Civilian & telegraph. [volume] (Cumberland, Md.) 1859-1875, 1862-05-29

Company of Alegany County, to avoid sa
saie ana transportation contract That G
September both, 1857, the day said deed
trust was made, said Sherman on fair sc
Element OF account, between complainant an
himself, WINS actually its debtor to an anon
exceeding two thousand dollars. on an a.
p, count called Loan Account, while the sche,
nle attached to said deed of trust includ,
:, him as II preferred creditor of complainant
:. under said deed, to an amount exceedin
$4,000; that the Indebtedness, in said scbef
ule stated to some other parties was only ar
parent and not real and much of it ampl
secured by collaterals, before the execution c
SAID deed, which latter was unnecessary for th
purpose.
The Bill then states, that said deed of trus
was unnecessary for the protection of com
plainant's creditors, and fraud npon thei
rights and mainly resolved upon by th
Board OF Directors at the instance of Sher
man. Mehaiiey and Bloodgood, apparently 70
J the benefit OF creditors, as well as Of the Com
y pnny, but really, in order TO continue tn
d power and control oftomplainsnt's funds ant
v business involved and diminished by thei
!. fraudulent misconduct and detention of III
0 money and property in their hands that sale
Sherman, Mehaffey and Bloodgood, by thei
injudcious, unauthorized aud improper e1
Penditures of its means to a large amount had
caused serious embarrassment in the prosecu-
= a. t'-NSSNe
tlon OF its business, and Il failure to meet
promptly its liabilities; that they were pre-
sent at special meeting OF the Directors OF
complainant at its office in New Yerk, on Sep
TENDER 18th, 1887 and at an adjourned meet
ing OF same at same place next day, partici-
pating in all the proceedings, at " hich the
preparation and execution of this deed of
lust was directed ana resolved on, and it was
SO resolved on, professedly, by said Mehafey,
| Bl0OugOOu and Sherman tho heat unoda IF
protecting compliments property during its
then financial difficulties from sale and sacri-
nee, until Its liabilities could be deferred and
arranged, without the necessity of any sale of
any OF Its valuable property. That with this
view extraordinary powers were conferred on
said trustees, and Mehaifey, Bloodgood and
sherman were selected rs such Trustees, be-
cause they offered to act without any addi-
tional charge for their services, or compensa-
'oh, other than what they might receive rs
oihceIs OF said Company in the positions they
then held. That said deed OF trust was made
10 them The next day, to wit September Both,
1904, on account oil embarra ssment in its cir
cuins'ances, conveying to said Trustees all its
real ana personal property wherever situated,
ana winch had not been previously conveyed,
IN trust, that said Trustees should sell and
dispose thereof, or so much as was necessary
Tor the purposes OF the trust, ETC., and after
80 r ''o'! 'hH iie"s, II
any, ~, "PPy proceeds 10 payment OF com
t,","nH. ueo's, e'c' copy OF winch deed IS
',. w." .se o'i'' '"i Aeu EAi'ioi' NO. /, us
f' ~, t"I U;,I
nI n'i -. i"i'hel s'"'es, mar an complain.
a.. a,'a, p". ."en. VI "nlen was secured
.',S VI INV oeen 'aIly Paia ara
,'as o" ~, ~, .nu no"e " '"eh ny saio rus
SO sn vH. r. psrn"ps Tine per ceh'; upon
naoi, ~ i,'' ~ .'e u .nE "'9erh'
hanoo f'un. .o XII" Gaa ill.,, u'ils o, eA
,a'"Se ,,, WINS eu WI, mas oeeh
.ar, n.,;aI' aa,,i.t; W so.P'".hahl IL.
iaa.I;,p ~ ~. e. e. nurIee VI counsel
on,ria, ~ IA 80, ,,;,L .L ny " uolne!
NJ -, "i. ~ s"o oin, us 1Anioi'
r,ns, o., '''. .o.;p :. u, nIi t'lncs
ohi;:.d ~ "a. n'"I p,i .e. ~ u'''h"ees;a
y. ~" Broo5 "nu CIV SS S",u iius'ees, NE
,r'.1; 1917 ; "au oueiuan nave now IN
al; ;,' %. '"on'e' VI 'onp'"'n"nt more man
,aas uoh' r"' p s"n UNI e"e' os s'u rus
,a soa,, inant, n'ouusoou "no Hnfrihhn 10 I
iss,,. ,-ruI hoe,.;, w. hau .hal AZ 81 them,
y n,, 'e inaeo'eu unto u on several
nras "ta MI my IN sunul! large sums,
WI "''.'is 'ne, VI M! one oior
:, ~, ;s r. ma. respectively ""'e"g"ihst
'T Th,u H SU" t i,'a,t
"e n,ii 'u'''er s'"les' 'nat a''ef said deed
wa; n,"Ie .he properly conveyed by 1t re- 6
n n"neu IN e1n'plalhants exclusive custody, !
!, oS'esS'o'! ana control ana that said trustees
d'u Nv ACT III virtue oi SAID deed that all the I