, 1873-07-01
The Great Western Telegraph C0nl-
pany Fakes Another Slcp
Upward in Laws
Ladder.
Their New Bill in tbs Hands Of
the United States circuit
Court Judge.
Tie Old Allegations Against Certain
Officers Touched Up; New
Allegations Made.
What the Petitioners Claim to Have
Found Out Since Previous
Disclosures.

Owing to tho bill in rovicw to tho United
stntes Circuit Court in George ". Darnham ot
al, Y. Groat Western Telegraph Company OF
AL, having boen inaccoBsiblo during His Honor,
Judge Drutnmond's abaonco ut Indianapolis,
md its having since boon in tho hands of tho
printer, tho allegations therein contained lavo
not hitherto been made public The bill is "for
ell accounting, aud otl.or relief"
Aftor stating tho rarlous transactions, already
furnished to tho roaior, which led to tho decree
under which an accounting waa ordered, and d.
rectnE tho election Of Board OF
Directors, and tho rather complicated
actionB ut law TINT MO pending, and rsnowing
tho various cllarges so ofton brought against
Reeves and his alleged confedoratos, tho bill
goes On to rofer to those notes on which were
founded tho
rRooEED1Saa FOR DANKaupToY.
and af1irms TINT notwithstanding thoir want Of
power to do anything Of tho kind, after tho
proceedings ut INV, said .Gage and said
Selah Reeves procured aaid Otis tho pretended
Treasurer, to issue the aforesaid notes, eix Of
them being payable to said Roove, aud endorsed
and payment thereof guaranteed by him, except
thas Of ono Of 81 1000, which was payable to tho
order Of David A. Gago; the renainlor being
payable to tho order of tho Commercial National
Bank OF Chicago, being endorsed and tho pay
mort thereof boi,,g guaranteed by said Qage
to aaid Reosye m in pay payment m Of claim for con-
structing certain limo Of telegraph undor a
fraudulent contract Of $500 por milo, which
notes 6aid Otis had ITO power or authority to ls-
sue, tho only authority pretended being
A RESOLUTION PASSED lY GAGE AND GEORGE II.
GRAY
on the 9Th Juno, 1872, thoy claiming to DO a ma
jolity OF tho Executive Committee Of the board
Of Directors. And, with respect to tic lines for
which Reeves received said notes. complainants
say Reoyos Threatens he will operate, sell. or
otherwise dispose Of thom which threat thoy
fonr lie will carry out unless restrained by in
junction. YloY further a}lego that Bnid Gngo
Of tho moneys, property, aud stock Of the Com
pany, aud permitted othors to do tue sauo; that
Il largo amount OF said stoclt
WAS ISSUED ro THEM DY THEMSELVES,
and to their friends gratulto1s1y, for which tho
Company has noyor received any consideration
whatever; that tl1ey have used and expended
largo amounts Of said Stock amounting to nearly
ono thousand shares, and seyeral Thousands Of
dollars, the property of said Company, for their
own private purposes, especially in the employ
mont Of counsel, aud III paying the exponsos Of
litigation in which thoy sought to sustain thcnl-
sclyes in their said actings and dongs:. Where.
foro, complainant 'nalsts that said Gage aud
Reeve should make nh account OF all property
and moneys used By them.
SURRENDER ALL sucH RTocK
to bo cancollod, mako good atl the moneys that
hayo bcen wasted aud 1niHappliod ms aforesaid.
aatisfy all Judgments against the Company, and
reimburse it ill moneys it mnv bo compelled to
pay on said Judgments by roason Of the issue
and negotiation Of said notes.
Tloy further charge that said Receiver has in
hand belonging to tile Company
uScoLLEcTED FRoM1ssnnY NOTES,
amounting to $4,000, and d number Of stock cor
tticates, for which No consideration has been re-
ceived by said Company, aud which. they claim,
ahoald ba surrendered to the Company; also
acompleto accounting betweo, him and the Com
pAny that said pretended Executive Committee
Tas not authorized to act or to confer any
authority on said Otis that Baid Snow, who was
member Of Baid Committee. had no notice OF
said meeting at which said pretended resolution
was passed !; that said Gray and Gage wero
NEITHER OF THEM STOCKHOLDERS .
who had given yalue for the stock standing in
their names but said stock had boon issued by
Gnge l. Necyo to Gage s Gray, gratuitously !;
that said Gage K Rcoye procured tllo said Com
morcial National Bank to discount certain Of said
notes for tho personal use and benefit Of one OF
them, or both |; thut said bank ia charge
ablo with notice OF tho rotations be-
TINT said bnnl is not IN innocent bona flle pnr-
chaser OF snid notes without notice Of the
equities in form Of said Company, aud that the
bunk lad actual notice Of tho tr1lo consideration
for eaid notcs, aud Of the matters in litigation
hotwocn aaid Company and said Reero, Gage i
Snow. That certain Of said notos wore renowod,
anil warrants Of attorney giyen not OIL the credit
Of said Company but
on THE CREDIT or SAID GAGE.
and that when they cn,po due and were loft un-
paid, snid bank cal.acd judgment to be cntozed
u,on anid notes, aud on process boing served on
said Gage, as President Of tho Company, ho re-
ing tho Company had received no con