New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-03-10
CHARGES BY MRS. BORROWE.
cur ASKS FOR THE REMOVAL OF THE
coRBIN ESTATE EXECUTORS.
THE PLAINTIFF ALLEGES THAT THE PROPERTY
VAS BprN so MrsMANAcED THAT IT rs
IN DANGER OF DEsTRUCTroN-HER
MOTHER BROTHER
BROTHER 1N~LAw DE-

MOTHER. BROTHER AND
BROTHER IN-LAw DE-
rpNDANTs
Mrs Hailett Alsop Borrowe. a daughter Of the
late Austin Corbin and a legatee and benehc-
larry under the will of her father, has brought
a suit in the Supreme Court against her mother
Hannah NJ. Corbin; George s. Edgell. her
brother in-law. and Austin Corbin. her brother
both individually and az executors and trustees
Of her fathers estate: and against Isabella c.
Edgell. her sister. and AustinAndre Champolon.
her nephew. for an accounting OF the estate.
She also demands that the executors be removed
and that receiver be appointed administer
the estate that the debts Of the estate and the
legacies due therefrom may be paid; that any
losses caused to the property by their misman.
agement may be repaid by them: that they all
account for all salaries received by them as
officers OF corporations controlled by them
through their control Of stocks belonging TO the
estate. and that the defendants Edgell and
Austin Corbin be required to account to her for
securities withheld by them from her. which
were left to her by her father under a provision
in his will constituting trust Of $4,000 for
her. and under which trustees may be appointed
10 constitute this trust and other trusts created
b. the Will
Inc pdlntlH mas ALREADY instituted proceedings
before the Surrogate Of Suffolk County with
reference TO the payment to her Of two legacies
OF $500 and 100000 respectively, which she
alleges she should long ago have received.
Mrs. Borrowe. In her complaint drawn by her
attorney. Robert Kelly Prentice. alleges that
Edgell. besides being executor and trustee
contends that ne Is creditor Of the estate
Austin Corbin her brother. she says is debtor to
the estate in a large sum.
Her mother. Hannah N. Corbin who is an
executrix lives the plaintiff says. in Suffolk
County. The defendants Isabella c. Edgeli and
Austin Andre Champolion are. she states lega-
tees and benehciaries under her fathers WILL
and have refused to Join with her party
plaintiffs.
Mr. Corbin died on June 4. 1898. at Newport.
y. H, and his will was admitted TO probate by
the Surrogate Of Suffolk County on July 81,
1896. Mrs. Corbin is. the plaintiT states, Of ad-
vanced age and In delicate health ard with
business experience and was. during her hus-
bands lifetime. wholly guided by him in matters
Of business
Austin Corbin, the complaint SAYS.
undergraduate al Harvard at the time of his
fathers death. and Is now twenty-three years
old. He is also alleged to be without business
experience and. as well as his mother, to be
completely under the control and influence Of
the defendant Edg:ll. who has since the death
OF the testator had sole direction OF the affairs
connected with the property. Mrs. Corbin now
lives with Mr. and Mrs. Edgell, and has. the
plaintiff AYERS. been kept in ignorance Of many
material facts and misinformed by the other
executors, and no charges Of malfeasance are
intended TO be made against her This state
rent is also made with regard to the defendant
Austin Corbin.
NO APPRAISAL MADE
The plaintiff alleges that no appraisal of the
estate made by the executors. as directed
by law, but says that in the summer of 1890
they furnished her with document purporting
10 be such statement, which placed the asgre-
galesyalus Of the property at 81 43l 800 IA She
saws she believes the liabilities against the es-
tate amounted TO about S2551 OOO and that In
stead II promptly liqudating this Indebtedness
The executors have continued TO borrow moneys
and have paid large sums for interest charges
and have neglected to collect moneys that might
with ordinary diligence have been collected and
have squandered large sums In specuatiOns and
for other improper purposes Transfers have
been made by the executors II is alleged TO
Austin CorbiD of valuable assets OF the estate
as an alleged legacy withou. law or authority.
The defendant EdgeD in order to promote his
personal interests has it is averred prevented
estate and has procured the sale Of other secu-
rifles 10 his friends and associates at less than
their fair value.
The executors have 90 mismanaged the estate
the plaintiff alleges. that II is for the greater
part non-productive, and the expenses and in
terest charges are largely in excess OF the cur
rent income. She charges that unless they are
removed the estate will be rui1;ed Her action
will be she saws. for the benefit Of her mother
and brother. as well as the Others interested in
the estate. She believes that the defendants
~
have incurred and are incurrinS great personal
liabilities 70 the great danger Of the estate.
The defendants Austin Corbin and Edgen
were entitled under the Will or the teStatOr. 10
take over the business Of the Corbin Banking
Company on such terms as they might agree
upon Corbin not to have less than half inter
est IN the business and were 10 be permitted 10
allow Andre. the nephew of the plaintin, to &C
quire interest on such terms as AUSTIN CorDn
and Edgell thought fair
HER BROTHERS CLAIMS.
Notwithstanding this provision. the plaintiff
says that her brother by the advice Of EdgeI
has claimed a half share In the bank as legacy
and has claimed the right 10 take over the
other half for the arbitrary and inadequate sum
Of SJi059 No proper assessment, the plalntiIt
alleges was made OF the amount which Austin
Corbn should have paid for the half share
bought by him. and she declares that he Is IN
debted 10 the estate for a much larger sum than
the $lOS,l1 at which the haif snare Is dp-
praised by the executors
The Sunnyside Company was chiefly owned by
The testator. but between four hundred and fve
hundred shares had been. prior to his death IS
sued TO Fdger and after the decedents oealh
@bacame president Of the company. Inc plain
TN AYERS that the Sunnyside Company was IN
dsbed 10 the Corbin Banking Company 10 tne
extent OF ST9619, and had on deposit %on o sn
banking COMPANY between S4p.OO ana STVW"
After the defendants had taken possession Oh
the interests In the companies this Indebtedness