National Republican., 1875-12-01
wAsH1Harox nAaxrr COMPANY.
An Injunction, Account and the Appeintmsn
Of q Recelyer Applied For.


Yesterday, George n. Oyster, ESQ.,, through his
attorneys, Messrs. Merrick and Elliott, filed bill
In equity against the Washington Market Com
pany and Messrs. Emery, Chandler, Ordway,
Connolly, Smoot, Kilbourn, Ooyle, Ciink. Tinker,
Ella, Smith and Kelley, the directors, for On In
junction, account and appointment OF receiver,
&c. The bill sets forth that under the act Of
Congress of May 20, 1870, the defendant Is q body
polite and corporate, and claims under said act
to have organized and to exercise all the rights,
privileges and authority conferred thereby. Also,
oo0 shares Of $50 each, all OF which have been
issued; and complainant charges. on information
S snd So Is
ant became q stockholder by purchasing and pay
ing for lol shares and he is entitled to all the
which is the securing Of wise, judicious and care
full management Of the affairs OF the company by
its directors and officers, SO that the revenues
liquidation Of its indebtedness and the payments
OF dividends to the stockholders.
eonserIea IL excsedinaS vs1ahs sns nv rsason
Of acts OF misconduct on the part Of the company
the franchise has greatly deprecated in value,
and repeal, whereby his interest therein would
be destroyed and rendered valueleEs. And he
charges that they have wholly failed, neglected
and refused to perform the duty imposed on them
in constructing the market buildings according
10 the plan and specifications made part Of the
neglected and refused to erect large-siEed stalls
thus lesseHfng the revenues, depreciating the
value OF stock, and fnicting positive loss; In not
for supporting the poor Of Washington, and
thereby involving the company In useless and ex-
gsnsiSs tgstop IN Rs5mtsing one Preston
company in place Of q treasurer under bond; In
assuming to sell the stalls and stands for the term
is72, June lsi4, and June, is75 which he charges
was IN violation OF the trust reposed in them, in
violation Of the act OF Congress and in disregard
har ruht aaff fha afrAk hnIH onAf ~
their power In April, 1s72, enormously as
suming to establish q schedule Of rents in q
manner other than that provided BY law, BY
which they involved the company in vexatious
and expensive law suits; that in disregard OF
their duty they entered into an unlawful agree
ment with the late Governor and Board Of Pub-
lie Works, wherebys large and valuable tract of
land granted for the purposes Of public market
was wholly sbandoned and surrendered, thus de-
this misconduct the company has been involved
in large eindebtedness-s20D, 600 or upwards-which
y yiscsan ,hn ~ bS
the creditors, and according 70 his information
and belief the company has no means to pay its
iDgs which are not sufficient to pay of the In
debtedness. And he also charges that with in
tent to avoid inquiry into the affairs Of the COM
pany, and to impose upon Congress- the stock
holders and the public. they are expending a
large sum Of money-s30 600, or thereabouJs-on
noe,nere rne eecom iron hnpdg III gaoes On tne
useless ornamentation, and the money for
the came has been or Will be borrowed
to pay for the same; but the exact amount he
cannot ascertain, because the officers have re-
fused to allow him to inspect the beoks He also
charges that they have neglected and refused to
pay certain taxes and assessments levied on the
property, which assessments carry heavy interest
ana constitute lien on the property, rendering
the property liable to sale. Also, that by their
mismanagement and abuses Of trust they have
involved the corporation in large indebtedness,
and In o multitude OF law. suits with dealers and
have failed to collect reasonable and proper
rental Of the stalls but by reason Of the abuses,
they have been unable to collect even small
percentage of the amount claimed, and have
wasted and squsndered the revenues In useless
and expensive litigation. instituted or caused by
the Aforesaid violations Of law and abuses on the
part Of the directors until the company Is unable
to meet its obligations. As complainant Is with
out remedy at law, he prays O discovery and In
junction from erecting the towers, ttc.: that an
and receiver be appointed.