The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-10

sixteen shares, was changed back to six
teen shares. and on Sept 10,
was transferred to the National
| Bank Of Savannah, and a new
scrip for sixteen shares in the bank $
name Issued This new scrip was then
! raised 10 sixty shares, and pledged to the
! bank for loan.
This scrip the National Bank of Savan-
nah stlll has, It having loaned Maj. Hart
| ridge 1920 on 1t about the time mentioned.
! President Myers says, however, the bank
/ will be out only about $500, as the scrip
| is still good for sixteen shares in Its name.
/ 1t was on this account that the National
Bank of Savannah had the warrant is
sued for the arrest of Maj Hartridge.
As soon as Borg & Co. OF New York re-
ceived Mr.. Menhard's telegram, they sus-
pected the situation and sent their attor-
ney, Mr., Leopold Wallach, to Savannah
Mr.. Wallach arrived here Saturday morn
ing, and saw Lawton & Cunningham, VINO
represent Borg & Co here. Ihey knew
that the scrip in their clients name was
out, and that their clients power OF attor-
ney to transfer It was also out with II, put
where to locate it was another thing II
is understood they saw Maj Hartrldge at
II O'Clock that day and tolo nm
that the scrip for nineteen shares raised
to ninety shares must be produced al once
Maj. Hartridge, it is stated, promised 70
produce it by or before O'CLOCK AZ Z
O'Clock the scrip was not there, nor was
it there at 2:30 o'clock, and that afternoon
an advertisement was published warning
anyone against purchasing II. me au-
vertisement was published in the morning
News Sunday morning.
1t was about 3 o'clock the same aIter-
noon that the news was received OF MAJ.
Hartridge's serious Illness, a stroke OF
apoplexy. It was then called. me next
day, Sunday, however, he was much bet
ter and was pronounced out OF danger
and it was also developed that his condl-
ton was due to some drug, presumably
morphine. 1t is reported, now
ever. that his condition was the result OF
his business troubles.
The Germania Bank, as stated, has two
of the raised scrip, each raised
from nineteen to ninety shares,
one of which was hypothecated
then in January and the other
was left there with the draft on Borg q
Co, which has just been refused. On one
the bank loaned $780, and on the
other Major Hartridge drew $1,000.
the amount the draft called
for, a total of $13. $780, on which the
bank will lose all but the value of thirty
eight shares of Southwestern railroad
stock.
The scrip held by the National Bank of
Savannah has already been mentioned.
There is a fourth scrip in the possession
of the Savannah Bank and Trust Com
pany, which has been raised from seven
teen to seventy shares. on which some
where between $4,000 and 5000 was loan
ed. This loan, however. was negotiated
through a third party, who has assumed
all responsibility with regard to it, and
the bank will lose nothing by it. The
bank officials made the following state
ment with regard to this scrip:
I'VE have no loan nor have we had any
loan with A L. Hartridge. We had a
loan to another party partly secured by
some Southwestern railroad stock which
we found had been raised by Hartridge
from seventeen to seventy shares. The
party making the loan has promptly as
sumed all liability and protected the bank
absolutely"
Maj. Hartridge last night was still in
charge Of the constables.