Evening star., 1901-08-30
RAIL WAY IN COURT
Suit to Recover Money Loaned City
and Suburban Company.
ALLEGED MOVE FOR REORGANIZATION
System Controlled by Washington
Traction and Electric Syndicate.
OTHER SUITS PROB ABL E

Several suits were filed late yesterday
afternoon in the District Supreme Court
against the City and Suburban Railway
Company for various sums of money loaned
it by the remaining companies in the local
syndicate and by the United States Mort
gage and Trust Company, the New York
financial company which aided in making
the consolidation. This Is understood to be
the initial step toward the reorganization
of the system represented by the Washing
ton Traction and Electric Company
1t is said that 1t is intended to force the
City and Suburban line into the hands Of a
receiver, in order that foreclosure may
be secured for failure to settle the claims.
1t is reported that suits Of similar char
acter will be filed against other companies
in the system. which have been running
behind in their receipts and unable to meet
their obligations.
Three suits were filed yesterday against
the City and Suburban line to recover a
total of S225, 5.56 for money advanced and
for other considerations. The plaintiffs are
the United States Surety and Mortgage
Company of New York. the United States
Railway Company and the Anacostia and
Potomac River Railway Company.
The Amounts Represented.
The total sum claimed by the United
States Surety and Mortgage Company is
s127 1885, representing five notes payable
on demand and bearing interest at 5 per
cent
These notes are as follows: One of ST.
500, dated May %, 1900, signed by George
Truesdell president; the second for $4,000,
dated June -, 1900, signed by President F.
c. Stevens: the third for $3S,OOO dated Au-
gust 26, 1900, and signed by Vice President
Harries: the fourth for 5000, dated August
II, 1900. signed by Vice President Harries,
on which the sum of s1,844.4 has been
paid, and the fifth for $43, 75O dated
July 26 last. and signed by the new presi-
dent of the company. Mr.. Allan l.. McDer-
mott who was appointed receiver of the
Washington Traction Company by Judge
Golf of West Virginia Immediately after
the recent failure of the traction syndicate
to meet payments on the bonds. The court
is informed that each note was properly
executed and delivered to the plaintiff in
due course of business and for a valuable
consideration; that the plaintiff is now the
owner and holder of each note, and that 1t
presented them to the defendant corpora
tion for payment land the notes were dis
honored
The United States Electric Lighting Com
pany sues to recover on note of January
80 1901, for s32 600, payable at the West
End Bank, with interest at 6 per cent, and
on second note for $4,000, dated May %,
1901, and payable at the National Metro
politan Bank, with interest at the same
rate. 1t is understood these notes were
given in payment for power and money
borrowed.
The Anacostia and Potomac River Rail-
way Company sues to recover on a note
for $4,000, dated January go 1901. and pay
able at the West End Bank, on demand,
with interest at per cent
The Columbia Railway Company sues to
recover on note for 1873 600, dated January
81 1900. drawn the American Security
/ and Trust Company, and bearing interest
at per cent. AS the Washington Traction
and Electric Company indorsed the latter
note, it is also named as defendant In this
suit