Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-06-21
STATE BRINGS SUIT
ASKING ACCOUNTING
ON v. VA. JUDGMENT
Bill Seeks Distribution of
Millions in Bonds and
in Cash.
DEBT COMMISSION HAS
$1,O62,867.16 ON HAND
Declares Securities Amounting in
Value to $l2,3o5,oOo Were
Stipulated in Settlement.
S1,133,5OO HELD IN RESERVE
Court Requested to Take Charge Of
Funds and Appoint Receivers
and Special Masters.
DEBT COMMISSION HAS
$1,O62,867.16 ON HAND
s1,133,5Oo HELD IN RESERVE

sun to secure an accounting and the
proper distribution Of millions OF dol
lara in money and bonds paid, and 10
DO paid, by the State OF Wcs: Virginia
10 the state OF Virginia, WAS filed in
the Office OF the Clerk OF the City
circuit Court yesterday. The suit is
brought by the Commonwealth of
Virginia. at the relation OF the Virginia
Debt Commission. and by John r..
Saunders, Attorney General. Eugene
I)elano. member ot the creditors
committee. and many others. both
known and unknown, are made de-
fcndants.
The bili nled In the case sets out in
inc Supreme Court Of the United States
In which the Commonwealth OF Vir-
gina; acting in behalf OF holders Of
ness. Obtained Judgment against the
S1a;e ,63s b9s,o 9t IVES, piTsinia After rsei,ing
terms Of the act OF settlement an adj
1lus,ment liia OF ne Judgment was made
ihat West Virginia should pay sl,662. :
so..l' WIN per cent interest and
and the residue. sl3.5o6. 900. in bonds
OF the State OF West Virginia, bearing
ga pcr cent interest. payable semi
Commission Hns sI.oe2,s87.1e.
1t Is further set out that on April
is. ,19le, West Virginia paid TO the
CieFk ot the United states Court half
Virginia Deb, Commission si.6us2.Ss7iis rs
WIN interest. amounting TO sl5.7a5 80
snc maj this money had been deposited
by The commission and awaits dis
trlbut!on.
The Bill further declares that under
thc agreement between the States
e be delvsred ~ %es, -iSis;inG virsi1ia are re-
f!ed full and complete itemized
statement, or list. Of the Virginia cer-
been deposited with the Commonw wealth
Of NirEin!a. or which are subjec; 10
ner ner control. !: is further stated ,ha,
q Puhlic Works Of Yves, Virginia and
the auihorities OF that State have
the ST., 500 in bonds as soon as
these bonds can be engraved and
executed.
Provide. for Reser,c bonds
After these bonds are delivered. the
bill declares. there viii remain in the
hands OF the West Virginia authori-
ln,,,IhG ties the sum Of Si,i3a55Go. which is
may nave the benefit o. the dis;r!bu-
tive snare OF such Virginia deferred
aestroyed: This residue is to be known
as reserve bonds" and are TO bc de-
liyeIed TO the Board OF rublic WORKS
or West Virginia and held IN escrow
lor those who may be entitled TO them,
the cert!ticates in the hands Of the
Commonwealth Of Virginia amount in
value to sl,l26,555S5. some Of these
hear no interest. some per cent in
terest and some : per cent hut all OF
mem are entitled TO share in the
Judgment.
In conclusion. the bill asks that the
court take charge of the funds and
airtct d!stribution, and that for this
purpose receivers he appointed to take
over the money and bonds and that
a a speciai MASTER be appointed to make
the proper accounting
>, William ~ Anderson and Randolph
harrison are special counsel in CON
nection with the Hing OF the suit.