Norwich bulletin., 1914-05-30
SHORT CALENDAR BUSINESS
 IN SUPERIOR COURT
Receiver Thayer's Petition for Advice in Thames Loan ( Trust Co. Mat ters Game Up.

'
 ters Game Up.
 At the short calendar session of the superior court here Friday morning. with Judge Shumway presiding. large proportion of the business down on the motion list was either postponed or
 Matters that were postponed were the following: Thames Loan and Trust Go. vs. J. B. Gladue and others, John H. Ryan and others, admr., vs. Mary E. Durgin and others, John H. Ryan and others. admr.. vs. Mary E. Durg1n and others, all foreclosures; Joseph Weissman and others vs. Louis Rosen- berg, alias -. order to cite in new party defendant; Joseph M. Clancy vs. George F. Taylor, bond for prosecu- ton and argument of demurrer; Bessie Wachinski vs. Harry J. Kennedy, ar gument of demurrer: John J. Mac Dougall, admr., vs. T. A. Scott CO, to set aside verdict and for new trial.
 Headings Ordered.
 Headings in two weeks were ordered in John McNeil, admr., ys. Central Vermont Railway Co. and others, and the same in William McNeil vs. Gen. tral Vermont Railway Co. and others
 Motion was granted in Belle G. Spalding vs. Alice A Martin, executor, appeal from probate. to substitute ad- ministrator de bonis non with will an- nexed as defendant.
 Two motions that went of were in American Strawboard Co, appeal from compensation commissioner. default for failure to file reasons of appeal, and motion for special abil in Gift vs. Hull.
 Order for Sale Confirmed.
 Order for sale was confirmed in Quinton I. Gobel vs. Hatch Oil Engine Co, but an order on compromise of claims of Prentis Tool and Supply O. and of Albert Cohen was postponed.
 In Thames Loan ( Trust.
 Receiver Thayer of the Thames Loan 6 Trust Go. asked for advice in re- gard to accounts in the bank. There are accounts that vary from s1 to more than a hundred and the owners in which the owners have exceeded the legal time for proving their claims and handing in their books.
 Judge Shumway said that where the accounts of deceased people are less than $100 they can be paid to the legal heirs, but where they exceed si00 administration should be taken out upon the estates where people have been slack about proving their ac- counts their books can be received as though the owners had obeqed the rules.
 MT. Thayer said there is an account due to one Patrick Donahue of $1,452.S2 and the owner cannot be found. The court ruled such account should be treated as in other banks and be held the usual time and effort made to To- cate the owner
 One batch of accounts ranged all the way from 2s cents to more than 1000 and the total is $25,944So.
 Robert W. Perkins, the treasurer of the Thames Loan & Trust Co, ex- plained the handling of accounts and said some people sent money by mail and did not want to be bothered by bank books and they were given monthly statements of accounts. Such accounts were those of w H. Doane. Norwich and New York Propeller Co.,. Norwich and Colchester Construction Co, New London and East Lyme Rail- way Co.,, and others. Some were To- cated outside the state.
 Charles H. Wainwright of the J. c. J. Wainwright Co. of Boston said his company did work at the Norwich state hospital and had ss04s7 in the trust company here and did not use pass book
 Sst-off Hearing Postponed.
 There was postponement in a hear ing on claim of set-off against United Railway company's notes in the Thames Loan and Trust Co. receiver ship. Receiver Charles F. Thayer ap- piled for advice as to whether a de- posit of the United Railways Go. of 6.42 in the commercial department of the Trust Co. can be set off against the debt evidenced by certain notes of the United Railways Co. which are held among the assets of the Trust Co. These notes are collateral trust notes, so called, in classes A and B, and are of the face value of s53, 1S8.s1, but were appraised as of no market value, and far the TQPniVaF- knows nf n market value, he says in his petition for advice. He~further states that the trustees have in their hands sufficient property ard funds to pay 2s per cent Francis de c. Sullivan of New York. Si.as ". c. Jones of Greenwich, Frank lin s. Jerome and Robert w Perkins were the trustn~s in the contract made wit hthe United Railways Co.
 The United Railways Go. is New Jersey corporation, with Leonard 1T. Saunders as president and John M. Walton secretary. these two officers signing the agreement with the trustees which was dated Aug. 1, 1909. Class A notes were to be issued in amount not to exceed 3300000 and class notes to be issued in such total amount as might be necessary to acquire such accounts payable of the Norwich and Westerly Railway Co. as the United Railways Co. might deem desirable to obtain.
 Collateral security involved in the transaction is shown as follows: 467 shares of Pawcatuck Valley Street R. R. stock; tw onotes of same company, $73, ,s63.65; notes of Westerly and Con necticut Railway Co. s44,0o0: open ac- counts of Westerly and Connecticut Railway Co, e6,s00, bonds of West erly and Connecticut Railway Co. sso. : 00f: notes of Norwich and Westerly Railway Go. yfz.. sa0. .000 endorsed to First National bank. Norwich. $10. 900 endorsed to Norwich Construction Co. $s,600 endorsed to F. s. Jerome, SIS. .006 endorsed to Thames Loan and Trust Go, S10. .0t0 lendorsed to Atlantic Ma tional bank, $64,957.ss endorsed te