National Republican., 1877-03-03
AN EYE TO NUMBER ONE.
nov cor. GEO. n. COREHTLL NAV
AGED THE CHRONICLE.

why the Stock Did Not Pay and tho EN-.
ploycS Could Get no Wagcs-Tho Paper
Pays For His Stock at the Company's Ex-
peDse.
Sometime previous TO the subsiding of the
ChroRicie, numerous suits found their way into
the CLERKS office, and were filed against this pub.
fishing COmpapy. Some weTc for wages or rent,
and others for material furnished to run the con.
cern. Many OF these cnscs mover came to trial,
and number OF them woro permitted to go by
default, the plaintiffs obtaining judgments. Tho
rumor hoatcd about the city that this corporation
was weakened, exceedingly unsteady on Its legs,
and liable to go through at any time. 1t was
also currently reported at the time, that Of all
the employees engaged about and on the paper
bat few received any remuneration for their scr
vices out Of the funds that did come in, and of
this few, Colonel Corkhill, President OF the Com
pany,
GOT THE LIONS SHARE or THE MONEY.
That he raised his salary to Il very handsome
figure, without consulting the other stockholders,
and possessed himself OF an increased number Of
shares In a very dubious IL not dishonest manner
Some Of the facts Of these stories are now appear
ing in their true colors, and do not show the
President Of the Chronicle Publishing Company
up in q very cnyiable light.
James F. Jacques, who owned scventy.hve
| shares OF stock, has nlod q bill In equity, first
asking tho granting Of an injunction pending the
hearing OF the cause, and then that receiver
may be appointed for the company, the claims OF
the creditors satisfied, and II there should be sur.
| plus remaining that II may be lawfully disposed
| Of among the stockholders. After recitnI the
| fact OF his residence here, and the Issuing Of
mortgages on the machinery and appurtenances
Of the company to certain Of the stockholders,
| WITHOUT MS KNowLEDeR on CONSENT,
| he speaks OF the announcement offering to sell
out the entire concern, and denies that Col.
Corkhill was ever delegated with such power.
He then dresses that immaculate gentleman up
| in the following style, which must be refreshing
| to a man Of his sensitive nature. Mr., Jacques
| says that he believes that Col George Il. Cork.
hill. while President of the Chronicle Publishing
Company, subordinated the interest Of the corpO.
ration to his own personal advantage; that he
| purchased stock for himseltb issuing In payment
thereof due bill or due bills ofthe company pay
able in advertising at the regular ratet, SO that
the effect of the transac ion was that the company
| paid In advertising tor the stock purchased by
| COrkhill Tor his own benedt and in his own name;
| and Of the advertising Corkhill had one.third
| charged to his account. lie further charges that
| Col. COrkhlll made collection of sums Oi money
due the company, although never empowered to
do SO ms president, and disposed OF portion Of
| the proceeds for purposes advantageous to him
self In one Instance hc a. ased his salary from
| $50 to $40 per week for services on the paper,
| The bill goes to reclte further grievances, in
the unjust disposng of the property for the bene-
| nj OF u lew to the injury OF many, and asks the
| court to grant the relief prayed for.