The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-01-23
Excitement over the Amlr, or H.
BonnelI d "a. nraRI

phhcl q NUs
YOUNGSTOWN, January 92.-Ths ritz,
overwhelmed with excitement in . ,'S
quence Of disagreement among tbos.s
holders Of Brown, Bonnell 4 Co y F,'''
sort OF rumor is flying, and it is aImo,, \,
possible to obtain reliable inform,sas
The Register and Tribune to.nivbt i. ,a,s
sible for the following statement. ,E n Y
case in dispute: '''s''' Vi 'As
To-day the stockholders of Brown H.,
nell \ 20. were to have had tLcir sn naa
meeting for the election OF lirecto,. I s.J.
ensuing year, but the court lo. I'V ~; "
granted restraining order cnioinip" ~" n
meeting against the contemplated a,,t,
until 10 o'clock tomorrow. Some mSSG
ago Richard Brown sold ali his s ,''CEV /
the company OF Brown, BonneIl 4 "a r. y
his brother, Joseph II. Brown W. " y
chicago, which fact was duly chronidsI
IN the Register and Tribune. II WINS ', sS
pected ut the time that some change Am
management was intended The liS.
ence between the stockholders aroso on,J
the starting Of the new Chicago hoNssJ
Hale, Cleveland & Bonnell. brown I'm.
nell d GO. had made Il contract, Il ,prm,
with this house to give It the excIuST'
right to sell the product Of the mil, n
Chicago, and John B. Ayers SONS W6os.
ruling spirit is Herbert Aver, obirctejS
this arrangement, us they were rinnip,,
commission house and desired some oiil.
product OF the mill. The Ayers al oro
set themselves at work 10 deieatthp woI.
lngs OF this contract, and Mr.. lle,l4r
Aver with Joseph IL. Brown, bought H.
stock OF Richard Brown and moSt If ,Sg
Of Thomas Brown. Very recently Jo,eSS
f.. Brown sold his interest to the Aytn
The Ayers thus supposed thcmscIyc, 10
have a controlling interest in the co,n,,.
ny. a meeting OF directors wa, LeN
several months ago, in which The
contract with the new Chicago hOu,s
was not only annulled but u resolution
was adopted making the house Of John B
Ayers Sons, the Chicago agents for M
sale OF the iron Of the Youngstown mill
SO the matter rested, the mill continuing
under Its present very able management
until the stockholders Of the mcetins,o-iiv
arrived: When the Aver party got he'ie
1t was found that their sailing was nj 8,
smooth as they anticipated. There ver
shares OF the nomial value Of Sl2i, 900 heI
by Hale, OF Chicago, rs collateral securi,y
on note given by Joseph IL, Brown, sal
there was a number OF other shares but
up as collateral for loans from the banks d
this city, and on these shares so held l.
collateral the hOlGers claim the right 10
vote, and this would give the majority De
cldedly TO the Youngstown interest in th
election. Legal opinion had bCea obtain
ed from Judge Hitchcock and I. f, Hutch
ms, which asserted us law the Eigh q
holders OF collateral to vote the sharrsd
stock they hold; and the Aver party thus
clrcumvented, appealed to the courts ia
q restraining ordor, MS above stated, which
was granted at 9 O'Clock this morning, and
much interest attaches TO the litigation
pending and the conclusion which tb9
court will reach.
, 4tVuShk 10 DC Stated that the Clll.1N
house OF Hale, Cleveland 4 lionnc,I W.
only started after John h. Aver & Sous
had informed Brown, BonnclI K Co. tha
they could get all the iron .hey wanted
from the Brown Mill at Chicago, and woul
not handle any Of theirs. Brown, nOnutl
y 70. ielt the necessity OF havinga Chicar
house TO handle their iron, and the hous
Of Hale, Cleveland & Bonncll was statE
rs before stated.
Inc announcement That there was va
among tho stockholders OF this popalT
company creates the greatest cxcitemeEt
wherever It Is made known, and Of coane
. large and interested crowd is atlraCtedp
me Court House to hear the casC argued
me case now pending in Court vi
brought by Joseph IL. Brown. Herbert c,
Aver and Henry |. Higgins, against liel
W; Hale and Brown, lIonnell 4 Co.
LATER:-ThO hearing OF the case Of tie
Brown, H0nncll & Co.'S Stockholders vas
ms evening postponed until tomorrow,