The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-04-06
LIVELY INTEREST
IN TODD MAT TER
Estate Of Late Treasurer OF Hen
rico Notwithstanding Com
pany to Lose Nothing.
TODD TO MAKE STATEMENT
Will Await Action Of Grand
Jury-Coloncl Stern En-
plains Situation.

hs. Interest of the lievlcst character was
cvincc1 Yesterday by citizens of Rich
nond and of EIenrco county, in the mat
ter Of the alleged shortage of the lale
Treasurer Todd. on account OF the per-
sistent rlimor that was circulated 10 inc
effect that no steps had been taken by
. t)it proper authorities to collect me
money due.
n was asserted that although Treasurer
rodd's estate was indebted to the Sta'e
OF Virginia and the county OF 1fehtico
10 the amount OF more than SGI0o, the
authorities of the State and county had
not made a formal demand either upon
Mr. Todd's administrator or upon the
United States Fidelity and Guaranty COM
many of Baltimore, which was upon the
bond of the late treasurer.
The statement was made thiA MI w.
c. Todd administrator Of the late treas
lirer had turned over to the schools ana
county Of Henrico, the sum OF $4,000 III
order TO relieve them of embarrassment IN
meeting Obligations. but"that further than
his no STEP had been taken towards
closing the outstanding indebtedness OF
the county treasurer.
Make PuDIC Sldlclllclll.
Mr.. w G. Todd, administrator of Treas
,lrer Todd's estate, declined to discuss
the subject further than to say that he
had appeared before the grand jury ana
made a fun and free statement OF the
condition OF his fathers, Affairs.
8lHc said he would within few days
after the grand jury had reported, made
n public statement.
s"l have Kept quiet all this time and T.
think ! can keep quiet for four or five
days longer"
While he talked. MIR. Todd held in his
hand copy OF report that Mr.. r, II.
FL ArcManus, special accountant of the
Tinted States Fidelity and Guaranty
Company, had made for his company. Mir.
Todd declined TO disclose the contents
or the McManus report.
Mr.. T., Leslie spence, general agent of
tile Fidelity and Guaranty Company Of
Baltimore declined to discuss the sub
jGct, further than 10 say that no demand
lad been made on his company and that
l,c did no, admit that there was Il
shortage in Treasurer Todd's account
rlf a loss Is proven said Mr.. spence
rmy company will pay AT once and with
out suit
A Valuable Estate.
ff Tine whole matter WAS explained by
Colonel 10. Lane Stern, general ronnse
FOR the United states Fidelity anc
Guaranty Company. who said:
Assume that Treasurer Todd, al the
time OF his death, owed 10 the county OF
lIenrico and the state OF Virginia about
$1,000
He had in bank and vault at that time
shout 5000.
The surety company, In order 10 pro-
toct all parties in interest, requested
g'odds personal representative, on whose
bond II also became surety to direct the
banks to hold this money until agreed
between the administrator and the surety
con,pany's agent, IL could be properly pait
q oyer.
1'his was done. and $1,000, which has
been paid 10 county and school board
came out OF this fund and the balance
will be paid over when called for by TN
proper authorities.
In the meantime 1t las been asccr
tnined that Mr.. Todd's estate, real ant
~ personal Is worth over $4,000 includ,nl
+ sG COO OF tax bills which he had prepai'
IL the State. and which are perfect!
good asset.
\. ssT OF course, the estate must be tudiciousl
Y cnIlccted and handled. and II can b
easily seen that II can pay off all OF tn
aeb,s. including Mr., Todd commercial
Families at his store. which We're sep
cial hundred dollars. and sim leave q sur
& Mus 10 his family. The apparent shortaE
or sa5n is reduced to $500, by ,he "a
4 ,,lns Mr. Todd had paid before lie col
len,ed them. and his balance alleged :
Sc due is more than covered by MS estate