New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-17
THE MUTUAL UNIONS CHARTER.
AN APPLICATION TO ATToRNEY-GENERAL RUSSELL
TO HAVE IT VACATED.

AN APPLICATION TO ACKNOWLEDGEMENT NOS'A'
TO HAVE IT VACATED.
Application was made to the Attorney-Generai VI
this State on Wednesday that he should Dring d"
action in the name of the people to vacate tue ch
ter of the Mutual Union Telegraph Company anu
upon the papers that were laid before hlih' 'no ~
tornev- General has cited the officers OF the company
TO appear at Albany next Tuesday and snow cau'
why the action should not begun. The appiica'i0I
was made by William Hendrey Cameron "no' 10
stockholder. recently began suit IL '"'
,raroe Court against the directors OF the company
for fraudulently modifying the contract WIN 'Ohi'
q Moore g. Co.. the contractors who built the coin-
nanv,s lines In the application 10 the A.'oineS
General. Mr. Cameron has been )Olneu Ny Jay
Gould. who states in his affidavit that ne is s'ocA'
holder of record TO the extent OF 9O'ooO shartS'
which be bouqht In April, 1882. The reasons why
an action should be brought by the Attorney
General are gwen in the application as follows
10 ne Attorney General ofhe State Of Neic- York
Apnljcatlon is hereby made Tor commencement OF an
action or actions against the Mutual Union Ieesraph
Compsnv under the provisions Of existing laws 20 Nacuc
Its charter. This application IS made upon the following
Erst@That the said the Mutual Union Telegraph Com
pauy has offended against the provisions OF IN" ID FA
ton the increase Issue and disposal OF It's capa
stock and the thereof contained in the act ny or
under watch the said corporation was created anu le
amending the same aud applicable to such corpora
Stcond-rhe said The Mutual Union TELEGRAPH Com,
pany exercised privileges or franchises MOI coheIlou
The afiavs and schedules herewith submitted, It IS
respectfully urged. establish: .-,
a. That the sad company has unaWiuHy lsSuel
ten millions OF dollars OF capital stock when the author
ity conferred upon II by law TO issue capital STOCK vas
limited the Issue of one million two hundred thousand
(2 That ahou five millions OF dollars OF the bonds OF
the SAID company have been Issued In payment iOi te
construction and equipment OF lines OF telegraph "or
sbour three million I'VE hundred thousand dollars ana
substantially The whole Of said ten millions OF STOCK ',s
been emily issued IN connection tnerewlth with
ont any payment ether adequate cOAsdtEaIOA IuI
said stock 60 said company.
Mir. Cameron offered to furnish satisfactory secu-
rity for the costs of any action that might be
brought upon the application. In favor of bringing
the suit. afidavits of Mr. Cameron. jay Gould and
Ezra A. futile an attorney who has examined into
the organization and operations of the company,
are appended Copies Of the articles of incorpora-
tion of the contract between the company and John
G. Moore * o., aud of several circulars Of George
William ballOu & Co., the hsCaI agents, are IN
cludeI among the papers, together with copies OF
The courf records in the suits that have been
brought at various times against the company.
Dawes Work McNamee ~ Hilton appeared as at
torueys for both the applicants tdM =. James
Is OF counsel for Mr.. Cameron, and Wager Swayne
for 4lr. Gould. 90, ,,., ~
Some of the principal officers of the Mutual IN
ion telegraph Company, when informed yesterday
of the Application that had been made 10 the Al
toruey-(ieueral. laughed outright. They SAID that
they had not received the citations OF tue Attorney
General and consequently knew nothing OF the
matter. They SAID That the papers tat nad Deeh
served upon them lately made very interesting
reading aud that any addInOns III the same line
would Oe received gladly. They spoke scoThIuiS
OF the application a. the "mereSt DOsn ana OF NJ
Cameron in terms that were by no means coInpA-
Russell Sage said geefully: You see the fun
isn't all on one side. We've got them this time"