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(ELELBSHAUSKN VEBSCS WALLIS.)We learn by Jute London papersthat Mr. Ellershausen has, we are!happy to say, just come off victorious in the coutefet with one ol' theWhite way t ri be a lawyer whodeals in shares upon the Londonange. The ease was triedrecently before Mr. Baron Pollockand a special jury, resulting in averdict for Mr. Ellershausen, theparticulars being neaaly as follows :In 1.881 Mr. Ellershausen, beingthen the owner of a very largeproport ion of the whole of the sharesof our Newfoundland ConsolidatedCopper Mining Company, and beingdesirous of placing them .011 the American or English markets, employed * Messrs. Allan Stead,;brokers, in New York, for that pur-pose. Mr. Stead thereupon went across to London, and there enteredinto an agreement with the defendant, Wallis, who is a lawyer ofthe Whitewav cross,.and who, likeour friend Whiteway, is said to bea *■ promoter” of companies. Wallis was associated with one Gunn—thefirm, we presume being Wallis and Gnnn ; but the Gunn must havegone off. or been discharged, as wecan learn nothing more of him inconnection * with the little game, jAt all events arrangements were jmade with Wallis by Stead forplacing the shares on the Londonmarket, and as the work of disposing of them did not appear to goontoo briskly, Mr. Ellershausenthought the best thing he could dowas to go across to London himself,nand endeavor to hurry things up alittle. Consequently, Mr. Ellershausen went over to England, andwas at once introduced by Mr.Stead to \V allis ; and lindi iji thatthings were not progressing very satisfactorily, Ellershausen thought1it better to take things into his own hands; this was not aeeom however, until after Wallis had succeeded in exchanging two promissory notes of his own for £2,‘J50 of Mr. Ellerslmusen’s valuable cash, which the former needed to meet a pressing private claim. In the meantime, it appears, Wallishad disposed of only about'six hundred and forty-four of the shares when he waived his right, as he says, under his agreement with Allan Stead, to allow Mr. Ellershausen to deal independently withthe shares 111 question. For- thiswaiving- of his right a»dv certain1 promises alleged to have beento him by Mr.Jis finally /lemand- ^ i ed the nice little sum of £15,-000’from Mr. Ellershausen, whichthe latter totally ignored. Mr. Ellershausen was consequently compelled to take proceedings against Wallis for recovery of the amountof the notes, the jury finding forthe plaintiff in his claim for the*notes, £2,950, without interest, butdeducting therefrom the sum of£966, being the amount couuter-clnimed by , Wallis as commission upon the sale of six hundred and*forty-four £10 shares, at thirty shirty shillings per share, and for which he had obtained subscription bu.t without/costs. \w- A ': ' ' ■
Newspaper Details
Saint Johns Our Country
Saint Johns, Newfoundland, CA
Sat, Jan 12, 1884
Page 4
Full Page
Clipped by
Martha S.
USA 29 Mar 2021
Other Publications Near Saint Johns, Newfoundland
Saint Johns Daily Tribune
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