New-York tribune., 1896-08-28
AFTER THE BIG FAILURE.
THE LIS PENDENS IN THE STEWART
ESTATE LITIGATION.

THE LIS PENDENs IN THE STEWART
ESTATE LITIGATION.
DENIAL THAT 1T AFFECTED THE EFFORTS TO
RAISE NEUTRALITY-SUSPICIOUS. FOR THE
PURCHASE OF HILTON. HUGHES
! CO.'S sTocK-woRK on THE
FIRMS BOOKS.
At the store OF the suspended firm OF Hilton
! Hughes & Co the preliminary work toward the ap-
piaisement OF the stock and the making up Of the
schedules Of Indebtedness and creditors was begun
: cary in the morning. Manly VI. Gillian. the general
manager OF the business. G. B. Cox. the financial
manager and various heads of departments assisted
| in this work The entire staff Of clerks have been
temporarily employ "a. and they were engaged yes
! ,eldav in balancing the books and compiling the
amount Of wages due to the 1.oA employees. While the
scenes of excitement that prevailed in the vicinity
Of the building tho previous day were not repeated
yesterday about so Old employees were early on hand
anxious to obtain some information as to the pay
ment OF the money du' them Mr.. Gillian SAID yes
terday thar each omploye would receive every cent
owing to him within the next few days ana that all
would get notice OF the day appointed for their pay
mcnt.
Neither ex-Judge Hilton Albert B. Hilton was
in town yesterday. The former is still at Saratoga
while his son is in secuson at his country place in
GreenN ch Conn.
EFFIE DEANS'S SUIT.
The suspension of the firm still discussed with
some animation in drygoods and other business circles
Yesterday Many diverse statements foated around
as to the immediate Of the failure. Among
these was one 70 the the strngency OF the
money market was not 50 much the reason OF Judge
! H.ton's inability obtain accommodation as the
fact that the had been lied by the Ming OF
lis pendens against the Hilton property in New-fork
| .bora Tlpa NJ
for Miss Eiie Deans suit brought 10 set aside
the will dsposng Of the Stewart estate.
| To "A Tribune reporter ex-Judge Curtis said yes
! terdav afternoon: Yes it is true that have
| filed a lis pendens against all the real property
! OF Judge Hilton that | find in the 'ity and
county OF York. and that, Of course. accounts
| for the fact that money could be raised by
mortgage his real estate. because no lawyer
will permit a client to advance money on real es-
tate where the title is couded. There can be no
! question that strenuous attempts have been made
! by Judge Hilton in the last twelve months to
raise money on his real property. but the loan
has been refused for the reason that have given.
J Many lawyers in that time have called upon me
requesting to inform them as to whether or
not Judge TIiltons title the Stewart real estate
was contested simply gave them. as give you'
the truth I'm answer"
THE REALTY INVOLVED.
Being asked what property affected by the
lis pendens Judge Curtis replied THE property at
Broadway and Chambers-st. known as the Stew
art Building: the promises known the Metro
politan Hotel property. the Depau block I'm Beeck-
er-st the building known the Old London
| Street in Broadway the Manhattan club prop
crty, the Grand Union Hotel at Saratoga. and tho
| Garden city property. A. Garden City, Long ISL
! and. Two Of these pieces Of property have been
recently purchased. by II. o. Havemeyer, the
other by D. O. Mills In these litgations APP
pcared for Miss Ehe Deans; John F. Parsons APP
| ArIor nd G.
| Murray for D. O. Mills and Joseph II Choate.
Elihu Root and ex-Judge Russell for ex-Judge
/ Hilton"
STATEMENT OF EX-JUDGE RUSSELL
Ex-Judge Russell also seen. and when the
! statements in the foregoing interview We're men
toned him. he said it untrue that the
! fling Of the lis pondcns in any way respon-
| sble for the failure to negotiate loan twas
due. he said. entirely to the tightness Of money,
and he pointed that Judge Hilton owned other
had been filed.
INSPECTING THE STOCK
The stock Of the firm inspected yesterday by
several people belonging in this city and other large
but offers Of purchase were made except
few speculative ones that could be entertained
by tho assignes. 1t is probable that no really bona
hde offer will be made for the stock until after an
| inventory ha. been taken. The work in this drec-
tion will be fairly begun tomorrow, with the aid Of
force of 2cD assistants Assertions have been
]
! ing for buying the stock but this vas denied yester-
day The segel-C Cooper Company have, however.
pended firm, and it is believed that before the end
! of the week other large numbers will receive
3 plOyment in the new SiXth-ave. store. 1t Is under
/ stood that Charles Hogan. the manager Of the
| manager for Hilton. Hughes & CO.. has lntimated
lis Willingness to take over most of the heads OF
| departments belonging to the latter firm.
PROSPECTS FOR THE CREDITORS
The prospects for the creditors Of the firm do not
! now seem bright they appeared on Wednes
dav 1t said yesterday that the Bell Haven
estate at Greenwich. Conn. which reported
be owned 10y Albert r. Hilton. was not really his
property. but belonged his wife and was heavily
mortgaged. The only available assets belonging to
Of which is not known is said TO be an equity in
| the stewart carpet Mills Little Falls the mer-
chandise and s6p)Go Of lfe-insurance policies The
! latter asset. however. has already been hypothe-
Gated with the bankers who advanced money to the
business
! Boston. Aug 1.-THE total estimated liabilities to
Boston shoc-dea ers of Hilton. Hughes 4 CO., OF
! w-York il over $4,000 It is also reported that
shoe manufacturers throughout New w-lingland are
creditors 10 a considerable extent The firms
in Boston are small and scattered among sev
eral houses and In most cases the amounts will
exceed >-.ccp.
OTHER LOCAL BUSINESS TROUBLES
CARPET FIRM FAIL. WITH LIABILITIES
PLACED At sGoCo.
! White & Spate dealers i'm carpets. at Nos 81 and
go and No. ll9 West Twenty-third-st.. failed yes
tcriay and Deputy Sheriff Lipsky took'chargc OF
both stores on executions from Burr q De Lacy
for ss6 sa2 The first ntmation OF any trouble
the filing Yesterday Of confession Of judgments by
the firm to Charles II. White for 800 John Egge.
+ s. Oi0 and W & i. Sloane. sl5SG. The first two
claims are on notes and the third FOR carpets The
partners are Samuel Whit" and oscar f. Spate
They formed the present firm in August 1884, with
a claimed capital Of $1,000 and Mr.. Spate had the
/ n he ltls Mr