The Providence news. (Providence [R.I.]) 1891-1906, 1901-10-04
INCREDIBLE
IGNORANCE.
Perry Tiffany Displayed Il In
His Business Affairs.
He WAS AN ADMINISTRATOR.
But Failed 10 Discover Assets Belonging I,
His Brothers Estats-Repst
Of fhS Referee

New York, Oct 4-was Perry Tiffany.
well known society man. guilty OF
perjury and fraudulently concealing his
assets?"
Or did he show Ignorance OF and in
difference TO ordinary business affairs
closely related TO his own comfort, such
as would hardly be conceivable even in
a person OF immature years and utterly
devoid of experience?"
Il am inclined to think that the latter
was the case" says Nathaniel A. Prem
tiss, referee I'm bankruptcy at No l20
Broadway, 10 whom the case Of Mr.. Tif-
fany was referred.
Perry Tiffany OF No. l52 Madison
avenue. is a grandson OF the famous
Commodore Perry, of the United States
navy. He is "A son-in-law OF Theodore
Havemeyer, sugar king.
His petition I'm bankruptcy was filed on
Dec. "a. 1900. The liabilities were stated
TO be sS3.S97. Several months ago he APP
piled for a discharge in bankruptcy, and
the petition was opposed by the First
National Bank OF Hoboken. one of his
creditors, on the ground that discharge
would be unjust.
The hearing on the specifications was
referred to Mr.. Prentiss. who took con-
in favor of Mr. Tiffany's discharge.
The bank alleged that Mr.. Tiffany
knowingly concealed property belonging
TO his estate I'm that he stated I'm his
schedule that he was possessed of n one
fourth interest in the estate OF his
brother William Tiffany, which was in
solvent, whereas in fact the estate had
assets amounting 10 $6550 besides vested
interest in the estate OF his father, George
Tiffany. and that he did not include in his
schedule one-fourth vested interest In
the estate OF George Tiffany.
The report of Mr.. Prentiss shows that
in regard to the first specification the
bankrupt had been originally appointed
administrator OF the estate of his brother
William, had subsequently filed his ac-
counting showing no assets. and had been
discharged as administrators.
Belmont Tiffany. another brother, was
afterward appointed administrator
and assets OF the estate to the amount OF
5000 were discovered
II was also discovered that the estate
of William Tiffany was entitled 10 a
vested remainder amounting to n one
fourth interest in the estate OF the father
George Tiffany, afterward the bankrupt
obtained leave to amend his schedules to
include this vested interest
Perry Tiffany said i'm regard 10 his mis-
statements as TO the solvency of his
brothers estate that he did not know at
| the time he verified his petition that his
successor had discovered the assets He
also took oath that i'm regard to the in
terest OF his brothers estate and his
own interest In the estate OF his father
and brother he thought ii all went to his
mother. He afterward amended his
schedule In this particular
1T was the result" said Referee Prem
t!ss, "of rarely eQualled and almost in
credible ignorance and neglect displayed
by Perry Tiffany in regard to his own
affairs. All his estate I'm the world IS
now fully set forth and at the disposal
OF creditors through the trustee in these
proceedings. do not think the specifica-
tions have been maintained. and the
young man is surely entitled 10 re-
lease"
The report OF the referee has not Yet
been called up before Judge Adams, Of
the United States district court, for con-
firmation, but can be at any time by
giving the necessary notice to all per-
sons who have appeared In the matter.