The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-07-01
MILLIONS ARE ATsSTAKE.
TROUBLE oYEn THE ESTATE OF THE
F LATE JHOMAS CORNELL.

X 81 cert.,r s:oeks--Grnve Charges Made.
Il KINGSTON DEroT. June 30--When Thomas
Y Cornell. the millionaire steamboat owner
Rondout. died. March 30. $500. he loft
h an estate estimated at S2.lO0,O00 above
nil encumbranres This represented inter-
ests in tho First National Bark OF Ron
dout. tho Cornell Steamboat company.
tho Ulster and Delaware Railroad Com
pany. The Ulster and Delaware Plank Road
Company. and tho Rhlnc check and Kingston
Ferry Company. The will. after providing
that q $4,000 mansolcum be erected to his
memory and that his widow should have the
homestead Mt Rondout for lite created q tr1st
Of the rest OF the estate. which should last
during the life Of his two sons-in-law.
His widow was to receive ninety per cent or
che income. the rest reverting to the estate.
Upon the death OF the sons in law tho rcsldunry
estate. by many complicated provisions. went
TO thot two daughters These two dnu ghters arc
Mrs. Nellie I. Carpenter. tho vito Of Robert
Bayard Carpentcro of New York. and Mrs. Mary
Augusta Coykendall. wife Of Samuel u. Coy
Of the stock OF the Cornell Steamboat Com
Eany. The trustees and, executors named IN
xitsr tho death 81 her husband Mrs. Cornell y
nj. S:'s, sm,T Ssssss saSds seeSS
f asSs tssi1ss IN In tie 81
ns S IS On sTr
: for an, Injunction restraining tho executor
fron disrosing OF certain shares q stock.
plicaiiop il made, alleges that Young induced
her mother to resign md then assigned all his
Tne viii snvs tie executors fuli power to sell
70 reinvest tho s T rroeeeSs For the past two
xears nenry every step taken by the executor a,
ns % sov WIN hS Ss tns
% Il The was w n9t Mr.
pnn,es Is her moshsT adviser and
or sash WORK ose e
daughter. in formal application for an In
aGw Tree hs ssaSss Of tho
MR. TnfsS III In
turn charges Mrs. " Carpenter With stsemp tiDe
Dsss sss H5;ss sss ssS sS
$s SSsS ssss rs sSS
81 saa;s %ss eE. ss s1s + S sSHa
4. SSeS Sfi; i s3$aS Ssrps%Sss, sis s
the laws Of New Jersey. which should swat
1s SEeen the TaRnr n sna tho Ssp WssS
burn Steamboat COMPANY and form sort
tns ss be amy he soS
Souns the Get Or On Spr Mrs.
Steamboat Com pany STOCK. and received in re-.
sSnss fe
fathers estate was expected to sell its own
much less yaluahlS property" She believes
dividend. while the bonds only called ior 8 per
Carnentsr charges him with completely with
ann nior me T" aDd beiieSs she alleges
that tho defendant Coykendall is Indebted to
sffa hlos1 81 the
tons Which he controls Ssny shs
owned by the estate Of my father. by selling II
the dei s s.D c"yke S In order 10 avoid
precipitatirG the said Cnykendall into bank
E.st National Bank and The attention Of the the
National authorities to its affairs"
Yeas4 @ shs is Sdsa thai
e sf Sans is ss65S6 WITH
epa the sad ia a
Saii million dollars H and that tie amount o!
the discounts which have already beca allowed
tho Ordinary discounts allowed, in said bank.
have largely i'm paired its capital. md am in
SmnsI. and sexs tdnt tns bs mn
ssss Which hay. SGT -, terth herein:
nh nn1 \ " hn lafAn1tnf GNykapdnll arn
to a large extent, hidden ana disguised;
they sr to se sad
the sole reason ever put forth by the defendant
was that = he did so md 6rnnght about about the
hs 81 by or
the First National Bank Of Rondout, in which.
q conrs"s; my fathers estate was largely in
Judge Andrews. after hearing all this.
pany s until si1S July a. When moten to MAKE The
m S Soang out
Of town to-day. but their lawyers were willing
MSa s1 IS a IT, sfsr rssS 81 c ssd
an Injunction with all the yigor ct our
ws assds s1 was IN It, svs 4 Y
which no swears that Gentleman claiming
to represent Mrs. Carpenter and her hus:
band1 .said 10 him that II he would
nay to them bonus Of $4,000
oniactions would be withdrawn. Mr.; Coyken.
dali swcars that he said to that man that ,neyor
in mis- life had he paid black mall and be did
also States states that he offered T $4,000 more
for the intsrcst Of tho estate In tho
worth. for the reason that lie tcit bound to pro-
tect It against the assaults which were being
made He offered as an alternative to sell his
interest In the property for less than he offered
t3 nay for the interest OF the estate His aill-
garding his indebtedness to the hHnk"
u. c; Soop. who is Mr.; Youpg's lawyer. Is
" he 81 g" X
Mrs. Garpenter's affidavit that reflects
lpon MI Young or unon ths bank is
countinGs OF the estate; and each, WAS