The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-18
JAY GOULD 4 co. ENJOlNED.
THE Conspiracy TO RrIN THE Pa
CIFIC MiIL COMPANY.


Court why The Conspirators wish o OVcr-
throw the Pacific Wall STEAMSHIP Iire.
An injunction was granted yesterday by
Judge spsir, restraining jay Gould ond Sidney
Dillon from any effort to dissolve tn, Pacific
Mail Steamship Comuany, from compromising
certain suits, and from creating any lien or
mortgage upon the companys prop riy. Tn the
papers presented to judge Spcir, Sir. Rufus
Hatch says that notwithstanding the construc-
tiOu of the Union Pacific Railroad, tho Pacific
Moil Steam hip Company continues to do pay
ing business, aud tina. utter tho novelty Of r-n-
road travelling across the continent had become
worn on, the Pacific Mails business RAPIDLY re-
gained its former Importance and prontableness.
especially IN seasons in which there Is Danger Of
interruption to land travel, by reason OF snow
drifts. Mr.. Ilatchs papers add that for many
years there has been In existence certain agree
ncn,s between the Pacific Mail Com any and
tho Panama Railroad Company, and that only
by such arrangements, and by refraiuing from
provoking the hostility ofthe Panama Company,
can the Pacinc Mail maintain its profitable busi-
ness.
About the 1st Of Janulry 1874. Mr. TIatch's
paper continues. jay Gould ami Others entered
INTO conspiracy TO purchase untrOllirg IN
terest In the stock Of the Union Pacific ka-
road, then selling low, 50 a. atterwar1, 10y divers
cont @ont.ivancss, man,puiati9ns ana lsiSe state
until ~ became at or near par, with the inten-
tion OF selling our, and inducing the punlic 10
purcna,e' and IA pursuance II THIS scheme
g 'uld bought himself and caused his confei-
crates TO buy large amounts of union Pacific
stock. hut he was not succcs-ful In c1tryiug
the price up to par aud hins II and friends still
own large amounts Of the stock. II" AMI Dillon
/ ccnanircd together to destroy the Pacific Ninil
steamship Company. "a tho end aud with the
| view of destroying tus q IS, SO thlt tn Union
Pacific Railroad might have all tie business Il
| carving freight and passengers from the At
| laniic states to tnoso on tho Pacihc slope.
They caused false CHARGES 60 oe made
,nd had faisc ana malicious articles pub-
| lished Ia some newspapers bout Pacific Mall,
and caused invcsur itiUns to be made, all To de-
| press tho pTicc oi It's Stock IN orler thht thcy
| might pulcha.c a controlling interest Thus
| they cnt tho price down 80. Then they bought
! M stock, and we're enabled to elect sucn men
| Rs tney named To he trustees, iucluIing them
selves. m May. le.5. aud have been N control
| ever since, though they long tgo parted with
their Tecuhiary interest with tho c1mpM y
| Gould was then. and - still, lar-ey lutere.ted
In tho Union Pa,ihc II itoad, out he let ms
| only enough Pacific Mail stock to qualify him
| n director " the comp ny. ON ne contrary,
| he has been largely short Of Pacinc Mail stock
for several months past, and hi private interest
| Is TO dcpress and DESTROY the value u the stock
| The same Is alleged to be true OF Dillon, VINO Is
! President of the Union Pacific Railroad.
Dillon and Gould control a IA ijority "f the p:
cihc Mai Director-, who do a. th.y request and
the directors, excluding other directors, Include
ins Mr. Hatch. from paucinAiion, aud car
| hv.laNs. They hold meetings uf directors IN
Gould's private house. "a the nion Pacific kall
street. ana In hotels. without givinl notice 10
| ali tue directors, pirticuiarly ciniltins Mr.
| Hatch. all "wi,h intent to 90 divers unidw fu
| &C : IN ursuance uf their scheme and comuina-
stock.
Mr Hatch, who las been for three years
| director OF Pacific Mail, saws tnat nc has been
| excluded from participation IN the manage
| meut Of the comp ny, has been refused access
| % Its books. Lnd refused permission to examine
| IT'S tr lusfer uooks. lie further says that DIilon
ana Gould frauGulently created mortgage OF
| 100000 uuOn the property OF the company,
VAich they hyI othccaied for loan OF ufty
| ttet-nse that IL wa. Necessary To- Tase money to
| pay tie donis of the corporation. It's dtbss at
| the time did not * 'eed glOIOOI0, aud the mont
gage was fraudm nty made with the iutout (
ma To- make H. insolyent and II. stock ynit,.,rs. =.
aud tnSt notwithstanding tho necessity fur tho
| p,nn r,u KilronI G0ulu and Dillon IA e min
| utucr of thtir conspiracy To- drprcss fariuc
| Nan stock, quMfelcd win the Panama Rail-
| road tou4pan,. ana refused 70 be bound by tntir
| agreements with the company, ana that cnce
| tie lttiDr us lyen puonc notice tuat IL wall not
| crr, the tt.i:nt and Passengers taken tp ne
| lstumus of Panama cx ett upon tue or mary
! terms, which wIli ir.ye little profit to the p
| ohc A,ail Company fion ire business.
Ihc suit tnsututrd IN lnst by the Pacific Mail
| Company against tue mon Pacific Railroad
| Conn ny fOf S3D Dl,WO might hnve been ticd long
ago, hAd not Dulon-Mr. lidtch avers-bcing
President OF both rorporatiohs, prevented ana
| gwen orders to the rcsNtCtiNe attorneys TO send
| ihc So - % referee, TO the eni th-t some un-
| lawful arrangement might be inaus 70 the Hd-
| vantage Of the 1 mon Pacific road. In the Pa
| enc Mail suit M inst Irwin for IL coo Dillon
| has given like orders as To Cfirc, comLrl -
| mise, or 10 nave II determined colusiyely To the
| great Ceiriment OF facinc Mail. Furthermore.
| jay Gould & Go. have pu, poSelS refused to uer-
| mt tue payment, winch might have been made,
of the e nm ny debts, including about S2U,WN
| duo tho city for tax = the intention brinE that
| the next steamer that arrives here shall he
| stix d. and ina. tho company snail be iufther
! ciIupicd or CrYen into bankruptcy.
Dilon ANA Gpuld ATE accused 81 intending to
| AMY to the u.fcme Court Tor q dlssuiutI n Of
the coniplny ~ Ia" "ppoi tnent oil ai.ortNer.
| Judge Spcu's order requires DAY Gould 4 Go. to
| rlOW Ou MUnu. ~ lex VIII th"N suputl not toe
! restrained from taking uib step, looking toward
tne dissolution Ui tue Pdcinc Aaii steamship
|