The Providence news. (Providence [R.I.]) 1891-1906, 1897-07-13
Between Mauran and
CranStOn Estates Likely.
Agreement to That End Filed
in Municipal Court.
The Court Asked TO Approve II.
How the Complication Arose.

Another step was taken today looking
20 a settlement of some Of the difficulty
in which the Cranston estate was in
volyed The surprise of the community
on hearing that the c, ta.e of suppos'
edly rich man was insolvent has not yet
wholly subsided and there is considerable
interest In the settlement Of tie business
by Administrators David ;. Baker.
The controversy bstween the John L.
Mauran estate and the Cranston estate,
involving considerable sum OF money,
has taken another turn with likelihood
OF satisfactory settlement to all concerned.
An agreement of compromise and settle
ment with David =. Baker administrator
Of the estate of Henry Z. Cranston and
John 4. Mauran. administrators of the
estate OF John Il. MauraD. has been tled,
and the Municipal Court has been asked
to assent TO the agreement
The John 4. Mouran Manufacturing
Company of this city the Blackstone
landCompany are claimed TO be indebted
20 the Cranston estate In large sums OF
money. Henry &. CIanston in his life
time was administrators of the John Il.
Mauran estate, and the settlement set
'orth in the agreement Is to avoid litiga-
lion.
The agreement provides that William l..
Mauran shall pay in cash TO Adininistra-
tor Baker 5000 That Baker shall sur
render to said William L. Mauran note
of said William l.. Mauran for SO, 900
bearing dato of July . 1895, and shall
surrender and transfer all the stock Of the
John 4. Mauran Manufacturing Company
pledged "a collateral for the note, and all
said stock in any way under the control Of
Administrator Baker.
When this Is done there will 20 general
release of claims OH the Cranston estate,
a st..ta n..l. 81. LnIa
release OF all the CrGnston estate claim
on the Mauran estate. Also that Baker
shall surrender and deliver 20 Sarah W.
Nauran the following securities and
certificates of stock in his possession:
Certificate for IL shares National Bank
Of Commerce; 30 shares New YORK, New
Haven a. Hartford Railroad Company;
10 shares Nicholson File Compsny; l64
shares Rhode Island National Bank; 30
shares Illinois Central Railroad Company.
Leased lire certificate for seven shares
illinois central Railroad Company ceTtiti-
cate for 10 shares American National Bank
Of this city; 10 shares West End Street Rail
way Company; two shares Providence and
Worcester Railroad Company; three shares
Consolidated California and Virginia
Mining Company; decd of pew NJ 40
First Congregational Socictys church
and all other stock and securities standing
in the name of said Sarah W. Mauran
which Were IN the possession of Henry &.
Cranston at the timo OF his DEATH and
which came into possession Of Admins
traitor Baker.
The stock of the Blackstone Land Com
pany transferred TO Baker as admini-
traitor cannot be disposed Of unless no
cording Co agreement. TIE Maurans. ii
they see lit can purchase the stock Other
wise Administrator Baker can sell the
stock mt q price not below that named in
She agreement
II Is also agreed that nothing in tho
agreement shall in any way release or
preiudice any claim Of the estate OF said
Henry &. Cranston against tie West Elm
wood Land Company.
Tho agreement was allowed by the
municipal court this afternoon.