, 1869-11-21

~ n.me me-, Of ;hc Great western Telegraph ConrAn!
he management Q. which was Rlyen entirely A
TIE ne nsn1s q 81 !sa,s e M nj.
e.es Of as.oc.s1lon have oeen pnfFoss,y wnsns,
'"e sharenolas5, =; h 70 g1rsfo! 'Re1 'n'e7as'
~ ~, lne neI TN Of May 1s..
,.--.. Ae Ioood1sd shsres Of th~ Stock Of Il
company, 10. wnA- - r,r vs!os IL =
fnarr. OF twenty. .rve per ceu. =. -. u;pn 4 II
each, the eneecrirl!on teirE mad. an szec,
Neht 70 pay ave per cent Of Tic sun tuh. vol
me baiaEce being due u,en call or tae DIR,
from tlt1e to time. provided shat when iorty p.
e, 1ent o; re paI value q e,en .a1e sn ud te rad
dered, eerhucales OF stock should issue as cf
stock paid %. u Ant other counu,o1s tnan
Complainant saJs thas TIC Shareholder, hsd
nesrr rn-t to elect Directors or for any other pur
pose, 60t % IN ~; ne patuea specially named have
ity, Al Is Claimed, ty IN election among Ihem.
sslses when Mr. Gaee ~As we President, Mt.
SNOW SeersiafI. aud NJ; Reeve Treasurer. suie
fe9ucntlt MI. Reeve resigned, and hts a4spcistes
assigned all the Etock Of tic company 10 him,
being by the sss:gnment agre-d that
ne SReescl .honla build the line. Of the Company
the rate o. sluo per mic for each adtttionM wire.
With ileerty ia him 70 sell ine stock, aud non tue
and ren brrre himself tor hts orllsy. 37 ''e''''
tndtr TITS oRrceEent the stock v ~ srxnsterrrd,
neese S1ti1 NO security that he = oald tnl1i his
hle, whereupon be went 10 can1dA, commenced
n 81 sEec.son OF Telegraph vsss, being there aarl
1t u Charged thai the contract was made 10,
The parpoee nf tr:uG1tR the capi1allstock into the
hanas Of the defendants named, thai tnry might
tnus delrsust the stockholders, and that The COM
r1rJ Nas nIEai ked ~ \ trAud upon the public
N Aa cf me ntopoee0 fraud, 1t 10 aveiyed that.
,,,, si,e5 SUBSCRIPTIONS werc msde, the hcAdinss or
espi'H stock q, o. to) woolt he zun1eieas 10 e.
aud Is otly The Intention 10 call In from thtrtT
y thistE Ore cents On The dollar subscribed, and
theh to tclute to Issue any certificate until the
sun o. 10 pts cent covepauted 1or, snoald he pad
rpt wherefore, A u VITA Rot wanted, the company
Woaa rot he tsourh TO 'ssre II Is also surEested
That Case, snos AID Il. eve el.tn that TIT to no
right TO ras the ~ reF cent uoIt It Is called for oy
thr piEtctot. Wherefore, II there te no sucn cali
tttre canro: b N te.rc cf stacs- III rcA.on OF
which srtsr1t efx viii be deirAnded.
made. about QnAr1er OF million dollars hare
eeep r. ieSssed. !ne same being ra,a over 70 snoF
ton of tie line Of the company.
y + luther alleged thss tbt contract Is ilegA,.
!ot Tie Actual rost Of binding The urss !ce I. o1J
~ ~ n1seah O. Eee: aud onl, $ss insiesd OF sioo
There Ii further ayerneut thss the Directors
nsse met onlt once ard then 81 the instsoce OF
vel. Who bad become dissatisfied With the con.
dnct Of sCslts They demanded m Investigation,
hno. 10 avo!d trouble, there rrce.trd IN rome way
Ioe ahsfrr to zach OF l0n shares at stock without
consideration other thAn their silence
* charged that the 70 called Dtrectorr have |
never rstd any thing on heir stock, aud that, Al
thnnE1 the coupsDJ Wal formed In December,
te6s, there h&s neFef been report Of ita buatnetf
tranfactiona Ate, hut to the conteary Rhcfe has
hecn total coLce2iment OF ~ condition, although
there have teen highly co'orcd hhndblil ctrcntAt-
eh ln wh!ch It rRA 6t1sci that these were Direct.
on: E'itha & N1ds~ crth Nathan Near, c. h. |
Farwcl!, J. c liatocs, Samuel Hal. J. Lombard,
y. T. tuscr. F. IL G'anincr, DAvtd kregh. \.
Il. FAIbank, GsotEs v. Gray. and A. z. Dateht |
who ase tat.d nescf to have o-eu elected, tae |
arcrncns being tha', tecsuse OF tner standing |
and weath taeir nsn'ce hare hftn used to IN .p,fe
ttste conndrncc on the raIt Of ntsuspcct.nE /
caplt:isA in tfe company. Tncs-. Or otaer ukod+ |
hitA u y aHeRrd. gAfe list Of humber ol pooA
to And from which 1tnt ran. ami this, II IL AAd.
Nher Ia potnt Of fact tne tine II only erected from
Chicago 10 A1Haufee and liock 1-lsnd lntan
tuslnt ~ OF Whlch, however. It ID slte9c1 ptp6t
OF 10 PER cent Wa made II cirt7lar issscI Is 10
be believed.
Complainant sayH that he pax, ssoo On bis
stock. Whtrtupon ho Demanded \ certificate,
y whtch was refused 10 6e given to him There
uton he offered to pay mp the full % per cent,
which va rrtn.od TO t,e received, except as tho
The pfAvcr u for full disclosure ~ 10 the con.
atsIon ~ the conpHny. - vcll n that the cot.
tfact With Reeve may be declared fraudulent and
void; that tho Directors may aeoouut and that |
certificates may b compelled to oo 1ssoed to him