The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-10-07
FACING A MORTGAGB.
New Phase of the Old
Greenvi11e Grace
Church Fight.
WHAT THE STATE LAW SAYS
An Evidence of Debt Which May
Be Converted Into a BOOM
erang-It's Nip and Tuck
Just Now.

The row between the old and new ves-
try Of the Grace Protestant Episcopal
Church. of Greenville, is by no means
men will be out this evening, and attempt
to carry the election. Should they attempt
to do this there will, in all probability, be
another row which will surpass the one
that took place at the recent annual
election. The old vestrymen, it is said.
will have ticket in the field, and should
they succeed in having it elected, Bishop
Starkey will have more disputes to
settle.
The Treasurer's books which have
caused so much trouble, will be at the
church this evening, where anyone deslr-
ing to do SO can examine them.
On three different pages of the Treasure
er's book, opposite the names OF Messrs.
Hoffman, Chapman and Penderson, ex.
Treasurer Adam Reid wrote in large let
ters, his comment upon the action o. the
Bishop.
AS was stated In The JERSEY CITY
NEWS last Monday evening, Mr. Reid is
liable under the crimes act (section 1879
TO Two years imprisonment. or $500 fine,
or both. Whether the vestrymen will
take any action in this matter this even
Ing Is not known, but it is rum0red that
the matter will be discussed.
HOLDS A MORTGAGE.
Mr.. j. j. Detwiiler, one OF the seceed-
ers, holds mortgage on the church, and
threatens to foreclbse unless the coupons
are paid with interest on time, A flaw
has been discovered In the mortgage, how
ever, which renders it worthless. Secrion
(page 1873 of the revision of New Jersey
requires that the wardens and vestrymen
nf nr,v @fn.f M. -
must first obtain the written consent of
the bishop of the diocese before they
mortgage the property. This the old
vestrymen neglected to do. and conse-
quently the mortgage is not worth the
paper iJ is written upon.
examined the mortgage this morning:
1t Is dated July /, 1889. and can be found
on Recorders Book No. 225, page 317. The
mortgage is made by the rector. wardens
and vesury of Grace Church to Jacob J.
Detwiller, trustee for bondholders. and
conveys the property at Pearsall and
Ocean avenues, which measures $500
square feet. The mortgage is for So, 500.
Mr.. J. J. Detwiller took charge Of the
mortgage and one hundred bonds were
issued at $25 each. Mr.. De.willer took
over half the bonds and the rest were
taken by the members of the parish.
COUPONS TO MEET.
The coupons were payable in l, 2, 8, 4
| and years, and are signed by Mr.. Adam
Reid, Treasurer. Mr.. Reid neglected to
sign the coupons Treasurer OF the Grace
p. e. Church" He only added the word
Treasurer" and this is another flaw
that makes Mr.. Reid liable. Should the
bondholders wish to cause trauble they
could compel Mr.. Reid to pay the coupons
with interest.
called upon Counsellor James Chap
man this morning. He said:-"The old
| vestry. when they made that mortgage,
thought that they had copper riveted
cinch on the Grace p. E. Church, and
now threaten to get square by fore
| closing the mortgage. The
new vestry will pay off the
coupons as they fall due, but If the old
vestry continues to annoy us, why then
| we will take the advantage the law gives
us. AS to Mr.. Reid, il had my way
would send him to State Prison. What
vestrymen will do in this matter
| do not know. don't think
that any action will be
taken towards prosecuting him. At the
| last meeting it was brought up and dis
| missed. The vestry decided that he was
| too Ignorant and didn't know better
| will not be present at the meeting this
| evening and do not know whether
or not my name will be put before the
meeting as candidate for one of the va
cancies." What the outcome will be il
mere conjecture.