The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-27
FOR LARCENY AFTER TRUST.
II. j. DAVANT, JR. CHARGED WITH
APPROPRIATING $3.50.

The Warrant sworn Out by n Repre-
sentative of the Macon Fire Insur-
ance COmpany-Mr. Dnvnnt Gave
Bond Pending a Hearing of the
Case-A Receiver Appointed For h.
j. Davant & CO-InjunctiOn Issued
Holding Up the Money Now in
Bnnk-A Belief That the Matter
VIII De satisfactorily Explained.
Mr. r. ]. Davant, Jr., a well-known
young insurance man, was served with a
warrant yesterday, charging him with
larceny after trust, the paper having been
sworn to by Mr., Edgar s. Wilson of the
Macon Fire Insurance Company.
The warrant was taken out in Justice
Naughtins court by Mr. Wilson, and was
placed in the hands of Constable Lilien-
thai Mr.. Davant promptly gave bond
when it was served on him, in the sum Of
$1,000, the amount alleged to have been
taken in the warrant being about $3.50.
AS far as could be learned, Mr.. Wilson,
who is secretary of the Macon Fire In
surance Company, company that is now
practically out of business, has been in
Savannah about two days looking into
its affairs here, and it Is understood he
claims that about the amount Of money
mentioned. which was paid in premiums
to Mr.. Davant, who was the company $
agent in Savannah, has not been turned
over.
Mr.. JohnL Archer who is Mr.. Da-
wants partner, through his attorney.
Hon. Pope Barrow, applied for a receiver
yesterday for the insurance business of
r. ]. Davant & Co., specifying particular
~ the money in bank, and asking for an
injunction to prevent the bank from pay
ing it out until the further orders of the
court. The temporary injunction was
granted by Judge Fallgant early In the
morning, the bank was notified to hold
the funds, the amount in it's hands being
about that specified in the warrant, and
the business was placed in the hands Of
Sheriff John T. Roman as temporary re-
ceiver These papers have not yet been
filed in court.
There are, of course, two sides to every
story, and though Mr.. Davant could not
be seen last night, 1t is understood he will
interpose some alleged Irregularities on
the part of the company. 1t appears that
the business taken in the name of the
Macon Fire Insurance Company was al
reinsured in another company which is
in the hands of another agent here. 1t is
said MIR. Davant objected to this com
pany coming in and securing a share OF
the business directly, and for that reason
he simply held the premiums up, and now
has them on hand The other company
1t is stated, through its agent, refused &c
allow him to seek and renew the same
business after the expiration of the Ma
con Fire Insurance Company's policies
| as he considered he had a right to do.
There was talk sometime ago for a re-
| ownership for the business. Mr.. Archer
| became member of the firm when Col
| r. j. Davant, Mr.. Davant's father left it
| and it is said, he has not been satisfied
with the manner in which the business
has been conducted. This, It is stated, as
well as the result of Mr.. Wilson's visi
to Savannah, led to the application fo'
receivership before Judge Falligant. The
! case win come up for a hearing as to per
manent injunction and receiver, perhap!
| the latter part Of next week.
Mr. Davant has many friends in Savan
nah. and all of them will be 10th to be
| lieve that there can be any foundation fol
the charges which have been preferred
| 1t is believed that there will be an ex
| PLANTATION of the whole affair, which will
clear Mr. Davant from blame.