New-York tribune., 1902-03-08
FILE M'GARRY MORTGAGES.
INSTRUMENTS AGGREGATING S2S7,575
PLACED on RECORD.

Mortgages aggregating S237,575 have been
filed against the estate Of John ]. McGarry VINO
died in Brooklyn on February p. Shortly al'er
noon yesterday Alexander Colby. lawyers OF
No 10 Broadway. Manhattan, began an acuoh
in Mineola, Long Island. for the foreclosure OF
a mortgage of $4,000 against the country home
OF Mr.. McGarry at Lawrence. Long Island
Later in the afternoon another mortgage Tor
$4,000 was recorded with the clerk of Nassau
County at MfneoIa by counsel for the National
Broadway Bank, of Manhattan. This mortgage
covers a plot of ground 100 by 100 feet at
Fourth-ave. and Warren-st, Brooklyn. and
parcel of ground $50 by 500 feet on the south
side of Central-ave.. $40 feet west Of Lawrence
ave, Lawrence. Long Island.
+ The Smith-Platt Building Company, OF New
York. has fled mechanics lien for $3.50
tgainst the McGarry country home at Lawrence
on Thursday the Kings County Trust Company
fled mortgage in the Kings County Registers
office for $4,000 against the property owned
by McGarry at Thrd-ave- and Eighty-hfth-st'
Fort Hamilton. The parcels are respectively
500 by 200 feet and p by so feet The mortgage
was made on January 10, 1901, by John ]. Nc
Garry and his wife. Kathryn NJ. McGarry, and
was to be paid March 1. 1901. The fact that
this mortgage was held so long after it was
payable indicates that the Kings County Trust
Company had implicit faith in McGarry. and
Street.
Another mortgage was filed against the prop
erty at Fourth-ave and warren-st. It is for
$4,000, and was made by Mr.. McGarry and his
wife 10 the Title Guarantee Company on March
IA 1901. to become due at the option of the
company. The mortgage file in the Registers
Office states that the property was conveyed
20 John ]. McGarry by his mother. Della Nc
Garry. on April 26 1901" eighteen days before
the mortgage was advanced.
The total notes outstanding against McGarry
amount TO s11soo0. which brings the indebted
ness UP to S417, $50. Mrs. McGarry. the Coun-
ciirnans widow and administrator, says that all
that remains of his property is worth Slo"V".
which will, Of course. be wiped out, leaving her
penniless
Two Of the McGarry notes have gone to pro-
test. They are one for 100000 held by the Mas
ssu National Bank. and another for Sloou
held by the National City Bank. which was due
on Thursday. The note Of Mrs. Della McGarry
for S43 600 held by the Kings County Trust
Company. is not due until some time in May
Suits viii be begun ny the banks that hold the
r,rotested paper against Mrs. Kathryn M NC
Garry. as administrator of her husbands estate
and against Mrs. Della McGarry as an inoorser.
John 7. McGarry il was supposed, inherited
nearly 81 100000 and every dollar is said 10
have been sunk in reckless and unfortunate
speculation III Wall street. II is IepoI..u 80
there has been bitter quarrel between Nj NJ
John J. McGarry and her mother-in-law, Mfs'
Della McGarry. Mrs Della McGarry, 1t is salu;
Is determined not TO pay her son oepls, ai, ata
Ms Katfrxn NJ McCarrv will try 10 prove the
Fenufneness Of the Endorsements on heT nus
hands notes. II is said that a numper OF otneI
banks hold notes given by McGarry, ana that
they will be heard from within a few Gays a
man who is familiar with the McGarry arlalrs
said yesterday that ne Wog!a sigon I06 100 De '"'
IL the obligations reached Sboooou
1t cost McGarry S30.nVj a year to MAINTAIN
his country home at Lawrence, Long 4slahu
where he had fifteen servants and engineers ana
assistant engineers. TO operate his electric ngnt
ing plant and See plant. II is Thought that IL ne
had lived two months longer the Crash Crash, Nou W. -
his family were not aware Of the extent OF
McGarry's speculations