New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-03-11
COMPLICATI0N IN THE UES CASE.


NOW 4 BOND>MAN OF THE ASSIGNEE WANTS
TO BIZ RELIEVED ~ HIS LIABILITY.
New complications are continually arising in the
affairs Of Henry : I've, a CO. ON January - last
the Mineral Range Railroad Company recovered a
judgment against the firm in the supreme Court in
brooklyn 70. Si50,97i -, and on the following dag
filed biz. t. set aside the assignment Of Ives. stay
ncr d DOlcnus u William Nelson Cromwell on tho
ground that It made with fraudulent intent to
delay and hinder the creditors Of the firm This case
to up for argument in the United states
Circuit Court saturday, but was postponed. lc.-
tclday j. Lee IIumfIevillc. who /, of Nr. ,rom-
wells bond men in S25OcOO, filed through h, Law
yer, Ira d. Warren, petition in the tour; Of Common
Pleas OF this city asking be discharged and rcc:cd
from hs bond The petition ,ct, forth the assign
mcnt by ives q Go. on August II. l-77, and ~
execution Of the bond september following and
then says:
The grounds your petitioners claim are that he j.
the suf,es the bond ~ said assignee. and DC
has become uneasy a, o. 'f 'anllty such bond and
has become d.tfu,ifu -ad assignee and Of Dbl, cunl-
afv responsibility for the estate Of Henry > I'c' &
Co.. A. accounting has ever been made, and Your
petitioner has frequently demanded and nov d'sir"- 10
be released and discharged any liability such
bond for -aid Cromwell
Mr.. Humircylc. when asked hy reporter why
he was taking this action, replied:
The az cunt o. money Involved this bond il TOO large
10 rsx Nh Cromwell va ny attorney 10. many Yeas,
Ar. - 900 and the actual assets I'll vO'OOO about
A quarter Of a million Of dollars f. small part ~ u'.
and could be wiped out quichly that 10 "oud mako
YOUR head swim. | don't Tx the way thing, ar going
Oh IL - now year, and seven month, since hat
assignment made and the assignee has never W
rendered q, account except In this letter - ny lawyer
which will show you. Ives = In jail and there are no
signs OF his being brought to tfial. Then there c"n'
ili, suit Of the Mineral Range Railroad Company. ch@s
ING that the assignment fraud. think II i' aD"t
time for NE 70 get out months Ne been after
hi, nan % relieve and although he La r'p'ai.dy
u,of.ed 70 do So / am out than when i2in
Sow | am going Try and force him TO an accounting
and 10 relieve Iac from ~ liability.
When asked in regard 10 Mr.. IInmfTcvillc's seeking
h. be relieved from his liability a. bond,man Mr.
Cromwell said Yesterday that Mr. Iiumiicvillcs dis
sat faction from the fact that he had made Ger
tain claims which it became the assignee duty to OPP
pose This had naturally led to some differences and
10 his desire to De relieved. Mr. Cromwell had cX-
pressed a willingness that thi, should be done, ana
proceeding, had already been begun for that purpose
before the bond sman had filed his petition Mr.. Hum
frcvillc he said, must have known Of it, because he
was made a party to the proceedings. Mr.. Cromwell
also said that he was grslcd at his ability t. report
nat he brought 80 per cent Of the creditor,
into accord the whole matter would be settled al
an early date, the drawing up Of the papers Tor that
purpose being now In progress Inc creditors Of the
estate, he said, did not share Mr.. llumifcVillcs pre-
tended concern, for they were III entire harmony WIN
assignee.