Shinkle suit to recover shares of Hemingray stock

SUIT TO RECOVER STOCK.

Dispute Over 470 Shares of the

Hem­ingway [sic] Hemingray Glass Co.

Howard Shinkle sued Samuel B. Vickery and the National Bank of the Republic yes­terday to recover 470 shares of stock of the Hemingway [sic] Hemingray Glass Co. of Covington, Ky., said to be worth $47,000. Attorneys for the plaintiff say that Russell Gibson, gave his note for $10,000 to Vickery and pledged the stock sued for as collateral. The note was deposited with the bank for collection, to­gether with the stock, and later Gibson sold Vickery about $33,000 worth of property, Gibson agreeing to buy it back at the end of a year if Vickery was not satisfied. Vick­ery elected to return the property, but in the meantime Gibson sold his equity in the stock to Shinkle, and it is said the bank refused to give it to him unless he paid $33,000 on account of Vickery’s decision to re­turn the property which he bought from Gibson. Shinkle made a formal tender of the value of the note, $10,000, yesterday, and demanded possession of the stock. The bank refused to give it up and he sued to recover, asking also $1,000 damages.