New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1901-12-01
DISPUTE OVER THE HOUSE OF LORDs.''
HEIRS OF IT'S OWNER WANT EXECUTOR REMOVED
rEEy SAY HE UNpERsoLD THE PROPERTY.

1prps OF IT'S OWNER WANT EXECUTOR REMOVED
rrEy SAY HE UNpERsoLD THE PROPERTY.
The sale Of the House of Lords a well known
saloon at Crosby and Houston SITS, was the subject
Of a controversy before Surrogate Ihomas yester-
dav He reserved decision on an application by
Mrs Rose Cogan, a sister OF the late Lawrence d.
LYNCH for the removal of John henry murphy d
LAWYER of No 80 Broadway, and her nephew as
executor and trustee of Mr.. Lynchs estate Mrs.
Coean and her sister-n-law, Mrs Lynch appear
&c eeparaI guardians of their children. Peter
Cogan Kathryn Cogan. Charles Lyncn ana Neile
Lynch each of whom was left one-sixth OF the
property of their uncle
Mr. Murphy represented oy Maurice Onter-
r,ver of Guggenheimer, Untermyer & Marshall;
Mrs Cogan had as counsel Michael j. Seaman and
the Lynches David B. Tees and Allan McDermott
Mr. Murphy and his sister. Mary Louise Murphy
were also left one-sixth of their uncles properly
each. but Miss Murphy has assigned her share to
her brother so that he owns one-third of the
entire estate.
The petitioners declared that Mr. Murphy with
out their knowledge and consent. sold the property
known the House OF Loros ior So-'o'' whereas
it worth $4,000
After Mr. Lynchs death Mr. Murphy gave Charles
stefrens the tenant of the saloon. lease for hve
wears and eight months at 5000 year he mao
Maid the income due to Mrs. Cogan's children and
the Lynches regularly, but had sold the House
~ Lords" counsel alleged, for far less than its
value while he had written a letter in which he
said the price be paid the estate for tie property
IT. r be ss eSS 'h sad Wan
pr% in fron pss essa te $500 a Vae the
Some time after his uncle's death. Charles Stef,
fens. the tenant of the House of Lords.
asked Mr. Murphy TO give him lease of the
premises which he had he'd for many years IRON
tenant he did So, said Nj untsrp FIye r HE
valuation being based on the rental OF 5000 He
afterward found that the saloon bore an unsat-
isfactory reputation. and that Its condition was
such as 70 render il likely to be condemned by
both the Sanitary and Fire Departments He then en-
several we'll known real estate men at a price or
500 600 Among others was William NJ Ryan
who said the property was not worth more imam
SIS 600 at the outside: that the property Wouio de-
terorate instead of increase in value as the neigh
borhood had changed entirely Iae only pld MI
Murphy received for $685. which all
parties interested In the estate re]ecteo. AFTER a
wear he offered the property at socUU ana at last
received bid for $50 900, which ne thought wen 70
accept Mr. Murphy was especially actuated to sen
property because he had learned OF its unsaVory
reputation -. ...,zs. 81
Mr.. Untermyer said Mr.. Murphy was satisfied sat TO
make the price to the estate SSoUU, ana tierepy
sacrifice nearly $1,000 to his relatiyss because ne
thought he had been remiss in not informing them
of the offer Of 1880 and his intention TO sen az
that price and because they had previously refused
the offer OF 81, 900.