The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1881-01-18
nae ste.mboat Plight.

The Hunkins partywho are feminist the
Davidson interest in the war in the North.
srn Line Packet. Company, on Saturday
last, made use of one of the boldest legal
m owes on record, among all the moves that
have been made in the business. A state.
ment of ii is quite interesting, and will be
read with attention by all shippers
and steamboatmen. who are con-
cerned in what is going on in this matter.
The Republican says:
Of course the idea of the Hunkins party
has all along been to get even with the
Davidson party as we'll as TO get what the
minority stockholders have called their
legal rights, With view to devising
mears to this end the minority stock
holders met at the Office of the
company Saturday afternoon, and in
accordance with previously ar
ranged programme passed resolution de-
claring that the corporation known as the
| Keokuk Northera iiue PackeG Com say
vas insolvsnt and unable TO pay It's debts,
and made an assignment OF ali the assets
% the company TO Mr.. Charles Green.
This assignment being duly exc
cutcd by President Hunklns and
a msjority of the stockholders
prescn, at the meeting. was al once CARR
ed TO the recorders office and there placed
on racord, at an hour whom all the circuit
courts had sdiiurned fer the day. and
under circumstances which made it i'm
possible fer the Davidson party to utter
pose any objection. Il is true that MIR
Frank johnson aud Capt, Lowery and
another stockho protested against this
action, ms i'll advised. has,y and useless
aud hasad On statements known TO be un'
true;;he actors in scheme paid no attention
20 the protest and carried their plan out
to this letter,
| Tha auti-liuukins party. which owns
over two thirds Of the stock Of the con
papy. and mas put 10 thousand upon thous
and. Of dollars Of it's money Tor the beue
g. of the company, while the contrary
faction has done little or nothing of ths
kind claims that this action Of yesterday
is movement to break up tho comp&n,
before Tho present directory 81 out o
If sc IN The 10 b mat. aad point 10 :he
peculiar circumstances surrounding the
fling ii the aust Es e-ffDG"ra'lve u!
this Vi, =" There wAi ~ 'pen notice Il
ihe en:ire board a u'*t,r OPEN ici
dlscustion; ne maj riiy party were given
1Lo chance to be heard, bur The
| fiuitklDb pA!fN tOStA anu the
h.r party 8 and the pspers went to
the recorders office last Saturday, nigh:
wh-p Sunday must intervene before tn
session Of any court having Jurisdiction In
the premises. II is claimed, TOO. that the
present proceedings is an attempt to deiea
the claims OF the majority stockholders
As is known. Immediately after the APP
po:ntment Of Mr.. ubb as receiver Com
modoce Davidson and aud his friends filed
suit against the company 10 recover sumi
OF money advanced by them for the use
and benefit OF the corporation, they havinG
no confidence in the HuHkins party. Tht
Davidson party elaim very decidedly tha'
the Ksokuk Northern Line Packet com
pany is perfectly solvent and abundantlI
able to pay its debts and carry on it's bust
ness, and they promise little music in th'
arid atmosphere of the courts. Meantime
Mr.. Charles Green is trustee under til,
deed oil trust and nominally in possession
of line of packets. much boat stores anC
supplies and in command of several cap
tains and crews.
!, There is little doubt that all this bitte
warefare will result in more exteusiv,
steamboat facilities than the Upper Miss
lissippi ever saw before