The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-23
BONDSMEN ASKED TO SETTLE
The Sureties of Indiana's Defaulting
Trustees Sued on Their Bonds.
Suits Filed i'm the Federal Court Which May
Result in Fixing Responsibility for the
Township Trustee Warrants.

Proceedings were instituted in the United
States Court last evening, by Walter Stanton,
the New York broker, to recover from the bonds
men of the Indiana township trustees, who are
now sojourning in Canada, the value of some of
the fraudulent warrants which were issued and
put into circulation last spring. It has been
supposed that nothing could be recov-
cred by the holders of the spu-
rious warrants, and, in consequence,
no steps have been taken in that direction by
any of the interested parties, except in the case
of the Cincinnati Third National Bank, wherein
suit was instituted recently against the bonds
men of Trustee Kitz. of Center township, to re-
cover the value of three warrants held as collat-
eral. In the complaint filed by Mr. Stanton it
is claimed that the issuing of the fraudulent
rants was a breech of official trust under Sec
tons 6006 aud 6007 of the Revised Statutes, and
that therefore, the bondsmen of the trustees
are liable for the payment of the obi
cations. If Mr. Stanton's suit is
successful, others of similar nature will doubt
less follow, fraudulent warrants to the
amount of many thousands Of dollars are held
by others in the East.
Mr.. Stanton was one of the principal victims
of the fraudulent scheme At the time the ex-
posture was made he held large amount of the
spurious paper, which he had obtained in the
East, supposing it to be good investment. By
private work, he has succeeded in recovering con-
siderable however, and in the proceedings begun
yesterday he seeks judgment for $50, 900 more
Eight separate cases have been filed against the
bondsmen of the different trustees, who, it is al
legged, are supposed ito row be residents of the
Dominion of Canada and subjects of the Queen
OF Great Britain" all of them having abandoned
their Offices in last August and September and
fed from the country. The first case is against
William L. Brown, John F. Brown, Robert A.
Brown, Thomas Lynch and Josiah G.
Palmer, the sureties of Charles FL.
Brown, the trustee of Washington town
ship, Daviess county. The complaint states
that the plaintiff holds five promissory notes is
March and April, the dates of which are given.
the amount being So 5574l; FIVE notes executed
in February and March to Davis Brothers, the
aggregate amount being $4, AL 30, and two issued
to w. H. Foulke 6 Co., in March, for ST., 400.
With claim for 81, 600 as attorneysYfees. The
amount for which judgment is asked is $11, 000
The case against Henry Thorpe, trustee of
Morgan township. Harrison county shows that
| the plaintiff holds two warrants issued to Pol
lard for ST. 275; two to Davis Brothers for ST. 439
| and one to w. D. Chiffon for 5000. Judgment is
| asked against Joseph Ellis and Henry Siam
| meach thesuretes of Thorpe for S., 600
| Of the warrants issued by Ar;sta Glover. the
| trustee of Mill Creek township, Fountain coun-
| ty, the plaintiff holds five, executed to R. B.
Pollard. for the aggregate amount OF So 887 III,
and three to w. II. Houghton, dated April %,
for So 094 81. The warrants we're ali issued dur
| ing April and May. The sureties of Glover are
| James F. Glover. KHAN Glover, Thomas NJ.
Rim and Daniel F. Gumot. The amount which
the plaintiff seeks to recover from them is 81, 00O
The case against the suretleS OF Robert n
Martin, trustee of Owen township jackson
county. states that the plaintiff holds seven war
| rants, executed by Martin to r. B. Pollard.
during March and April. for So. 035; two to the
Davis Brothers for ST $50, and two to w. Fl.
| Foulke & Co., for 1921. All were issued during
| March and April. Judgment Is asked in tins
| case for 81. 900. Martins bondsnen Elisha
L. Davis. Thomas J. johnson, John Martin and
William Scott
| cuted by John Grimsey, trustee of Steele town
| ship, DaviesS county, to r. B. Pollard, for
| $l.386 IS; three to the Davis Brothers for
| ST. $40 g. and three to w. Fl. Fonlke & Co. for
| 81. 84838. The bondsmen of Grimsley. who ap-
| pear as defendants, are A. B. Halves, Hester
| Crosby, James X. p. Marriott and Richard III.
| Greenwood, against whom judgment is asked for
| So. O0O
| Ten warrants executed to Pollard by Walter
| B. Rodman. trustee Of Monroe township Wash
incton county, for $666l 10. are held by Mr..
| Stanton, and Judgment for 81, 600 against W. l..
Reyman and Mansford Coffmann is asked.
| The complaint in the case against the bonds
| men of John Clarke the trustee of Barr town
| ship. Daviess county. wherein judgment is asked
| for $4,000, shows that the plaintiff holds four
warrants executed by Clarke to Pollard for the
aggregate amount Of So, 80; two to the Davis
Brothers for 81 1885, one to w. HI. Foulke e Co.
for $497 GO. and one to w. r. Houghton for 5000.
The securities on Clarkes bond are Matthew
| Clark, John Mackell. James Kennedy, William
Mullen, Francis McNaly and W. H. Kendall
Judgment is asked against the suretes on the
| bond of John B. Ciawson, trustee Of Warren
| township Warren county, for Sc coo. the de
| PENDANTS named being Phineas Clawson, David
Sever Lewis Davisson and W. A. Rodbartus.
| OF the warrants issued by Clawson the plaintiff
holds fve executed to Pollard for So 912 three to
| w. H. Houghton for ST, FOG 60 and two to W. H.
| FoIlke Il Co. for ST. $50 So
The disclosures made in the suits filed by Mr..
| Stanton show that of the entire amount of war
| rants that were now held by him $24 8l967 were
executed to r. B. Pollard, and SIG 507 65 to the
! Davis Brothers. while w. FL FouIke & Co. and
! ". r. Houghton. unknown persons who have
| not hitherto figured onspicuousy in connection
with the issuing of the warrants appear to have
done good share of the business. With the
exception of a few which were issued TO the Da-
Wis Brothers in February, nearly all are dated
in March and April, many on the same
day. The complaints state that they
were nearly all obtained from the Rhode Island
Hospital and Trust Company. of Providence r.
l., the Merchants National Bank of Providence,
and the National Mantle Bank of Providence.
| which indicates that the Rhode Island city was
very good market for the swindlers