, 1874-06-02
LOCAL MISCELLANY.
HAML1N, DAvET e co. AND II. q.
CLAFI1N d GO.

HAML1N, DAvEE f. co. AND II. 3.
CLAEI1N d GO.
Ono OF tho firm Of II. ls. Clat'in tG Co., OF
Now York, calod ut this Office Inst evening, md
nado statement In nnswor to articles which
l,nyo recently appeared In somo Of tho rarors Of
Chicoyo with refogonco to diflicutioB bctwocn
tl,at ilr1n md Mamlln, Davoy & Co., OF thio
city, md whiclt, M ho claimed, placed Clntin
T. Co. In falee light. Tho facts, ho stat
cd, wcre theecs When Ifnm1in, Davoy Il
Co. n.nlo their agreement in November
last, untlor 1t tioy deposited colaternls for tho
payment Of notes for s650.000. which wero thon
f,lvou by thom. Tlleso collatorAls wcro received
by II. u. Claain l. Co. not ns representing Vano
to tho oxtont OF aGo0, 900, but as the bost %aclh
tho firm could oIfer, md tho real vhluo OF 'hoho
collaterals m then npL einco cstn"scd an hy ~ Il.
.. ClN!lin Co. wah ccrtala'!y lot ofet 9f.u ,n
1t wns provided by tho agreement that Clh!nn u
Co. should instruct thoir Iruntec, Cyrus Ient-
lev. to deliver up these securities prooportton-
utcly ns tho notes wore paid, requiring, however,
tint tho Trustee Hhold Ill ls aisereslo1s, a!NaSs
rotnl,, ample Eceurity for any tlnrastt balanco:
After thpy Ind paid S60o,00 they applied to
tho Trustoo for tho surrender Of two Of tho most
valuable parcols Of aoouritos, but llo iii tho cx-
crciBc Of his judgments H. Wow OF prior inenillc
property within tho last fow months, did not fool
anfo in snfrenlering tho two parcels naked for.
lie wns willing. however, to surrender ono Of
them, md did execute relenso ot ono parcel
:l0o0O0, which was secured by tho property tlon
surrendered. But ho Mt tho sane time said that
i.e would writo to Uat1in E Co., and, II thoy
woro willing that he should surrender tho oslor
rnrcol l,c would hand It over. Ao wroto ;,, ana
wlat had baon done. bnt thought tho
purccl that ntr. Bentley had alrcaay givon up
was aa much as ought to 10 surrendorod; tho'.
added, however, tint II tho contract required
moro to be given up, thoy wore willing that 1T
Whom this letter canlB to hnud, uatnlin, DaToy
{; Co. eaid It would not answer their purpose,
and then voluntarily returned tho loaso md col.
laera which had previously boen rr q a to
parcels wero not delivered they would havo to
ask for IN extension OH their laat two notes for
$4,000 cach, matnring on tho 18Th OF
hIny. Application was mado to C!attn IL
consented to alow mn extension on only one Of
tllo notes. ua1nlin, Dnyoy j. Co. said that
would not do; they must hnye M extension on
tho ontlre amount; mud tho Now York firm sub-
thirds Of tho Indebtedness; but tllB proposition
was not accepted. AB tho notes approached
maturity, various propositions wcro mado.
nud On tho morning Of tho dny
the note9 sa were s;np payable, ae,v ca g. int Go
thoy would protect tho notos, and did provide
for their withdrawal from tho hauAs, so that
they did not 60 to protest.
Il was furthor stated that tho allegation In tho
bill that Hamiin, Davoy l. Co. wanted the sec'lr.
tl1om to pay Cnilin Co.'s notes, and for no
othor purpose, is not exactly IN accordance
with tho facts. sinco tho Trlstoo told
Hamlin. Dayoy co when they asked Tor 9lo tho
would DO no trouble about it, and the securities
would bo turned over for the money raiscd upon