The Providence news. (Providence [R.I.]) 1891-1906, 1897-12-11

Rickard
Stories OF withheld moneys are spring
ing up on every side as the situation be.
comes known. As 10 tho affairs of Rick
ard. and Of the RickBrd real estate COM
panles. IL is impossible To get any idea.
Everything is In confusion. MIR 5. W.
Hilvert, named in the dtrsctory as a
member of tho Richard corporation.
dealer in real estate and mortgages, rep
resents Mr.. kickard ia his absence Mr..
Gilbert \. Phillips president of the
Manufacturers National bank, represents
Mrs. Riokard. These gentlemen have been
overwhelmed by the hurricans OF inter-
rogations OF the past few weeks. IL IL be-
lieyed that no one outsids OF Mr.. kickard
himself can really tell much about the
condition of things ana some of his
friends say that they don't believe he
can. All that any body seems TO know is
that, In the most general way. Mr. Rick
ard has gone of at a tins when lac Is
badly wanted TO meet a lot Of obligations
and 20 account for lot more of trust
funds and the income thereof.
Several gentlemen creditors uf the Lud-
wig Company and MIR. Rickard stated
that Mr. RicSard shad been taken to Ia
place OF coniineDient Mr.. Phillips Of the
Manufactures National Bank stated that
MIR. kiokard was ordered away by his
physician about two weeks ago. 1t must
nave been since that because Mr.. Rick
ard = singature was placed on "A mortgage
rec lrded at city hall, eDec. /. Last week
a a.mortzags aggregatng about 5000 was
recorded at city hall Ihe persons to
whom they were transferred We're "A bbie
NJ. phillips, live mortgages, and six mort
cages 20 Henry Nalieau.
Yesterday ton mortgages were recorded
at city hall transferred 60 DIR. Oliver III.
Arnold by hickard, aggregating about
S1L 900.
Dr. Arnold, when interviewed by a
Nwes reporter, sappearsd to b. very sangry
Mt the question, where is MIR. Rickard. u
lie replied II DO not know - aha the con-
versation terminated abruptly, DIR. Ar
mold refrs ng TO talk.
1t is IN lerstood that the mortgage
transferred TO DR. Arno q ware held In
trust by him, sand that heshas been using
the interest ana funds aocruing from
them ana the creditors affirm they know
nothing OF the disposition OF the funds
These mortgages we're really transferreu
from time 10 time since last June. bat
they were not recorded until yesterday.
Theirs was a meeting OF the creditors of
the Ludwig Company yesterday, and
Arthur IleDius of Bruhl Brothers, Alfred
Krower OF Albert Lorsch ~ CO., Gilbert
A. Philips ofsthe Manufacturers National
Bank. were appointed a: cominittoe To IN
vestigate the condition OF the Ludwig
Company.
There was another meeting Of the Lud
wig Company's creditors in the Manufac.
turers bank at noon today. The liabilities
or ths company are about $780, 600, and the
ssets stated at Sl5 900. Bruhl Bros.
Lorsch a. Co., and the bank are the
~eaviest creditors. the latter TO the ex-
mt OF about $40, 600. Nearly all the credi-
.Jrs ara local
1t is kundor stood from those intimate
with Mr.. .Rickard' AFFAIRS that he has
been raising funds for some purpose un-
known to them for the past six or eight
monhs
According TO the tax book, William w.
| Rickari Is taxed for s25 4S0 real estate
The Richard company is taxed for s6l, AGO
| real estate. As trustee for the W. d.
| Hatch heirs, kiohardpis taxed for $500
real estate and $40. 100 personal property.
| As trustee for Arthur A. simmons Rick
~ Is taxed for 500 real estate.
4 II Is said ha the kicknrd real estate
| , ad n good deal ot the Richard company :
ca estate Is rotty thoroughly blan keted
with mortgages
| An inquiry made recently at tho house
OF Mr.. Rtckarl, i33 klmwood avenue.
| Cevelopeu TIL
"Where is Mir. Rlckardg"
'"Gone away for his health /"