New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-08
METHODS OF A MINING COMPANY.

THE M,RIPosA LAND AND MINING COMPANY En-
JOINED FROM DrsPOsING OF lis PROPERTY
SUIT OF EUGENE KELLY.
The name of the MaripOsa Land and MINING
Company has again come up IN the courts this uuo J"
ne connection. Martin e Snitn, counsel Tor EuKeno
Kelly banker, appeared yesterday beIor judge Moan
Davis In Chambers OF the Supreme Court ana ODed'heu
an injunction against the Company. the following names
being on the list OF defendants Mark Br"ma-
GUN. Chauncey Vibbard. c. Basnbridge smith, motifs
II. Smith. Francis b. Wallace, jacob H. Brum'sm'
John w. Brumagim. Berj anna N. StilNel, and PatrcK
W. Derham. Tie officers Of the Company are MARX
Brumagim, President; Chauncey Vbbard Nce-Presi-
dent; Morris II. Smith. Secretary. and Francis b.
Wallace Treasurer Mr.. Kelly brings his suit as the
holder OF &5OOOOOO and upward OF the preferred ana
common stock OF tue MarpOsa Land aud MINING COM
nuv 70 restrain the defendants ABOVE named from Dis
poslng OF tue property known the Las MAFp0saS
Estate" or Fremont Grant," containing ten square
leag CUES OF land, 10 another company when has Ooeu
organized In California and called the "harpo'a LIhu
and Mining Company OF California" Mr. Kelly alleges
on Information and belief that the defendants have pro-
cured resolutions be passed by the Board OF Directors
authorizing sale and conveyance to the California
Compauv Of the wh0e-Yth some ncOnslder1b,e reSer-
walton - Of the MaripOsa estate. the reservdtou-,
being made 10 give TO tIe transaction tho .e'pldnce OF
Legality md tlat thereby the stock that nc (Reir B3ds
VIII he rendered worthless THe peAdnss st4te .h1V e
holds the stock uy for an Indebtedness VI au0Ht
$50 co., money loaned the Company and he charges
ta il L. the design Of the Defendants to deprive me
C1mpauv " the greater part Of IT, property making
the stock worthless. IIe also appreheuds ina, II ne
should stock " the California organization IN
cXchauc. his present stock under tho Laws OF Cd!
fOrua that stock might be assessed for pref nde w'rK
capital such manner ds 70 render II Practically
worthless q security.
On the application Yesterday an aif1avit was pre-
hcutcd Court showing that the defendant lwe
who IA attorney - law, mad devised tHls pan IN
render Mr. Krllys stock prlctlcIly "0rtEl"s1
aud me inuucOn which Judge ID wis granted ~ epc-
cdy directed against him. II "a rctlrnhhe on inc In
INST, aud euions the dce sants from parting WIN any
Of the property assets ~ the Company. ana
from permitting the photographic stones OF rue New
YORK CoMpaHy To be altered 80 "a 10 psnt
certificates % the company organized I'D Cali
fOruil. THIS includes the Defendant, ID rlan. lively
Ic" contest be- expected on the l4h or tls Aonth
tAIs iiigatiOn. Tie plaintiff urges mat II che de-
vice by the defendants 10 teuder III, STOCK
worthless be s-fn then there - very AIe oe
cury hO ding stock OF TINS character a. culdte-
rtl Tor there uOthuR 90 prevent the manager ~ any
company from going lntO another state, organizing
company there and selling ont 10 that company 1T the
properly OF the New YORK Company, and thereby ren
drlIn- las stock utterly worthless.