Show I ACCUSE SECRETARY OF oi HIGH FINANCE Salt Lake Mercur Railroad Says J. J G. G Jacobs Used Bonds Without Authority J. J O. O Jacob e secretary r of nr the theo Salt h Lake Lak and Mercur Railroad compan 1 Is a accused by hI Implication of tome some dealings deal ings In bonds bond that bear a n suggestion 01 or hip high finance Dane in a suit nit brought Friday Frida Fri Fri- day clay da against the Banc Bant of Commerce it lY lYthe v the railroad Jacobs Jacob Is 1 said aid to have h o delivered 31 3 I thousand dollar bonds of ot the company which he had bait no right to as collateral for a noto note signed by hy hImself himself him hIm- self and another In the company company's name me but bul without Its lu authority The bonds are are part of an Issue of ot made some years ago and ar are numbered numbered num mini from to 41 They The are for fot J 1000 each ench and b bear r Interest at R S p par r cent The Tho complaint recites that the th bank banI has haa a note lunte dated t td April 30 J 1903 and purporting to be bo a note of ot the railway railway rail rail- way ivay company which the corporation never authorized and anet also o another another- promise to pay signed b by Jacobs Jacoba for In this document it is la claimed claim claim- ed fod the company hits has no interest what what- ever The railway states It U ha has ha asked aked for rot the th return of or tho the bonds bond from the bank and the thc bank has refused alleg alleg- allegIng alleging ing that they arc collateral to secure tho Limo notes noto If It this Is 18 so 80 the complaint states tho the bonds ioro given lel AS ns collateral col col- col lateral without the consent of th the rom corn pany I A. A D. D Smith as president of or the company signs tho affidavIts affidavit accompanying I the complaint |