, 1879-08-01
THE COURTS.
Judge Williams Decision in the
National Stock.Yards Case.
Tic Comptninant's Hands Are Not Clean
and un Equity Court VIII Not
Help Him.

|
Some Of Ills Stock Used to Influenza
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| NATIONAL STOCK-TARDS.
| DECISION nr JUDGE wttLlAMs.
Judge Williams yesterday afternoon rnve a
ycry lengthy opinion In the case Of c. II. To-Day
rs. Charles II. Robinson and Others. According
to the bit The Legislature Of New Jortey Ia
| Mhrch, 1869, granted a certificate Of fncospors.
ttoM to the National Stock.Yards Company. The
business Of this COMPANY vns chiefly the main.
tenanco Of yard and bu,ldipg at Weehar ken,
New Jersey, for the keeping aud accommodation
| Of livestock, It was authorized to borrow not
over $1,000, 600, and issuc bonds therefor, to
lnrnish means to set II going. Tie yards wcrc
owned by the Eric railroad. or Jay
Gould, its President, OF Jnmes Flax,
Jr., lis Vice.Prcstdeut, but were
conveyed to the stock-Yarls Company to carry
on Its business, and the latter agreed to use Its
Influence In having stock shippcd over the Eric
Road In order to accomplish this large portion
Of the stock vas riyep to Influential ehtpners IN
nrt1.r tn .oc,rn ,her inau,rta r, II T,ho,
s ~ ..S ~ .,ss..s4 n .a.o,"as noo -. 4'Da,,
~, .no eooipsns"1' -eec'Sa 1,"oo sna'es' anu
Charles Robinson, John b. Sherman, and MIL
ton Tabor like amount each. Iu February or
March, 1871, Robinson uud Bherman told COM
n1.;rnnt ttoro ,x.ro ,,r, -. ,hr.. a,h.s ...is.
pa"s .'.!o wv W. VI .s..' oalef oas1,cs
av c 10 tsts s a shaIs. o
from tletr Certificates, ] nace the f"oa @ AT ~ so
.ha.c. snra at - uno tnI an1 ~ er ooV
good. Complainant agreed, and surrendered
his certificate Ia order to have q new one for
only 500 shares Issued TO hin, Tlle defontlants.
howeyer. having gotten nos,ea,ton AZ bts stoc,.
~" w. A~,t sus.su posoea'oa ~ n's spoc3,
1eiaaeu to give u oaek' as WA c'atmcd' and
Robinson has used 1t In helping him keep his
position as rrcsident of tho 9tock- I ards Com
pany nt tho neat salary of &c. 600 yoor. Com.
rafnout cho rco, lint ,hs .u,ron,o. ~ ". sta.,x
p'a1"aut eou. .t'ns s"o aa''ouast VI "'s hloek
was procured bJ lalse representations, and asked
fnr deeree compelling the defendants to re.
deliver IL 10 him.
.rho 1nt,o. s,tt1 I, ,,,,.a,,,,, A.. n..u 49,. IT,
s o"ose o"'", ~ ue.'u's sre eaae' tnat the
teStlihohy sno"eu tnat the Efio hoau has-
Ing previous to the year 1870 cs-
tablistcd etock.yards at Wcchawk-
on, and certain differences havln,,
nr,.o, ro,,v.., r.,,t,, a NIL ~ ~. az.
a'',en nst"sen uos''a a'ia r'sA ou lho one sac
au oesaa At!eston anu otaefs representlnE thc
~ ~0lAp%1.J W VtsHAtr ~ F4b ulAt~
" agreed to rcurganlze Tue Stock ards Com
pan$. AleTton ul'i MS associates then rottFedt
lhe Coulpan' "as reolGahlzca3 q supplemental
nst OF its2Lnoratloh ny was 9btalncd, al't new
noatu OF l)ifeetofs elected. dould then sold to
ts Go!i.oany ta ~ cestan property ios sntoUo2 9l
WHICH @o-luuO Wts 70 pe pata 10 Ihe Eo.npanSs
bonds a1Itl sfsO,o ,o1o by assuming m extra mort
taee. az "stanEe'nehk Has also maue lor tho
as i,s,,o "a"1Gu, ~ n, any, 'he Conpaay uler
@ 'ss.tga 1o'ou1 saa3es o1 stoeR, ot the
nolninal Va.ue o. SioJ 2 sbarc.
% ~ so aane .1Ho te a!so' ts1o hfS soad aerecd TO
aaFaue0 oluu,ooo 20 tnc etocH" afus Gomoany
:" IN pEova iss Erounns, and to take Tug latters
,Ss3! no!1os "a pntheht, ~ LUG 3ist VI FceruaFy,
isiot = Was 'otca TO issau l,oo1 bhnres u stuck
70 ison'som, ao9es' anefInan, aiM iapoF' ra;
Was 70 " paiu tor IN patronage. Iooey was at
Il9t titne one o. she heaviest shlppcEs oger thc
Etlo hoau aiu g. oae tln'e sal,opea nearly one-
.n'ia ol ~ sse a'9o snsk eare,sa uy ha roau
leeal ana Va'ao eopslaefatl9n ios the STOCK. hc
aounuant!y paiu iot II. III iaes, wl'at lc gave
~ % uatrnnAto h na MI" = anhnngo vas "arta iar m9rs
Lnan Me eHcr FseSHsa tor ,o ins d1s ttoek, lor
tnolitEn tle regeayca b!oVoov ol stogk, yet II Was
unsa!nole hho y'ciuea Htt'v or no lhcoA1o. lIlG
sap.al stotH ~ =. LIE ~ ~ atas Io.npauy OILY
rap.esente9 w ~ va!uo .. ma property aitsr tne
pasMeitt " ~ aetlout"ttccs. A..u - tl'e uepta
eoua'ea IT, va!ue OIL ule ptopefty' tae Stuck Ct
most nau out prospective va'ue. Il, therefore,
tne transsGtlon III Nucstlon aau pech ono bc-
lmeen t"o iaaiv!aunis aclans 10 iete own capae
~, WIN ~ ira1nutsnt REPRESENTATIONS, IL eould
No.. pe set asus oesauso u waht ol cons!uera.
tlon ISSUING from looey, ~ suel1 case Iobcy
would iavo oeen 1He principal sufferer, ailu tt'e
beFsoh Receiving MS services would nave peen
ny sr.'a Ea'ner. ,...u .,, ~. 1a,
4Ae AIFanaeHlehtn oeLWeen Tue Erie hoau,
repfcsentca Nv don!u nl3u FISK, nn1 th9 stock.
naras Conlpany, roprcBeatco bY It's boaFd OF
directors, "Gfe MI parts q onG TRANSACTION per-
l1EHEu Ill FEuFuaET. lS{t. lnl3 A0ElSuru Tile
tss1lc M AZ and saic ol tho stock, the loan OF the
$l0o,oN, tle tWcutY ycars' !eaae. and tl'e con-
ynYanee OF NJ property to ulc stock f4rds
company. Althoo2h the latter anu INC Er!c
law they were entirely dtatlnct entltics. When
thc aee1s Wefe efueuteu a1la delivered and tho
bonds EiVen baek' tiie road ceased To own tic
| property aha ,ahe STOCK lafas Compauv became
lis deDtof' me tuA!!on ot capita! atocK did
not belong to- tAo Erie Koad, nor had 1t,
except as " ten shares, my IntcEest In the same.