The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-01-25
OWNERSHIP Of HECLA CERTIFICATE No, a
TOBE CONTESTEOMT THE COURTsOF IDAHO
MILWAUKEE, COMPANY BRINGS SUIT IN EFFORT WILL BE
MADE TO PROVE THAT MRS. L. HuMEs HELD
STOCK FOR WHO BOUGHT IT.


the 10y out of life. Last week the
Miner published the intensely inter-
esting story of certificate No. Al repre-
senting 5000 shares in the Heela Min
;ng company. Purchased in 1892 for
s5O0 the owner of the certificate mys-
teriously disappeared and all efforts to
locate the missing certificate proved
without avail. In 1900 the company
began paying dividends and since that
date the amount due on certificate No.
Al has been regularly credited on the
books of the company until the sum
of S26,500 had been earned on an in
vestment of $500, and in the meantime
the value of the stock had increased
from 10 cents per share, the purchase
price, to $8 per share and represent
ing a total of $4,000. The story told
how the certificate which had baffled
all efforts to locate it had come to the
First National bank of this city last
week from the National Bank of Com
merce of New York with request
to collect the accrued dividends and
have the certificate, issued in the
name of M. L. Martin, reissued in the
name of Mary l.. Humes, being the
same person. The Miner closed the
fascinating story with the. statement
that Mrs. Humes would forthwith re-
ceive the accumulated dividends
amounting to $26,5OO and new cer-
tificate having a market value of $4O,-
OO0 aggregating $66,5OO on her original
investment of $500, and also expert
ence the comfortable sensation of
having a steady income of $3.50 per
month at the present rate of dividends
paid by Hecla. The story was all
right except the closing, which again
proves Athat there's many slip
'twixt the cup and the lip" and appar-
emily justifies the pessimistic senti-
ment with which this paragraph be-
gins.
Dividends and Stocks Attached.
Mrs Humes had scarcely time to
recover from the shock incident to the
news of her good fortune when notices
of attachment were served on the
First National bank and the Hecla
Mining company at the instance of the
Northwest Realty company, of Mil
waukee, forbidding the payment of the
V1efnr nf
the stock to Mary l.. Humes, and in
structing them to hold the same sub
ject to the decision of the court in an
action brought by the Northwest Real
ty company against Frank A. Lappan.
The case against Lappan was filed In
the district court last Monday. From
the complaint it appears that in 1893
the Plankington bank of Milwaukee
secured a judgment against Frank A.
Lappan and Owen Lappan, Jrr in the
sum of s219.297.64; that the Lappans
appeared and confessed judgment ana
the Judgment was duly entered in the
records of the circuit court OF MIL
waukee. Subsequently $97,145.31 was
paid on the judgment, leaving a bal
ance still standing of $122,225.55. ON
May "a, 1910, the judgment against
Frank A. Lappan was purchased ny
the Northwest Realty company which
now brings suit to recover the amount
together with per cent interest from
November 8, 1898. Following the is
suance of the judgment in 1893 1t Is
alleged that Frank A. Lappan left the
state of Wisconsin and has ever since
remained outside the state. ana tnat
ba ia now a non resident of the state
OF Idaho.
Connection With Certificate No. A.
IT apepars that Frank A. Lappan
was engaged in the banking business
in Milwaukee in the early 90s and the
fainre of the bank led to the 5udg-
ment being secured against him wnicn
forms the basis of the above suit. IL
appears also that criminal charge
of wrecking the bank was laid against
him, and that he left the state TO
escape trial and since that time MS
whereabouts are unknown. Accord
ing to Information recelVeu siiNo ~
suit was filed in the district court
here the plaintiff, the Northwest
Realty company, will show that M L.
Martin, to whom certificate No. Al
was issued who is now Mrs. Mary L.
Humes. is A sister of Frank "A. Lap
pan. and an effort will be made 10
prove that Lappan is the real owner ol
the stock, that he paid for 1t, and that
his sister was merely figurehead IN
the transaction. The trial of the case
promises to be of unusual interest
G. w. Beale is attorney for the North-
west Realty company.
Files Big Bond.
An indemnifying bond was tlieu ny
the Northwest Realty company for the
sum of $4,000. This bond, one OF
the largest that has ever been tileO
In this county, was written by tne
Ross Insurance & Investment com
pany for the United States FidehtS
& Guaranty company.