The age-herald., 1900-03-20
A TENDER OF COLD CASH WAS REFUSED. Offer for Redemption of BuyCk & Thomas Property.
 4lIf LEGAL PROCEEDINGS BEGUN Bill Filed in the City Court Praying for Relief-T. G. Hewlett Company Incorporated With Capital
 Stock of $15,ooo
LEGAL PROCEEDINGS BEGUN

Seventy-six thousand dollars in cash le- gal tender was offered yesterday for the redemption of the Buyck and Thomas property in this. city. The offer was re- jected.
 This property consists of the large brick structure in north Twentieth street near the union passenger station, and three other business buildings elsewhere in the city. The property was sold under mort gage March 21, 1S9S and was purchased by Sol Haas of Birmingham and T. B. Lyon and Joseph Bryan of Virginia The statutory period for redemption would have expired today; but MT. Haas and associates rejected the offer of the redemption money for various reasons, chief of which Is alleged to have been the fact that they had sold the property under right of their purchase; that it had passed or was about to pass into the ownership of third persons, or words in effect amount ing to that.
 It is understood that the tender of s76,- GOO carried with it interest to date, and an obligation to pay the cost of permanent Improvements. The rejection of the ten der will cause the matter to be taken into the courts. Indeed, legal action has been already taken. Lewis D. Parsons, for the moptgagors, yesterday filed in the city court a bill praying the court to set aside the entire transaction connected with the mortgage.
 In the matter of the cash offered for re- demption, the interests of the persons seek ing to redeem the property were directly represented by Leo K. Steiner, of the banking house of Steiner Bros. MT. Steiner provided the ready money. nscI ,
 Seventy-six thousand dollars c6nsfitute one of the largest sums of "eohi 'eash'' ever rendered in any business matter in Birmingham. There were no checks, cer- tified or otherwise, no bonds; but the actual money of the United States. Of course, there have been various transactions here involving millions of dollars in each in- stance; but money ready in hand did not play much part s;gf
 The attorneys for the persons offering to redeem the Buyck & Thomas property are Cabaniss and Weakley. Lee Bradley repre- sents MT Haas and associates. Luke Will iams has worked up the matter of redemp- tion; he having spent the past six weeks here for that purpose.
 New Company Formed
 The T. G. Hewlett Liquor company filed articles of incorporation in the probate office yesterday; the working capital being stated at S15,OOO. This company has pur- chased from the R. D. Burnett company the noted Peerless saloon at Nineteenth street and Second avenue. The companys officers are Thomas G. Hewlett, president; J. J. Odom, secretary and treasurer; and the board of directors are Thomas G. Hew- lett, Frank M Edwards and J. J. Odom.
 The second floor of the Burnett building, that is the floor above the Peerless saloon, has been leased to the Queen City Stock and Grain exchange, so long conducted by MT. Hewlett in the Hewlett block inPTwen- tieth street, which was burned some weeks ago. A man of twenty years successful ex- perience has been secured by MT. Hewlett as manager; and leased wires have been secured.
 The burning of MT. Hewett's exchange in Twentieth street was greatly regretted by his great number of friends in Birmng- ham, all of whom will be glad to hear he has secured such excellent quarters for re- suming his exchange business. MT. Hewlett came to Birmingham from Madison county many years ago, and is therefore one of the city's "oldest fnhabitants.''