The morning call., 1890-05-02
VALUABLE PROPERTY.
Advanced Bids in Court in the
Johnson Estate.

Those interested in the confirmation of
the sales of the johnson estate again ap-
peared in the Probate Department yester-
| day, and the proceedings were opened by
the statement of an attorney that an exam
ination Of the title to one Of the pieces OF
property showed that two and half feet
are missing. and on behalf of his client he
IoWished to withdraw the bid.
Acting for the widow of the deceased.
Mrs. Kate Johnson, ex-Judge Sullivan then
filed stipulation agreeing to resell four of
the largest pieces belonging to the estate,
and II they do not bring Il 10 per cent ad-
| vance, to take them in distribution to her
for 10 per cent advance on the prices bid at
| the auction sale, at the same time indemni-
flying the purchasers for the interest on
their deposits at per cent. The property
referred to includes the Florence House,
corner of Ellis and Powell streets, sold to
Joseph Hume, a lot on Golden Gate avenue
and LeavenwOrth street and another on
Sansome street, sold to James 6. Fair, and
a lot on Battery street. near Filbert, sold to
George c. Perkins. She agreed also to pay
all the expenses of the auction sale.
Attorney Goodfellow representing Sena-
tor Fair, objected to the stipulation and
moved to strike it from the files, on the
ground that it is not authorized by law and
that the rights of the purchasers, of whom
he represented one, cannot be avoided IN
| such manner. The paper, he claimed, is
utterly valueless.
An offer was made by Mr.. Sullivan to
back up Mrs. JOhnsOn's agreement with a
| check returning Senator Fairs deposit.
with interest.
The offer was refused by Mr.. Goodfellow.
who said his client had taken the risk Of
this property declining, and his rights were
not affected by it having appreciated in
| value.
Judge Coffey said he regarded the stipula-
ton merely as evidence of Mrs Johuson's
intentions, which he had asked to have put
| In writing the last time the matter was be-
| fore him. He therefore refused to strike
the paper from the files.
MIR. Goodfellow excepted, and then raised
his bid for the lot on LeavenwOrth street
| and Golden Gate avenve from S123, 500, the
| auction price, to S125, 800. This, he said, is
within per cent of the 10 per cent advance
required by the statute as ground for set
| ting aside the sale.
Judge Coffey seemed disinclined to ac-
cept this bid. He said the lot had been
appraised at $780, 200, and he thought it rea-
sonably worth that sum. The real-estate
experts heretofore examined had testified
| that the property is worth that much.
Mr.. Sullivan said that Mrs. Johnson's
stipulation is good for 10 per cent advance
! on the highest figure offered, which, with
the expense OF sale, amounted to S13S.050.
MIR. GOodfellow raised Senator Fairs bid
to $4,000 and moved the court to accept
that figure. but Judge Coffey refused the
| offer.
Then W. W. Cope, attorney for the re-
| slduary legatees, arose and stated that q
| gentleman beside him, Joseph Rosenberg.
would give Sl28, 900 for the property.
Judge Coffey asked for an earnest of Mr.
| Rosenberg's Intentions, when several of the
attorneys Vouched for his capacity to give
any sum necessary to secure the property.
Lively bidding ensued between ATTORNEYS
| Cope and Goodfellow and the former finally
secured the property for $4,000 for Mr.
! Rosenberg.
Judge Coffey confirmed the sale to Mr.
Rosenberg, but refused to confirm the sale
OF the Florence House for $4,000 and the
lot on Battery street. The confirmation of
the Sansome-street sale was continued
| until next W ednesday.