The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1882-07-22
TWO TO ONE.
Annullina the Kendall Contract-The Amer.
lean Bank-Note Company wins This Time.


-
The Board Of Sinking-Fund Commits
sloners met yesterday, according to an
douncement. Mr.. Allen, Mr.. Dyson, and
Mr.. Reveley were on hand.
II 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 re-
quired by the Riddleberger BILL During
the forenoon Yesterday package OF the
bonds printed by Kendall yvas carried by
express up to the Auditors Office, and there
received and receipied for by Auditor Al
len.
AS soon as the Board met Mr.. Edgar Al
Ian, counsel for the Kendall Company, pre-
sented the following written appeal for
postponement Of further action:
To the Honorable Board of Sinking Fund
Commissioners:
Gentlemen,-I have been apprised by
telegram from the Kendall Bank-Note and
Engraving Company, OF New York, OF the
action Of your Board at it, meeting OF yes
terday notifying said company by telegram
to appear at an adjourned meetingto be held
at O'Clock this afternoon to show cause
why the contract entered into with them
for the printing OF bonds, coupons, and
certificates, under the act OF February Ii,
1882, should not be annulled.
am advised that Mr.. Kendall. president
Of the company, with whom all negotia-
tions in the matter have been made, did
not receive notification in time TO make
connection with the train in time to respond
to your notice, but that he is now on his
way TO this city, and will arrive here to-
morrow, for the purpose OF ascertaining
what reason, il any, exists for the course
indicated by your Board in the meeting re-
ferred to, and to meet any question raised
in relation to the bonds printed and de-
livered by the said company.
The question involved in your tele-
graphic communication is OF so grave Il
nature that in the interests Of my clients,
and to the end that full opportunity may
be had to meet the question raised, / am
constrained to request your honorable body
to postpone action in the matter alluded 10
until such hour on Monday, July 81, 1882,
as shall be most convenient.
| have the honor to be, gentlemen, very
respectfully, yours, EDGAR ALLAN.
The Board heard the argument OF Mr..
Allan in furtherance OF his views. He
stated that. in point Of law, il Il notice is
served and time not allowed for the eXecu-
ton OF the notice, it does not amount TO
any notice at all. lie produced evidence
to prove that
KENDALL WAS COMING,
and asked, as matter Of law and justice.
that the action OF the Board be deferred
until MS client appeared. He stated that
Kendall would be in Richmond before 10
O'Clock Last night. He was replied to by
Attorney-General Blair, who advocated i'm
mediate action on the part Of the Board.
A resolution was offered to annul the
contract with the Kendall Company and
return the work already received by the
representatives OF the State Of Virginia.
Mr.. Dyson. Second Auditor, opposed
this. He 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 to appear. He asked, Why
give the notice il time to comply with 1t
was refused? lie SAID he thought the same
consideration should be extended to HIM
that he had always shown the minority.
The resolution
ANNULLTNG THE CONTRACT
was put to the vote, and was passed. Messrs.
Allen. Auditor, and Reveley, Treasurer,
voting "Aye," and Dyson NO"
\ resolution was then adopted by SINH
lar vote ordering 4 telegram TO be sent to
the American Bank-Note Company, OF New
York, asking that they send an agent at
once TO Richmond for the purpose Of
making contract for the printing OF the
bonds.
The grounds upon which the action OF
the Board is based is said to be the failure
OF the Kendall Company to get its work on
the New York Stock Exchange, and the
basis Of the desire to award the contract TO
the American Bank-Note Company is stated
to be the ability on the part Of the COM
pany TO get its work on the Stock EX-
change Of New York.
The Board OF Sinking-Fund Commits
sioners telcgraphed only 10 this company,
but it is a Well-knOwn fact that the 10-fO
bonds printed by the American Company
under the McCullOch bill were never re-
ceiycd by the Stock Exchange, as well as
deal OF other work done by the same hands.
The truth Is, it makes no difference. it Is
said, what company does the work OF
printing. the infallible rule with stock eX-
changes being not to list or receive any
work until the first instalment OF interest
is paid.
What the result will be in the matter
does not exactly appear; but it was limited
Yesterday that Kendall would take steps TO
recover damages at law. Mr.. Kendall has
had an uphill business from the time he
applied for this work down to the present.