The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-01-21
HATCH SAYS HALT!
ASUDDEG sIOP PUT TO TIE TELE.
GRAPH CONSOLIDATION
by an IPJuneiiOn Granted 10 RuI~S HaIeh
~ the New York Supreme Court
Abe PlainIiE Being q SIOeE.
holder Wants to Know,
YOu Know.

NEw YORE, January 2O.-Rsius Hate
has begun suit In the Supreme Cour
against the Western Union, Atlantic an,
! Pacific aHd American Union Telegraph
Companys to prevent the proposed cor
solicitation. He has obtained an iDjuuC
lion restraining the defendant company
from entering into any agreement Of con
solifaIion, and from increasing their capi
tai stock and other maltrs.
The Tunes says that the plaintiff in lhi
case, Mr. RuiuA Hatch, IL tie owner o
one hundred shares VI the American
UniOn OOmpany's stock, and that the sui
ID In behalf Oi himeeli and oil other stock
holders Of the American Union Oompan,
WIN may come in aud claim the benefit
sought 10 he procured by its means, tha
is, he prevention Of The consolidation o
the three telegraph companies.
Mr. Hatch rays la his complaint, tha,
the American UuiOn Telegraph Oompany
was started 10 oveTcI me the monopnly
which was created v heu the Western U n
lou Telegraph Comp my nbtuinsd contrO
Of the Atlantic and Pacific, and 70 brin.
about q healthy CumpetitinD, which inureI
70 the bent f. Ut the numerical public
DE says that when he became sIockhOld
VI IN the American Uninn he expected tc
N ke large prOd's from the patronage
which be public generally would give h
as u" ad vocaIe Of cheap le' egraphius and
that the American Union haa now. 6y th,
expenditure VI about $1,000 900, pro
CuItd "a complete q system Ol IL eyrapb
lines aud equipment aS that which is DOS
sesst d by the Western Uninn Company
whose capital slsCk OF $40 900 900 reprs
cents the value Of lis liuea snd pouIp
nents with sCapitul oil $4,000 900
Mr.. Hatch says the American Union
ern uuion with its 10000 900 capital,
and that the dividends Oi the Americi II
Union would therefore be four times
M large as those Oi the Western UuiOn,
He alleges that combination OF
conspiracy has been entered into between
the directors ol bis company and OF the
other companies, for the purpose Of their
own gain and mnlument, and not for the
reDttlG 0f fthe Stockholders OF those com.
panies, 10 consolidate all the lines and
companies, and re erect mon,
opoly In The Telegraph business ID
he Uoiied States. For that purpose he
says thee directors propose 10 issue at
additional capital Of $40 900 OOO, IN he ad
dtd to the existing capital Ui 10000 ,OO(
OF the Western Uninn Telegraph Com
pany, which $40 OOO 600 additional capita
ls TO be diauibu'ed IN shares without any
cash being paid In n tam for such share
The additional capital Of $40 OOO 900 b.
says ia IN represent materials that cos
only $40 000 900
Mr.. Hatch alleges that this is contrary
In the interests OF trade and commerce
and Ia against the policy OF the law, and
that the Board OF Directors OF the Ameri.
can Union Company have no power to eel
out that Company. He asks the Court
upon lhese grounds, to intervene and pre-
vent, by an H. juno ion, the threatened ire
Rtable damage 10 him and other stock.
hoIdsls slHbdirg as he does. The affidavit
made by Mr.. HaICh In support Of bis ap.
pliCation Tor the temporary Injunction
which be has obtained, 10 volnminoua
and Itecl es more In detail the ciicum.
s'aDCes related In the complaint. In the
Injunction order there 10 provision di
reCIing the defendant to show cause Ia
lhe Supreme Court Chsmbers on Monday
next why The injunction should not be
continued until differentiation OF the suit
ALBANY, N. Y January 2O.-Tn the As.
eenIbIy to-day, resolution calling for an
investigation concerning the consolidation
oil tue telegraph companles was adopted.
nonnnau ,no,. -. ....