, 1876-09-19
THE COURTS.
Mr.. Scammon Wants to Set Aside
that Sale.
Ho Claims the Mortgage Company
Cannot Hold His Property.
And also that the Interest De-
Inandcu Was Unlnwtul'
Report Of the Receiver Of tho Toutonia
Life Company

Life Company
~
Now e,tt,.
Record Of Judgments anu NOW o"l'S'''
nanSf"p'cS ho'
.-.-.
A nlctbor,c bill Of about 100 pages was filed
o..pnam - ptt at,ornoon In tho Circuit Court BY
Yesterday NV. ,r.tr,t a,,nu.i n
Jonathan Young scata.non asanst aa'a.' ns ~
Dabcock, Of New York Clty; tlle on'tea statea
Mortgage Company, Of New York; Jamcs H.
Rees and r, E: Moss, Chicago; Cyrus ssa'nmon:
o. Laposte, A".', ,a,I,,,iH, anS ~ o,ao,,,nr. "
Gardiner, Me.' ihalV'aau.iS' siiu 10 oAeeusois ..
the estate Of Franklin seammon, 10 sot
aas hs for.roa %o,gase 70 ae, 5o aai IA neas ~ iSt M
n''u.. = ..ot.. tbo. m ,Io pf,,h NJ Mov 1870
scamHoh s'assS so,o nn t.. o ,S ~, @ a. ~ .o''
lie borrowed s=pupo IN gola from the Mor'aaso
Company, which 10 foreign corporation, giving
a bond rs security therefor, md u mortgage on
ao.ta,n nronertv m Conrreas ,trret onI Micl,{.
cettu'" p,o ;1,s.,,o,1 ~ fats a,,1 . n,.,.,r n,
gan avenue u'sss''u w.. s 10 t''ts ana o DioeA ~
Block o; all Of sub-Lots I ard Of +. D. Ely
and James l., REYNOLDS Subdivision Of Lot 10,
nlock 1I'll o: nni all of sul,.1.nta !. Q. md
0 = Iot % ~ +. ptork c'' 10: nj = In IN
fractional Sec Is, add!t.on to Chicago.
The mortgage provided tllat tho Company might
sell In default OF payment OF principal or in
fcr,at and frivn fhes n,,r,hosrr nj sur,, solc n
eescst, a'' s,ss .no l'a,el'ascr u. euc'1 su'e
gooa aho halMc'en. accu u conveyance III lce
sinlplc at tho tsr1e OF making this loan the
executors of Franklin gcam,nnou lad d first lieu
on sut-Lot i, Lot l, Block 10 Of tho above de-
ss',peu plsn'eeo' ~ thsy ""''sn tne,t Hess
cltm 80 rs 70 cllaDle the loan 10 DC mauc, p1Ft
OF 1t being intended to be applied for their
ocncht.
States Mortgage Companv, ctnIntnr TINT
dclault nad hccn nlaac i'll pay-
tbc mortgages. and sold the premises to ,Jnmcs
H. lees 1o7 Sloo,ooo, giving lin a quit'cla1m
decd.
Mr noonn,r no,v f,s1st. that Afr Ron. M
nli oel,oa .,.' ~" 4noioto t''A. W. ne.a w
flu'reu no utle 70 the premises tEat tfe Mort-
naa os
fofeiEn corporation It could not, by .ho laws Of
1 th's sa.e, .ase Inc Iesal .st,e el.ef contlon.
u1'S oy WY VI iaottsase VI II! u'is o.'ieF way Ut
p1ainnnt also alleges that hc still holds tho
legal title 70 tic aboyc-mcntloned land, subject
merely to lis payment of the $o20, coo md ILL
Moreover, It Is insisted thnt Rccs, though lie
is etatcd 10 have paid $iO0,00O, actually paid
hoto q. saa 5e ont % ts tao 81 !eea N naes aa ~
,nt,, u Dooa "o',,tn,.oI ttn 1rnna.t,, osti'on
WY MnV'l NGeo ContHiGu t1o ptopgn.y Att' ~,
4ot4, lot tlc cohsluerat!oh ot -. naoGoeR, VINO
whs TIC fEcsidcnt o. inc hlostsaEc company,
right to have the $22,0, QUO loan paid to hin IN
some propcF Way.
Another lceaf point is tnatle in rcenrl to In.
tcrcat' Tho 1a,vs ri NV Val. nrnl,,hft tMc
taiinT n n hirbcr rate ~ intcrcst th"n ,rn
per ccht per annum, or from taking mort.
gage security lot ioane a. greater rate Of
Interest. In the present instance h1r. eean1nnn
agreed to pay 9per cent Interest on his loan,
pcr cent. Tlis illegal ngrccm snt be holds IN H.
yajilntea tho wloID ins}r11nlent. Thn saln
tot ~ ~, H.. ~ uy yy'os ;t , H.,
w. ,,.,~t ..s sIi ~ i, ~ To, euIe
tne hs1ps.iy Wa so.a IN l1in,p; anat naneoGK a.
posssssson =. te iann a1 lor LUG smai1est pESe ~
C9nitaFTmtlon Gi u niS trast ~ fIceuent anu one
q a.. re ho nGGtore .n ,tro Gr IN e ,ssotgnge