Evening journal., 1896-08-26
MILLIONS ARE MISSING.
Remarkable Shrinkage of Once
Great Lottiner Estate.
THE HEIRS WILL INVESTIGATE.
Complicated Accounts OF the Late John
Bloodeood. One OF the Executors. RE
calls Jerome L. HiiI's Act--A Prominent
Man Who Hypothecated $500, 900.


calls Jerome L. HnI's Act--A Prominent
Man Who Hypothecated s3oo.ooo
NEW YORK, Aug. e6.--The hoirs OF VIII
liam Lottimor are about toinvcstigate the |
accounts of the late John Bloodgood, n |
Wall street operator, who Vas son-in- |
law and an executor OF the estate oe The |
deceased millionaire The rensons for this |
ovorhauling Of accounts arise froin per- |
sistent reports that the estate has under |
gone u remarkable shrinkage
1t is sad story that Is told in Wall |
street concerning the administration OF
the once extensive property. Upon the
death Of Mr.. Lottimer the estate was val
ued at between 1000, 600 and So 900, 600. |
| 1t was discovered In 1887 that Jerome 1.
| Hill, one of the executors, had appropri-
ated to his own use nearly $500, 900 of the
| trust funds He was never prosecuted. II
| is now alleged that little remains OF the
fine property except the. real estate.
| While not denying the report that the
securities Of the estate under the later
management of Mr. Bloodgood dwindled
sadly, the majority of the heirs are un-
| willing to discuss the details OF the affair.
Mr.. William A. Lottimer, the surviving
executor, said that no statement would be
made for the present Mr.. William L.
Pomeroy, son-in-law OF the elder Mr..
Lottimer, remarked that the accounts OF
Mr.. Bloodgood had not yet been fully OK
| amined.
Lieutenant G. Bettini, whose wife was
a granddaughter OF the founder of the for
tune, said, All is gone, between SO, 000,-
600 and $4,000. OO0."
William Lottimer laid the foundation OF
his fortune in the dry goods commission
and importing business For years he
was power In the Wholesale district He
was merchant of the old school, shrewd
in his dealings, severe In his methods ex
acting every dollar to the last farthing due
him, but never taking farthing more
than his due So identified was no with
the house that he established that IL died
with him.
Mr. Lottimer left five children. One
was the wifo Of John Bloodgood, another
married for her second husband William
L. Pomeroy of the firm OF Pomeroy &
Plummer; a third married Sanford b.
Pomeroy, son of W. l.. Pomeroy. One
is the wife of J. A. Jones, and there is a
son. William A. Lottimer.
IL Was a Big Estate.
The executors and trustees Of the estate
named In Mr.. Lottimers will were his
business partner, Jerome l.. Hill; his SON
in-law, John Bloodgood, and his son VIII
liam A. Lottimer. The Office OF the estate
Is and has been for several years at "A Ex-
change place. Scarcely more than year
after the death Of Mr.. Lottimer the busi-
/ ness was wound up.
, The son, who is a popular and we'll
known gentleman, devoted himself TO the
estate affairs and private business OF his
, own. Mr.. Hill entered Wall street at the
, time Mr.. Bloodgood was an active factor
In addition TO a valuable lot Of seouri
ties the estate had extensive real estat,
= holdings One Of the best known piece
! Of this was the city home Of Mr.. Lottimer
!, which for many years formed portion o
= the now defunot Hotel Brunswick, a
. Fifth avenue and Twenty-sixth street
: Other real property was in this oily anC
> Connecticut.
The estate achieved disagreeable notorie
! BY In 1897, when 1t was reported that
: jerome l.. Hill had hypothocated upward
OK $500, 600 worth OF its securities to make
. | good personal losses incurred by him In
unfortunate speculation
Mr.. Hill confessed his action TO his
friend, Delos RoCurdy, a lawyer who In.
/ formed the other executors Mr. Bioodgood
and Mp W. A. LottimeT. Tho social prom
inence Of Mr.. Hill gave the affair the
. greatest notoriety.
, II was said at the time that the othoi
, executors had had implicit confidence IN
( Hill and that he had betrayed them. Sur
prise was manifested at his having beor
able to obtain access to the securities
which were with the Mercantile Safe Dc
posit company. The three executors hat
keys 10 the strong box, but il was mover tS
be opened except in the presence Of two o
thom. The most active executor with Mr.
. Hill, as reports OF the day set forth, wa!
0 Mr.. Bioodgood.
J. The other executors made application
for Mr. Hills removal, which wns granted
by the courts. Actions wero begun agains
. the brokers with whom the securities wer,
l hypothecated, but they were subsequent,
a discontinued.
The proceedings, SO far as can be ascer
tained wore instituted against Hill. Hi
l membership In his club was forfeited, anS
8 he disappeared from the city. From tim'
J. TO time reports have reached New York
first that he was in England, then in Ger
many and finally in South. America.
4 1t is said the surviving executor, Mr.
4 William A. Lottimor, intrusted everything
l. TO his brother-in-lnw and that the affair
OF the estate are so interviewer with thos
Of Mr. BlOodgood that it will require al
l investigation TO find ont whether the Lot
z timer securities have been hypothecate,
g for tho personal account of the executor
The most free of all the heirs to speak o
the matter yesterday was Lieutenant @
8 Bettini, who married Miss Abbott
z daughter OF Mrs W. l.. Pomeroy by he
J. first husband. Lieutenant Bettini in hi
Office in the Judge building was asked 1
II was true that the Lottimer estate hal
dwindled.
ID 'Yes, " no replied sit is all gono. Mr
ss Bloodgoods affairs and those Of tho estat
es were closely interwoyon. All that Is lef
10 is tho real estate.
t. at is another case like that of Hill,
p said he. Everything was left to Nh
y Bloodgood TO manage Mr.. Lottimer trust
20 ed all to HIM, and no loses with tho othe
y heirs Tho estate was between So, 600, 90
70 and 1000, 000."
Los. of the Ocean Maid.
LONDON, Aug 26.-A BOTTLE winch ha
T. just washed ashore at Arranmore, cor
l., tains the following inscription, signed b
2, III. B. Gilmore: doe o. OCEAN Maid