. have lew outsanSng
contracts and privileges Oh stocks cannot tell how
nbon; 10000 or 80 600 shares under such contracts.
think on reflection that is 10000 shares. avn not
Ceve OF panic which would result in loss TO me OF
over 10000 the contracts which have out AT the
present time state this after business experience OF
over twenty years ain perhaps liable Tor 10000 on
small bonds In elevated railroad Jointly either with
MIR Gould or Mr.. Field. For convenience sake sign
these bonds when Mr.. Gould or Mr.. Field is absent.
am not on any DO. for railroad other corpora
ton other than have mentioned am not surety for
any trustee. | one of the suretes for Scion um
phreys and Thomas L. Tut, receivers OF the Wabash
Railroad for $4,000. don't remember that have auy
Indebtedness at present | have two or three million
dollars due on collateral own real estate IN
the City OF New-YOrk l own ten trst-cass resi-
dences, free and clear, estimated to be worth from
$500 900 $500 900. / a number of vac ant lots
on Eighth ave. eight worth $4,000 each, unencum-
bered. / the north side Of Sixtyseventh st.
consider them worth Sl2 900 each. | estimate | am
worth above all liabilities several million dollars. II
be worth several million dollars The total loss could
not possibly be in excess OF two million dollars would
s,l be worth more than Eve million dollars | have
given you information about all and every haolhty that
have outstanding that can remember about also
own real estate not above enumerated
Mr.. sage could state specifically the amount ana
number II his puts" "calls +" and "stTaddes" with
out referring his books the number OF bonds on
which he surety, and the examination was adj
journed until next Thursday.
The which the appeal is taken tried orig
inay before referee and Judgment was given for Mr.
G1odse 200 the col ected for him by the
Western Union Company with interest aud for 100000
damages besides The General Term affirmed the judg
for money collected, hut ordered new trial In
regard 10 the measure OF damages.