The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-11-01
FILE 100000 SUIT,
CHARGING INJURIES TO
WELFARE LOAN SOCIETY

FORT WAYNE, Ind, Nov. 1.-The
Welfare Loan society. of Fort Wayne
Monday filed suit against Thomas X.
O'Dowd, Newton Watson, Samuel c.
Smith and Alonzo NJ. Kendall for $780,
600 damages charging conspiracy IN
aiding complaint last week against
the Hawkins Mortgage company and
also charging conspiracy to destroy the
business of the Welfare Loan society
of Fort Wayne The suit also alleges
the society sustained injuries by cir
culation of alleged false statements
contained in the complaint over the
state of Indiana.
The complaint alleges that Thomas
]. O'Dowd, one of the plaintiffs, ex-
changed alleged worthless stock of the
Blue Cast Magnetic Springs company
for common stock of the Welfare Loan
society, of Fort Wayne and that the
plaintiffs falsely alleged in their COM
plant that O'Dowd paid cash for said
stock and that the Hawkins Mortgage
company received such cash, that
O'Dowd fraudulently misrepresented
the value of said stock and thereby de-
frauded the Welfare Loan society of
S4,3S0 and that O'Dowd owls the Wei
fare Loan society of Fort Wayne that
sum by reason of such alleged fraud.
The complaint further alleges that
O'Dowd and Kendall are stockholders
and Kendall is president of the Peo-
pies Finance company of Fort Wayne
a competing company of the Welfare
Loan society and that the parties IN
filing their complaint against the
Hawkins Mortgage company consplred
together to tear down and destroy the
business and standings of the Welfare
Loan society for the purpose of being
able to buy the assets of the latter
and consolidating with the Peoples
Finance company and that the COM
plant against the Hawkins Mortgage
company was filed no other purpose.
Allege Negligence.
The complaint further alleges that
the plaintiffs in the suit filed last
week did not allege any facts upon
which a careful and capable lawyer
would file a complaint and that the
plaintiffs were negligent and careless
in employing an attorney who was not
able to advise them properly and
cautiously in the premises and tnat
therefore they are liable for damages
for failing to properly investigate the
Hawkins Mortgage company ana the
welfare Loan society Vi rOII way ne
The complaint further alleges that
the plaintiffs never made any request
or demand to examine the books of
the Welfare Loan society or Fort
Wayne or the Hawkins Mortgage COM
pany nor in good faith make any re-
quest relating thereto and that in Ill
ing their suit last week they acted IN
bad faith and for the sole purpose and
object of running the Welfare Loan So
ciety and iniuring the Hawkins Mort
gage company.
The Welfare Loan society will sue
Mr. O'Dowd Tuesday for $4,000 dam
ages charging fraud in the Blue Cast
stock matter and will sue Mr.. Kendall
for $4,000, alleging that he owes that
amount as surety at the Welfare Loan
society.
The suit filed at Fort Wayne made
only one party defendant. That was
the Hawkins Mortgage company NO
Welfare Loan society was made a de-
PENDANT. Press reports sent out from
Fort Wayne to all newspapers in In
diana stated that all Welfare Loan
societies were defendants to the com
plant.