Newark evening star and Newark advertiser., 1910-08-02
CHARGE PLOT TO
WREST CONTROL
OF STONE-AGE CO.
Mrs. Qualey Files Bill Asking
Delay of Sale Pending
Investigation.
SAYS MRS. BULL AND A. R.
RYAN ARE CONSPIRING
$35, 900 SwindIe Scandal Takes
New Turn-Trenton Court
Appealed To.

Charging that Alan R. Ryan. son of
Thomas Fortune Ryan, and Mrs Mary
Nevins Bull, widow OF the famous
surgeon, DR.. William t. Bull, are in a
conspiracy to obtain possession Of the
Stone-Age Plaster Company, of New
ark, one of the subsidiary companies
of the Magnesia-Asbestos Company.
Mrs. Elizabeth F. Qualey, of New
Rochelle, today aled with Vice Chan
cellor Edwin F. Walker, at Trenton, a
bill reciting certain facts and ask
ing that the sheriff's sale of the prop
erty set for this afternoon be set aside
until further facts can be adduced.
When the sale came up at the
sheriff's Office this afternoon Frank M.
McDermit made hard fight to secure
a postponement of the sale and won
out. He repeatedly referred to the
charges made by Mrs. Qualey In her
bill of complaint and named both Mrs
Bull and Alan r. Ryan as two Of the
persons in conspiracy to get posses
sion Of the property.
Sale Is Postponed.
McDermit was successful in his fight
as after half an hours argument the
sale was postponed for one week.
Mrs. Qualey Is the wife of John A..
Qualey, president of the Magnesia-
Asbestos Company. Qualey is now un-
der arrest in Manhattan, together with
Harvey w. Corbitt, treasurer of the
company, on charge of swindling Mrs.
Bull out of $4,000 by the sale to her
of stock in the Magnesia- Asbestos Com
pany. which she now claims is worth
less.
In her bill, which was filed by Franla
M. McDermit, of McDermit & McDer-
NIT, Mrs. Qualey states that the claims
against the company (Stone Age Com
pany, of Newark amount to $4,000,
embraced in seven lines, and that at
the time of Mr.. Qualey's arrest in New
York last week she was making ar
engagements to pay off this indebtedness
and clear off all claims against the
local plant.
She further declares that she has in
vested 100000 of her personal funds in
the Magnesia-Asbe Company and
also has put 100000 in the lands and
plant of the Stone Age Company, which
"at a conservative estimate" Is valued
at $S00,000.
Mrs Qualey further syears that dur
ing the past three months $65,000 has
been paid out in betterments, new ma
chinery and wages at the Newark plant.
She further states in her bill that sale
be not allowed at the present time, that
the actual land value of the three prop
critics of the Observation-Disclosures Com
pany is 100000. Against this there has
been issued but $15O.000 worth of pre-
ferred stock, she declares.
In reference to Alan r. Ryan and
Mrs, Bull, Mrs. Qualey. in her bill,
states thaat private offer of stock was
made to Mr.. Ryan, and thaat he was
favorably impressed with the PROPOSE
ton Later she claims he formed an
agreement with Mrs. Bull ito obtain
illegal control of the stock of the Stone
Age Plasater Company, and with this
in view entered into a conspiracy to
obtain control of said property by rea-
son of obtaining the incarceration of
John A. Qualey and Harvey w. Cor
bett in jail The object of said charges
continues the bill, was to dismantle.
disrupt and break up the business and
credit of the Stone Age Plaster Com
pany, in order to obtain possession of
1t themselves"
.vice-C Chancellor Walker took no ac-
tion on the petition of Mrs. Qualey
today, but said he would hear argu-
ments on the matter any day this
week. 1t is expected that the matter
will be argued in Trenton tomorrow
morning.