The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-07-10
HIRNEss MIXERS IN TROUBLE
The Directors ofa wealthy Company In New
ark Qunrreiiinx.

Tho Peters & Calhoun saddlery and har-
ness mandatory. at Broad and Green streets
Newark. is in serious trouble. The company
was incorporated several years ago. and is n
wealthy institution. employing a largo number
OF mon. Mr.. George Peters was formerly sole
owner. and has been its President since it was
Incorporated. The directors recently elected
Mr. Adrian lIagaman Of New York President
Mr. Peters held that the election Of directors
two weeks ago was Illegal. and he refused to
give up his position 90 Mr.. Hagaman The lat
ter ana the new directors began II suit against
Mr. Peters last week.
Constable King and Mr.. Peters and his sons
entered the business Office of the factory and
took possession Of the effects yesterday Mr.
Haeaman. who has been at the Office since his
election. entered soon aftcrward. One Of Mr.
Pctcrs's sons. fearing that the now directors
would aticmlt to Glet his iathcr. called in two
lnhc9mcn. Mr. I. w. Leonard. counsel Tor
Mr. llagaman. explained the case to Chief
Mills. and the latter withdrew the policemen
MIR. Haguman and Mr.. Peters remained in the
Ofl'c the remainder OF the day. but all work
was suspended 1t is asserted hy Mr. Pctrrs's
irlrnis that Mr.. Calhoun has been working 10
OuSt Mr. Pstrrs.
Mr. Charles Bocherlnc. counsel for Mr..
Peters. saNs that somc Of the sio 'kholdcrs met
In juno and adjourned for "a wcnk. MIR. p,tars
was indu 'cd IN the mean time. 10y Mr. Calhoun
70 give MN prrSonhl advantage. ON the ground
mat 1t would tthc company. subsequently
NNlnpun attempted tO uu~f Mr.. Peters from his
position As President. Mr. Bo-hornng saws
thut Mr.. Peters iHs never surroud"roithe prop
cfiy. an that there uus httn NJ gul rle tiuil (:
therefore hy holds all the Property against Mr.
Calhoun IN Newark and Nrw Aork for the BEN
cit ol tho company. For THIS reason hrtook
posses ioRoi the company : store at so Broad
way. y ~ NOrk y, ,strrduy.
MI. LEONARD. counsel lur Mr.. Hncnman. and
some G" the dir"ctors assert that the election Of
directors WIS legal. nS WAS the election of Mr.
lilgauan us President. lie says that MIR
/ t,rs arqulsscHd in the election. until % suit
Tor s-noll WAS inst tuted against him li~t week
IA having drawn that amount from tAe COM
pnny. ne was given notice of the suit on Sntur-
dhy. lie had previously introduced Mr.. IIaga-
man - the banks. and had acted as though sat
lsii"d " tn the now regime.
the directors Will meet tis morning and on
d"avor 10 settle the trouble 1t IS believed that
+. y Leonard said last night that Calhoun
put 100000 into the Peters y. Calhoun Com
pany four years ago. Mr. Peters Iut his
Two sons INTO thc Office ,ihen drew :l2ooO
out Of ihocompnny funds two years ago. Civ
ins his own notes as security. He never took
up ihr nuts. Two weeks ago Calhoun had
three y ~ York men elected directors. and they
ELECTED Mr.. II a-aman President.
r. Frt"rss counsel claims That the law of
l>43. under which tn" company WIS orgunizett
provides that the majority Of stool fkhuldcr- IN a
,orpulhtiun must ue residents of New rr~rv.
/. W. Leonard and John W. Taylor have pre-
pared legal opinions to show that the at of
1919 has been repealed. and the company is at
lng under tn. law of 1874. which docs not con-
tam "a uon-re-l ld"nt clause. They VIII make
application To- the Nicv-t nan nellor this morning
Tor an order 10 dlspOSSrSS Peters on the plea
hngnmnn, Peters. and four con-ilhlcs re-
manned ~ the IA tory last n.Eht wat hing each
nthcr The company has several factories.
IAc Now ors OH - in the possession Of the
Calhoun