Persse v. Atlantic-Pacific Railway Tunnel Co.

The Atlantic-Pacific Railway Tunnel Company in April, *1181891, filed a bill against Persse to cancel five bonds of one hundred dollars each which had been issued by the Atlantic-Pacific Tunnel Company in 1888. It is unnecessary to particularly describe the bonds, for the bill rested for its equity, if it has any, upon the arrangement under which the bonds were delivered to John A. Coulter, of Georgetown. The bill charged that in the month of April, 1884, the Tunnel Company placed the five described bonds in the hands of Coulter to sell for ninety dollars each. It charged that the proceeds…