Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1906-02-20

small, 1t would be less trouble to pocket
the whole business than to disburse 1t
among Its rightful owners. Receiver
ship proceedings were instituted and
Judge Gary signed an order for the
appointment Of a receiver without even
listening to both sides. The county
trustees, however, stood manfully for
their trusts, carried the matter to the
supreme court, had Judge Gary re-
versed, and in a second hearing before
Special Judge Carey got an order that
upheld their contention in every par
ticular Judge Carey was sustained by
the supreme court, his remarkably
clear and correct order being adopted
in toto as the supreme courts opinion
and the county trustee stockholders
were allowed to carry out their desire
to return the money to its rightful
owners.
The total amount recovered from the
wreck was 81 per cent of the whole,
and so well have the county trustees
managed that only per cent has been
consumed in expenses. 1t Is fair to
say, however, that much Of the neces-
sary expense has been borne by the
county trustees as individuals, they
taking hotel bills and sometimes rail-
road fare out of their own pockets
rather than make requisition on the
trust money for which they felt so pc
culiarly responsible.
York originally had 36 shares In the
exchange, Of the par value OF $1,SO0,
and Of this amount Mr.. Ashe, the coun-
ty trustee secured for reimbursement
the sum Of $1,206, about half Of which
was disbursed last Saturday in twelve
checks to sub trustee stockholders.
Il find a great deal Of difficulty In
making the people understand just how
this thing goes" said Mr.. Ashe to
THE ENQUIRER. There were num-
Der Of trustees here all right with their
certificates or with affidavits showing
that their certificates were lost They
got their money all right. All had to
do was to give them checks and take
up their stock certificates or affidavits.
But there were also a number Of indi-
vidual subscribers who wanted me to
pay them also, and I couldn't do 1t. I
don't know anybody in the transaction
except the sub-trustee stockholder,
with his certificate or affidavit. I pay
him and he divides the money out
among the individual subscribers.
But" Mr. Ashe, continued, II don't
think there should be any more trou-
BILE. I can pay out the balance Of the
money from my home in McConnells-
willie. Let the SUBJ trustee stockholders
that are still alive send me their certi-
ficates and will send them checks.
Where certificates have been lost, 1t
is only necessary that the sub-trustee
stockholder make an affidavit to that
effect and send 1t to me. can pay out
the money as readily on an affidavit
as on a certificate. In case the sub
trustee stockholder be dead, then his
executor or administrator can take his
place; but under all circumstances
must either have the stock certificate
or an affidavit.
"Then there is another thing, would
like those interested to know. There
has been a suggestion that these funds
be donated to the Confederate monu-
ment. I have nothing to say about the
proposition one way or the other, be-
cause 1 do not feel called upon to
make any recommendation, especially
in view Of my position; but do want
to say this. These funds belong abso-
lutely to the individuals by whom they
were subscribed. They cannot be d.
verted by anybody else through ma
ljority vote or otherwise. Those who
want to donate to the monument fund
have a right to do so to the extent Of
their own individual interests; but
those who want their own money back
are entitled to receive it."