, 1879-02-28
THE COURTS.
The Chicago Building Society Ap.
pears Once More.
DR.. Meyer Wants to Got Out-..
Tho FolIansbee Lttlga-
tfOn.
A Newspaper in Trouble--Judq-
ments, New Suits, Etc.

A Newspaper in Trouble--Judq-
n1ents, New Suits, Etc.
About eighteen months ago oto ". II. Peck.
hmm. pretended lawyer Of Chicago, received
not little Cratuftous advertising At the bands
OF The press for selling out some cases be was
pushing against the Chicago building Society.
It Was shown that the practice OF the Society
WAS to lend money at The modest rate Of IL per
cent, covering It up ia this way: II a party
wished to borrow SI,000 at per rent for t,ye
years, the Company added the live ycars' inter.
est 10 The principal, making Sl,400, and then
diridcd tho wlole sum into sixty monthly In
stallmcnts, which were 10 be paid cgcty month.
Dy tbis lneans, at tho end Of two and a
half 5eara the borrower. would have paid
half the interest and also repaid
half the principal, wht'o The Com.
pany would continue to draw interest
on the whole amount tl!erematntcr Of the term,
Among the victiTus of this scheme was Joseph
stmcr. aud after be had paid nearly all Of his
ipatalments, be filed bill to get ou. OF his
hard bargain, charging that the Company had
cxtorted usury. Judge Farwcl1 decided in lis
favor, aud ordrred the Com pnny to surrender
bis notes and trust-dced. ehortty after, how.
ever, Peckham, 5!mer's attorney, Without tho
Knowledge Of his client. stipulated 10 court
that ! decree for 5000 should be entered
agaiuat Btmer. This was douc, and, ~ Sinner did
not know Of this piece Of rascallty untn after
the term Of court had passed, be was unable 10
get the decree set aside. Yesterday he took a
ne" sIep oy mug Dill III tae clscuit Court TO
have this decree set asfde on the ground Of
FRAUD lie rccites the above facts, charges tia.
1,t. sttorrev Urn. ho,,cht ~, nv Tho HuIInnr a..
Nv ..s. - - eon ~ .e Nv
WY 4oi ei,uoo' M" '"A' n's p'opc'ts nas oeen
sold under tue dccrea and bought In by the
Building Society. The land was the house and
lot No. 8oS E1stun avenue. and lot fmmrfflotrlv
T., ,ia -..s t-a,t,,,, ~ n.i... ...s.. ~''
49, w.. 80, i'ons''i. y. et'e'n e'ss'' 49,.
o'Mcr atso goes On 10 say tflat alter the decree
was thus lfauou'ena'S entered agatnst HIN, at
queer o. he building Society wrots to such OF
into litigation with It, aud requested them to
ca,i at tn oi,lre IN t,,,carn wscn Tins III ~ "
ths osee the ,r es oa 80
n R. Brooke Brooe or u n1oak. woo o. ane
pose settlement. II any objections were
,nade he referred them IN ne lccrra IN No
sinner n,h other c.rc. md .o,1 t,,'.,
eooIlv i ,at @ N % sn,te of ts a r,svoraha ,r ,at%
decision of Judge Farrell, tic Society had
obtained DEGREES. II the borrowers
cree. were fraudulent, Brooks would i'd say " that ia
tlle Society had money, and would buy LAWYERS,
JUDGES, MIL t!triee. or more dramatically, slap
US hand On Ms br9eeheA pocket UNI say: "HeTe
are youI iawyers, IT, suages' @ ana !unes" b5ooks
for consnlrary to dettaud. aul tic latter found
II hca'tny 70 foek anslihef climate, lust IN ad-
VonGe ot az olnGer WIZ WIS very anfious 10 IN
teIVloW nm. NotWIHe,andihs mo J" per cont
Interest, thc society ii!ed TO prosper on tts
E411es 4uu, 48 ~ CQAfK4ut il now iU$0{fHuka
enou.a uG at once put III q, the !lanns OF ieEal
nnfse or HeceiScr,W Who wy attead I IN its dyitE
nouss tnr a'o 9u5 t wsn % ae.nmfa ses, mere
M pays u1s a1s 'ih w. IT ~ e. o aS 10
pndcr, and mat I've biild,ng society may be
Geeiatea Hsai iaseSent a1o ass AFFAIRS Wound up BY
neee'e'' ...--.-..
TUE sHaa's ESTATE. .....s
lnao1eus ~ shnule, assignee in bankruptcy
1n;a o. GMares h,rc, y. egfe' alsd n Yestsriay
ihomae u Shrcse. a. L. Gofey, H. ": Marley,
James I. breTstsr, L. n. sllreyc, salle. B.
snfsve, aalie !: enFeFe, Evsllne ShFcse. Mary
f. sa.eVe, S4as!es c,'r ~. s"seSe Jf'. sntnes ~.
s s9me sfaeE M pFopesty belonging 10 Charles I.
Shreye. Ihu complainant states lint Tho1nl!s
a. otea ~ . ls1' ieIg1as W.. nS w1isn, among
Chicago, and Lots I to l., iacIusiyc,
koi ~, niocH i y III ihc Orl!'
inal IoNn. ihls property Wne however,
John Al. shrege wen subsequently appointed
such trustee Charles went Into bankruptcy IN
august Iast, ana eomt'la,nahs y al appaiTteu Ills
nss'gnee 1gn rot 10 1nis, however, atl,l ~ june
sir1,'nent to r +. sLrsrc for Ike hcnetjt ~ t,is
creditors. but complainant CHARGES that this.
intorest. md Tint he tr,st estais sh,,nlIl now
i,e vaStatt In 1in, 5nr tha hen"st ~ a.i...ls.,