Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1913-03-15
SUIT FOR MILLIONS
TO Be HEARD HERE
Sale of Southern Building to
be Contested in Circuit
Court.
|
V ALU ED AT $2,O00,0 900.
Sensational Hearing Over Affairs Of
Two Big Insurance Companies to be
Renewed in Alexandria.
VALUED AT S2,OOO,OOO.

The sensational hearing in Washing
ton before special committee of Con.
gress appointed to examine into the
condition of the Commercial Fire In
surance Company and the First Ma.
ticnal Insurance Compan yand their
purchase fthe Southern Building, the
big Office building at the corner OF
18th and II streets, in Washington, Is
to be transferred to Alexandria. 1t
was the purchase of this building and
the boosting of its value up to S2,000,-
600 by the insurance department of
the district that was largely response
BILE for the investigation.
In the Circuit Court a suit was
brought this morning by Chas. Hall
Davis, of Petersburg, and Sale, Mann
and Tyler, of Richmond, attorneys for
Robert Jemison, Jr, John L. KauI,
Culpeper Exum and Margaret 5.
Rhodes executrix of Rufus Nj. Rhodes
to declare fraudulent the sale and con-
veyance of the Southern Building to
the Comercial Fire Insurance
Company and The First National Fire
Insurance of the United States
The suit is instituted in the AleXan-
dria Court because of the fact that
the Southern Building Corporation,
who were the original owners Of the
building, is Virginia Corporation.
The suit is instituted against the
Commercial Fire Insurance Co., the
First National Fire Insurance Co., The
Southern Building Corporation,
Charles F. Carusi, William F. Thy
son, Charles A. Douglas, James B.
Archer, John L. Cassin, and Charles
r. Hooff, the last six of whom are di-
rectors of the Southern Building Cor
poration; the Richmond Realty Cor
poration the United States Trust
Company, Charles r. Carusi Robert
N. Harper, J. NJ. Baker, R. H. Nc
Nein, J. L. Karrick and Charles A.
Douglas.
Subpoeanas for the above named
defendants will be issued returnable
to the first day of the April term of
the Circuit Court.
In their bill the compliments ask
that the Southern Building and the lot
on which it stands be reconveyed to
the building corporation, that the in
surance companies be enjoined and re-
strained from disposing Of or encum-
bering the real estate; that re-
ceiver be appointed for the Southern
Building Corporation; that the build
ing he sold under the jurisdiction OF
the court; that the outstanding bonds
and stock of the corporation be deter
mined; that $4,000 preferred and
s25.OO common stock issued to j. M.
Baker, R. H. McNeill, J. L. Karricls
and Chas. A. Douglas issued without
consideration to said parties be can
called: that $500 preferred and
s75 90 common stock issued to said
Baker McNeill, Karrick and Douglas
while directors Of said Corporation
he Cancelled and also that certain mort,
gsge bonds and stock held by the
Richmon RealtyCompany or the two
insurance companies to be either can.
celled or the holders required to pay
mar value therefor; to protect and en-
force in all other respects the rights
and interests of the compialnants ant
all other minority stock holders Of
the Southern Building Corporation
who ar similarly situated
Gardner L. Boothe will represent th'
Southern Building Corporation.