Five Mile Beach weekly journal., 1913-10-17
Teachers Retirement Fund OIL
cIaI Sued for Damages.


cIaI Sued for Damages.
Papers in a suit for 5000 damages
have been filed against Arthur w. Mil
bury, of Hoboken, associated with Miss
Elizabeth A. Allen, If that city, in the
management of the State Teachers Re-
tirement Fund, by Miss Emma A. Me-
Coy, a New Brunswick High School
teacher, who claims to be fighting the
"Allen-Milbury management" of the
fund.
The papers, changing Miss Mccoy
was induced to invest in a "fraudu-
lent" mining enterprise, because Mr..
Milbury, who was one of the proprie-
tors of the mining company. had been
spoken of SO highly in connection with
his work for the retirement fund, were
filed Saturday by Judge Freeman
Woodbridge, of New Brunswick, coun-
sci for Miss Mccoy, OH Gilbert Collins,
Of Jersey City, counsel for MI. Milbury.
The action will be tried in the Su-
preme Court Circuit at Somerville, as
Miss Mccoy lives just over the line in
Somerset County.
Miss Mccoy bases her claim on two
investments she made 10 the stock of
the Douglas Mining Company, of Ne
vada, which is said TO operate a gold
mine. Her total investment amounted
to $1,000.
After citing her twenty-six years ex-
perience as a teacher in the New Jer-
sey schools, Miss Mccoy says In her
complaint that in 1900 she "became ac-
quainted with Arthur w. Milbury, the
defendant in this case, who was then
and subsequently, working as assistant,
friend and helper of the Teachers Re-
tirement Fund and State Teachers AS
ISOLATION with one Elizabeth A. Allen,
who was at that time an officer in the
teachers retirement fund of New Jer-
sey, by means of which position he,
the said Arthur w. Milbury, gained the
special trust and confidence of the
plaintiff in this cause.u
ATTEND "FAREwELLn DINNER.
As set forth in the bill OF complaint,
1t was in 1907 that Milbury SEN circuv
lar letters signed by himself and Allen
Benny, a former Congressman of Bay
onne, urging teachers to invest their
savings in stock of the Douglas Min
ing Company, (which, 1t was alleged,
was the owner Of rich gold mines and
gold mining properties In the State OF
Nevada
On May IL, 1907, the complaint goes
on to say, Milbury wrote a personal
letter to the plaintiff urging her to in
vest, stating that the opportunity to
"lnvest her oavinRs In lsaid stock was
the opportunity of a lifetime, and as
the teachers of the State are so poorly
paid, he, the said Arthur w. Milbury,
did not think that she, the said plain
tiff. should lose such an opportunity to
make money rapidly.
"In furtherance Of said fraudulent
scheme to induce the plaintiff to part
with her moneys and invest in said
mining stock the said Arthur w. Mill
bury caused the plaintiff with others to
be invited to attend a farewell dinner
rendered said Milbury In New York;
continues the complaint.
Miss Mccoy tells in her affidavit how
che attended this dinner aud how Mil
bury there announced that he was to
withdraw from his work with Miss
Allen Ia the Teachers Retirement Fund
and to "cease his activity 10 the teach
ers' cause.u
The complaint then goes on to say:
"Milbury was there praised and lauded
by Allen Benny aud others to the
highest terms as "a man of many In
%terests, ; "a great iuancier, as the soul
Of honor and as immensely infiu-
entail. 'n-Hudson Dispatch.