Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1882-07-25
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Annulling the Kendall Contract
The American Bank-Note
Company Wins This
Time.

The Board of Sinking-Fund Comis-
siones met Yesterday, according to an
nouncement. Mr.. Allan, Mr.. Dyson, and
Mr.. Reveley were on hand.
1t was understood very well that at
this meeting definite action would be
taken in regard to the contract with the
Kendall Bank-Note and Engraving
Company for the printing and engraving
of the bonds required by the Riddlebor-
ger bill. During the forenoon yester-
daya package Of the bonds printed oy
Kendall was carried express up TO the
Auditors office, and there received and
recepted for by Auditor Allen.
AS soon as the Board met afr. Edgar
Allan, counsel for the KendGll Company,
presented written appea.i for postpone
ment Of further action.
The Board heard TIE argument of Mr..
Allan in furtherange of his views. He
stated that, In point of law, if notice is
served and time not allowed for execu.
ton Of tbe notice, it does not amount to
any notice at all. He produced cyiden-
ce to prove that ........
KENDALL WAS COMING,
and asked. as a matter of law and justice,
that the action of the Board be defer
red until his client appeared. He stated
that Kendall would be in Richmond be-
fore 10 O'Clock last night. He was repli-
ed to by Attorney-G General Blair, who
advocated immediate action on the part
of the Board.
a resolution was offered to annnl the
contract with the Kendall Company and
return the work already received by
the representatives Of the State of Vir-
ginia.
Mr.. Dyson, Second Auditor, opposed
this. lie took the same view of the case
that Mr.. Edgar Allan had presented, and
begged the Board il they were sincere In
the postponement of the day before TO
give Kendall time 10 appear. He asked,
Why give the notice II time to comply
with II was refused? He said he thought
the same consideration should be extend
ed TO him that he had always shown the
minority. The resolution .|'
ANNULLING THE CONTRACT
was put to the vote, and was passed,
Messrs. Allan, Auditor, and Reveley,
Treasurer, voting Aye" and Dyson
"No.n
A resolution was then adopted by n
similar vote ordering n telegram TO be
sent TO the American Bank-Note Com.
pany, Of the New York, asking that they
send nm agent ut once 10 Richmond for
the purpose Of making contract for the
printing Of the bonds.
The grounds upon which the action OF
the Board Is based | s said to be the fail
ure Of the Kendall Company to &c; Its
work on the New York Stock Exchange.
and the basis Of the desire to award The
contract 10 the American Bank-Noto
Company Is stated TO be the ability on
the part OF the company 10 ret It's work
on the Stock Exchange of New York.
The Board OF Sinking Fund Commits
sloners telegraphed only TO this com
pany, but II Is n woll-known fact that the
1910 bonds printed by the Amer lean
Company under the McCulloch blu were
never received by the Stock Exchange,
as we'll ms deal Of other work done BY
the same hands. The truth Is, II makes
no difference, II Is said, what company
does the work Of printing, the infailible
rule with stock exchanges being not to
list or receive any work until the first
instalment Of interest " paid. r..
What the result will DO In the matter
does not exactly appear; but II was hint.
cd yesterday that Kendall would take
steps 10 recover damages at law. Mr..
Kendall has had nm uphill business from
the time he applied for this work down
10 the present.