The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-03-13
ITO RECOVER
The BONDS.
Rather Sensational New York
u Slit Concerns Richmond
Interests. "a
MAY PROVE INTERESTING.
Declaration Alleges That Fisher
Fraudllently Obtained Bonds
Notices Served Here.

sia Tho suit fled In tho New York SUI
If prelnc Court the other day by Norman
wv. Halsey, tho head of a bond firm OF
New York, against the Bowling Green
i Trust Company. which suit has been de-
Il clared By the New York papers to be
sensational. has Virginia end to II. In
E fact. the main Interest involved lies In
this Immediate part of Virginia But there
us nothing especially sensational In the
\ suit ut least not at this stage. The suit,
which is to recover 100 gold debcnture
bonds Of the Virginia Passenger and
4 Power Company, alleged to have been
Transferred TO George IL Fisher without
proper authority, Is but tho breaking out
\ iii n fresh place Of the old Flshcr-Passen-
J yer and Power Company-Traction-e electric
b power fight. the beginning of which but
Il few men are familiar with and the end
II If which no prophet can fotetell. ,a
n MAY REVEAL 1NTERESTIiai THINGS.
s33sAIf there be anything particularly sem
ii sa tlonal In the suit it will develop later
g. on when there mag be brought out III mo
Il evidence some Intensely interesting
Phases of the former financial TRANSACT
tions Of the Richmond and Manchester
Hallway Company, Richmond RnlWa
u ind ILleEtTlC IIOlHJullS' III '''''hN.
S Ee niger and Power Company, Richmond
FRACTION Company, PETERSBURG Traction
Il Company and the Richmond and Pc
Il tersbure Electric Railway Company.
sa8S THE New Sorl: Globe and Commercial
advertiser gives this version Of the new
con trorersy:
H5t..It will be teinembnrnd that 100 shares
IS cf Merchants Trus, Company stock were
nffercd last week at sensational de-
\, - n list FER,
reported In last Thursdays papers Tho
Merchants Trust Company has been
sued by Norman w. Halsey and Com
$pany. IL well known bond house or his
s. city. which has become owner OF Il block
Of Richmond Passenger ana Power Com
,,any dehenture bonds. forming part OF
Il in ISSUE $50 Of which he now claims
S5were without proper authority surrchder-
S384 ed By the Merchants Trust Company.
4 That company, it is alleged In the Dill OF
complaint, gave Zip these bonds to q. E
& Fisher in violation of trusts of which IT
had full notice, and thereby assumed anu
BECAME liable tai bring ntont the dis
charge of a prior line of SiooV0 OF the
Richmond and Manchester Railway COM
81 pany first mortgage. G. r. Fisher was
nj. the time Of these transactions q d.
sS5rcct n,. and n member of tho Executive
Committee OF the Merchants Trust Com
q nany.
# The plaintiff, it Is understood, subse-
6 u,lcrtly, and as lie claims. without notlce
n OF the fraud, acquired his bonds through
Fisher. Fisher Is made Defendant IN
II The suit, as are several trust companies
and others having equities in the prop
il crty, as we'll as the rail ways whose bonds
Il are the subject Of this controversy.
1t is further stated by the Globe that
Mr.. {Ialsey means business and has en-
Moved the very best Of New York legal
4 talent and a plenty Of it.
Il 7RAUDuLENTLY OBTAINED.
II is alleged III the bill that was filed
thai the bonds sued for were fraudulent
@ly obtained by Fisher and that they are
payable to bearer and are OF an issue
of i 900 bonds issued by tho Richmond
4 Passenger and Power Company under
date of July !. 1900. aggregating the au-
thorizet principal of Sl.000O00 by which
the Richmond Passenger and Power Cont
pany agrees 10 pay 10 the owner OF each
bond 81 900 in gold July l, 1910, at the
offices of the Atlantic Trust Company, IN
New York. and with interest thereon ut
The rate of 8 per cent. from date OF issue
These bonds were secured by a<mortgagr
TO the Atlantic Trust Company on all OF
s the properties. interests and rights OF the
Richmond Passenger and Power Com.
pany, including the Richmond and Man
chester Railway Company.
in Il rutshell, thG .kuit lis in the m
tcrest Of Franz. Jay Gould and his
associates, who Claim that Fishers Gain
+ on the bonds is fraudulent and MS pos
session of them Is q fraud that Nlr,
Gould discovered only after he had pur-
chased the street railway interests he
now holds in Nirgina,
Notices of the suit to be served on
local officials of the street railway lines.
az mere matter OF legal form, are on
the way here. and may he served tom ~
row. They will be served on y. STEER
ding, president Of the Passenger ana
Power Company; James y. Patton, prcsi-
dert of the Richmond Traction Company.
Augustus Wright president of the rn.
81 ,ersburg Company. and perhaps some
As others.