The New York herald., 1870-07-07
THE PACIFIC COAST.

fmporfanf Suit Against the Central Pacific
Su'lroad-tn Expose al fhe aauasrment-
Ammense Pr0Hts ON {Ontracls--T!,a Comma.
n}'s Side Of tae Question-The Gold i.il,
Fire.
SAN FRANCISCO. July s. 1870.
samuel Brannan has commenced suit against lie.
'ahu stanford and other directors ana officers or The
oehtra Pacific Railroad and of other corporation J.
and IN his complaint alleges that he subscribed and
PAID FOR 200 shares of Central Pac,nc Railroad stock
and now owns them That the defendants sub
5cribed ior. and agreed to pay for $50 shares,
but that the said stock was issued TO them
without considerations That the defendants
Illegally, as directors OF the Central Pacific road
ISSUED to themselves and Others large amounts OF
cie STOCK or said corporation without valuable con
sluerahon' and the said directors managed the al
iars OF the company for their individual benefit TO
tle detument OF other stockholders. The plantR
estimates the various subsidies OF the company at
oVcr olooOoo,000, ana charges that only part Of
tie same has been legtimaely expended and that
the directors have wrongfully converted The re-
Inainder TO their own use. He charges that a con-
tiact company was organized under the name OF
CrotRer Co., through Which the directors let CON
tracts TO themselves. in some instances at two hun
ured per cent above the value OF the work done
the aggregate profits of which to the defendants is
S7ooOo 900. The plaintin claims that the profits OF the
central Pacdc Railroad Company should be divided
O'dto among the stockholders. He gives % his
tory OF the connection OF Wells, Fargo K co. with
the road whereby for consideration OF an exclusive
the stock of Wells. fiifeo L Co. was warered. and
bl.5oo,ooo OF the watered STOCK delivered to the
directors OF the railroad company lie AYERS that
the Central Pacific Company has purchased the pro.
perty ana assets OF the Western ana the Southern
Pacific the san jose. The Alcmeda ana Oakland Rail-
roads. and TIE Aemeda and Oakland ferries; ami
asks tat receivers he appointed pending this suit,
oil TIE property OF the company
Benjam Il T. Butler Is one OF the defendants coun-
sci.
1autG ford nf
road IN his answer To the affidavit OF Samuel an.
nan. states tnat each aud all OF the allegations
tieieil cont AIMED are false, malicious ana without
ioundation Of fact. He further says that the suit
Is not brought In good fath but for the purpose of
eXtorting money from the company, and grows out
OF an old standing ennity against the railroad to
which Brannan attributes very heavy losses s,ls
telned by an Inland express company, OF which he
was part owner. Mr. stanford concludes follows
"Ine record Oi Tie Ot1cerS ana management OF the
central Pacific Railroad Ii so clear that all attempts
70 Diackmail the company have heretofore Jailed,
and tllIs one VIII prove no exception to the rule
There were number OF shooting aiirays aud one
assassination in this City yesterday.
The fire at Gold Hin, Nevada. burned the principal
Dllidings on both SIDES Oh Main street The materials
OF the Pe0pieS Tribune were destroyed. The D0ffy
Ne,os Office was slightly damaged.
Inc Chinese quarters at North san Juan, California.
were destroyed Dy lire on the Fourth and one Chna-
man killed
The gentlemen composing the exploring party
from the Neither ands Messrs. Dreschler Var ri,nt
ana Fanjoy-whO have come 10 this coast In The in
terest OF the Museum Of the Netherlands will leave
today overland, for Oregon and Washington Ter
ritofY, thence TO Alaska. They contemplate being
absent about five years.
The secretary OF the California Pioneers has been
presented with the last Mexican flag that iOated
over this city previous 10 the acquisition OF California
by the United States.
The steamship California. from San Francisco to
Portland, caught iire on tne ith OF Columbia river
bar, causing panic among the passengers. The
DANES were extnguished.
Cinnamon En- Route for the Easf-Iosses by
the Gold fill Fire.
SAN FRANCISCO, July g. 1870.
Five hundred more Chiuameu have been for.
warded to the East
The loss by the fire at Gold Hill Is $780, OOO ana the
Insurance $4,000. Forty buildings were DESTROYED