Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1885-10-21
FOURTH EDITION,
Herr ". FroDtz.


The case OF Herr va. Frsptz. alluded
To In Yesterdays paper, occupied the
stten lion Of the United States District
Court all day on Tuesday, aud will pro
badly OCCUPY the Court al Of to day.
Mr.. Herr occupied the witness stand
the most OF yesterday, and after hin
Oscar d. Noe land took the stand and
occupied 1t until adjournment.
The case Ia very much complicated
and 10 MARIO we'd down to . simple suit
By Mr.. Herr against DIR. Jacob r
Fran,s for the pay meut Of . note OF t7W
which Herr held.
From the testimony Of Herr 1t appears
shss about 1873 he got the speculative
mine fever, " hitch led him into purchas
Ing thirty shares or interests VI MazAt
sel mining stock at $50 share from
| Clinton Rice, who was prospecting II
| sho West and gave glowing accounts o
| fortunes made by the turn OF dollar
| A. this time Herr boarded with DIR
| RrAnis, both having &C me from Ian
| caster city, Pc, and were old acquaint
| AMOS. Herr made his purchases from
| Rice through Oscar d. McClelland
| early In 1882.
DIR. Frauiz was not easily led Int.
| the mining speculation and warned
| Herr In vain against going too far. He
| however, induced Mrs. Frantz TO in
vest $500 in the speculation and sool
| after he removed 20 Philadelphia ant
| opened an office 1T 11l3 Chestnut street
The further history Of the case Is tina
Herr, who seemed TO have plenty o
money, in June of that year loaned ID
| Frantz 81 ,OUU Tor over y year.
| DIR FranIz inquired something abou
the mining stock his wife held and 10
which she paid $500. Herr told him
was worth $3.50 . share, but Frantz oil
fered 10 to Ike that and even 5000 char
for IL, but Herr said he had no none.
and conld not pay II.
| DR.. FGantz then II 10 said demande'
the REDEEM ption of the tive shares In hi
wife's name for the $500 she paid fo
them, and finally Herr agreed TO Civ
up Franiz' no'o for $1,000 and take
new one for 800. This Ia the note NJ
on which Herr is now suing.
The other twenty i've shares OF stoc
were sold by Herr to Clarence II
I.obdell, Edgar II. Cook, j. Jackso
| Piero-, j. Is. Bell, DIR. j. r. Frani1
Jesse X BAylis, j. b. Piercs, T. l.
Brown, Jesse Bingham, Clinton re
and n number of others. This syDc
cate organized by electing Clarence II
Lobdell President, Edgar II. Coo
Secretary, and Hover A. Herr Treas
urer. Herr il charged with nevt
having made any statement to u
syndicate OF the money paid
him, though he claimed to hay
sent come $1,000 or 10000 to Clintt
Rice for prospecting purposes.
Beginning 70 mistrust Herrt, he stot
holders dispatched jackson Pierce o.
10 New Msxi 70 to investigate matter
He then "a y Mr.. Roe, who said all II
money he received from Herr WI
So 075. b, appointment Lice came {
to Wilm in atoD, and the stock holders {
TO PhiiadelphiA to demand a stateme
from Herr, Rice being kept In the ba'
ground. Herr, ~ usual II 10 said, gave
glowing statement of the syndicate
prospects but said his accounts al
vouchers we're in MoClelland's SAT
Finally, Mr.. Pierce introduced NJ
Rice upon the scene, and rs rest
Dotes and stocks were turned over
Z | the company amounting TO "a 269.:
Herr, now claims that he WAS bull-d6
ed into giving up his notes, but I
stockholders say he turned them o,
j. willingly apparently glad to get clear
them.
Amongst the papers turned over "
DIR. Frantz' note for 500, the lat
paying the amount to jackson PieI
the newly elected Treasurer.
The defense OF DIR. Franiz Ii that
paid the note TO the legal holder.
whom 1t had been transferred by He
and that he cannot be held liable for
by Herr.
The case ELECTS considerable inter-
from the fact that quite a number
we'll known persona in Wilmingt
are connected With the syndicate a
have lost their money.
Walter Hayes Esq., commenced
plea for the plaintiff AZ II 40, and \
! Hoffecker, for the defense, did not
cupy more than 20 minutes in his pl
Mr.. Kater at ! O'Clock was still spei
ing for the plaintiff. IT. 10 believed
case will be decided to-day.