New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-07-25
THE BIG NAVARRO HOUSES
PROSPECT OF LONG LEGAL coNrEsrs ,
DIFFERENT INTERESTS INvoLvED-MR DE Ma.
VARRUs CONDITION.

DlFFERENT INTERESTS ISVOLvED-MR DE Ma
vARR0s CONDITION.
The foreclosure proceedings begun nv n.
Mutual Life Insurance Company against Jose r. do NJ.
varro and others Interested 10 tho apartment houses "A
Fifty ninthst. and Seventh are only the beu,n,,
OF An apparently ihtcrminable legal fight ON a ,.,.
scale, IN which the parties side will be thu man
bers OF the Apartment Association, and on thu OH
Mr.. do Navarro and James J. McComb WHO Ia s,d 4.
have put 100000 into the houses and to have tars
second mortgage bonds security Mr. McComb o.,,,.
that after the $l0i000o mortgage Of the Mutual LA.
shall have been satisfied all that will be eft a, a..
property Involved IN the Madrid Barcelona Lisbon ana
Cordova houses Will belong TO him. and that After tn
New York Life Insurance Company claim shall h.v.
been made good. about all that will remain Of thu o,h
four houses will be his
The members OF the association hovevsr ..v ,,..v.
McComb Is making preposterous assertions and tia ,h
lays claim to about four times much IA belongs To him
These members who hold leases OF the building and a.
suoh lessees belong to the association declare than,
claims have precedence at oil events over that OF M.
McComb and on that point the legal battle will be tina
nercest member of tho association said yesterday
These houses have been Dominally under manage.
ment OF tho association but Mr. do Navarro As msmbr,
thereof has had virtual Strange a. It may an
pear there have been books of tho association kept
moneys have been taken for rent, have expend
ed right and left and record In ANA
has been made but all the transactions have bsen car
Company"
What organization Is that"
at Is simply Mr. do Navarro and Mr.. McComb. Thsv
organized company n
build tho housea There they have kept all the accoun
How these stand We do not know; We have means d
knowing except through order Of the court haa
| will come In good time. Taxes and interes,
| on tho mortgages have not been paid fa
| two years. and yet the rents have been col
looted but not turned into the association. What .h
been done with the money is thing which propose
| to 1nd out. Mr. de Navarro claims to have put
81 900 900 the buildings, but II he has put In more
the $780, which he used to purchase the lane
| I am greatly mistaken. We have o big fight OUT
hands, but now we have got started shall continue
the end. We want receiver who will run the houses
| in careful manner and In such way that saan
| know what 10 going on"
There are seventeen members Of tho Madrid Associa
ton who have put 10 from $4,000 to $4,000 into
their fats Myron p. Walker OF these Ia said
have expended $4,000 in addition S35 900 paid
his fat in fitting up General Clinton Fisk has
pended large sum I additionally: also ,. cAr;Sa
Lewis. .S Mr. o Keross' members MR. bassF DC
association The claims Of the members In tho Madrid
| amount to some 100000.
new complication to the troubles is to be added in
foreclosure suit to be begun By the New.York Life In
on abe Valencia the Granada, the Salamanca and the
Taosa Henry L. Bogert, in behalf OF that corporation
he mas been delayed to the need of papers
some forty tenants who have direct Interest or an
Thomas o. Watson. the attorney Of the
last spring Mr.. McComb applied to !hf company
for delay TO enable him 70 To-, f or Soo,:
foreclose by February, 1885, and serward asked for
time until May lsSe He made to s,i
This the company did not agree to- but waited
presen. action was broughtsst April We waited nearly
year. Mr.. de Savarro's attorneys asked Tor DELAY 20
enable them get assignee OF tho mortgage ana pay
us OIL Mr.. McComb asked delay and offered TO siys
some OF collateral security. MI de NavarrOs attor
and the company declined to take Mr.. McCombs scat
ties having delayed foreclosure proceeding as long a.
them that some time they would have fight on those
second mortgages; and there will be big fight among
What the effect OF this complication viii be upon Nh
de Navarro the subject OF much discussion yester
TRIBuNE TINS morning gave accurate statement Of
the situation II Mr. de Navarro loses by this he can
rassed a, far az know He has withdrawn from o her
interests in which he has been engaged in this city Al"
On the other side the out-andOut assertion was made
that Mr. de Navarro was In close quarters one o Inc
Tsy a.t s y' of
OF the apartment associations corroboratsd lese state
~1s BOUGHT by Mr. de- Navarro in his ws
and this lie has transferred lie ha: transferred ms
A member OF the firm OF vsnderpoel, Green Cunning.
true has had great load To carry. but TINS matter 10
| not going involve him. We opposed receiVershlp
| because we thought II would give the houses blacx
| eye" ,. =. -, p, ono ooo
invested in the houses il Scotchman, re puted 10 10
worth Sl5,000.0OO TO $2O.OOO.OOo lie male this
money patent cotton tie. Observing that COTTON
bales frequently owing TO the clumsy tying OF the
negroes he led the invention or tue simple Tie IN
use aud from amassed his fortune. Mr. AcConD 10
said 10 q strongly In contrast 10 Mr 10 navarro
who has the reputation OF doing every hing with en-
thusi.s M generous scale. Mr. McConD carries
little book which he jots down every purchase even
10 that OF apple, some or his acquantaicos say.
There have many differences OF opinion between
the the subject OF expenditure On tue apart
| nent houses, and as Mr.. McCOmb has objected
| To- many OF Mr. do Navarros IDEAS, tue
laers friends say that ne mas nad 10 ad'apco so'A
| deal OF his own money 10 carry them ont.
Much sympathy has been expressed Tor tue unlortu'
nate buyers OF apartments In the houses, VINO IL u
feared, will lose the money invested IN the venture IN
Guiding the xpenses decorations still those mem.
hers Of the association Will mako strong legal nght
| 10 secure precedence Mr.. McCom6s claims Mr.:
do Nayarro said yesterday that the claims OF
| The members were undoubtedly xoou anu thts tnry
| mead have no uneasiness General Hubbard Mr.. Me-
Combs 1unse said there was strong PROBABILITY tz1
the members would lose their Investments III seems
| clear that only prolonged litigation Will settle Tue
MIR de Navarro Is confined TO his bed at his country
mousse Elena, aud half miles west OF SeaOrigb y
D. and by the advice OF his physician refuses L, receive
To be office la this city ON Weines lay MS "is
said all his business anArs were IN the
| hands or Mr.. Clyne for the present
HOyORING SWEDENS POEL
| What Burns is to the Scotch in particular, and
tho Englsnspsaking generally, the poet Belluan
is to the swedss He the virtues OF The poor and