New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-07
SUPPORTED BY HIS WIFE
JAMES NJ WATERBURY IN SUPPLE
MENTARY PROCEEDINGS.

HE TEsrIFIEs REGARDING HIS FAMILY's LIVING
ExPENsEs-DENIAL OF A STORY ABOUT THE
CONVEYANCE OF 100000 IN BONDS
Another chapter in the financial affairs Of James
NJ. Waterbury. OF Cordage Trust Associations was
told before Justice Truax in the Supreme Court
yesterday. 1t was the supplementary examination
Of Mr. Waterbury. following the suit instituted
against him and Chauncey Marshall, composing the
firm Of l.. Waterbury Co. The plaintiffs. Barring.
Magoun & Co.. of No 10 Wali-st who are CORE
spondents fer the English house OF the Barings
had sued to recover $4,000 which they advanced
TO l.. Waterbury & Co. In 1892 receiving as secur-
ity per cent gold bonds of the Security Corpora
ton, represented of the subsidiary corpora
lions of the United States Cordagc Company When
the crash in Cordage this collateral was sold
leaving deficiency of $4,000 for which Barring
Magoun Co. sued L. Waterbury Co. A judg-
ment for $3l,57 II obtained on March q last.
No payment. however. forthcoming, and
Jacob Marks attorney for the plaintiff put the de-
PENDANTS under injunction.
James NJ. Waterbury was first called, and In
answer to the questions of Mr.. Marks in court yes
terday said: Il married. and my wife is at
West Chester She does not contemplate going
away for any length OF time this summer. I have
eight children. ranging from six to twenty lone
years cid. and all living with me. We occupy the
house near the Country Club house Pelham
Bay. West Chester.
Il keep five house servants. including one COM
panon for my daughter. Catharine, who Is twenty
one years DID, also a coachman and a gardener
These servants are employed and paid by my wife
l do not know how much my wife pays these SER
wants. She has employed and paid the household
servants for years. I do not now contribute any
thing toward the payment of household expenses
and l cannot remember when did
my wife owns two horses. We have another
which belongs to of my children. and also
pony belonging to another of my children We
ha,,o ohn half
different kinds These belong to my wife, except
one, which belongs to one OF my children
What does 1t cost month to MAINTAIN your
household at West Chester asked Mr.. Marks
II do not know" replied Mr.. Waterbury,
The examination then proceeded as follows:
Does your family live at the rate or $l.VU a
month";
Eyes. and higher than that: think we live at the
rate of 81 800 a month
Where does your wife get the money TO pay
this?'
From personal estate"
What part of that personal estate did she re-
ceive from your
None"
.Of what does your wifes personal estate con-
sist?'
she owns shares of stock in various corpora
Haven't you given a.OooocO in bonds TO your
Il have not"
Haven't you heard 1t rumored that such was 'he
fact?"
Eyes; It is false ,..
From what estate did your wife inherit her prop
erty?' 80 -, 40 u,r
From her fathers estate. He was John NJ Fur
man president of the Farragut Fire Insurance Con-
many and a director in many banks and corpora
did you inherit any property"
Yes, sir. -
From what source?'
From my father. Lawrence waterbury; ne was
in the cordage business. He died in 1879 leaving an
estate of about 100000. Four children survived
him." T., ,.
'.What business are you engaged IN now -
81 was president of the Nassau Ferry company
| nm IN This spring I am president OF the > u D
| BAG COMPANY a New-York corporation; a director
| Of The New-York Bagging Company. president OF
| the American Type Bar Company, president OIL inc
| W,terbury e. Marshall Company. doing a cordase
business the name of which has recently been
| formerly director OF the Knickerbocker lrust
COMPANY the First National Bank OF hrookyn
| and the Third NatoAa Bank OF New YORK. ana
| there may be a few others that do not remen-
| Der"
Eyes" L.. ,,
"Does she make a weekly allowance for your
"Does she make monthly Allowance
mo; she gives money TO me "hen aSn io' IT.
Does she pay your bills!
..Do YOU have to explain the nature OF your eA-
| pendtures before she gives the money!
| mo not always . 40, -, A. "a
| This ended the examination for the day An al.
| ,ournment was taken until next Saturday al
| a.