Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1898-03-31


GOWN streets, IN harrington, l3oHa ny w
lect'
commissioner Fowler was not satisfied
Win the appearance OF the Slb,ooO mort
gage on this property and went 10 Dover
Tor the purpose Of nsccrtaining infOr-
nation from the records. He found u
. diliic,ilt task and called upon Thomas
" frame, .Ir., mn attorney, to assist him.
ME- frame searched the record ana re-
ported 10 Commissioner Fowler, in writ
ing, mat there were. prior to the time the
Hlo'UOo mortgage was given, mortgages
ANA Judgments against me property az
gregating about SU'ooo while the prop.
crty Is SAID TO Nc worth between %O,0oo
ana SluuOl Inc Nl6uon mortgage was
MED with the court on December 3oth,
1871, ana the report Tor the insurance
commissioner was made out on December
'ilst, the following day. Mr.. Frame re-
ported that the $4,000 mortgage draws
no interest Tor the company, there being
other mortgages ahead oil IT. According
10 the record, n mortgage was given to
MOSES harrington on juno llth, lSoi'
anu on January l4th, 1876. another mort
J gage was given 10 Paris i. Carlisle. In
nhdt'loh' there are numerous judgments,
tne aggregate amount, as reported ny MT
framc' hclns S2'5.hoi.
This mortgage business looked like n
very funny transaction, so Commissioner
Fowler has retained copy of the tran
script from Inc record, and copy mas
peen furnished Acknowledgement White.
| After the mortgage had been looked
INTO, Or. ROVER began TO investigate
the worth OF the securities given III the
/ statement. The FIRST ltpIn 'N'nl-
cago, Joliet " Western Railway 20, D
per cent hrst mortgage gold bonds; par
value, SlOo.ooO; market value, SOL
ooo. Commissioner Fowler wrote 10 ihs
secretary OF the Commercial Co., concern
| ing the bonds, and received reply re-
ierrlng nm to the American Trust and
insurance 70 OF lineage W imam d.
Langley president OF inc latter 'ohi-
pHlS' Ielh'', mn Tue noohs OF ms COM
n'hs showed tnlt the ,ommer'ial 'hsh-
rance 20 held iuW per cent soid 'ohlS'
we par Nhiue p''hg HloV'uou. ne also
s'aie'i that ms company was the trustee
anu ne peneV'd mat Wnen the roau IL
competed me nohds VII hc WORM par.
No,nins was sun nnoI inc stage Oh com
Piet'oh tne roau nad reached anu no
u'nnl'e Information was given anoht IT,
80 tha' 'ne insurance commissioner knew
us much amour me matter as far as the
ac.uai Faiue was concerned att"r lie re-
oslfeu tle reprS rs ne nld peIore' 'm
.he american trust 20. le'ter heahs n"
n9 PIC "a mat tue eapi'ai STOCK gwen was
ca,,,,,,;..;,o. ,,a..,. A.,
1on,as ID ID v.r,n s c. "
RI ~. 1u.i'., Y.',.. .a't y" ~ r'' .''Hi'rl'
,ai';, s. i.rs..;. ~. M :
~, II, - III ,,'' 49, q
il - r r, ~. VI n''a1''
FL ~. ~" '' sr' u"
~ ie"s wv the't ','at ,n'
tp,,P"ns ''ail'lru 70 pe corporh'ion' put
, f" u" e'Nnenee vi Such ch''m could pc
,o'nu III any Vi 'ne departments o.
~ S.'' ~, III roneluSioh' ne Sail ~ IN"
-. II n,ahes no reports 10 lis Ie,
- ''n y, i'ius'nS " no 81 vi W" sI""ha
may y uoes not "rlte pohcieS ON proper
Hes ~ ihi'.oIs'
a, n ~ i.ehl ahung the hsselS was
T-'oou worm OF AMIR FICTION compost
,lon journal bearing oo' IRIS Company
was written 10 ana reply was f',"iv.h
10 tue erect that me oommr:cinl Co.
was the owner OF sz'ooo worth OF mt
STOCK. concerning It's value' the letter
san that as far as was KNOWN ny ihr
writer' none OF 1t was on the market
nut the last sale was made nj par. ne
letter was signed by John Z. Lorson, as
slstant secretary, chicago, III.
The Commercial Co. also stated in its
report that il was the owner of $1,000
worth of stock in the Green County Eiec
trio Co. The secretary of the Commercial
Co. was written TO for some data. con.