Morning journal and courier., 1891-05-29
SUITS BROUGHT.

Interesting Cases to Come Up Ike. gard1ng Stock TransactiOns-Thet Trustee of the Bunnell dE Scranton Banking House Enjoined-Prince | x Whiteley of New York Also-Mr. l stoddard Visits the New York Brokers.
 As remarked yesterday, suit has been brought by Lawyer John w. filling, in be- half of client which will involve an interesting point as regards marginal transactions in stocks, where banking house has failed leaving the stocks unset tied. The papers were drawn by Attorney John w. filling, representing Charles N. Holcomb of this city, who brings suit claiming that on July "A, 1890, said Bun nell & Scranton, on the order and at the request of the plaintiff, and as his brokers and agents, bought solely for the account and risk of the plaintiff, 100 shares of the common stock of the Erie Railway com pany of New York, for the price of ss6.- 25 per share, in all amounting to $2,625. The plaintiff paid $1, ,OOO down and the | stock was then bought by Bunnell & i Scranton for plaintiff, the firm advancing | the balance of the purchase money and l holding the stock as collateral for the loan, | and the plaintiff wants to get his stock by 1 paying what is due.
 The plaintiff alleges also that he bought I through Bunnell & Scranton 100 more shares of Erie at $19. .62t per share, paying $1, 900 down, the firm buying the stock | and holding it for balance due.
 Last Monday the plaintiff made tender | to Trustee Stoddard in cash of the amount | due on each transaction, and asked in re- | turn for the transfer of said Erie stock to him, which was denied.
 The plaintiff ayers that he stands ready | and willing to pay what is due and asks for judgment. The hearing will be had before Judge Prentice, June 5.
 There is, as said yesterday, no Connecti- cut precedent in cases ot the kind above mentioned. Hence Connecticut law will get new feature or two when this case is decided. New York precedents will no | doubt get thorough airing.
 l City Attorney Daley said yesterday:
 "Certain depositors of the bank have come 1 to me and complained that the firm accept | ed money when it knew that it was insol- | vent, and to determine that point an in vestigation has been begun. What will come of it cannot say, but believe that if the facts are found as stated such pro- ceedings will be brought The investiga- l ton IS ln competent nanQS ana WnaG HAS already been found out do not know"
 Mir. Daley denied the names of the com
 plainants to the reporters who inquired of
 him on the matter, but said that one was a
 lady, the other gentleman.
 TRUSTEE sToDDARD VISITS NEW YORK BANK l ING HOUSES. .-'' f-
 Trustee Stoddard went to New York
 yesterday in the interests of the affairs of
 the Bunnell & Scranton bank. He was
 accompanied by member of the law firm
 of Bristol, Stoddard & Bristol and visited
 the banking houses of Prince & Whiteley
 and Lawson &c Go. with reference to the
 stocks held by them for Bunnell & Scran-
 ton. One object was to find out what was
 necessary and essential to know as to the
 amounts paid on the stocks, balance due,
 endorsements, etc. The New Haven gen
 tlemen were afforded every facility for ob-
 taining the requisite information and were
 afforded every courtesy. They returned
 last evening.
 ANOTHER SUIT HAS BEEN BROUGHT.
 It is learned that Mir. Addison Smith ex
 president of a New York bank, father-in
 law of the late Mir. Bunnell, has brough
 suit in New York against Prince & White i; ley to recover the value of the stocks helc i; l by him through the late house of Bunnel & Scranton, upon which he made a tender
 few days ago of $36, ,000-the balance : due-to the law firm of Bristol, Stoddarc , & Bristol.