Evening journal., 1892-06-06
A CHARGE OF FRAUD.
Lawyer Ashbridge Brings Suit
Against Z. d. r. Sutton.
THE DEFENDANT WILL FIGHT HIM

The DEFENDANT WILL FIGHT HIM
Mr.. sutton is Sued for ~ 500 Under an
Agreement in tho Purchase of the VIII
mington Playhouse and Is sued For
ss,ooo Damages for Alleged FrAudu-
lent Representation A Charter For the
Academy of Music Company.
The Philadelphia Item of yesterday
said
"Abram S. Ashbridge Jr.. an attorney.
at law In this city yesterday entered
two suits. i'm Common Pleas Court No 4.
against Eugene G. r. sutton OF VIII
mington, Del, in one Of which he
claims s 300 under an agreement: aud
m the second. S., 900 damages for
alleged fraudulent representation re-
gardng certain stock
"Ihc suits arise in the following man.
ner Mr. Sutton purchased the Academy
of Music ON Tenth street near Tatnal
Wilmington Del of William =. Wells
and in payment Mr.. Sutton assumed vad
ous liens upon the property and left
cash balance unpaid Mr. Wells sold this
indebtedness Of Mr. Suttons TO
Mr.. Ashbridge, and to bring about an
amicable settlement of the matter. Mr..
Ashbridge and Mr. sutton entered into am
agreement ON October 81 last.
"Under this assignment Mr. Sutton
was 90 pay Mr.. Ashbridge $12 800 s., 600
! by the transfer of eighty shares of the
/ capital stock Of the Kennedy. Grosswith
| Electric Company, of par value of 500
I per share; $500 ina cash. 8 300 TO bo
| paid before March 25th last. aud the
balance by the transfer of an interest In
certain property in Wilmington Ii was
also agreed that Mr. Sutton should pay
90 Mr. Ashhridge 81 300 rent which
should be due from the leasing of the
building with privileges to offer certain
set l-olls against This amount
'lt Is this 81 800 which Mr. Ashbridge
sues TO recover In the action claiming
that no part 0f 70 has been paid In the
second suit Mr. Ashbridge alleges that
he took the Kennedy GrOsswith Electric
Company stock under representations
made by Mr. sutton that the latter had
paid So 600 for it and that the market
value of the stock was not and never had
been less than SlOO a share
MIR Ashbridgo now alleges. however
that he was informed by an officer oi
the company that the stock was sold ai
90 per cent. of it's value. or at $50 per
share. and that ii was now sold for $50 "A
share The plaintiff asserts that Tn,
stock has no market value whatever
Hence Mr. Ashhrdgo claims that th,
representations of Mr. sutton were falls,
3 and that he has been injured to the ex
. tent Of $4,000
AIr sutton Talks.
, When an EVENING JOURNAL reportc
t, called upon Mr. Sutton this morning. hl
/ said
e "Tho allegations laid down are falls
i, from beginning 20 end. 10 is true tina
a such suits have been brought. bnt hav
4 here In my pocket papers that vii
4 knock the case out of the courts
Ashbridge is yonng lawyc
who has nothing TO lose and who think
he may gain something The Who'll
A. thing has been sprung ON me ! di
trade Mr. Ashhridge S. 600 worth O
i Kennedy y-Grosswith electric stock 70
4 part of the equity they had in th
i Academy of Music property and som
e other Wilmington property
u "What is this Si 300 suitY 'rha
IA was rent due from James II. Shoemaker.
Al "Who does Ashbridge representa-
. william +. Wells
d "Why does the lawyer charge frau
i against y0ug' 1T simply means that
traded him the stock at 800 a share an
he can't get more than $50 for IT, | gay
him three weeks to investigate 10 bef0l
s the trade was made and went with him {
e the officers Of the company TO satisfy hn
" fits value have papers TO show that
4 my settlement with the electric compan
NJ / allowed them 500 a share for th
e stock have bills against Ash -bridp
n amounting TO more than 81. 300 whic
4 he refuses TO settle will 60 to Phil,
h delphia to-day and push things Co an is
a sue 10 is my intention TO wallop th
s life ont of these people in the courts
Judge Crubb Grants a.Charter.
On Saturday afternoon Judge Grut
granted charter to the Academy
l. Music Company, and the charter M
l. been sent 10 Secretary of State ID 2
e Marvel for his signature and seal III
~ capital stock of the company Is $50 90
d Several of the stockholders are Philade
phians They will purchase the Acaden
of Music in this city and convert 10 inf
a iirst-class playhouse