Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-21
A GHOST OF LOST GOLD
Walks Through the Vaulted Corri-
dors of the Court House
DEMANDING A FULL SETTLEMENT
Of the Affairs of the Defunct Allegheny
Trust Company.
OVER TWO HUNDRED PERSONS SUED

The ghost of the defunct Allegheny Trust
Company has again dropped its lank, dlsa-
greeable form into the Allegheny county
courts, and the many stockholders in the
broken financial concern must answer to
bill in equity requiring them to make good
certain money which it is alleged has been
owing since the company was swamped In
the financial meshes about 90 years ago.
The last bill III equity affecting the trust
company was filed this week by Messrs- y.
E. O'Donnell and H. F. McGrady, attor-
news for Charles Maginn, the plaintiff In
the bill it is alleged that the Allegheny
Trust Company was organized on January
l, 1861 with capital stock OF S6O,OoO, d.
vided into 800 shares of 5000 each. In
November %, 1871, the capital was in
creased to $3.50, 900. On January Z, 1870,
the concern suspended business, being in
solvent, and Arthur Hobson, William Sem
pie and Joseph McNaughcr were appointed
liquldative trustees OF the board. The CO.
partnership continued annually to elect Its
Board of Directors up to 1882, since which
time the last board elected has held over
and has never been dissolved.
The Trustees Passing to the Beyond.
Arthur Hobson, one of the trustees, has
since died and R. w. Cartwright was ap-
pointed to succeed him. William Semple
has also since died, but no successor was
appointed. The liability of the company was
never actually determined until about
April 1891 At that time the liability of
the shareholders amounted to S17o per
share. Joseph McNaugher, trustee, it is
claimed, has In his hands moneys belonging
to the co-partnership, together with the
books and papers of the same. In con-
clusion the Court is asked to appoint re-
ceiver for the purpose of collecting the
amounts ascertained to be due from each of
the said defendants, according to their said
liability.
The Allegheny Trust Company has been
in court several times since its failure IN
1875 Many OF the original stockholders OF
the concern have since died. 1t is alleged,
however, that the estates, if they left any,
are liable, as the concern was not corpora
tIon, but was co-partnership. On account
of the large number of people concerned in
the contemplated suit the filing of the bill
has excited considerable concern and it is
believed that an almost endless number of
suits will grow out of this one, which 1t is
claimed is intended as a test case.
A Long List of Defendants.
The defendants to the suit are:
Fred Andrlessen, H: ". Arthur. Christian
Brown William Burdett. Jacob Burkhart Mary
n, Connolly; samuel Grow. John Dalzeil, Philip
sy dsn Hs Sdres wa HoaR
Jr p lttel 5. Lo~rnstein, Fred Malsch. W. j.
Means, Charles c. Melor and Herman II. Hoeue:
Msnacss SIsH MylsT hucy ysmei e. MccomS J G. Nen
vioetts /. Qsgood Albert PITCAIRN Andrew es PIT
i: spence, Fred Stable: Fred; EFsd Sender; sander;
81 WsoS cS zes John William AIT
cock. Priscilla Andrews: Robert Andrews. Will
Rn bade RsdfE Msa sGs1 nSya q soa
Boyle ESsn Brewer Es,hfF K
James Munden. Sarah A. Carr. William Cham
hers AndreT Davidson Elizabeth hntse Pavd;0n EI,on
EsITs 5 aHd jG$4 S1.fS TsssE ssSS:
Has1eit. il a: 5: :; HedgsT " Wlan n: MsKevey ana
Piiisburg iiii s.I' William Holman, E, Hosick,
Robe Robert I Lea. Jane A. Lindsay. David Macferron
Frances Martin, J ohm Aston Edward Merrman.
Joseph Meyers. Benlamln alller, Hlary a: tIoorc,
Joseph McNaugher. Samuel McSaugher J.. G.
Pearson, g. W. Reed. John F. Edmundson: w. A.
Reed. G. Reel, Eliza Reel, John A.. Reel. j. G.
James Richey, James Richey. .Jr.. Alexander Koh6.
Rynd. William f. Schmertz. James A. Sholes.
.rsI W. H. s'"fs Slack, " Jane sterrett. Levi Bird
F.. Fun william n VansnTen: Michael XeiocE..
Annie voegtly, John Hoegtly Sr.. William
Williamson, Thomas Woodside. John Wri ght. NJ.
X. Young, Janet Alexander, Z. B. Alcock: John
Alston, James Andrews. f. X. Armstrong, William
Bahrnger J. c. Bailif. Margaret Barr, Jacob
Beckerf. Elizabeth Best. c. 2. Biddle, Eliza Bidde.
i. NJ. Boyd. J. W. Boyd. L. II. Boyd. NJ. Ii. Boyd.
Thomas BOYD, William BOYD J. 2; Brown, Eliza
Ed Czarnecki. NJ: A. Dickson. NJ. A; B: Doherty,
]. G. Downing. Margaret Evans. j; X. Forester,
Christian Gerst. H. A. Gilmore, James Gordon,
Nathan aa dnn Ha1tsn n aenrE
Bonn B. Heron es"sSssei jane hlObson. D. c. HUH,
Iron city, Life Insurance Company; F.
Moore, Thomas Morrow, Jacob Mutzlg. Amanda
Neale Annie ID. Reel, Rosa Reel, jeff Reinenan.
NJ Rhoads j. Rs'hsshd: sahh,ds sames sR91sa sRSnd
z. StrlckIer. S. W. Stuckrath, William Tate. Jr..
as5 Ss5oa' HsSsa %S'ss5
snran sas reVre Wsfrry ys.ra Ssn Gsn
ningham, Ellen Mckinney orrlsyilla S. Williams.
Mackin, and Joseph McNaugher and X. W. Cart
wright, liquidating trustees.