The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-01-17
A FINAL SETTLEMENT.
The Suit Of Charles N. Fletcher vs. s.
j. Fletcher, Jr., and Others,
Involving s77 ,ooo-The Parties En-
ter Into an Agreement-Terms
OF the Settlement.

The suit of Charles Michael Fletcher vs.. 8.
]. Fletcher, Jr., and Others, came up before
Judge Howe yesterday, and was dismissed
by agreement Q, the parties TO the suit. On
account of the connection of the Fletcher 81
Sharpe failure, and the amount involved IN
The case. the matter is OF considerable interest.
The complaint was fled on the ID Of Sep.
TENDER last, and alleged that on the 10th Of
October, 1871, Timothy r. Fletcher executed
q deed of trust to s. A. Fletcher, Sr., by
which he conveyed ell his property to be
invested for the benefit OF the maker, and
after his death the profits were to go to his
son, Charles Michael Fletcher, bat If the
latter should die q minor then the profits
should be paid to his sister Louisa NJ. Holt.
The trust Was accepted and So, 900 were in
vested by S. A. Fletcher, Sr., at a greater
rate than per cent, and 6 per cent. was
paid annually to Timothy Fletcher. The
profits above this amounted TO $50, 600, &C
oording to the complaint. Afterward s. A.
Fletcher, ST., died, and 8. A. Fl stchsr, Jr.,
accepted the trust. Charles NJ. Fletcher be-
came of age in March, 1888, and demanded
settlement of the trust, which was
refused. Following this came the Fletcher
d Sharpe failure, and s. A. Fletcher, Jr.,
assigned his individual property to Harry j.
MiIligan for the benefit of his creditors. The
prayer was Tor judgment for $50, 600 interest
not paid over which had been received, and
for the So, 600 principal, alleged to be on
deposit in the bank. Then came demand
for ST., 900 and for q restraining order
against the payment of the money out of the
bank IN any manner, or the disposition Of
any OF the stocks, bonds ETC., alleged to be
assigned to Miliigan belonging to the trust
estate.
In the settlement of the case yesterday an
agreement was drawn up and signed by she
parties, which was entered on the records.
This agreement provided that Timothy
r. Fletcher should take in bonds secu-
rites and cash s2,50s, and be given
an annuity during the remainder OF his
life the agreement to date back 10 the first
Of this month. lie is then to surresder to
Charles M. Fletcher all notes and other
evidences OF indebtedness held by him
against the latter. S. A. Fletcher, Jr., is to
| deposit $50 coo In notes bonds, etc, in the
| hsnds of Allen NJ. Fletcher as security for
! the bslsnce of the estate. At the death OF
| Timothy r Fletcher the bonds and securi-
| ties are to go TO Charles Michael Fletcher.
| IL this fails TO realize the 81 SEQ annuity
| above referred to- then Allen N. Fletcher is
| 10 make up the detcit out of the principal
| of 100000 unless Charles M. Flstchsr
shall b msef pay such deficit within thirty
| days after notice has been given him. II
the securities to be deposited shall be paid
| off and need reinvestment Allen M. Fletcher
| shall reinyest the money in first mortgage
| securities on Marion County real estate.
| Timothy X. Fletcher is also TO have, in sd.
dition to the foregoing, the interest accru'
! ing from the Gas Company bonds and the
| Plymouth Church bonds up to January l.
| 1885. The residue of the trnst funds in S. ].
| Fletcher, Jr.'s hands. amounting to SAL.
936 SO, goes to Charles n. Fletcher. The
agreement stipulates that this shall be 8
| final settlement