New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-18

Company 10 -" u lNCIed u INC i4"
Company TO- the Stockholders OF the Atlantic ana
Pdchc Telegraph COMPANY.
Subsequently agreed that The notion for per
raucnt INJUNCTION slIcu'd be argued .urslay mex.
The CHARGE OF CONSPIRACY.
A HEARING IN ThE SUIT Of W. :. WILLIAMS TO
raEyENr AN INCREASE Oh ST. OF me I'LL
GrAPH COMPtNI ..
The motion of William S. Williams to re-
striiu ~ INJUNCTION tnc Western Umn Telegraph e III
pany and It's directurs fro increasing Ia c"M Si'cA
10 $50 coo 900 cam. Tor argument No,ter ay a. II
oclvch be ore Ci.et-Jui-e Srigwlci IL the ~n''ro:
Court Cll nbrrs RDDrt seV'l la Ia; "'.tn'' O: j lH
Sessions MrWIiiduss attorney present Il the o"n.''i-
au' cl>e to the Court. Hrr'd mi c'ml 'ntvd 'h ia'
comI. int In the acU H. III Wht'1 lt vs. clit<r H"'
the pau.r capital sock OF The jcra ION C""i"'N
had Dern gradually ~ tel u just pror 10 tn a
It uuouhlcd t. Htt.c over OJJ 900; ih3t IN "c o.
dane. win the texans Of tna proposed con-
so.id. IN ire stock OF the COMPANY was
turtl.r 10 Ne ine.cu~"d to $e003'0Oo OF
which topo,c iucrc $4,000 900 Was entirely vi j.
nu! moderation. Nj. StAri ato thi the c"moddI
ant IL. Williams, wou.d principally IL III his sui f.
relief upon this llu H'I lnh lion o. t4e STOCK o 'c
IVES r,n CuOn Goa. larry.
Ex.Inc +, ter apio c far the Wc,'erG Union Conn
pamy on motIo". Tie sad tIat he "itl 70 can thr
attention ri tnc Cour 10 tAr two rt' which wcr aihe
inaie Ia the comp aunt fore tue LII AVIS IL opposition
Of the motion were presented. II claimed mat
cuspitacy ON The par of the directors If the Wesi IN
Union Con Ieuy had b. err tnt'I,dihtO whh some one
the COMPLAINANT Ill D1; know vi wHon bur expected
TO disc0vcr OF SAT- Il at also been cHalS
IN the comp int that he properly and irtrrhls"s Of Inc
AtIauL. and Pacific and A.nenc1n Union Companies III.
bee, bought at pgicc $IOUC1ODO excess OF tL,ir
original cost present Iur, p called attention 10
the ia that this charge was nuic merely M rma
ton and belief and without any prctelce of pCisO'a
knowledge by Mr.. Williams.
TIL. AFFID WITS.
Ceu.. = Soren then followed w..h the reading o.
the affidavit OF Dr.. Norvn Green, the All laws Of
Augustus schc. Llwin d. Morgan. Harrison DI'k' e.
C,rn, ius Va.e.bII scS Taylor, William IL Wander
bill ] i'm VIu Horne. j. Perpont Mo.7tH and others,
the at l,vits of jay Gr1,d Kus,olS'-' dd I"oma> l.
Ecker the puue III tavit of Russell sax, the iii
davlr IF j ;Id II. Iaic and tie ali dvit OF Al *,
Brew r. pr Green 80. -ed that tuc d-iccinrli 81 c'-
s,ll. On was entered iIto or The purp' 81 lutir a.
end /, ;ne rulnons competition tLeu -"rc On b twec
the II e, cGupauic' inc ttrSt Ion "' " G. "E'o" ~
Jiy D,Il RI,,.l SAFE ana InomaS +. L A.!l
to d, p.cSs the stock ~ the re c'mpnhe, in
the J. .iupcr purio,. gcd IN the II MAS also &C.
pndi 81. Tue di cos OF the Wys en- Unon co uruy
dmI ~ 1iow OF nv uc4u;Iati rs u Vos"ddIoH 81
the compauirs PRIOR tpJ .uWuy 9, Lnt EPto tua ia e
behcN 1t bat they ", II n - d'I mo- b'''', "I
wistciu competitions D. even "i ." IA'H al ~
of the complaint" Dr. '., o"n,iluro, mat tIr p
ertv belonging 80 ,''e Nr-tTn t.'ii t"hpL:r c."
De IL ruda,,d IL COS NIX A''di"S - Vo'"'o' - J."
my iuj.tLcld ,nO~i sln,,b rIioHc "a Il "l'd e~ tie
large ignorance upon the part II tir cmpt"A'h' 81
the rct' character am viar Oh ~ pui1 y o. to.n
pIny which be las Itceuty become Il STOCK ."HrI.
lbt lil IT. IL NtH me iHi ia!
