A Saline Banker

A SALINE BANKER

Striving to Get Back Money Paid For Worthless Stock

The Lansing Republican in its court report of Friday says the following of interest to Washtenaw county citizens:

The three-cornered transaction by which W. H. Davenport, the well known Saline banker acquired 65 shares of stock of the old Ingham County Savings Bank was aired in the circuit court Friday. Mr. Davenport is suing to recover.

The bill filed by J. P. Lee and R. A. Montgomery, the Saline bankers' attorney, is a voluminous one and is scathing in its allegations of fraud. It alleges that when Horton Longyear sold to Davenport the 65 shares of stock originally belonging to Charles P. Downey, he was fully aware that the stock was worthless and that he had been heard to make the statement that he would not have it on the books of the bank in his name. It is also alleged that Mr. Longyear misrepresented the ownership of the stock and that Joseph E. Carroll, who was a prty to the deal entered into the fraud as a agent. The defense enters a general denial to these allegations.

Mr. Lee asks that Longyear be ordered to re-convey the land which Mr. Davenport traded for the stock with $1,000 which he also paid in money, and to refund the money which the Saline banker was forced to pay by order of the court, when the bank failed, as an assessment upon the stock.