The New York herald., 1877-10-09
COMMERCIAL AGENCY WAR.

THE NJ MKILLoP-sPRAGUE COMPANY AND THEIR
AoEScIEs-wHAT THE TREASURER SAYS
ABOUT THE QUARREL
The merchants of New York who are In tho habit Of
ascertanna the standing aud reliability their
toners through the medium Of commercial agencIes
were yesterday morning startled by card In tho
HERALD signed Joseph Franksh in which the right
the Mckillop d spraguc Company TO continue certain
business was seriously questioned Mr. Frankish boldly
arraigned John q. rappan. Of Boston, President; ;
Daniel >. Sprague. OF Orange. N. j., Vice President,
and Lester ~ Clark, OF Staten Island, Troasurerall
OF the above named company-as having failed In their
obligations to him (Mr Frankish and warning all per-
sons that they did business with the McKillop &
Sprague Company in certain territories al their peril
Mr.. Franksh made the stil further astounding nm.
nosncemeut that ho tho sole Of .srhe Com
mercial Agency" and OF John McKlllop Il Co., in tho
cities OF Philadelphia, Baltimore, Pitsburg Wheel
ing and neighboring territory and gave notice that
the oniccs of said agencies closed against the
Mckniop-Sprague Co., their associates and sab
scribers II can rendiy be understood what effect
this card had on merchants who subscribers to
this agency 10 tho extent OF hundreds Of dollars per
annum. Numbers OF them repaired to tho offices of
me company In Wortn street. for the purpose OF re-
celving IN explanation from the managers, and alto
sether there was an interesting ripple on the waters
Of mercantile lite.
In order that the public might understand the true
lnwnruneSs' OF what Sir Lucus O'rrlgger would cul
sentative waited upon Mr. l. NJ. Clark the Treasurer
OF inc Commercial Agency, and no was asked givc
the company's version oi the quarrel Mr.. Clark
saio:-i hnvo no Objection TO give the HERALD all the
pertinent iacts Mr. Frankish been represen ing
or, iuther, m.srepresenting, this company years
IN Philadelphia Our nrst contract with MIN was Tor
hve years, and thts subsequently, renewed i've
years. In the autumn oil 1876 Tho l4lh oil Move mber
II my molnofy serves me right-our company entered
W Anhl hnd
the privilege on the LIST day of September 1877 TO
take from him the several Offices OF tho agency before
under his management IN Philadelphia, Bat more,
Pittsburg and Wheeling The contract, which
has never been published, and 10 given Tor
upon the date named give up the Offices, books and
papers OF the company free from all debis or incuu-
brances, upon the tender to him OF sl5, 900 sats-
factory paper or security On Thursday, Two days
before tho lst OF September myself went 10 Phlla-
delpha IN order to arrange tho transfer, but found
NJ frankish ndisiosed 70 acceed to any settlement
After consulting my counsel, Mr. Richard l.. Aslurst
u note was written 10 Frankisn asking whether the
csved. on saturday we-Mr. Daniel j. sprarue a..
companed me-rcpaired to Frankisn's office and wore
there met ny nat refusal TO accept sccurty-cn-
dorsea notes at one, two, and three Tor $40 0o0
III all bearing interest NJ the rate OF per
&nnum. In order 10 leave no possible preIcxt, we
then repaired to tho Farmers and Mechanics National
Bank and procured $l5, 900 IN four per cent United
states bonds then rendered my note TO Frankish
for 000 according TO the letter OF the contract
and IT bore this indorsement:-
United states four per bonds secure this note
EDMUND NJ LEWIS, President
Mr. Franksh also refused tins security and immedi-
ately aiterward we commenced legal proceedings
a2nnst him. and ISSUED, the 9TH of Septolnpe a
notice thai he was longer connected with our COM
pany, nor was he authorized collect sub
scriptions therefor 1--WE have ample proofs, In tho
shape OF aflidavs" said Mr. Clark, Iron Fran kish's
Own clerks that no has mado collections ana Kept
back the money from customers nearly eight years
ally using his name, and we have applied for an IN.
junction against him"
We havc to-day issued conGdentially to our Gus
toners circular explaining the whole alaE