The Providence news. (Providence [R.I.]) 1891-1906, 1901-11-27
POLICY IS A
HIGH ROLLER.
Court Decides That He Cannot
Give Away His Property.
HIS CREDITORS WILL PROFIT.
IrsssfG Of House 10 q Woman for a Win
Was FligrsuiIJ wrsng, Iutss Me-
Adam Declares
HIS CREDITORS WILL PROFIT.

New York. Nov. TIA High Roller. by
One OF Them" might we'll he the title OF
the story told TO Justice McAdam in the
supreme court by Grahams Policy. bon
vivant and prince or sperders. lt was
an instance OF how good fellow gets
- rid OF his naQner, and when Judge Me-
Adam had heard IL all yesterday ne
summed IL up this way:
HIGH ROLLER-A term which aC-
cording 10 his evidence. means a sporty
man who rolls round during the night.
an overgenerous man. a spendthrift and
giver of wine dinners and entertainments
to friends. in which sobriety plays but a
small part
Policy had an exciting time while being
cross-examined by samuel Untermyer.
counsel for Miles NJ OBrien. who a.
trustee OF bankruptcy for Policy sued TO
OF the property No. s5 West Eighty-sev-
enth street 10 Lillian q. Cavanagh. also
known as Lillian Armstrong. on the
ground that ~ was made FOR the purpose
OF defrauding creditors.
OWED sso,oo TO f. s. STOKES
Policy WAS formerly proprietor and also
treasurer OF the Hoffman house. and dur
ing recent years became involved in hi
CATION with the late Edward $. Stokes.
Prior 10 going into bankruptcy Policy
owed Mr.. Stokes $40. 0O0 and had been ar
rested on q charge Of perjury. Az one
time Policy was worth $4,000
Policy on taking the stand testified chat
he was unmarried, and in October. 1898.
when the alleged conveyance OF the
Eighty-seventh street property was made.
lived az No. li7 South Main street, Brook
lyn.
Did you ever live at No. IS West
Eighty ty-seventh street, asked Mr.. I'm
Never in my nfe.'' replied Mr. Policy.
II paid $4,000 In cash for IT, That rep
resents the equity
How long. after yon bought II did you
transfer it,
IA few days"
And 10 whom"
Lillian @. cavanagb'
Wash she related q. you or to any
member of year family ?"
NO. sir"
Did she ray YOU any money when you
conveyed the property 10 her?'
Yes. sir. II was for 500.
She paid you sloo fo the house that
YOU had paid $1,000 for two DAYS beforeg'
How long have you known herr
II knew her fifteen or sixteen or seven
"By the way inquired Mr.. untermyer.
how much furniture did you have ia that
oh mere bagateile." replied Policy,
with feeble effort at a smile II don't
think the whole thing cost me over seoop
odd. "
HIS GIFT WAS A ''wHIM.'
Mr.. Policy was questioned as tn why
he had given the property To Miss cava-
"oh. . il was free gratis he replied.
smilingly.
Just as = whim.
You gave her money, didn't you?''
Il did not give her any amount of
money. could not tell how much"
"As much as al5.o0o, IN addition to the
fnrniture?"
NO such thing"
Can you give us any idea where all this
money OF yours VENT
II spent it"
You were not drinking man"
Yes. ! was
You could not spend more than a few
thousand that wayI
You don't know how much 1 could
spend that way. I was AZ that time q
drinking man I spent a great deal OF
money between October lscS and 1892 "
Mr.. Policy went into an explanation. IN
which he stated that after the death OF
his brother DAVID he drank very heavily.
lie denied that he had been compelled 10
eat his meals with the servants at the
Hoffman house
legged conviviality was taken up Mr..
Wray asked:
You were high-roller uptown. were
YOU not2"
Yes"
And gave nice dinner parties and had
caterers"
Yes. sir. spent a great deal ot money
that way
And you were actually intoxicated for
periods OF timef"
yes. sir; most of the time.
Policy admitted that he had inherited
much money Truru mrs brotif@r-paLAi liz
insisted that ne had good memory and
was sure that he received the 500 from
Miss Cavanagh on the day he gave her
the deed.
Where was Il she gave IL TO you?''
ION the street l think. In Broadway
between Forty-iirst street and Forty-sec-
ond street"
Justice McAdam. In announcing his de-
cision. said:
The grantor CPolley) became n reck-
less and profgate. going from bad o.
worse. so that he was pleased while upon
the witness stand 60 acknowledge him
self high-roller
CONVEYANCE SET ASIDE.
"The interest OF the grantee CMlss Cav
anagh) is also apparent She knew that
the gift TO her nf sl5.Ooo worth ~ prop.
erty was not only unmerited. hut ns-
grant wrong upon the kinspeople or cred.
itors OF the grantor.
she neither knew nor cared which class
was wrongcd. Under such circumstances
II would be entirely inequitable % pcr.
nit her 90 retain this property tho gift
~ n profigate mind, 20 the prejudice n
honest creditors OF the donor
Justice McAdam ordered the convey
ance set aside. and as q result of his dc
ci-ion the estate OF the late Edward s
Stokes will benefit to that extent.