Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-08-21
SUES FOR A BIG FEE.
Mr.. RoyALL WANTS $25o,ooo FROM
THE FOREIGN BoNoHoLpERs.
lie Charges Breach Of Faith on the Part
OF vfrgInia's Creditors After Her
Debt was Settled.

Debt Waa Settled.
| Suit was instituted and an attachment
sued out In the Chancery Court yesterday
by Mr.. William L. Royal against the Cor
poration OF Foreign Bondholders aud
Frederick P. olcott. Charles Z. Dickey. J7..
William i. Bull. Hugh X. Garden. Henry
Bulge, and John Gill, commonly known
az the Bondholders' Committee--all of
whom are non-residents Of this city-and
the Planters National Bank Of Richmond.
and Mann S. Quarles as agent of said bank,
! aud ell other such persons or corporations
as the plaintiff may hereafter find out are
| indebted to or may have any OF the estate
! OF the bondholders In their hands or under
their control. The complainant prays for
an award of S250.0O0 because OF an alleged
breach of promise on the part OF the de-
| fendant corporation.
After explaining now he became con-
nected with the litigation between the
| foreign bopdholders and the. State, the
orator states how and when he was noti-
| fed by Hyde Clarke, secretary OF the
| Council of Foreign Bondholders OF Lon
don, Eng, that he (RoyalD was from that
| forward the legal representative OF the
council in this controversy.
| The bill at this juncture explains the
| purposes and powers OF the corporation
| involved aud sets forth that the orator ac-
cepted the proaered position and has from
| that time until very recently been con-
! tinuously in the employment OF this coun-
Gil.
The complainant tells of his leaving
| New York and coming to Virginia IN 1854
| in consequence of q contract with the
| bondholders' corporation TO take charge
| of It's business and devote his entire time
TO it at salary of $1,000 per month, the
agreement to be terminable when the
| BoDdholders' Council might please. The
| claims Of the corporation OF bondholders
were pressed by the orator until new set,
Element of Virginia's debt had been reached
in the spring OF 1892.
PRESSED FOR A CONTINGENT.
As the case proceeded the orator pressed
| for a contingent fee upon the success OF
| his side of the litigation pending in TIE
| higher courts. Letters from both the
secretary of the Bondholders' Committee
| and MIR. Royal upon this matter are quoted
| in full in the bill. The orator asserts
| that he considered certain communica-
| tions from his employers as their pledges
| that he should be properly remunerated
| for his services should they result Dene-
| fcially to the bondholders.
Later on, and in view Of the circum--
stances surrounding the case, MIR. Royal
sets forth that he went to London ana saw.
| the Virginia committee of the council or
| Foreign Bondholders. and that an agree
ment was there ans then formulated that
he should receive only $500 per month Tor
his services from that time forth In the III
terest of this corporation, but that he
| should be allowed TO take IN other Dusi-
ness.
Touching upon the matter OF con-
tingency the orator states that at this
meeting - it was perfectly understood that
the committee thereby bound itself and It's
principal (the Corporation of Foreign
Bondholders) to do everything us power
to secure for your orator fee contingent
upon the result that should bear proper
proportion to the magnitude OF the inter-
ests involved, and the value OF your
orators services in bringing settlement
about, when q settlement should be
secured
TO EFFECT SETTLEMENT.
Further on SIR. Royal in his bill recites
that T.. p. Olcott aud Others formed them;
selves into bondholders' committee and
undertook to get up scheme tor enectlng
settlement between Virginia and her
creditors, the result of which effort IS
known to every citizen in the Common
wealth, and subsequently he was author
lied to cease pressing further the claims
of the bondholders against the state.
The bill refers TO yolumlnous CORE
spondence which took place between Sec
Rotary O'Leary and the orator up to June
/, 1892, when Mr.. Royal wrote letter
which requested a cable response. ms
communication has never been answered
Hence the suit, which was brought by
Messrs. Pegram Il Strlngfellow and A. B.
Guigon. counsel for the plaintiff.
Dir. Royal tskes the ground that the
effective result upon which he was to re-
ceiye compensation was reached when the |
settlement between the State and the cor
poration of bondholders was reached In |
the spring of tins gear.
MEMORANDUM OF The COUNSEL.
Counsel for the plaintiff also filed the |
following memorandum, which deals
tersely with the case:
The Commonwealth Of Virginia.:
To the Sheriff of the City of kichmond,-Grest-
ing: Whereas, bill in equity has been filed |
and suit instituted In the Clerks office OF the
Chancery Court OF the city OF Richmond, brought |
by William l.. Royal against The Corporation OF
Foreign Bondh0lders, &C, 70 recover from the |
said The Corporation OF Foreign Bondholders
s250.000 danagee for breach Of contract !
made by the said The Corporation OF Foreign |
BOndholders with the said plaintiff and 70 Sc |
cure the payment OF the same by an attachment
against its estates, and there has been fled in !
the Clerks oflce OF our said court an 6ndayit by |
the plaintiff, William l.. Royal, that ne |
has claim against The Corporation |
OF Foreign Bondh0lders, one or the de- |
PENDANTS 90 said bill, when he believes |
20 be iust, TO recover OF and from IL dam
ages for the breach Of contract made by |
said defendant with him, get forth In the bill; |
that he has present cause OF action therefor, |
and that he believes he Is entitled TO and ought
20 recover from said The Corporation OF Foreign |
Bondholders the sum OF S2oO'OOO at tho least |
for the breach Of its contract Aforesaid; aud /
that 10 the best OF his. the said afiiants, belief
the said defendant, The Corporation OF Foreign |
BOndholders, is foreign corporation, and Is not |
a resident OF this state, and has estate or debts
owing 10 ii In the city OF Richmond, In which |
this suit Is brought; and that said defendant |
being nonresident Of this State, is entitled 10
the benefit OF lien legal or equitable, on per- |
sonal property within the city aforesaid, and |
has within said city rights OF interests |
OF pecuniary nature which can % pro |
tected and forced or proceeded against In |
courts OF law or equity; and, further, |
inst said defendant. The Corporation OF For |
eign Bondholders is removing, intends 10 re- |
move, or has removed lis own estate or the pro- |
ceeds OF the sale OF its property, or material |
part of such estate or proceeds out OF this state,
so that process Of execution on judgment or |
decree, when obtained In this suit, Will DO IN |
awaiting.
Therefore we command you that you attach |
the estate Of the said The Corporation OF tor- |
eign Bondholdecs for the amount OF s2oOOOO' |
aud such estate 80 attached IN your hands 70 Sc |
cure, or so 10 provide that tue same bo FORTH |
coming ana liable TO further proceedings there |
upon, 10 be had before our said court at the next
regular term thereof, and that you make return !
thereof 20 October 3, lSY2, the nrst day OF sald
term, and have then there this wrll.
Witness, Charles w. Goddin, clerk OF our said
court nj the courthouse on the 20th day Of Au- !
gust 1892, and the 1l7th year OF the Common
wealth CHARLES w. GODDN.
MKNoRANDUM.-Sery on the Planters Ma
tional Bank OF Richmond, and Mann s. Quarles, |
agent OF SAID bank, ana said Mann 5. Quarles In
diyidually, who are required 20 appear on Octo-
Der g. 1892, the first day OF the next regular
term 1892, OF the Chancory Court OF tho city OF
Richmond and disclose in what sum they are
indebted to the defendant, the Corporation OF
Foreign Bondholders and what estate Oh the
SAID defendant they have IN their hands.
The Planters Bank and Mann ). Quarles,
it's cashier. are named by counsel as parties
indebted to the bondholders.
improvements at the Institute.