New-York tribune., 1866-04-28
Oil speeula,,on. i. western virginia.

In the Supreme Court Chambers yesterday, before
Justice Clerke the case Wm W. Averil agt Leonard W.
jerome and action brought by Gen. Ayerin OF
cavalry fame against jerome Riggs Co., and Others
complaint setting forth that ID the Fa OF 1864 H. i. Ayer
procured the parebas OF about g. 500 Of
land ia Putnam Co. Viren cOltracs being made
HenTy }. RAYMOND and JAS. Carson bat in
i0 y G Ts ' % Gs s & Of Fsbr"sry .s t e
fgbts under those eon,iaes al Icing N Jerome Asg Co
IL Hutton. o. j. and H. J. Averl and The plaintiff they
formed Joint soek COMPANY named the Averi Coa and OIL
opany Of which the plaintiff elected President and IT.
r. Averi Superintendent That the latter directed by
che trustees 10 90 at once to West Virginia and went accord
tngy that be expended over SUOOo wLIeb vas paid by
Eishs Riggs Treasurer and jerome Rig Co.. bankers
named Raymond CITY covering 2j acres caused bricks TO be
manufactured erected sawnl, and mined quantity Of
siding the property 5000 tnat neither has been paid the
saying that the payment depends plaintiffs join
iag In dssOivBg the Company aud creating that
IN srgaDzng the Company 2o shares OF stock were 10 be
eveed 10 Raymond and Carson f the land who were 70
nsniog 1000 among 5e associates the plaintiffs share be
Ing shares TINT Raymond and k have refused
land & Sd ave- o m s s' a that IL
May last resolution passed TO se the 600 shares OF
Hutton and Whewrigtt agreed take that prce but
have only paid s2 Coo the plaintiff sod 35 OF these shares
sssre: January last Gen FRANKLIN resigned
his position as trustee and confidential clerk Of Rggs
plantia had no note. and did nor sepd fsv sTe ng
sasd the sale Of TIC 800 share. Of stool and that The,
have held other meetings devise and
ths property from the AvtrD Coal and OIL Company
company be called The AVerl Coal Company. lie ssks
therefore uncioD the the appoint Of
receiver that ymopd Riggs be compelled 10
TO the Aver Coal and OIL Co. and that the exc
oaton Of the 10 purchase the coo shares be
pellef
The defendants aidass up tha, the A1eril Coal and
Oh Company u formed though preliminary
steps taken toward IT, That there is f9Ooo Of their
the plaintiffs haDds for that when the
original underssnding entered period Of great
Bpeculays e1citemeH and expected that the stock
would sell rapidly BAT found that consequence Of de
This reses 20 the 1000 shares Of working capital which
thrown the nark. That agreement 20 take
this 500 shares agrssusnt among themselves not
made with the Company which did exist nor with the
plaintiff and that the remainder OF the scheme being absn
oned this agreement anDned among tbemseve. they
had right 70 do. That thinking arrangements 10 have
started large scale and account OF the stamp law
snd other and having resolved TO carry on The dee
opment OF their anCs with their funds and tue Antf
amssf strongly urging IT, they resolved TO comDece new
the OF shares 0ul reducing the
par TO IS making the capital stock eJOooo That tue
resolution 10 that effect though passed when then Oenera wac
present d read Subsequent meeting and
no, objected by him That the plaintiff hiss not pad any
eaey aud not stocktoldef while the drieDdsn have ad
Ssn0sd ei620Oo
They argue the General In way injured by the
sed change he the proportion OF the stock
- bsofo Aer argument the Court took the papers, re-
ssryiax its deoaion.
Mr. Fisid for phintS Mr. Buckley for defsodsuts.