New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-12
THE RENT TO BE LowERED-Two BUSINESS MEN
DISAPPEAR.

THE RENT TO BE LowERED-Two BUSINESS MEN
DISAPPEAR.
Tho report that there would be IN auction sale OF
furniture under foreclosure OF chattel mortgage ut
the Union Square Hotel today proved to be unfounded
The law sits which were Instituted by the trustees
OF the Courtlandt Palmer estate against Messrs'
Dam and dc Revere. the lessees OF the hotei were
OF a friendly nature, il is said. Mr. DE Revere WIN
IS now running the hotel. said to Tribune reporter
Yesterday that when the present lease was niaue !.
was supposed that the Worlds Fair would be heid
IN this city and the yearly rental was placed at A
ag,re which Il now considered too high. The trustees
~ rho Palmer estate were themselves satisfied OF THIS
and agreed TO reduce the rental from s"o'o'V :"
100000 Mr.. De Revere has been dispossesSed as !"
matter OF FORM although he Is stu In actual poSsesS
OF the hotel. 49, III,
A new lease Will be drawn up now which VIII
run until MAY l. 1897. According to this lease Mr.
De Revere will nav an annual rental Of S20ooo
besides having ND an indebtedness Of $4,000 TO the
lessons I'm five equal annual instruments. Dir. DE
Revere admitted that Beinecke Co.. the Ihea'
dealers held chattel mortgage against SOME vi Ms
hotel property but they had not taken any steps 10
forcclose IT, and he did not have any reason to lear
that they would do so.
Another judgment was entered In The Court Oh 'o,n
mon Pleas Yesterday against Messrs Dam and DE Re
we're for cl5 622 In favor OF John W. MURRAY DO GA
ecutor and trustee Of the 'e A' rev io East ff
eenth-st which was leased for SIX years and fout n,
months from January 1, 1885, at yearly Ieh'a' 4"
$4,000. No execution has yet been ISSUED. 49,.
deputy sheriff Mulvapey Is In charge OF tne ~, W.
restaurants OF David A. X smith, at No 80 fafh how
and No. i22 NassalI-s on an atachment Tor Hl'9 90
in favor Of the Manhattan lie Baking Company Tor
pies Mr. smith Ia reported 10 have been missing Tor
about week Mr. smith Is said to live at Bay0 III
" j. No Information could BE- obtained az me inrk
Row restaurant yesterday. IL was said thnt ne hao
not been there this week II was not KNOWN where ne
was when he would return or the cause Oh Ms u's"p
pearancc. ~ "a roh,
Charles Magnus, diamond dealer Of NO. ~ Johr
st is believed to be much worried by the failure Oh
John Mason jewecr Of No. 262 Fifth ave-. ana has
been away from his place Of business for Il nohtu
At his Office II was sad yesterday that he had not been
there for several weeks, that he SICK aud thnt the
nsin.ss was still run under the name Of the assignee
Henry W. stenhauscr. Mr.. sagnus having made M
a assignment An November, 1890, with Liabilities Oh
sas 900 but afterward compromised with his creditors
AT Gj cents on the dollar which was paid on. oll0
Magnus n brother Stid yesterday that Chares was
SEX had been SEX for several weeks. had been
pr1lsby affected by the heat, and be could not tell
how the sickness wonld develop. Charles had been
out Of the city to reeupere. but had returned Inc
uSneSs was M "A standsin, but was all right every
thing was straight and he did not owe anything