The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-03
ADULA WILL NOT GIVE BOND.
LITIGATION TO CONTINUE OVER
THE PROCEEDS OF THE SALE.

THE PROCEEDS OF THE SALE.
The Atlas Company Has Declined to
Give an $4,000 Bond, and VIII Let
the Vessel Go on the BlOclS-VaI-
ued the Vessel IntrinsicaIIy at
Only S45.OOO-The Unfortunate
Predicamcnt of the Crew-Had
Property on Board Which VIII
Probably he sold Along with the
Vessel.
The owners of the British steamship
Adula, the Atlas Steamship Company Of
Liverpool. win not give bond for the
steamer. but Will allow her TO get sold I'M
der the decree of the court and will car
ny on The litigation over the proceeds.
This appears to have been decided yes
terday, as Maj. p. w. Meldrim received
a communication from the owners stating
that they had decided not to give bond.
The trouble is. Maj. Meldrim said, that
the amount of the bond to be given was
put too high, and rather than give it the
owners decided to let the vessel go to sale
and contest the ownership of the pro-
ceeds
The owners of the steamship had until
to-day TO give bond under the decree of
the court. The amount of the bond re-
quired from them was the value Of the
steamship as appraised by the officers ap-
pointed by the court for that purpose
They put the Adula's value at $4,000, and
the owners would have had to give bond
for that amount Maj. Meldrim said that
ir,tts a
only $4,000, and were unwilling therefore
to give bond in so large a sum-
The result will be that an order of court
for the sale of the prize will be taken. This
will no doubt be done within a few days.
Under the order of court with regard to
that matter it was provided that the sale
should take place in Savannah or such 9TH
er place as the court might direct. 1t is
probable that those most interested will
ask to have the Adula sold in New York,
for the reason that there is likely to be
a better market for vessels there, and
there Will be more bidders.
According to court regulations the YES
sci must be sold by some expert auction
eer appointed by the court, and the sale
must be advertised for at least fifteen
days before it takes place and notice
must also be given by posters.
Nothing has been said upon the subject
but 1t may be the plan of the owners to bid
on the steamer when she is put on the
block, and the chances are they viii be
able to purchase her for a good deal less
than the amount of the bond they would
have been required to give for her release
In the meantime the crew of the prize
vessel are I'm most unfortunate condition.
There are thirty-fve of them in all, and
they are still here simply waiting without
knowing anything about what Is going 10
be done so far as they are concerned. OF
course they are all anxious to get back to
Jamaica, but their best and perhaps the
only opportunity for some of Them is to
go with the Adula in the event of its return
TO the island The chances are that they
win remain right here until the vessel has
been sold.
The crew are unfortunately situated In
another respect, for they owned consider
able property on board which was seized
along with the vessel. For instance, there
is a piano on board which was purchased
by contributions from members of the
crew, and that as well as other property of
q similar kind Will be sold when the Adula
is sold. 1t appears, therefore, that the
members of the crew will lose considerable
through the unfortunate circums tanees
which surround them.
IL IL not believed Andt u BOOu market OF
the vessel would be found here and for
that reason it has been stated that in all
probability, the Adula will be taken to
New York to be sold. Whether that will
increase her value at auction or not re-
mains to be seen.
After the sale the proceeds will be turn
ed into the registry of the court, and the
litigation will continue just the same as
II it were over the vessel. An appeal will,
of course, be taken, and the defendant
company will probably carry it to the last
extremity If the case should continue
against 1t.