The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-19
TO REDUCE
ALIMONY ALLEGED
Affairs Of National Conduit
Co. Figure in Suit by Mrs.
Sara McQuaide.
ACCOUNTING ASKED FOR

Whether Edward s. Perot president
OF the National Conduit and Cable
Company. has conducted is affairs in
such manner as TO reduce the alimony
Of Mrs Sara s McQuaide. former wife
OF James =. McQuaide. owner OF one
quarter of the company's stock, IL to be
determined by Warren Leslie. who has
been appointed referee In a suit decided
by Supreme Court Justice Goff.
Mcouade has been conspicuous
member OF group OF Pittsburg steel
men who made fortunes there and then
came TO New York to live and become
involved In matrimonial litigation. He
was married In 1890 20 Sara Sidebotham
of Philadelphia, and two daughters and
son were born TO them. He was
heavily interested In the National Pow
! der Company. the Pressed steel Car
/ Company and the Douglas McQuaide
/ Company. which controls the automatic
switches ia general use.
Subsequently MIR McQuaide became
owner OF one-quarter of the stock N
the National Conduit and Gable Com
pany. which has an immense plant at
J Hastings y. y, and an ONCE AZ Al
Park Row. Differences between Mr.
| McQuaide and his wife caused him 10
I transfer 10 her In 1908 residences In
New York city and Nyack. which she
later sold for 100000. He also put all
hts National Conduit stock In the con
troll oc Mr. Perot as trustee for the
! benefit Of his wife and children. on the
suggestion OF STR Thomas Dewar. witt,
! whom McQauide was on friendly terms
IN London. he went 10 Florida in 1909
and divorced his wife on the ground OF
! desertiou lie then married Gerte
REYNOLDS WeberFields show girl
The suit before Justice Con- IN which
Mr. Leslie was appointed referee was
brought ny the frs. Mrs McQuaide for
an accounting from Mr. Perot OF his
trusteeshp OF the National Condui,
stock Her complaint set forth tina,
under the terms ~ the trust agreement
e. McQuaide's quarter interest Welded
$25. 000 year income Mrs. McQuaid.
vas TO have 5000 n month for herself
and children. II the income dropped &c
500 0Oo year Mrs. Ncquaide was to Ge'
s7.4o0. and IL only $4,000 she was &c
have $500. For every $4,000 drop below
that amount she was 20 get 90. 600 a yeai
less
Mrs. NcQuaide said IN her complain
thai she got $4,000 M 10 1905. and
thereafter $4,000 a year 10 1911. Sh.
brought suit FOR an accounting Sh,
alleged that by virtue ~ owning q quar-
ter interest and con rolling McQuaide
stock Perot was in control of the com
paur
Mrs McQuaide alleged that since le0'
Ic~ot had received a salary largely II
excess of the reasonable value OF hi
services. and that he had permitted TN
other two directors 20 receive exec siv'
amounts FOR the purpose OF res'rictin:
= tho annual dividends Mrs. McQunid
alleged that as result OF the acts o
the trustee the company has paid onl'
- per cent. dividends, although its earn
iuss wer" enormously IN excess OF tina
amount She alleges that Mc,!u1ide'
in~ome from the stock Is largely In eN
geSs OF $4,000 a yea-
perot vas willing 10 account bat h,
8''r-net nor'crd..l thu. Nt~ rr'ar"'re'.
~ the conduit COMPANY was not
proper subject for Inquiry ou the ar
.oul ting Justice con held iuut ar ~
animation ~ the books ~ the "omnar
would hty" 20 he mad" ~ order to- SHOW
whether or not the decreased alimou
20 Mrs Mr',unide was lus''rei I'll
court st.d that Il he controlled the con
ponv IN such q way thu. the trust Wa
. injured he would D." rcsDoUs'h'e