The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-06-16
COSTLY HOTEL
DR.. Chesebrough Sinks a For
tune Compromise
Effected.

Messrs. DR.. Nicholas H. Chesebrough
and Lawyer William CransGoun yester-
day afternoon in Chanccry Chambers, be-
fore V-ice-cshancel1or Emery, told their
story about the wrangle over the Beech
wood Hotel at Summit. N. j., with Messrs.
Henry ]. e. Doying. William A. E. Doy-
ing, and Arthur S.. Doying. sons of Ira E.
Deying, the present occupants of that
fashionable resort. The latter nave be-
gun a sui. of Injunction TO stop Messrs.
Chesebrough and Cranston from
turning . them on the street, and
at the same time to compel them
to account for $50, 1000 taken from the
hotel by Mr.. Cfanstoun.
Counsellor James B. vr~edenburgh, for
Messrs- Chesebrough and C~ranstsnn, put
the former on the stand, and ne ex-
planned hat as a practising physician
in New York he acquired some means.
and resides now in Hoboken. In
the spring Of 1898 he was spoken to
by Mr.. Cranstoun about loaning money
on property at Summit. He met Ira
Doying, father of the complainant, who
asked him to loan $4,000 to build a first
class hotel, but that he need not advance
the $4,000 all in one sum-, but by INSTALL
inents. The doctor SAID he was assured
that the investment was safe and he
would be paid back when the. building
was completed. To obl:ge Cranstoun,
who Joined in Doying's request hi re-
piled that he was willing to advance the
money on being secured by bond or mort
age Subsequently the doctor advanced
the amount in various sums, receiving
bonds secured by mortgages On the hotel
properly. DR.. Chesebrough said that af-
ter this he found that the hotel was not
more than@half finished, and no work had
been done on it for weeks. No money
could be raised to complete the building
or repay the doctor. In this emergency
the property was conveyed to the doctor
subject ITO a mortgage to May D. Francis,
and one to Sarah Oakley for 1000. When
he obtained title the doctor paid $S1, 900
to complete the hotel and $1,000 to furnish
1t. In addition he owed Lord and Taylor
s26, 600, a balance for furnishing the hotel.
There were also claims against the
property for labor and materials for
upwards of. $25, 600. which the doctor paid,
making a total cost to the defendant of
the hotel property up to July "a, 1894, of
s173, 600.
The hotel being completed, it was leased
to Henry J. E.. Doying and Mary D.. Fran
els. with an option to purchase it. In the
lease was inserted also the amount that
the doctor had incurred. named SIZE, 900 in
building the hotel. and the rent was based
on ar Indebtedness of that amount, to
which was added the probable taxes and
insurance premiums. The rent to be paid
WAS 1850 per year, to be paid in month
were defaulted. No rent having been
paid to DR.. Chesebrough for the hotel
since October 1895 which to May 1885
amounted to 81, S75: This together with
mortgages, for which the doctor is re-
sponsfble, runs the total indebtedness on
which DR.. Chesebrough has to pay inter-
to S220,S7 The Doyings were only ten
ants and not in the position of mortgage
ors.
Counsellor v~redenburgh, for Mr.. CHEESE
brough. added, however, that If the Doy-
ings would give a bond for the money adj
vanced a settlement might be reached.
Mr.. Charles l.. Corbin, for the Doying
Brothers. agreed as to the bond
vtca-Chancellor. Emery would not de-
eide the. Injunction, but thought that
the parties ought to agree as to the Sc
curity for the interest or rent, whichever
the Court might later determine it to be.
Counsellor Corbin gave a bond for the
Deyings in accordance with the Vice
Chancelor's suggestion.
The trial of the cause will be heard on
October l. This will determine the status
Of the DOyingS.