Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-08-19
ENACTMENT IS ISSUED
ON RAMsAY's HOLDINGS
Mrs. Bussard Files Bill In Equity to
Procure Repayment OF
Money.
HEARING SET FOR AUGUST 2,
Police Court Defers Examination of
Real Estate Man, Charged by
Widow With Misapplying Funds
Placed for Investment.

Ashley d. Ramsay. president of tho
Ramsay Realty Company. Inc. who wa.
.'ircstcu tuesday afternoon by Detec
ives Wiltshire and Bryant on two
warrants charging him with the theft
o! S5'Zio.b5 and negotiable note for
",.'"f'V from Mrs Laura b. Bussard
VINO Formerly lived In Cumberland. Md
was granted Il continuance until August
- by Justice Crutchneld In the Police
court yesterday. lie was committed tn
jan TO await the preliminary hearing.
Dill In equity asking that ali OF
i.ahsaSs interests in certain lots in
Colonial Place be attached TO nrocuro
money alleged to be owing to her, was
ticd Yesterday in the Law and Equity
Court by attorneys for Mrs Bussard
The Bunting Mcneil Real Estate
company. Inc: II. II. Singrey and w $
Green. trading as the Slngrey Green
construction Company; III. r. Pollard,
Jr., trustee; II. NJ Vaughan and n. V
Whitehurst. trustees. and II. II. Bruce
are made party defendants to the suit.
MRS. BUSSARDrS VERSION
OF DEAL WITH RAMSAY
In her bill Mrs. Bussard alleges that
in March, 1915. she contracted with
ramsay for the purchase of two lots of
land In Colonial Place. and subsequent
lH for the purchase of an additional and
adjoining lot. The price set on the two
lots was $500. and Ramsay, It Is al
legged. was to build n house for Mrs.
Russard for s2,45l. agreeing also 10 fur
nish the house with city water. AZ sun
dry times. it is claimed, Mrs. Bussard
paid Ramsay amounts as follows:
Sl.l0o. $1,000. Sly and $3.50. In May
she paid $50 for insurance, and in this
month she alleges that she gave Ram
say negotiab BILE note for Sl.5O4.72.
When Mrs. Bussard moved here from
Cumberland, the bill rccites, she found
n mechanics lien filed against the house
to the amount of 21.53, with interest
from May %. She learned also. the bill
goes on. that Ramsay had no title to
the two lots. but had made deed OF
trust TO II. r. Pollard. Jr., trustee, to
secure So.240. and that on May s he
made second deed of trust TO II. NJ.
Vaughan and r. V. Whitehurst TO Sc
cure Sl.325. and that mechanics lien
had been placed against the house by
the SinErey Construction Com
pany She learned also, it Is stated.
that the title to one lot was in the
Bunting Mcneil Real Estate Company.
Inc, and that other titles are held b.
contract between Ramsay and the real
estate company.
CLAIMS WIDOW WAS
SToCKHOLDER IN COMPANY
If she be unable to procure convey
ance OF tho real estate. Mrs Bussard
asks that Ramsay be required to re-
turn her the money she advanced him.
with interest, and that he deliver UP TO
her the negotiable note An attach
ment against the property has been
issued
Mr.. Ramsay asserts that Mrs. Bus
Sard is stakeholder in his concern to
the extent of Sl.i0o. and that the other
money he obtained from her was in the
nature of n loan lie claims that he had
the right to do with il as he saw ft.
and to mortgage the bungalow Ram
l. t,,,y1
with the expectation OF having Mrs.
Bussard take II off his hands later.