The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-08-11
NO TRACE OF JOIN PETITE.
The vIce-President of His Real Estate Com
pany Was Once in Prison.

The chief development yesterday in the case
OF John Petit and his real estate company was
the discovery that Alexander c. Quarter. Vice.
President OF the company, In whose namo
property to the value OF several million dollars
IL recorded. and who is one Of the defendants
In the suit begun by William Calhoun in the
Supreme Court last Friday. Is an e~1-convict.
In 1871 he was connected with q private saw
ings institution in Wheeling. W. Va. The in
s%titution failed and the depositors lost nearly
everything. Quarter was sentenced to twenty
years in the penitentiary. but was pardoned
after having served a few years. He came TO
New York Immediately. and has since been en-
gaRed in the real estate business here. He was
Vice -President OF the John Petit Realty Com
pany. but 1t is said that he recently resigned
that o1icc. Quarter admitted that he had
been convicted and imprisoned.
II was q young man when that happened"
he said. 1T all came about from my loaning
money to people who didn't pay II back. l did
not profit by II myself. and l have been living
an honest life here for over twenty years"
Dr.. Henry R. Waite. who holds Pettit's power
OF attorney during his absence. said that he
had never heard about Quarters implication
In the Wheeling matter until yesterday.
Ny opidsPes in him i not shaken; how v,
with every cent I have Tomorrow
DR.. Waite maintains that he has not the
falis sspisiS slSG that tS H !. had fSS een Pe ThsFee eSSton
| OF some OF his employees, at the same time re-
ceivinR a deed from the employee transferring
the property back to himself. which deed was
not placed on file. hut was locked up in Pet
TITS safe; When ewing oEhIG.t to h Pett ntdn disSpp woIo
about to be foreclosed. II became necessary
to have the properties held in the name
OF different clerks transferred to n trus.
safeguard Mr.. Pettits interests. Tending
the selection OF q trustee the different
pieces OF property were TO be transferred to
one person. who could in turn hand them over
fused to allow the transfer Of the properties
held in his name unless he received n bonus for
doing so. When this was not forthcoming and
the. deeds in Pettit's safe had been recorded
Calhoun began the present suit. Quarter was
should be transferred pending the selection IT
o trustee. and this is DIR. Waite's explanation OF
the large amount OF property now in Quarters
name.
In reference TO the factory building on East
Twenty-second street, which is in. Calhoun
name, DIR. Waite said that the deed given BY
Calhoun to Petit for this property could not be
found. but that Calhoun had absolutely no real
Dr.. Waite admitted that Pettit's financial af-
fairs were very much involved. but said he did
for the mans disappearance.,
Lawyer Robinson and his client. Calhoun. eS.
they would win the suit. Mr., Robinson said
\ that he believed John Petit TO be either dead
or insane A story to the effect that Petit
sailed on La BourGoEne under an assumed
Is not credited by those familiar with the case,
Petit has been missing for more than two
months. while La Bourgogne was lost hardly a
month ago.