The New York herald., 1870-03-30
TIE HANSON CAB COMPANY.
Ths Vuneer1 in Litigation-An Injunction Issued
by Judge Cardozo Restraining the Re-
funding Of subscriptions.

On the 9th OF last May the State Legislature passed
an "Act to incorporate the Hanson Cab Company"
OF this CITY, with capital OF $3.50 900, In snares OF
fifty dollars each. Authority was given the company
TO increase its capital stock TO the extent OF
$3.50, 900 for every additional 100 cabs put IN use
by the corporation, which was also authorized 10
organize and commence business whenever $lo0, 900
had been subscribed and twentfour per cent tnere-
OF paid in.
The company now appears In court upon COM
plalnt before Judge Cardozo, made by Calixte Iar-
vier behalf Of himself and other subscribers to
the cab fund, against Edward W. Brandon. Jerome
Buck, John h. Anthon, Walter Roche, Nathaniel
Jarvis, Jr.-the Hanson CAB C0mpany-Sidney r.
SlatOr, as treasurer OF the Hanson Cab
Company, and William Butler Duncan, David
Duncan, William Watts Sherman ana Fran
cis II. Grain, composing the nrm OF
Duncan, Sherman Co. and others. The CON-
paint after setting forth the terms OF the act OF IN
corporation OF the cab company, recites that after
the passage of the OF the directors resigned
and others appointed to Ill their places; thai
the defendants Edward w. Brandon, Jerome Buck
and Henry Spear, having been appointed commis-
soners to receive subscriptions to the capital stock
opened books for that purpose at the banking house
OF Duncan, Sherman Co.; that upon said books
certain persons and firms named in the complaint
became subscribers, each person deposting $l2 SO
on each share SO subscribed, which deposits on the
"a OF September amounted TO $1l 575 tnat upon the
representations OF the defendant Brandon, that
500 900 mad Deen subscribed ana twenty i0ur per
cent thereof paid In, q meeting OF directors was
called on or about the "a OF September, at which q
check for the Sll.575 was presented, and the SAID
defendant Brandon claimed that additional sub
scripons tor numbers OF shares, IN the ag-
tween the number embraced in the deposits OF
$11,575 and the amount necessary to be subscribed
IN order, to entltie the corporation to commence
business had been procured through his luSkrlI-
mentality and the requisite deposiIs thereon paid in
TO him; that the said Brandon further claimed the
right TO appropriate the moneys so received Dy him
to his own use, TO indemnify him against expenses
pretended to have been incurred at Albany and else
otherwise for the benefit OF the corporaton and also
claimed that there was sti q balance due him, ana
asked to have the Sll,675 also PAID to him TO meet
sucn pretended balance: Inat the necessary amount
OF $780, 600 never was subscribed although Brandon
did procure few subscriptions whose amount Is
not known, and subscribed himself but never paid
In the required deposit; that the books were re-
turned to Messrs. Duncan, sherman ~ Co. by the
directors at that meeting TO receive additional sub
scrptiCns, which subsequently amounted to twenty
ve shares and increased the deposits TO $1SS7 go;
that Brandon still claims all thus money as being
ton Is In the possession OF plaintiff that Bran
don never made any such expenditures nor
no such action was ever authorized by the COM
pany; that Brandon has on two OCCASIONS within
the present month commenced actions In the
Superior Court against the Hanson Cab Company
to obtain possession of Its moneys, and
Is still resOrting devices TO get SAID
funds out OF the hands or It's legal
custOdans into The hands Of irresponsible per-
son as receiver, from whom he expects himself TO
get possession OF them; that the SAID Brandon
person OF no pecuniary responsibility ana that II
he were to get possession OF the funds he, the plain
Till and the other subscribers, would be wholly re-
NEEDLESS; that owing to the course pursued by
Brandon ana those acting with him there Is now no
possibility OF the organization OF the company being
completed; and that the rgnr to organize is about
to expire and the project has been abandoned.
The plaintiff prays as relief from the Court that the
defendants, Messrs. Duncan Sherman d Co., be en-.
joined from paying over the said Iund or Sl1 SO to
any one but receiver 70 be appointed Dy Court,
who snail distribute SAID fund pro rata among the
regular subscribers thereto
Upon the above complaint Judge CardoZo issued
an order enj0ining the defendants Messrs Duncan,
sherman u Co., from paying over to any person
wh0msoever the fund deposited with them 1or the
Hanson Cab Company until the furthsr order Of the
Court