New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-02
THE LEGAL PAPERS IN THE CASE.

The title of the action which was begun yes
terday is: THE Western Union Telegraph Company
and jay Gould plaintiffs against John G. Moore, Thomas
C. Purdy James Stiles william Niles George F. Baker,
George William Balou, Asa p Potter, Charles f. Peck
sconed, George 5. Scott Harris O. Fahnestock, the
Mutual Union Telegraph Company and the Central Trust
Company Of New-York" The James Stiles " and
william Niles mentioned among the defendants are
the heticious sanctioned by law practice OF the
partners besides John G. Moore and Thomas CPurdy in
the firm Of John G. Moore Co. This fact lie stated at
the outset OF complaint, which the plaintiffs and
defendants are severaly described The bill then alleges
that George Baker of the defendants,
contracted to purchase from John G. Moore &
Co., who their part contracted TO sell,
$1,000 shares of the capital stock OF TIE
Mutual Union Telegraph Company trusted stock
s. per share, payable when delivered; that there
after among things agreed between George
F. Baker and Jay Could (acting for himself and the
Western Union Geiegraph Company, with the knOwl-
edge and consent of John G. Moore & Co., tnat the
former should sell and the latter should buy upon these
terms Bakers interest IN the the Of
1880 shares Of the Mutual Union Telegraph Compauy's
stock; and that on March 81 1882. Mr.. Gould bought
and maid for the 1880 shares of stock received
delivery Of the certificates therefor from John g. Moore
Co through Mr.. Baker These certificates were trans
ferred to and issued In the name OF Mir. Gould and so
s remain of record upon the stock transfer books OF
the Mutual Union Company. The third paragraph OF
the complaint alleges that before March 81 1882,
Baker and Gould entered into agreement with JOhn
G. Moore Co. (Ihe latter acting for themselves and
several others Of the individual defendants under which
John G. Moore Co. TO sell to Gould. for himself
AID his associates $500 other shares Of the stock then
already issued when certain injunction in the matter
Of the shares should be removed and certain suits CON
corning the same be dismissed at 90 per snare lOOVV
other SO per share tnat II further agreed
be- the persons that all Of this stock with
Of the Mutual Union Telegraph Company be-
longing the parties To the agreement and teT ALSO
eiaee, amounting to about $4,000 shares should be
lsced ia disposed or and c0nlrOled ny GOulu
ard Baker as trustees Tor the oensnt
OF the respective owners OF the stock: that
further agreed that the persons interested IN tie
trust should buy Of the Mutual Union Company 100000
81 the bonds OF the COMPANY az 80 per cent or Their par
value, person interested contributing 10 such pur-
chase IN proportion interest by and under
the terms Of the ment 1t was provided further mat
su suits heretofore brought by either Pny H. Baooit
o. William II. Cameron against the Mutual Union CON-
pany aud Otbe then pending, should be discontinued,
Without costs TO either party In either OF those suits as
against any other party; and that the suit Of the
western Union Company against the Mutual Union Com
pay with reference The Page paten should be sus
ReAded until the Western UniOn and the Mutual
thivn should come TO agreement with regard
10 u; that thereafter ami previous 20 the
scons horeinaftrr mentioned defendants
sod and Gould and his associates bought The 10 300
tLarea OF he capital stock of the Mutual Union pany
upon the provided in the agreement and the
tOhs Interested IN the trust bought OF the Mutual Union
Company the bonds therein stpnated 70 be bought al
- per cent OF their par value. the Western Union Com
pay contributing al TINE 10 ihe purchase III proper
to TO their Interest In the trust the amount which was
PAID 70 the Mutual Union Company for the 100000 at
pa VI The bonds aud at apothef time purchasing from
ne mutual Union Company through Baker $4,000 CpAr
vaue) VI the bonds al 50 per cent that III further per
vfnanee OF the OF the agreement Gould and tie
nesief1 Union Company procured the suit against me
mutual Union Telegraph Company aud others 10 be dis
Continued aud the sui Of the Western Union Company
against the Mutual Union Company ON the Page patent
transactions the defendants Baker, Bailou and Peek
Wee directors of the MUTUAL Union Telegraph Company,
SIC The president having recently died, Bal0u was act
ny a. president and that the Mutual Union Company
va snd IL fully informed e terms OF the agree