New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-07
JOHN PETTIT'S ABSENCE.
mr. WAITE SAYS HE IS TAKING A VACATION

r.. ~
AND WILL NO DOUBT RETURN SOON
Although the prolonged absence or mysterious
disappearance 1t IS termed in some quarters. Of
John Petit is causing considerable stir In real
estate circles. Dr. Henry r. Waite. who was as
socatcd with Mr.. Petit in the John Petit Realty
Company ard who Is Of the defendants in the
action begun by William Calhoun to set aside deeds
TO certain properties In Pine, God. Water ana
Greenwich SITS. asserted yesterday that Mr. Petit
would return to this city after enjoying vaca-
ton If which he was in great need DIR. Waite
said that Mr. Petit left here about the middle OF
June without planning any definite destination
beyond saying that he would first go to Boston,
and that he wished for time to he free from
business worries. His subsequent plans would be
determined merely by his nclinat atoms OF the mo-
ment. In an interview yesterday Or. Waite con-
tinued:
Calhoun. who Is bringing this action, was FOR
merry clerk employed salary by this COM
pany. Mr. Petit for business purposes placed some
real property in his name, and after certain lapse
of time had the property recorded In his own name
Calhoun has no real claim to this property, as VIII
be shown when the action comes to trial next
week"
Or. Waite added that, while he did not know the
present whereabouts OF Mr.. Petit. he believed that
the publicity given to the suit would bring MIN
back Immediately.
Some Of the reports which appeared yesterday
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wealthy Some real estate men SAD yesterday
that this was not 4 year ago he Incorporated
two of his best properties the Bennett ana bech
man buildings, and II j. said that ne was ihuuSeu
to take this step ny monetary diilcultles "Ihcn
came upon him because OF the trade strlnsehclcS
of tn. last year Or. Waite while denying yester-
dav that the Petit Realty Company had Dad imam
cbiI reverscs, admitted that ITS business had SUI
f,rcI the same atural depression that othef ous
ucsses had. The New-ICrk Life Insurance Vn,-
many which holds a mortgage on the Bennett Duli-
ing is reported 10 have placed receiver 81 reHts
in ne building under the powers contained III ''
mortgage on the property .,,.
Wfi.iam Calhoun. who was In town yesteruhS.
talked freely Of Petit While he would NOT say
that ne was Mr. Pettlts partner: ne was Tree ~
roufess that he closely associated WIN nun ~
many cf his real estate transactions III I.CcI'
wears He described Petit rs man or eredt re-
sources and remarkably shrewd IN business tia'is
a.fsous lie was who did not dihN' ~ 49,
smoked only IN moderation, calhoun s'tlu ,.
only habit knew him TO have wnlch may -
affected his nerves was taking quiihe euI'."u
was and | suppose still Is. his great antido'e ioi
rolhoun said he could give no other reason i S
NJ pcttft's disappcaranCc than the one ina ~
mad dccded to Withdraw from his puslhesss a.
riatlou with him calhoun ana MAKE nun hnth
ali tho trouble % the business anars III VIII" mn 49,
he and Pettt found themselves inVolEeu. - ~" -
ONT This statement. Mr.. Calhoun rel"rrtu ~ st.,
foreclosur. OF a mortgage on one or me PlpP'' tIo
involved i'm the suit which he had broutn' -
said he had Just received notification OF inc i'
closure.