New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-28
SUING HIS FRIENDS son.
CORNELIUS S. BUSHNELL ChA""i''
FRAUD.
-. ACTION rrorGuT AGAINST ". W. DtRANT
TIE BANKER TO RECOVER Sh""f VT y
MORTGAGE on ADIRONDACK LANDS.

Az ACTION BROUGHT AGAINST w W. ID hANi'
TIE p,xKrR TO RECOVER SHARE OF \
MORTGAGE on ADIRONDACK LANDS.
4 suit has Just been begun In the supreme court
in this city Of an interesting nature under an ".ts"
ton OF fraud. by Cornelius :. bushhrl'' u W."
Haven through his attorneys. Johnes Travis OF
y, "A Hr,,dwov against W. W. Durant. of NO -
rroadwav the well-known banker. for over SS@"V'
The fact that the silt involved fraud was rot Known
:, Mr. Durant's friends. who regarded the action
ne one OF q mercantile character. embracing oh'y
technical fea lures and devoid OF pubic interest
The case Involves incidentally about ["""o acres
NJ land in the Adirondacks in the counties OF war
rem Essex Franklin. Hamilton. Lewis. Saratoga
AMI Uerklmer The whole transaction covers n
perod OF over twenty-five years. In 1858 Enoch IL.
Hosencrans then resident of Glens FAILS o"heu
large tracts OF wild land In the counties nah'''
s,nposed 10 be- worthless that time. except for
the timber on IT, At about this time, late IN the
sixties. corporation known as the Adirondack
Cau,pany began to buy extensively of the tracts.
Mr. Rosencrans sold largely 10 them, ana TOOK a
mortgage from the company In the sum OF SlDHo
on land bought from him
In 1868 Cornelius : Bushne, induced through
representations Of Thomas Durint. Of this city,
father OF ". W Durant to purchase with him a
one-third interest IA the mortgage as safe ana
sure Investment.
The Adirondack Company finally controlled over
100000 acres. After the senior Durants death. W.
w Durant and others succeeded TO his estate, and
the payments on SIR. Bushnels mortgage were
not kept up The mortgage was foreciosed. but no
sale was made After Thomas Durants death w.
W. Durant came into control OF the ADIRONDACK
Railroad. and elected its president In IN"
Mr.. Bushnell not having received any dement's
from his mortgage for some time. saw Mr.. Durant
and demanded satisfaction in one form or another.
He was informed IT is alleged that the vast wilder
ness on which he had mortgage was worthless; that
the timber had of the tract by the million
feet the had not been paid after the timber
was gone. and. result the state had come INTO
bv the IN ,rtgage Mr.. bushnell alleged that an
accounting should have been made OF me tlnoei
and that he should have been KEEP, IN, I'M m H.
Of many things about which he was totaily III W.
oniv one informed Mr. Durant Insisted that the
land covered 10y Mr.. Bushnes mortgage was OF
~ahIv he said he would give Mr.. Bushnell $oVn
in fun settlement Of his claim ai'r rIG ,,r
amounted at that time to about S'o'""' Inns o''''
Further Investigation. however. revealed the fact
zoo 90 acres the land for large sums many s,ss
sSees. =, Of the t951 10 a g scw% " weS
this city ana the present ti'ne s3 mprGssSk
In the time Mr. puran opera''ns ssnnrraHs
different persons had secured w hacn ,nisied
hy NJ Dnrant as it Is alleged Mr. Bushnei! d.
cded bring the prcsen, acton nn'r' omt Of the
sixynar imitation to recover principal ana me- f
he share OF IN" moftEhkf "''N ~
a., on0 a M interest for tw"nty-slN y'a ,.r-
Gnrnel,us : Bushnell. the IlainuH; - - ~.
lr,,rn figure i'm American railway h'sip,F. -.
a.. "a. principal contractor on IN" huu,hS % W.
i.nf,, pacific hallway. He superint"nirl III, .o'
s,rm,tl,n work when il WAS necessary 10 ~,
,a. every lay - a shfeguari against .ll' 80
,Ic vas intimate with Croker, HUNTINGDON "'''
Stanford ..- 80. 80. I.non pa r'I.
- ,., T'h,n,,s purani. father OF the defendant AM
mo, became great fri'n Is ,....,.. - ,hs
ur tonnes - Johnes Travis. aiioIn.ys i.r ., W.
,i.in,'n vas asked by rribune report b.
IT,, h,, If, happ.u.l that Mr. Bushn"il allow w
,sc. ia ls,G without making any ehort 70 correct IT.
He said. .t.A. .r,, a, that tim.
4 tton,'n.I with a number - large 'ni"tpr'S"'
~ - ,.born,s Dnfnnt we're bosom fr"nI'' an
- ,-, on. WAS Cornelius Bushnell irl""i ~
'..'fI r,v. vh,trvpr h~ wa0tet from hiin. ~.
r,sr,.T yhru f1li ny " " lutant tnat th-
.,'~,,.ge ga. worth only Son brNrNrI hln ~
m .@o,,il have believed his father but II J. prrt,y
-, maj when Mr. lmrant paid IN. '''p ~
- - from n fund four or Ave ilm"- as DIG " mn
80 I.rv.l from the sale OF unlD"r 'u' -" ""
l,,l ma, Mir Bushnell Jointly owned WIN '"'"""'
NJ i,urants lawyer Is Freezing II smith ot -.
90: uro,Iwnv M Sinh is out ~ town u"' Nv
lie ,,rce Yesterday 10 admitted that IN" IT.
,y,tnf =. above outlined had been s'fN'' ii'I' -.
irtr.u, The latter Is a. Racquet lAN' 49, ~, "'
- an. OF tn. nnre. camps ~ me Nlf'l'''
a., trtr,ut's lawyers nave informally noun
t.L,,. 4 Travis that IN 'h"'r an"Nri a brh'l"' ''
80 20 49,. ,.ofuulatut ~ IN be