The herald., 1895-09-04
What the Victims of Elliott
Have to Subscribe
TO PAY CHAS. VICTOR HALL
Hall and the Stockholders have Finally
Come to an Agreement
They Are to Carry Out EIIiott's Contract,
But VIII Be Required to Supply the
Money He Embezzied

A positive understanding has at last
been reached between CharlesVictor Hall
and the stockholders in the Administered
homestead tract No. 9. As result the
purchasers OF lots from the embez zler
Elliott, will be enabled to continue with
the monthly installments and receive
deeds from Mr.. Hall when they have paid
in full. The stockholders are also re-
quired to raise $4,000 more than they had
expected. which represents the amount of
which they have been ieeced by Elliott.
The terms of the agreement are in SUBJ
stance as have already been outlined by
The Herald in its exclusive reports of the
doings of Elliott's victims.
Another meeting OF the stockb olders
was held last night in the Ninth street
engin house when the terms of the agree
ment, together with the result of the COM
mittee's conference with Mr.. Hail, were
read and approved. There was an excel
lent attendance and it is evident that
those interested are united and propose
10 push the affair to a successful termin-
alton. A spirit of harmony seems to
characterize, the stockholders and this is
one of the points positively insisted upon
by Mr.. Hall before he would be willing to
treat with them.
Chairman Whittlesey called the meet
ing to order and after the minutes of the
previous meeting were read. W. II. Cook.
the chairman of the committee that had
had the conference with Mr.. Hall, pre-
sented the report. The proposition they
had made to Mr.. Hall was that the stock
hol dorc ha oil hA
tract that he had made with Elliott. By
this arrangement there would still be
deficit of about $4,000 which the stock
holders would subscribe themselves.
There is yet due MIR. Eall ABOUT 500, 500.
which constitutes the liability of the
stockholders. Their assets are estimated
Mr. Elliott's contract, $13, ,455; estimated
cost of twenty-one lots unsold that will
revert to the stockholders $32Sl; one
house and lot. $1,000; another lot given
up, $500; total $1s.o26. This still leaves
a deficiency of 1894 due Hall. And
wien the interest and some of the othsr
necessary expenses have been estimated
it will bring it up to about $4,000. There
are about 100 purchasers of lots, and the
proposition is for tnem to pay $50 each.
in monthly installments covering ninety
days. which will raise the necessary de.
hclt. Ihe balance due Mr.. Hall can be
paid in about three years time at interest
at per cent. 1t Will thus be seen that
the stockholders are out only $50 apiece
more than they had agreed originally to
pay Elliott.
Mr.. Cook again urged upon the stock
holders the necessity of standing together
on the proposition and doing all that was
possible to see the deal carried to sue
cessful termination.
After some general discussion the re-
port was accepted and the. committee
empowered to treat with Mr.. Hall and
make all the necessary arrangements to-
ward settling up the tangle. Mr.. Hail
will not argee to anything unless every
body acquiesces to the transaction, and
he asks that all of the stockholders sign
the articles of agreement before he pro-
poses to have anything to do with them.
What IS now required Of the committee IS
to see him and arrange final settlement
and get it in writing, after which it will
be returned to the various stockholders
for their signatures, and then Mr.. Hall
will sign the contract.
1t was decided to have the headquarters
for the signatures to the contract at the
office of Cook & Parsons, at 244 South
Broadway.
The committee will maks their report
at another meeting of the stockholders
to be held during the course of the
month.