New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-08-24
SUES H. W. N'VICKAR
Nrs. Mary Cruger Asks 81, 300
The Late 5. J. r. Cruger accused.

Mary Cruger. Of No p West feminist widow
OF William J. Cruger has begun suit against Henry
w McFickar. Of the old Mcvickar Realty Trust
Company. To recover $1,000 money which II is
alleged, was Incorporated by the late stephen
Van Rensselaer, Cruger who, It is declared was IN
business with Mr.. McVickar I'D 10 January ! 1897.
III 1888 W j Cruser was entitled TO interest
~ the estate Of Joshua jones' amounting 1850
-" MI Cruger was not familiar with business
affairs or The investment OF property having lived
most or his life in foreign countries. and the firm
O ; Van Rensselaer, Cruger & Co. Mrs. CrUger
adlrrls. knew this We'll The complaint which is
long, and says that or about August ! 1855 the
HFna OF = Van Rensselaer, Cruze- & Co. ascertained
that tho executors OF the estate of Joshua Jones
We're ABOUT 10 ma he payments TO ". ]. Cruger and
requested Mr.. CruseT 10 appoint 5 Van Rensselaer,
Kruger as his attorney 70 represent his interests
beIore asking for this power attorney The com
plant says that the firm opened an account with
w j CruSer IN anticipation OF his recent OF his
snare In tire Jones estate. The complaint goes
on 10 say that 5. Van Rensselaer, Cruger & co.
received S26o5is Il from W J. Cruger al various
times, with power TO invest and reinvest the
moneys under agreement that the firm should bA
entitled 10 a reasonable compensation for its
services.
The complaint declares that it was also agreed
that tho firm should keep two accounts. one of
principal and one Of income and that the firm
should invest the moneys only in bonds secured bv
first mortgages on real estate in New-York City
or IN hrst class securities with the right to in
vest temporarily part OF the moneys until a perma-
nent investment Of the character described could
be found
The complaint then goes 10 say that the firm
Of S Van Rensselaer, CrLger & Co. with intent 10
deceive and defraud W. J Cr71ger did falsely pre-
tend 10 Mr. Cruger that investments in first mort
gage bonds on New-York real estate difficult
10 OBTAIN, and did. as a temporary investment, pay
to ; Van Rensselaer, CrUger $4,000 On this loan
) Van Rensselaer, Cruger paid. it is asserted.
per cent a year Twenty-Five thousand dollars il
IS asserted, was later borrowed on the same pre-
tence.
on February p. 1880, the firm IL is declared told
w j.. Cruger that these two loans had been re-
turned TO him and reinvested in first mortgage
The complaint continues to say that the firm Of
Van Rensselaer, Cruger & Co. fraudulently repre-
sented the corporations known the Florida West
Coast Improvement Company and the Silver
Springs, Ocala and Gulf Railroad sound. solvent
and prosperous corporations and persuaded W J.
Kruger to put his money into them.
\ Van Rensselaer, Cruger died on June ., 1898
counsel said that only s220OO OF claimed
IN the suit had been paid. and that the has
no property with which 10 pay the balance. W J.
Cruger died on April :. 1880
MI. McN ickar denies any responsibility for the
claims made by Mrs Cruger. and says that he had
no part IN the management OF estates.