New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-15
| IVES AND STAYNER TO GET OUT.
THE FINANCIERS SEE LIGHT AHEAD.
TO MAKE A SETTLEMENT FOR FIVE CENTS ON
THE DODLAR-BAiL REDUCED FROM
QUARTER OF \ MILLION TO

Henry :. Ives and George II. Stayncr. after having
been prisoners in Ludlow street Jail for over year.
are about be released and settlement IS to be maze
with their creditors The preliminary steps were taken
Yesterday when agreement representing creditors
holding % per cent Of claims against the firm OF
Henry = ives co.. filed in the supreme Court
STIMULATING that the creditor, would settle their claims
for five dollar and the bail of the prisoners
was reduced from 900 each TO 5000 ca'h.
william j. Curtis as attorney for the assignee OF
Henry :. Ives a co., william Nelson 'Ipnwc" al
reared before Judge Andrews. in the supreme Court
Chambers yesterday afternoon and presented the I'a
accounting Of the assignee and also the agreement u"
the creditors 10 accept five cents on dollar Upon
The strength of these paper he asked the court To giant
an order directed 70 the creditors 10 show cause on NAY
| why the accounts of the firm should not be Se''o"
and all OBLIGATIONS discharged, according To the dHco
ment presented. Judge Andrews after learning '"o
contents 81 the agreement granted the Order ana INC"
Mr. Cromwell asked 10 have the amount of the ban on
which the prisoners were held reduced from T2joooo
each To- $1,000 each. .
Frank Il. Lawrence appeared for the 'ih'"'n"''
Hamilton and DAYTON Railroad Company the prin''p'
creditor it, claim amounting 10 r',ll-'''' - ',o
said he would not oppose the motion to reduce the o'
and he added that now since the shcrih had o'cn
hauled over the Goals the bOy-@ had been pcVch""
from playing poker and he did not want 10 bc 10" "
on them Judge Andrews then signed the "u'' ~
ducue the bail. The order Of arrest on "m'h I've
and Siavucr were locked mp issued by JuuS' y u
Oh ianua4y - OF last year. upon a 'Nll n'l p'""t
bv officer, of the Cincinnati, Hamilton ana p'N -"
Eaillo,I Company. Henry :. lvc' ''o't' ii. 10
ner and Thomas {. DOrrnus, COMPOSING tue H., .,,
llcur, :, I've, 4 Co. made an a-@lshhr, -" No.
II 1--7 for The benefit of creditors NE HaD'i''' ~,
vrrc abnut - 90 uOp and ha> already b'" 'h'u' %
cincinnati lamil ton ard DANtri kalliphn
held claim, against the company AMOUNTING ~ 80 -,
81, ~ The rest of the Indciirdi'-s wa NV w." ,,,
aunu- about 100 creditors. among 'i!'ni N'',iN ANU"
forty faul. chiefly Ia tul- civ ana U'li''' Anime
In his accounting the receiver -Ai~ aN"hh "' 81
tlnt The estate is unique iu charhcic ana lnt'', i.s
I'm II. combinations. cg.itir, and d"ltd- lv n,
relation of DE a--i4uor- being intcila'eu WIN I.,
cnrnnraf nu- A. .iO, .hoGcr- or "ih'iN"'' ~ -,
dr.rritc~ the several kinds Of a'-"t~ Wln' '" tbc
hi. n,,--r,.nu and SAYS That the ilc - ''''1' "
.r,ur.i,- held a. e.llat,ll wa In dispute alu Wv ,n,
,c,t of a great deal 81 litigation ~" "i'i'' ~ mad
t,,t.e VII, fhr inAl aronanfln. .hpnlu hol p 10
and f. account ~ the proceedings 81 ne a. 80,
i,,d f,.turu,hl. oh Nay /. and II fhcr i ,," "P
,,ni,i,r ,n -trh an order II viii Doe entered tl' -
Iicu.c having forty dan in which - pay l' di,r
f, ,,a- Son b, Tribune reporter Al i""'
-.,.., t,il Inf evening. lie -ac mat u" n,'i
-,a,,.- ,,,,id M. able ~ furnish bail today u" VIII
"a away for a year two before returning I" W" ,i
I'm tn. civ lie spoke iu th" hiehc,' lin w., -,
t,,tncn. while in ia denied that h" hHn EAn'ni'
,.a. addicted 10 oarl p'i'i or tha' 'lil""r' t,,
49,. ICED "a nri.oucr-. lie consider, 'N "'l"''
k,,ir. an innocent man. He has lost h'- .''''''-
-nnmenf hli appeared ln hnoNAl 'f'',. ,,' =,
,,ar va. NOT fn hs seen. ives al" nc vs. "''
ln his room writing