, 1875-01-27
PROCEEDINGS IN COURT.

THE AFP1IECiTiUS tUH Al
Tho complications of tho unfortunate Great
Western Telegraph Company woro still further
increased by tho addition to the records OF au
immense bill Of eghty-hvo pagos tiled by Will
lam NJ. Gregg, q stockholdor, In his OWL behalf,
and for any others who may wish to Join, againnt
tho Company, o, D. Bond, Secretary; Joshua
Stark, President; A. II: Bliss, Superintendent;
s,elall Kceve, David a. Gage, Josiah Snow, D.
Y. AloAlulen, 7. J. Sutherland. A. A. Lathtop,
J. NJ. W. Jones, E. +. Nixon, and Edward Nc
Donald to restrain them from holding an eloc-
Ton yesterday. as proposed.
h1r. Gregg says that he was
ONE OF TIE ontoINAL SUBSCRIBERS,
and took forty shares Of the capital stock. Tho
Company wna organized in Decombos, 1SG7 and
received charter in 1858. Tho whole 1nAIago-
mcnt. according to Gregg, was attempted to be
vested In tho Board Of Directors to the exclusion
OF tho stockholders, and no articles OF associa-
tion woro over printed for their cnliGhtenInent,,
No moettnR Of the stockholders was hold until
January. 1878, but Snow, Gage, and Heovo acted
up to that titne u Directors, undor some ut
known authority. 1ieoxo, one Of tho Directors,
resigned Hoon nfter his election, and
A cnSTnAcr WAS MADE
with him by which tic whole stock was consigned
to him without security to indemnify
him for building. tho ,liuos Of the
was simply to defraud tic ntoclshollers, anl was
III furtheranco OF the dcBign to Gully call for au
or IS ber cent Of tho stock, and tlon refuse to
iHsun any certificates, OH the plea ehae the Com.
panY had not called for 10 per cont, the amount
it WAS sated would 10 called for before any GER
tiflcateB weTo Issued. 4 large amount Of stock
was sold by aubacrptiotl-lists while Reeve. after
tho trnlIs!er OF tito etock, YRS IN tanRdt bulld-
lug telegraph lines. About Sabi' 0ou WAS COL
lectel in i1stnllmcnts on the stock and licoye,
on his return. built a portion OF the proposed
line Snow boiug his partner, aud receiving the
money on subscriptions.
ONLY ONE MEETING
Of the Directors was had prior to Janusry 1879,
and up to Juy, 1872. no exhibit OF tho Conpany's
Affairs Lad beel, made. Glowing bills were how
eyor pubIieAetl sottlnE out the names Of u large
humber pf well-known citizens wllo were said 10
ha iii, eetprs but who, 1t has been asccftaiuej
utterly refused To act Other circulars intimated
that largo portion Of tho l!nos were built, when
| only two. to Milwaukee and liuek IBland had
keen erected.
STILL ANOTHER CInCuLAR,
In 1867, stated that tho earnings TOR tho MilWAu-
kee Division Wer0 u per cent, and III July 1871
| dividend was declared. The capital stock WAS
a. GOO, 900, divided Into 100 600 sateB OF which
! 1l7,891 Hha1es were hold by lleeYe, who Was In
solvent.
Ths bill then sets out In detail tue oonatr1lc-
| ton uf the lines BY loa,e aud tho various coll-
tracts md snb-conttac.s tnao in the progreBa Of
the work, all of which layo been repeatedly pub
| lisileu III connection with the Turwilliger suit,
1t i8 charged tint Reeve receiysd about Sl60, ,00l
for building 4l715 miles OF line, aud tAst be,
owning or controlling nearly all the stock, used
Ills power for
pELuDlNo TILE UNFORTUNATE sTooxHoLpKRs,
In which hs Nas asaisssd by Snow aud Gags,