The evening world., 1908-02-21
SUES HOSPITAL
FOR INTEREST ON
DONATION" BOND
DR.. Boldt Assigns His Claim
to Collector, Who De-
mandS Interest.

The officials OF st. Marks Hospital,
at No. III Second avenue, are agitatei
over the suit begun to-day before Jus
uce Murray in the Thirteenth District
Court by George f. Mccoy a collector
acting on a claim assigned TO him by
DR.. Herman ]. Boldt. of No. 80 East
Sixty-first street, to recover the prin-
clpal and accrued interest of a second
mortgage bond issued by the hospital
fourteen wears ago.
DR. Boldt is and has been for wears
one OF the chief physicians on the vis-
itins staff at tho hospital. 1t is charged
by the officials that DR.. Boldt is he
nind the action instituted by Mr.. Nc
Coy to recv payment for bond to
which he the doctor. never had anv
legal right"
Mr. John c. West apneared both as
treasurer OF the hospital and counsel.
Considered Purchase Donation.
The bond. or certificate of indebted
ness. involved was one Of an sl1 no
issue in 1893. as a second MORTGAGE on
the property in Second avenue. The
purchase of the bonds was looked upon
~ WV AIoSpAtiI sSuN Lpllllts rs II ubtlh-
tion to help the charitable work. No
purchaser of the bonds had ever asked
for interest or payment on the t-'uds
Up to the time of this suit.
One of the points OF the defense ls
that DR.. Boldt never paid cash for the
bond L. Is claimed tnat after prom
ises to buv bond. in 1898 he delivered
to the hospital what was reputed to be
$1,000 worth of surgical Instruments.
for which he was tendered a ceflIica6s'
II Is alleged that these Instruihsh' h''
wore found to be worm s-o'
,rno trustees and officers OF the nos
,ital we're in the little COURTROOM '4
,be Madison street court. when the case
,yas called to-day by Justice Murray
Mr.. Mccoy was the ilrst witness, anu
answering questions OF MS attofhe!.
HhorIas t,argis, related how ne came
to possess the bond.
Never Got Any InteAsst.
"Dr. Boldt. whom / have known in
years" said Mr.. McCoy. asked me II
/ wanted TO buy bond. l became the
owner of the Instrument by assignment
about Sept A."
Mir. Mccoy said he had made verbal
demands upon Treasurer West and Mr.
I-CAstA4du ApA iilA'4GSt va 49, >',-~N-~'
but had never received a reply.
How much did you pay for the
bond" asked Mr.. West.
An objection from Lawyer F'arsis
which was sustained by Jusdc Murray
halted an answer
We ought to know" said Mr.. West,
what consideration the plaintiff re-
ceived for the assignment of nom
negotiable certificate, as one OF the
points of our defense is that DR.. Boldt
never had legal right to the bond.
We believe that Mr.. McCov is mere
lv acting for DR.. Boldt to collect pay
ment, as he feared 1t wouldn't look
right for him. an officer of the hospital.
TO bring the action. / am going TO
show that DR. Boldt never paid one
cent for the bond.
"St. Marks Hospital is not in court
to repudiate honest debts and our con-
tention is that this Is not one
DR. Boldt testified to the purchase
of the bond by him and its sale to
Mr. Mccoy During his examination
II developed that the board of man
agement of the hospital had sent
letter 10 the purchasers of the bonds,
shortly after the issue. asking them
to waive their interest. the hospital
being BADLY in need of money.
DR.. Bo.dt swore he had only re-
ce'ved $50. or one payment of interest.
and Attorney West produced the Ohv-
sicians letter, in which the so was
returned. TO prove that Or. Boldt had
agreed to the request to waive in
terest.
Tho Judge reserved his decision.