, 1863-12-02
THE SOUTHERN MICHIGAN R. r,
A Great Law Suit.
fFrom the n. T. independently

Supreme Court, city and county Of New Yofs,
ean % Southern and Northern Indiana Railroad
Company, Henry Keep and others, defendants.
Summons, complaint, and afldavits, etc. Charles
Rapallo, Attorney for plaintiff, No.. C3 Wall st.,
New York.
Such is the title Of a great lawsuit just
commenced in this city;, and we shall be
amount Of stock-jobbing "f1nanciering."
Which will astonish the very Oldest inhabi-
tant OF Wall street.
Il appears TINT Addison 6. Jerome, Esq,
one Of tho Leading capitalists and stock op-
orators in this city, became convinced, some
time during the spring and summcr-on good
Wall street evidence-that the Michigan
Southern and Northern Indiana Rrilr0ad
Company was a sound Institution, that 1t Was
managed by honorable men, that 1t Vas doing
thriving business, and that m investment
of few millions Of dollars in the stock OF
sald corporation would be o safe and pronta-
bic operation.
In most Of these calculations, however,
Mr. Jerome claims to have been W0cfnlly dis
appointed; for, after investing in the con-
cern, for himself and friends, the modest sum
of four or five millions Of dollars, he sudden
it had, Us he charges, been playing "Schuy-
ler' to the tune Of about one and half mil.
lions. Said directors had " oyer-issucd' this
immense amount of stock, it Is alleged, il,
order to break down the Jerome party, and at
the same time furnish them, the directors, IN
opportunity each to make, as the Frenchman
said, zone grand spee-ea-ld-she-on."
Itappcafs by the sworn statements Of the
plaintltf, Mr. Jerome: .....
i. That The board Of directors never au
thoriZed these spectators to issue this i'm.
mense amount Of extra stock.
2. That tho responsibility Of these proceed
ings was assumed BY two or three individuals
nfas4r {bn
3. That deliberate attempt was made to
deceive the public in general and Ar. Jerome
4. That on application by Mr.. jerome to
Henry Keep, one Of the directors, for infor.
nation on the subject Of IN oyeE-fssue o!
said company had not Issued and did not.in'
tend to issue any additional stock"
5. Tint Elisha II. Gilbert, an cx-President
and q director Of said company, also stated
that no new Issue Of stock had been made,
Though at the time he well knew to the
contrary" as the "plaintitf verify believes"
6. That Milton Courtright, another dlrec
tor, also-talkcd in the same way.
Z, That the transfer clerk, Garfield Jenk
ins, said to Mr. jerome that "the company
had not issued any such new or additional
stock
s, That in consequence Of these false re.
prescntations' the plaintif says he continued
to purchase and hold said stock
9. Tint " finally be extrncted from the de.
fcndants William Keep and Milton Courtright
the information that nt3ditionni stock to fhs
extent Of about one million five hundred thou
sand dollars had been issued"
10. That certificates Of stock were issued in
favor Of the firm Of Lockwood s. Co., stock:
brokers, and that said Lockwood s. Co. sold
said stock for the benefit Of the company aE
stgenuine stock.o
fl That the register Of ,znid company.
| Ieuac Seymour, Esq, since deceased, before
signing said new certificates Of stock, re
qaired deposit Of " various collateral sccn
rities us an indemnity against such acts, and
| said securities we're deposited"
r. That the plaintiff was called on By the
Bank Of North America, Of which Mr. sey
| mour was President, to return loan Of thrct
hundred thousand dollars, for which loan tht
"gcnuine stock Of said company had beer
! given, In part as collateral security.
| 49, That when it became publicly knoT1
that large amount Of new stock had hec1
thrown upon the market, the price suddcn1,
| fell from about ITO to -.
But VIC have neither space nor patience to
go on with the details Of this monstrou:
| HOperatiou.n