The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1908-07-31
PEOPLE IN STATE
6TUNG BY CURR|E
SEEK REDRESS
BUNCH OF PETITIONS FROM OUT.
SIDE OF DETROIT FILED IN
COURT - BANKS ADVERTISE
SALE OF PLEDGED SECURITIES.

| COOHI - 6ANNS AOvEHtio'
SALE OF PLEDGED SECURITIES
Seven more petitions were filed Il
the circuit court Thursday morning
asking that stock purchased throug
Cameron Currie 4 Co., and fully pal
for, but never delivered. and now Il
the hands Of Hayden. Stone q Co
or the receiver, De returned to tn
owners. or the seven petitioners
five are from out In the state.
John II. p. Hugart, OF Grand Rap
ids, claims to have purchased fou
shares OF Norfolk & Western railroad
stock. for which he paid in full. Some
time later the certificates were deliv
cred to Cameron Curre & Co.'for thu
purpose OF having them transferred
on the books of the company. Nov
Hugart alleged they were never re-
turned to him and are In the hands
OF the receiver.
John w. Hoban claims to have lef
100 shares OF Adventure Consolidated
copper stock with Cameron Currie
Co. merely for safe keeping. 1t 1.
now In the hands OF the receiver, ant
Hoban wants It.
Miss Belle Maniates. of Lansing, II
addition to her petition. filed a mum
Der OF receipts. showing her to be thu
owner Of ten shares Of Pittsburg q
Superior copper stock, fully paid for
The stock was never delivered, she
claims, and she asks that Hayden
Stone & Co, be ordered to return II tf
her.
Agnes R. Lacy. of Saginaw. claims
that five shares of Mohawk copper
stock, owned by her. hut left with
Cameron Currie & Co.. is now held
by Hayden, Stone & Co. as collateral
for a loan contracted by the Detroit
firm.
Wants His Nlplsslng.
Clarence Vliet, Of Leslie, Mich, II
his petition tells OF q deal by which
he became the owner Of 40 shares O,
Nipissing stock, but in spite Of sew
eral demands on Currfe 4 Co., he
SAYS the stock was never delivered
to him, and il now held by the Bos
ton firm. He first purchased u
shares, he says. for which he paid II
full at the time. Later he bought II
more. on which he owed $40. AS Sc
curity he gave the 20 shares whicf
he had previously purchased and paid
for. On February 10, 1908. he PAID
the balance due, and demanded his AZ
shares. but up to the time OF the
smash, they had never been delivered
and he alleges that Hayden, Stone q
Co. hold the stock.
Philip T. Colgrave, of Hastings
says that he frequently demanded ol
Cameron. Currie & Co. the delivery OF
20 shares OF Winona copper stocl
which he purchased and fully paic
for. but Il never reached him, ant
eventually found its way into the
hands of Hayden, Stone & Co.
E.. F. McGinnis claims TO have paid
s525 for Boston Consolidated copper
stock In January. 1903, but up to / re
time OF the smash 1t had never reach
ed him. and he fears that 1t has gone
the way of several thousand dollars
worth OF stock owned by other people
Statement to Creditors Soon.
A statement will be made to the
creditors Of Cameron Currie & Co
Saturday or Monday by the committee
appointed to look after their anairs
This committee met Wednesday after
noon to discuss the reply Of the re
ceiver to their inquiries In regard tc
the state of the firms accounts. Re
ceiver Fred G. Austin had not beer
able to give all the data required ow
Ing to the necessity Of making state
ment to the court and the committee
meeting, therefore. was not final.
Another committee meeting Will DC
held Thursday or Friday afternoon
after which a statement will be given
out. The committee has not learned
SO far of any conditions In regard te
preferences which would necessitats
bankruptcy proceedings.
Neither Receiver Austin nor the
creditors committee will interfere IN
the advertised sale Of securities held
by the National Bank OF Commerce
Old Detroit National and Securit,
Trust Co. Individual creditors who
may discover that their stocks are In
the list of securities pledged have the
right to intervene, however, and ash
the court to except their property
from the sale.
Friday morning Attorney Boynton
for the receiver. will appear In cour'
to consent to the claims OF some cred
itors whose stocks are in the hands Of
the receiver and who want them back
There are four OF these proved claims
where there was no lien against the
securities.
Case 10 Optimistic.
Louis II. Case, Cameron Currie'i
partner, Is confident that the wreck
will not be so bad az II has seemed.
81 think the receiver will realize
great deal that we could not" says
Mr.. Case. Parsons who bought from
US ON margin are liable to the full
amount OF the purchase and this car
be recovered from them by law, 4
they have anything
1T have wanted TO come out ant
deny some OF the statements that have
been made regarding the transactions
OF the firm," said Mr.. Case, but II hal
seemed better to say nothing just a.
this time while the receiver Is gettinl
things in order. Later. perhaps, MAJ
say something.
II am giving all my time that Is o.
use to help the receiver In going ovel