New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-01
SULLY INQUIRY TO-DAY,
Hascley and Ray Expected to 90 on
the Stand.
FORECAST RECEIVERS REPORT.

Henry ". Taft and n. H. Miller. the receivers
OF Daniel ]. Su!ly & Co. and their counsel were
in conference until late hour Yesterday afternoon
at the FIRMS Office. presumably going over the
ground to be traversed in the examination of Edwin
Hawley and Frank II. Ray by Elihu Root. asso-
ciate counsel for the receivers. That examination
is set for Il o'clock this morning before United
States Commissioner Alexander. sitting as special
examiner.
Asked about ruro-s that postponement until
the first OF the week would be asked and granted
John r. Dos Passos. attorney for Mr.. Sully. said
that the case would surely go to-day. The re-
cevers said that they knew Of no prospective ad-
journment but admitted that this was entirely
matter Of courtesy among counsel
The law firm OF Davis. Stone & Auerbach is coun-
gel for Messrs. Hawley and Raw in the sully mat
ter and It is probable that Joseph s Auerbach, OF
that firm. will look after the interests Of the two
alleged partners OF Mr.. Suliy at the inquiry before
the special examiner.
40 schedule Of the assets and liabilities OF the
failed firm has vet been made up by the receivers
who were last night disposed to think that 1t might
be several days before detailed statement would
be ready. forecast OF the receivers report. how
ever which there is excellent reason to believe
trustworthy vas made yesterday afternoon by a
man closely associated with the receivers. This
said:
We have found that the combined assets Of Daniel
J. Suily and Daniel J. Suily & Co. amount 10 at
= roini1urn figure in MI suIy's personal assets
S5T0 90 to S25oo00 the Suly house valued at 500.
90. and seats on the Chicago Board OF Trade. the
New-York Cotton Exchange. the New-York stock
Exchange and the New-Gork Coffee Exchange. val
ued at 10000 There is another seat on the Cot
ton Exchange he'd by Colonel Morse. Mt. Sully S
partner but that is not included in this list
As 10 the assets of the firm, there is due from cus-
toners 10000 half Of which sum the receivers are
satisfied can be collected. In addition. there are
an equity spot Of from 10000 TO $4,000
cash and checks amounting to about Si75c9o. and
So 90 on deposit in the Corn Exchange Bank Mr..
Sully also has personal account in this bank of
between 5000 10 $500
To show the promptneSs with which the receiv-
ers have acted I will tell YOU that by quick work
they managed to get SIS ,0o9 in NewOrleans. There
was $4,000 more there. hut it had been attached
by creditors.
II is impossible TO say anything definite about the
liabilities The minimum figure is 100000.
but until advertise for all the claims we cannot
tell what they will aggregate. There is one &C
count on the books Of the firm showing s2S 600 due
Mrs Sully in market transactions. OF course. this
claim will have 70 be proved like all the others.
There is ore very large claim Of which nothing
has been said yet. and which I am not at liberty
20 reveal
A report that Mr.. Sully was again engineering a
cotton campaign agent and adviser for bull
syndicate. dscredited in well Informed quarters