The Irish standard., 1896-04-18
IRISH-AMEkI IAN BANK
Further Matters In Connection With
the Defunct Institution.

Ever since the Irish American bank 49,
signed, creditors of the defunct institu-
tion to have heard something of a large
lot OF real estate said to be transferred
by one Of the directors during the year
and a half preceding the assignment II
has been limited that Assignee Mahoney
would give the matter his attention be-
fore the estate was finally settled up in
an effort to secure the setting aside CT
the deeds. 1t is probable that he VII low
be saved the trouble. Monday afternoon
VIM. c. Baxter, who recently began the
sensational suits against the directors Of
the corporation, secured a writ of attach
ment on the property and filed 1t with the
register of deeds
This writ is directed against Jearv
Coughlin, Michael w. Nash, John r. Raa,
Frank WI. Shaw, James III Bishop, ThDs
r. Bishop, Joseph Scallen and John E
Gould. In the affidavit, the plaintiff sets
up. that the debts due the plaintiff from
the said defendants, and each Of them,
was fraudulently contracted on the part
of said defendants, and that the defend
ant, Michael Nash. has assigned secret
ed and disposed of his property with in-
tent to delay and defraud his creditors"
The property attached includes NUM-
Der of lots in Bradford & Lewis addition
and in Atwater's addition. The amount
of the claim of the plaintiff is fixed at
$4,000, and the same amount stated in
the action, and the property is said to DO
Of about the, same or Of more value
The suit commenced by Baxter was
sensational, in that it charged the dirac- .
tors and officers of the bank with having
acted fraudulentlv and with having mis-
represented the condition OF the bank to
him to such an extent that he deposited a
large sum Of money. 1t was commenced
individually against the directors oh
these grounds. The attachment of the
real estate property viii involve several
important questions. First. 1t will be
required to show that the original trans
fer from M. Nash and others was fraud
ulent or illegal, and it is claimed that this
will be somewhat difficult thing to do.
II it is shown that the transfer is void,
the question will arise whether or not
the claim of Baxter is valid one, and
whether or not the property should be In
closed in the estate Of the insoIvent
bank, or is individually that Of the di-
rectcrs
TIL step is an important one in tha
Irish-American bank litigation. and viii
be watched with interest by stockholders
and creditors
Mr.. Nash denies many Of the allega-
tiOns made IN the above complaint and
says he proposes to commence an action
without delay. He has secured the sery-
ices OF Frank Hubachek, and on Tuesday
they were in the Office of the county
treasurer after evidence. They propose
going after w. C. Baxter and others who
it is claimed traduced Nash, and make
them suffer to the extent of several thon-
sand dollars. Mr.. Nash claims that his
accusers have made statements that are
utterly false, and he says he will prove
every word Of them 80. He claims they
say he has transferred his property III
his family, when h. has not done 10. and
In proof Of this he waived large bun
die Of tax statements which show that
he pays taxes upon more than 100000
worth Of city property, and that the prop
erty decided to his daughters does not
exceed $500 in value.
Mr. Nash claims that he owns d niece
of property on First street and Nicollet
avenue worth every cent Of SIS. 600. be-
sides IL quarter-acre pieces inside OF
Ninth avenue south, worth 800 .06O,
which the assessor values on his lists at
SS5,OV0. In the lace of this he says his
traducers secure attachments against
MIN, and papers print the fact repeatedly,
after II has become news that Is old.
4 am in this city TO stay" said Mr.
Nash, and am going to live and dia
here. This has got to stop. have lived
here for 36 years and never owed man
dollar, and never had one Judgment
against me, and intend to see ii people
can jump on me as If was criminal. I
have suffered on account of the Irish
American bank, and | intend to stand
my loss like a man, which is more than
some Of these people are doing. ! had nc
time to attend to its matters because j
was working for the public, and seeing
that its needs were properly attended to-
For that reason have lost several thou.
sand dollars. l will fight this matter
now, and see what they think of that