Rfi lis of he American III IL tomra y "a nc i"u II"
doubt Inc CT II ts ite> ana pt0p MS SID, a.
italy exceeded TIE sam stated ~ The m' 'i; i"t
the dc H.. value of tie pro ci, rN c4at 10 the
sum .uyded b. IAld ny lac cJn>o!i,t don a-l.c
tru, Of he Al ante auu Ptciuc Company.
TEA, her ai .dNL hy In GIren ~H. rid b * Judge
soho ~ tat'd rcspgc'.v " lard.r' l",ls ani F'1-
}. lesl nave he"n r. al b' "' SO. I' ."is OF
the 80, cave COuJl.I AMI Ccrlntr> % EGcWtI-
SSs M "rnr>r crrlfH-i,, =" il. sat- uie ne-o,l-
IL
acuo. Ho ueI~ r9i,Gle ia am un irr"ul nave
pres,icG Their ccr.l..c Is AID dclh al ",IF ~ ."
The a.uounI a. sJotk If Western Uunn Coal ANY,
aud jh company t'I. ma Other Ii"' demands "l D.
mac az NuiiS br""-h' d" enforce tI' s',n,' .,,.
Ia, hid w ri Ausu> uS Sch'li ana tHr other orc
tors the Western Un1n COMPANY coh'dhet an an,
togei depress tn sock II 81" taTcr G n' ''
aud ,"us 10 gel pos>r,'ih ana con r., n"l .' o.
the siook at reduced rnrrS jay poud' HHsrrh 90
ard .unls T. Desert ~ ILtig :i 'N4tN dec - 10
wert directors OF the "ch!eIh Cl'on Ie..-'' ~ IN
pany uIne entered 10 an. uuidW4. 'r Oi"
cont nation Il into ny che? Of sal ill
seodHiN Ti,n me. i"f 1he "1rPT;o Oh Ur'H'us '
Mr.. SeNcil. When MI soien LaG In s'eh icaung the
sfhdA Wis company read aidavt by uuusr
In wn'ch he declared mai Tue hrSt "nOwicu-e MS
part II tine agreement OF c'nSoidIilon between Wr
Companies was OBJ du.d from the statement 81 counsel
upon argument q the motion bN EItu> Hatch 1" Re
straw he consolld tllPn and That Co. "l me axIte-
Was sub-cqdettN gwen 10 i.W upon Ills promise
that :, should no, be gwen to the prs; 49,, ,,..
All the papers IN tIe CASE were now before tne Court
and v>-Judge Fullerton Of counsel Tor NJ N'i'..nio
askcI tuat the argument be a'uCuru,d until today ts
MED motion On the GROUND that tie m"VinG pdilrr
m ia" sut were khOw al tHrr nGtScipe t. tu
poui selected another rotun OIy IL thcS Adu 50
desired.
THE ARGUMENTS.
NJ, we'll then ope ed Jhc argument for Mr.. Williams
Tie majority Oh the directors aud s,ckGod rs, az said
could not do everything which they desired without any
regard 10 the Legal rights the muoriy Tue fact thai
there were many millions Of capital On
the side OF the proposed initiation the stock of the West
err Union Company, ana only few thousand dollars
in oSusition, could bc VI moment III the consdela
tIou "a a justice the Court could only consider
whether company was not doing an act winch
II Ia no power do. and not whether Mr. Williams
owned Que share 100000 shares Oh stock. JGs,ue
Barrett had upheld III tho tui est manner toe stau OF
q Goa. % datlUn based but lie lad TO. D. ssed uJn
alluded ~ tue fraudulent lhLtiVu OF tho western
Cutou COlupauy's Stock wblca was tue ground
pf he cOlu tSn utS relief IN This acOn The atIdvS
bu eIe met uenla IL any oil thtIn thai the
direS ters of the Western Union Company al
the iuterSle0 IN tie SOCK OI the
AeUlcan Union COMPANY. II they were mus Interested
pireh Invalid. for II WAS principle OF Jaw
thai person cOu not DC AZ o nlo time pur-
cLaSer and seller. II difficult IN these
Ka stock Of corporation" but IL was
That 1t was trust fund Tor the benefit OF iis
and stock aud cOul not be Increased
1900 600 without any consideration by tue III re-
debled tue am $1,000, 900, aud Tue fon Of
the eenpanys stock was fraudulent against the cred
itors.
In regard to tue statement that Sl6ooOOoO Of the
DUNG the last fourteen years Mr. SeWel sid in
Ae eOmpany's statement ~ 23o.oOoo OF tbs
was N1dccOunteQ Tor.
ExJudge Porter, behal, OF the companies, followed