Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1912-12-27

In the Circuit Court for Montgomery county
No. 2SS9 Equity.
THE OBJECT of this suit is to obtaiI
decree of the Circuit Court for Mont
gomery county. as Court of Equity, il
favor of the plaintiff against The Safet!
Banking and Trust Company of Philadel
phia, Pennsylvania, and George r. Macy
of New York city, in the State of New
York, for the sale of certain blocks of lane
in subdivision called "Laytonia" il
Montgomery county, Maryland. for the
purpose Of satisfying an alleged certificate
of deposit for 81 900, fradulently issued by
the said The Safety Banking and Trust
Company on the 29th day of August. A. D
1911, to the said George r. Macy.
The Bill states in substance as follows
to-wit:
That sometime in the latter part OF
/ January or the first part of February, A.
! d. 1912, Harry Lamson, one of the defend
I ants, sold to the plaintiff a certificate Of
I deposit for 81 900. purpOrting to have been
! deposited by George r. Macy in The Safety
| Banking and Trust Company on the 29th
I day of August, A. d. 1911, to the credit
of himself, payable in current funds on re-
turn of the certificate, properly endorsed,
on August, A. D. 1912, with interest at four
per centum per annum. A copy of said
certificate is filed with the bill and marked
Exhibit No. /.
That said certificate was endorsed by
the said George r. Macy and delivered
over to some one unknown to the plaintiff,
and it passed by delivery through the
hands of sundry persons without endorse
ments until it was sold and delivered by
said Lamson TO plaintiff, who sent it
through several banks (whO are made de-
PENDANTS in the bilD for collection and
said certificate was on the 10Th day of
August, A. D. 1912, duly presented to The
Safety Banking and Trust Company for
payment, and was dishOn0red and duly
protested for non-payment.
That, at the time plaintiff received said
certificate from defendant Lamson, it was
fraudulently represented to the plaintiff
that The Safety Banking and Trust Com
of $4,000, deposits of $4,000. and loans
of 100000, which statement was, in fact,
false, and plaintiff AYERS the facts to be
that the said Banking and Trust Company.
at least a year prior to the issuance Of
said certificate, had been sold out under
a writ Of Fl Fa to the Keystone Bank of
Philadelphia for the sum Of $50; these facts
were well known TO said Macy and to all
of the Banking and Trust Company's off
cials, who are also made defendants to this
bill
Plaintiff further ayers that Macy never
deposited the sum of 81 900 or any other
sum Of money or ever put up any money
or property Of value with The Safety Bank
ing and Trust Company to support the
issuance Of said certificate of deposit, and
that at the time of its issuance The Safety
Banking and Trust Company had no CAPT
tai, no deposits, no loans, no surplus nor
resources whatsoever, all of which the said
Macy and the defendant bank officials,
including George H. Atkinson, the manager
Of said bank. very well knew.
That notwithstanding their knowledge
Of said facts The Safety Banking and Trust
Company, through the defendant officials,
ssued other certificates of deposits to said
Macy and to other parties to the amount
Of $4,000 or 10000 and unloaded them
upon unsuspecting victims in the various
States of the West and the District of
Columbia, where there was no public record
10 furnish the people with information as to
The true financial condition of said Banking
and Trust Company, and plaintiff AYERS
that none of said certificates has ever
been redeemed,
The Bill further states that Macy obtain
ed "a blocks of lots of land lying in Layto-
MIA, and conveyed 20 of them to The
Safety Banking and Trust Company for the
purpose of defrauding the plaintiff and other
holders Of certificates, and to conceal said
property from his creditors and the credi-
tors of the said Banking and Trust Com
pany. Copies of said deeds are filed with
the bill and marked Exhibits Nos. 2 and 3,
That all of the. defendants named in
the bill are non-residents of the State of
Maryland, except THE Oak Bank of Balti-
more, Maryland, through which bank the
said certificate of deposit was sent for
collection.
The Bill prays for the following relief;
|. That The Safety Banking and Trust
Company may be decreed to hold said real
estate as trustee for the benefit of the
plaintiff, to whom said certificate was
fraudulently issued. and for the benefit of
other creditors of the said George r. Macy
and The Safety Banking and Trust Com
pany, to whom were also issued similar
fraudulent certificates, who may come in
and contribute to the expenses of this suit
2. That the real estate mentioned in the
deeds marked Exhibits Nos. and 3 may
be sold for the payment of the amount due
plaintiff for the alleged certificate of de
posit
3. That trustee or trustees may be ap-
pointed to make said sale.
4. That the said Macy and The Safety
Banking and Trust Company may be en-
ina said real estate mentioned in EVhib;,s
Nos. 2 and 3 of the Bill until the RIGHTS of
the nIaintiff have heen fnaiiv do,arnn;nod
S. And for seneroI relief o''''''''''