New-York tribune., 1875-11-30
MISSOURI PACIFIC COMPLICATIONS.

the Exchange could not subscribe, tne nempers "oo
individually.
MISSOURI PACIFIC COMPLICATIONS.
suAREuoIpERs ASKING FOR AN ACCOUNTING AND
AN INJUNCTION-CHARGEs OF IRREGULARITIES.
N A. Cowdrey of this city, and others, who
aege they of 0000 shares OF stock
in the Missouri Pacific Railroad Company have recently
filed hill in equity the United States Circuit Court OF
the Eastern District Of Missouri against the Atlantic and
Pacific Railroad Company, the Missouri Pacific Railroad
Company, and Mcssrs. Andrew Pierce. L. l. Buckley,
Joseph seligman, Il. Colgate c. X. Garrison Edwin
d. Morgan and others, officers and directors IN thc sau
companies The compalnants aegc among other things,
that they have 10 believe that the Sl,3ooOoo
income bonds, issued the 1st Of September, 1872 as
also the 1000 900 so-csed improvement bonds is
sued the 18th of December 1S74, were issued by the
Board OF Directors OF the Atlantic and Pacific Railroad,
not for the purposes Use OF the Missouri racine
Railroad, for the payment OF its debts, but
purpose Of paying and securing the debts o! the
Atlantic and Pacific Railroad, Andrew Pierce, Joseph
Segman, and their associates That the same was so
done fraud of the rights OF tho stockholders OF said
Pacific Railroad" They further allege the fact to he
that the said income and s0-called improvement
bonds issued by consent of the Board Of Directors
Of the Missouri Pacific Railroad Company, William
Coffin Andrew Pierce, and their associates, and that
the Board o Directors Of said two companies, wholly
dsregardng their duties in the premises, fraudulenty
combined and confederaed together or the purpose OF
ncumbering, conveying. and msappropra:inS the
property of the said Pacific Railroad Company all which
against equity and good conscience" TIE compianans
declare that the present Directors OF the soi Pacc
Railroad have only nominal interest in the stock. aud
that their management Of its affairs is and has been to
the great prejudice and damage Of the interests Of the
stockholders; that majority o. said directors nave
combined and are combining and conSpiring with
said Pierce Segman and others against the interest of
all stockholders and in aid Of the holders Of the third
i'll. fY1llsp lt
creating fraudulent Indebtedness o the road equal in
amount to the full face OF bonds. and under said
fraudulent mortgage 70 sell the road at great sacrlhce
The cOmpainants also aege that bonds were ante
lated purpose Of having the coupons for interest
thereon become due and payable AZ earlier day. ana
thereby the fraudulent purpose and intent
OF Andrew Pierce and associates 10 make sale under the
ii mort gage for Of interest the bonds
The compainants pray that accounting may be had
between the two companies for the purpose of detcl-
ing the rights several parties and also ask for an
Injunction restraining al parties now holding any OF the
bonds referred to from dsposng u them They also ask
that the defendants may he specially intorrOsatcd to
state specifically the precise consideration Of each mort
gage stated, and the precise source from which all
moneys paid as dividends were derived
At a meeting OF the Missouri Pacific stockhold-
ers about two weeks ago resolutions were
adopted demanding the resignation OF The
present directors. These resolutions elicted
rcrly denying all charges Of fraud neglect or iucon
retency; claiming that The ind, btednes5 incurred was
for the preservation Of tine road and that to resign under
charges would ue virtual admission OF the uuh OF he
charges against them 10 this letter the Committee oi
stockholders have replied, making the following state
ments, with others:
VI, simply remind ven and your associates that you
are our agents, and aic acun% rs managers of our
property You seem to cndcyor 70 justly }oui>o N"',
stock wa, voted down; bur gentleman. Gen Clinton
y. Fisk came TO the meeting PiDht hla S'Ca ~ WI ~