Evening star., 1897-08-06
USED on MARGINS.
Florence l.. Claiming Files Suit
Against Stock Brokers.

Florence l.. Claiming Files Suit
Against Stock Brokers.
A s,tit in equity. asking the canceling of
certain notes, the appointment of a receiver
and an injunction, has been filed in the Su-
preme Court of the District of Columbia by
Florence j.. Claiming against Macdonald
Bullock & Co. and the American Security
and Trust Company.
Macdonald, Bullock & Co. are sued as
stock brokers. having certain moneys and
holding certain chatteis and personal prop
critics belonging to the complainant. For
some time past, the latter says, she has
been customer of the firm, buying and
selling various stocks, whereby neither
party at the time of making the contracts
of buying and selling aforesaid intended
to deliver accept the stock, but merely
to pay differences thereon or margins. ac-
cording TO the rise or fall of the stock
market"
Although she has repeatedly requested
The firm to give her an itemized account
of her dealings with 1t, says the complain
ant, the members have refused to do SO.
and have from time to time put her off
upon various preteNts, among others, upon
the ground that they were too busy so to
do. unless she paid for an accounting from
their books. For that reason, she explains,
she is unable to state with definiteness the
amount CT money which she has paid into
the concern. for which she has received no
money 50 paid aggregates large amount.
In addition. continues the complainant
the firm has in its possession certain chat
tells and personal property, including dia-
mond rings, sunbursts. sapphires, brace
lets. chains and other jewelry. that could
not be replaced for less than $1,000, but
have a greater value to her than any mon
ey value that could be put upon them, be-
ing heirlooms and gifts from relatives
TIE jewelry mentioned was placed in the
hands of the firm, the complainant states
as collateral to secure differences or mar
gins. She was by various devices and
tricks of the firm, she adds, kept in ignor-
ance of the actual state of the market and
the firm prevented communication between
her and her friends over the telephone
from its office as to the state of the mar
ket, as to when she should buy and SELL
and thereby caused her great loss, as she
believes more than the amount of money
that the firm claims she ever was indebted
to it. and more than she had intrusted in
its hands.
After reciting in detail number of trans
actions with the firm the complainant goes
on to say that she has been notified that
the firm proposes to sell the jewelry be-
cause of her alleged non-payment of GER
tain notes for which the collateral was
posted. With the exception of $50 she never
received anything of value for the notes,
she says, and the firm is not entitled to
hold them. In conclusion the complaina mt
recites that since October. 1896, the firm
has received from Eer at least $500, which
II has used CT pretended to have used up
in margins or differences on stocks charged
against her, none of which were ever de-
livered or intended to be delivered by either
party.
The complainant. therefore, asks that the
court declare the collateral notes null and
void; that the jewelry be ordered delivered
to her; that while the suit is pending a re-
ceiver be appointed to take charge of the
pro perty; that th'. defendants be restrain
cd from disposing of the property. and tn At
the firm De required TO pay over all sums
received from her on account of differences
margins stock dealings
The American Security and Trust Com
pany is sued as custodian of certain of
the prop erty involved in the suit.