Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-01-20
DEMAND FOR
MORE MONEY
CREDITORS GO TO COURT TO AN
null SETTLEMENTS MADE BY
JANNEY COMPANY
CONSPIRACY ALLEGED
Three Banks Claim They Settled for
50 10 Cents on the Dollar, While
Others Were Paid More-LocaI Men
Parties to Suit Claims Aggregate
$4,000.

Parties to Suit Claims Aggregate
$4,000.
Alleging that by reason of false
representations they were induced to
settle certain promissory notes exc
'cuted by the Janney Manufacturing
company of Ottumwa on basis of
SO and 1-s cents on the dollar, the
lDes Moines National bank Of Des
Moines, the FIRST National bank Of
Chicago and the National Bank Of
petitions with the clerk of the district
ment of the said settlements and for
the full amount of the balances al
tachments aggregating $4,000 were
ordered issued by Judge M. A. Rob
erts against the property of G. Camp
Manning and W. R. Daggett, each OF
dorsees of one or more Of the notes.
and according to the allegations in
the petitions these notes were dis
counted on the representations that
the Iowa National bank Of Ottumwa
held good collateral security and
would see that the security was kept
good. In all tire actions 1t Is stated
in the petitions that when the settle
ments were made 1t was represented
pany was hopelessly incolvent and
that unless a settlement was effected
on a basis of 33 1-3 cents on the dol
lar, the company would settle under
the bankruptcy laws Of the United
States and the creditors would get
much less amount
Charge Conspiracy.
1t Is alleged that it was promised
that If any other creditors were paid
more than 33 1-3 cents on the dollar
the plaintiffs would be paid the same
percentage. 1t is also alleged in the
petitions that the statements made in
securing the settlements were part
or link in fraudulent scheme or
conspiracy to defraud TING plaintiffs
and that the endorses of the notes
I'D sufficient pronertvgSo nsy.-.-the,
" .e.a SCllI IOlu SulllCl0uC
property to satisfy the claims. Mitch
ell and Hunter are the attorneys for
the plaintiffs in the three cases.
In the action brought by the Des
Moines National bank the Janney
Manufacturing company, q. Campbell
Janney, M. Fl. Janney, Calvin Man
ming. Robt L. Rhea, are named as the
defendants. 1t is claimed in the petit
ton that on April 81, 1902, the defend
ant company executed certain prom
issory note for $4,000, endorsed in
blank by Calvin Manning and w. R..
Daggett, that the note was renewed
every six months until October, 1904,
when the final renewal was for four
months. 1t is claimed that c. Man
ming, president of the Iowa national
bank, and G. Campbell Janney, presi-
dent Of the Janney Manufacturing
company, represented that the Iowa
National bank held good security and
would see that it was kept good.
Paid More Than 80 1-3 Cents.
The plaintiff states in the petition
that in November, 1904, it surrendered
the note on payment of S1,7S166 and
that the promise was made that If 9TH
er creditors were paid more than 33
1-3 cents on the dollar the plaintiff
should be paved the same percentage.
1t alleges that other notes executed by
the same company were settled as fol
lows:
National Bank of the Republic, Chi.
cago. mote for 1920, settled on a basis
of 621a cents on the dollar.
Merchants National bank of New
York, note for $4,000, settled on a basis
of 100 cents on the dollar.
National Bank of Commerce of-Kan
sas City, note for $4,000, settled on a
basis of 40 cents on the dollar.
First National bank of Chicago, note
for $4,000, settled on basis of As
cents on the dollar
Manning bank at Keosauqua, note
for $500, settled on a basis of 90
cents on the dollar.
Tho plaintiff asks that the settle
ment be decreed null and void and fo1
Judgment for the balance due on the
note, $3,643.34. An attachment for
$4,000 was issued against the property
Of Calvin Manning, G. Campbell Jan
ney and his wife. M H Janney.
For New Trial.
In the suit brought by the First Ma
tional bank of Chicago substantially
the same allegations are made. The
defendants are the Janney Manufacture
ing company, G. Campbell Janney, M
H. Janney, Calvin Manning and w. R
Daggett. 1t is stated in the petition
that suit was instituted in November
1904. on a note for $4,000, and that
the case was settled and dismissed
the plaintiff surrendering the note on
paymsnt of 81 500 The petition Is to
vacate Judgment and for new trial
the plaintiff asking for final judgment
for S6,130 The attachment issued was
for $4,000 against Calvin Manning
G. C. Janney, M. H. Janney and w. R
Daggett.
The Third Action.
In the action brought by the Nation