The news-democrat. (Providence, R.I.) 1906-1909, 1907-07-20
HOME REALTY CO.
HAS ASSIGNED TO
EDWIN 0. CHASE

10 the office OF that company. and saw
Everett A. Durham. From him 1 ascer-
sold to George II. Hamlin of Kinsey.
Henry county. Alabama, and that the
second mortgage was still retained by the
Commercial Corporation.
DUNHAM'S OFFER.
Producing my monthly receipts, l
asked a comparison with the books OF
the Home Realty. Then Ii was that l
ascertained. that, contrary TO the under
standing which / had had when the
mortgages were made. which was that
the second mortgage should be the first
10 which payments on the principal would
be applied. no payments whatever had
II protested so strongly that Durham
acknowledged that there had been remiss-
ness and offered. II i would pay him $50,
TO indorse payments aggregating Slb9
that this was an admission that there
had been conversion OF my money and
declined TO give up the extra $50
"Dunham told me that the books OF the
Home Realty company showed no credits.
pressed for more information and got II
from Mr. Warfield, one OF the directors
OF the company; Mr. Porter. the book
keeper, and Miss Edwards, another book
keeper, that all the money on the mort
cages upon my house had been received
by the Home Realty company from the
Peoples Trust company and the Com
mercial Corporation. although little worh
has been done upon the building, which
is hardly ready to be lathed..
while / had but one more payment tS
make to retire the second mortgage,
WAS informed that there was no record
that / had paid any part OF ~
MUST GIVE UP HOME.
1T have been informed that Bur
rows q Kenyon will tomorrow place a
lien upon my house for nearly $500 for
lumber furnished to the Home Realty
company, and that there is another Tor
hnG Gtar l.
son. IL 1 satisfy these liens, pay up
the two mortgages and complete the
contract for my house, will have paid
not $4,000 for the house and lot. but
nearly $4,000.
'I have made up my mind not to go
on with the home building. L have
written to the holder OF the nrst
mortgage telling him that he may
foreclose II he desires. / will then
so I have been informed, be held for
the difference between the mortgage
and the price the mortgages gets for
the unfinished building. / hate to do
SO, but hereafter | Will put all my
property in the name OF my wife, Tor
we intend that the collapse OF the
Home Realty company shall not inter
fere with our happiness"
Another attachment was filed at the
city hall yesterday 1t was filed by
al N.
A. Dunham and wife, Mary E., for $500
to satisfy a book account of $1S3.46
The property attached is In NORTH
Providence, at the junction OF Smith
street and High Service avenue.
CENTRAL TRUST COMPANY.
There is speculation among members
of the creditors committee as tc
whether the Central Trust compan,
will be able to resume payment at the
nf the Q0-daV notice IL gave
to depositors.
The mortgages, IL has been stated
exceed the deposits, and among them
Il is feared. will be found consider
able number OF the mortgages turned
over TO IL by the Peoples Trust com
pany, which are based upon the trans
actions OF the Home Realty company
with its clients, such as the mortgage
OF $1,000 on account OF the Swanson
contract to build a house, under which
a cellar has been dug and about $140(
worth OF labor and materials has beer
put.
Many OF the notes which figure as
assets include. some OF the committed
believe, some OF those given by priests
who were induced to purchase some OF
the $50 900 issue OF Home Realty com
pany bonds. end which were turned
over to the Central Trust company
The collection of these notes, IL is ex.
pected, will be contested upon the
ground that there was deceit prac-
ticed when the bonds were sold.
The stock Of the Commercial cor.
poration held by the trust company. II
IL believed. cannot he realized upon
unless some person Interested In thai
corporation cares 10 take it.
CLAIMS FILED TODAY.
The folloying filed liens against the
Home Realty company at the city hal
this morning: II. A. Grimwood com
pany. Phillips Lead e. Supply Co, AS.
pinwall Hardware company. Man
chester e. Hudson, and two by the
Il. r. Smith company. One previously
filed by the III. A. Grimwood company
was withdrawn.
The Home Realty company's assign.
ment to Edwin O. Chase was placed or
record at the city hall this morning.