The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-11
MAY RESULT IN A LAW SUIT.
A NEW FEATURE OF MAI. HART
RIDGES TRANSACTIONS.

An Issue Said to Be Involved Be-
tween One of the Banks interest
ed and Merchant Who Held One
of the scrip-The Question Hinges
on Whether He should Have Given
Notice That the Paper Was n For
gerry Before Letting 1t Go Out or
His Hands-EHOrts Made Yesterday
without Result.
Unless there should be some settlement
in the cases against Maj. A. L. Hart
ridge, charged with raising Southwestern
railroad stock certificates, it may be that
one feature of it will result in a law
suit to determine who should be response
BILE for the loss on one of the raised GER
tificates. ltkllIlE
The Issue, 1t appears is between one of
the banks interested and a prominent
merchant who held the scrip, and who
was put on notice by the transfer agent
of the Southwestern railroad, that it was
a forgery two days before it was present
ed at the bank by Maj. Hartridge, and
attached to his draft on Simon Borg &
Co.
When Maj Hartridge paid the party
who held the scrip. 1t is understood the
scrip was surrendered to him, and that it
was afterwards used with the draft on
Borg & Co., which was refused in New
York Monday. Il is understood the claim
is made by the bank that the party who
held the scrip, having been put on notice
that it was a forgery, should not have let
it gone out of his possession, or if he did
so, that he should have put ali parties
interested on legal notice of the fact that
it was a forgery.
On the other hand it may be commended
that the scrip was surrendered to the
same party from which it had been Sc
cured on the payment of the money Dor
rowed, and that the party in question
could not be presumed to know whether
the money paid by the borrower was his
own or was obtained from someone else.
These are interesting questions which
may come before the court unless there
is a settlement of the transaction before
it reaches that stage.
1t will be remembered that as soon as
Borg q Co. were notified of the fact that
the certificate was a forgery, they took
steps to locate it and to warn all parties
Dy pubic advertisement, against recclY-
ing it or dealing with it in any way. But
it is also known that the certificates stood
in the name of Borg & Co., and that their
power of attorney had been given with it
to transfer it on the books of the COM
pany
1t is understood that efforts were made
yesterday by friends and relatives of Mai.
Hartridge to secure some settlement of the
cases. 1t is known that both President
Henry Blum of the Germania Bank and
President Herman Myers of the National
Bank of Savannah were approached on
the subject, and it is said some PROPOSE
ton was made to the National Bank which
| the board of directors had under consider
! alton at a meeting in the afternoon. Just
! what this proposition was, or what action
was taken by the directors with regard to
| it, could not be ascertained, as President
| Myers refused to say anything with re-
| gard to it.
| Both of the banks, however, have the
/ matter under consideration, though moth
| ing like a definite conclusion has been
arrived at. 1t is understood, too, that both
| of them will push the matter to the end,
unless a settlement is made. If that is
! done it is said the matter would then be
| allowed to take It's own course through
! the courts without being urged by them
Maj. Hartridge is still sick at his home
on Harris street, being too i'll to be re-
moved from there to the jail. He was still
under surveillance by Officer Mike Han
| ley who has in his posse ssion both of the
warrants. 1t is expected that further eff
| forts will be made to-day to secure a set
Element, though with what result remains
| to be seen.