The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-06-23

was offered for $62 900, and why $685.,
| 600 was paid by the company, when
| the owners of the property only re-
ceved $4,000 therefor?
~ An explanation of the inaccura-
ces of the plat of --- referred to in
his letter to r. c. Hoffman, president,
| June 10th, 1894, as compared with
surveys of such property, subsequent
| ly made.
| "A true copy:
w. S. BALL,
Secretary"
| FULL AND FREE EXPLANATION.
Mr. Winder's reply, filed with the
| Board of Directors, is as follows:
ATLANTA, Ga, June 10, 1896
| ''To the Board of Directors of the Sea-
board Airline Belt Railroad Com
pany:
Gentlemen: 1t has recently come to
my knowledge that there is discre-
pancy between the actual amount paid
| for a certain tract of land purchased
| by this company of the Atlanta Eleva-
| tor and Warehouse company, and the
amount expressed in the deed as the
consideration; the actual amount paid
| being $4,000, the consideration in the
| deed being $4,000.
THE error seems to have occurred
in this way:
''1'he total amount agreed upon for
the purchase of the property from the
Atlanta Elevator and Warehouse com
pany and an adjoining piece from
Simmons, Hope 81 Robinson (they be-
| ing i'm fact the same as the Atlanta
| Elevator and Warehouse company was
| $50, 600 The original intention was
I rB, I, la To hr,t n
| pieces of property. Afterwards it was
| decided that there should be two deeds
one from the Atlanta Elevator and
Warehouse company, the other from
Simmons. Hope a. Robinson. as indi-
viduals. The deed from Simmons.
Hope d Robinson, as individuals, was
| to have been in the amount of $4,000;
| the deed from the Atlanta Elevator
and Warehouse company should have
| been for the balance of $4,000, or
| S35. 1000, which was the actual amount
paid. Instead of this. the party who
drew the deeds COMPOUNDED the amount
| to be paid for the Atlanta Elevator
and Warehouse company's tract with
| the total amount to be paid for both
| the Atlanta Elevator and Warehouse
| companF's tract aEJ tae Simmons,
Hope & Robinson tract.
This transaction was one of those
| made through Mr.. George j. DOrr, of
| Chicago, and / herewith submit a
| transcript of his account with the
| Lowry Banking company, of Atlanta,
and the cancelled checks given by him,
| including those given to the Atlanta
| Elevator and Warehouse company and
| Simmons, Hope & Robinson, as indi-
viduals in full payment for the tracts
| mentioned.
| II desire that this report be made
q matter of record ON the books of
this company. that there may be no
| confusion in the future in reference
to this matter, and as a protection
| to Mr.. DOrr who acted simply in the
capacity of a friend
Respectfully submitted,
JOHN III. WINDER,
president"
In reply to the inquiry about the
Overton & Dun transaction, Mr.. Win
| der stated to the directors that the
| 50 900 was a bonus paid to them on the
grading contract, but paid down at the
| time of the other transactions to get
| them to surrender their lease. The
grading is now in progress on the site
| of the proposed new depot, and the
| So 600 paid to Oyerton d Dun in 1892
| has gone to the company's credit on
| this grading contract.
In rely to the inquiry about the
| 81 900 asked for with which to pay
| for the Kontz lot, Mr.. Winder replied
that he never got the money, as it was
deemed best after he had asked for
the money not to complete the trans
action.
Replying to question No. 4, Mr..
Winder stated that the plat showed
| the property which he expected to buy
| for the depot site, and not what was
bought at the time the plat was made.
| 1t often occurs that plat is made of a
site for building before all the ground
for the site is acquired, and this was
one of those cases, he said. He denied
emphatically that he had misappro-
priated any Of the company's money,
and when the resolution was publish
ed yesterday afternoon Mr.. Winder
was mad He had his attorneys,
Messrs. Burton Smith and Shepard
Bryan. proceed at once to bring suit
for 100000 against the officers OF the
lines composing the Seaboard Air
Line. The action is directed against
the Fidelity and Deposit company OF
Baltimore, r. c. Hoffman, the Sea-
board and Roanoke railroad, the Raj
eigh and CASTOR, the Durham and
Northern, the Raleigh and Augusta