Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-03-17
JHE mILLION DOLLAR SUIT.
Decree In Favor OF RahEs Heirs, Tax
ing the Company with
All Costs.

Decree in Favor OF RANTS Heirs, Tax
ing the Company with
All Costs.
Our readers are familiar with some
Of the facts, at least. in the great Duck
town copper mine suit, which has
been pending since 1874 The suit
was first brought in the chancery
court at Benton, Polk county, by the
Union Consolidated mining company,
at Duektowu, against Capt. J. +.
Rsht, of Cleveland to recover
damages which they are alleged
to have sustained by what was
charged as a grossly fraudulent mis-
management of the company's ff,irs,
while Capt. Raht was agent aud super
intendeut thereof. The cause
was decided by Chance ior c oper,
in favor of Capt. Rsht, ex-
cept question Of cos's, and
upon that was brought up to the
supreme court for final adjudication.
1t was decidedly monster law suit,
perhaps the largest ever broug hit
In this state, and involved over one
million dollars. Hon. Jordan Stok es,
of Lebanon, was appointed by the
Governor special judge in the
case, Judge Cooper being incompe-
tent, having sat as chancellor.
The cause was heard at the regular
term In October last. Hon. John Bax-
ter, VIM. NJ. Baxter, and Hon. John
L. t. Sneed were counsel for the com.
pany, with Col. P. B. Msyfield, and
the Messrs. Gaut, of Cleveland, and
Col. A. s. Colyar, of Nashville, fol
Capt. Raht.
The special term OF the court held
yesterday was called chiefly to hear
the decision in this case, 1t being OF
such mammoth proportions as to rem
der decision at the time impracti-.
cable and impossible. Judge Stokes
rendered the decision, the reading OF
which consumed near two hours. 1t
was an able and thorough legal paper,
going into all the minute details OF the
case, and the allegations of the com
pany were overthrow in every in
stance. We copy In full the decree liz
the case, which will be read witt
interest
Be it remembered that on this, the l6tt
day of March, 1880, this cause came on tC
be finally heard and determined before the
honorable judges of the supreme court Of
| Ten essee, the FL cnorsbe Jordan Stokes
presiding as special appointee in room and
cad of the Hon. W. f. Cooper, who il
incompetent, by reason Of having presided
on the hearing of the cause in the chancery
court; upon the transcript from the
chsncery court at Benton, Polk county,
Tennessee; and the transcript having
been read and argument of coun-
sci heard, the court is of opinion
and So adjudges and DEGREES that there is
no error in the decree of the chancellor,
except as to the judgment for costs; there
fore the court is pleased to adjudge and
decree that the complainant, executor and
executri1, are entitled to recover of the de-
PENDANT company and its sureties on the
repleVin bond, executed in the cause the
Gum of $84, 7ll.6l, with interest thereon
from the 3lst day of October, 1874, as fixed
by resolution Of the defendants board OF
directors, of date the LIST of December,
1874; together with such further sums
as complainants, as executor and
executrix, aforesaid may show themselves
entitled to upon taking and stating an &C.
count between said compiainants and de-
PENDANT upon the plesdings and proof in
the cause; and in taking and stating said
account complainants. will be credited
with allowances made by their testator for
and on behalf of the defendants ard
| charged with all such monies of the de-
PENDANT company as may have come to the
hands of such testator in his lifetime, in
payment OF any part of said advances,
with proper calculations of interest, &C.
cording to the agreement Of the
parties; and in taking said account
| the monthly statements or accounts
as furnished the defendant company by
complsinants' testator, wll be taken as
prima facie correct, and upon the com ing
in of said report the court is of opinion,
and DEGREES, that com lsinants will be en-
titled to decree against the defendant and
John II. Craigmiles, in bis own right and
ment aud Walter Craigmiles, administra-
tors of p. III. Craigmiles, deceased, sure
ties in the replevin bond exec uted by said
defendant company for such amount as
may be shown due compliments by said
report. in addition to said sum of
s84, I'll 81, with interest, and also to en-
forcemont Of the lien as created by the res
olution of the board of directors of the LIST
of December, 1874, for the payment of the
amount 30 found due. Said account will
be taken and stated by the clerk of thii
court, and he will report his action to the
next term of this court.
EAnd the court is of opinion, and ad
! Judges and DEGREES that the defendant com
pany is not entitled 10 any of the relic
sought by its cross bill; and therefor,
that said cross bill be and thu
same is hereby dismissed; and tn
court is of opinion and so DEGREES that th
chancellor erred in adjudging he costs o
the chancery court against the complain
ants, and to that extent said decree is re
versed: and the court adjudges and decree
that defendant company pay all the cost
of this court and the cbancery court; tina
the defendant company and John Baxter
its security for the prosecution of its eros
bill, pay all the costs incident TO said crcs
bill, for which execution may issue; anC
that said defendant and James OConner
its Sc urty for the prosecution of its sui
in this court, pay all the costs of this court
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