Show NEW yora MAY NOT LOSE BIG ART CiJI LECTION COUNSEL SAYS MORTGAGE DOES NOT INCLUDE IT knight attempts to secure postponement of foreclosure for SU months now york nov 30 that the city of new york will not lose the art collection which the lato late charles T yerkes bequeathed to it even though tho the mutual life insurance holds a mortgage on the building in fifth avenue ja which tho the collection is to house should foreclose the on december id 16 next as adver Is tho the opinion cx expressed presed by clar clarence nce knight the chicago attorney who drew the will or mr yerkes mr mn knight is a hero here endeavoring to secure a postponement of the foreclosure proceedings tor for six months pending a settlement of the yerkes estate ile he said that the art collection was not included in the mortgage the will of her husband said mr air knight provides that mrs yernes was to have the use of the gallery and the art objects it in it until her death unless she elio should choose to transfer her right to tile the city mrs yerkes is anxious to carry out the wishes or nor her husband in every respect ahe will let act as soon goon as the estate of tier her husband is iq settled me air yerkes desired that thai hs his wife should control the ift to tho city but in fit iny any event tins this collection ol of paints was to become 1 x public bono action n it if the insurance Inaura co company forecloses foreclosed fore closes only the property and buildings bulli linzs it will not be lost to 1 the city |