New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-06-02
TROUBLE ABOUT TELEPHONE STOCK.

notice was served yesterday upon the
Union Trust Company by Alexander Green informing
it. In behalf OF j. W. and Harris Rogers not 10 oeer
uy portion of the stock National Secret Telephone
Company deposited with the company under pooling
arrangement with Thomas LIVING and others; ana
especially not deliver to William j. Cahoone any Oh
the stock on the ground Of his having failed TO pay tne
considerations therefor. A TRIBUNE reporter saw
/ Harris Rogers the Of j. W. Rogers at the Grahd
Central Hotel last night Mr. Rogers said: one year
and half ago secured q number OF patents ana
among those interested in them was General Thomas
bought an Interest in them for $4,000 cash.
and had further the option given him for thirty days OF
placing 500 900 with strong financial men -tnose
are the words of the agreement AT the end OF thry
days he came to US and SAID he had placed 1t with
strong financial men '-mentionng g. " White, ex Sec
rotary Boutwell, aud Others pool was then formed
and the whole stock amounting 10 Sooooooo'
was deposited with the Union Trust Com
pany General Ewing bound not to sell
any stock except through S. " White or some OF our
own associates We soon wanted to sell some and VINO
are our associates3 we asked-the agreement having
been signed on the other side by 'Thos. Ewing ana
associates aud nothing more. General Ewing refused
to give us the names of any of these
associates; and then learned that s. " White had
not acquired the interest which be was to have
but that General Ewing had asked him to go into the
scheme and he had refused"
At this point Jw Harris came and took up the
rstye "When we heard all this" he began. we AT
once advertised in THE TRIBUNE and elsewhere for
our associates. You see, were bound not to sell
except to them or to s. " whte MI White would have
no interest IN IT, aud wanted 20 know whom We could
eel 10. The advertisements were no good; but very
soon aMajor-or Judge-Cahoone called upon MS being
sent, show. by General EWING, and offered TO
buy the remaining interest which held for $4,000 We
accepted that understanding that he able to
with all the other persons for their consent
CahoOne gave us $4,000 In cash, $1,000 In notes
secured by gold mine in Mexico and 1000 in trans
ferred The mine In Mexico and also his notes hsve
proved worthless The bill of complaint which We are
about to file pIays that inaslnuch as this company
have been guilty Of many Irregularities in having
no monthly report, &c, therefore a receiver
be appointed to take charge OF the effects OF the
National Secret Telephone Company, and that the
same be DISTINGUISHED and dissolved The grounds
on which the irregularities chiefly based that
General Ewing was acting as our broker and had no
as holding interest who did not and that General
Ewing and Judge Cahoone were partners at the time OF
the latter's purchase"
The reporter then called upon Judge W. j. Cahoone at
the House. He very indignant at the Messrs
still more indignant hen hint was given him
place. sad the Rogerses have interest in the Sc
Telephone Company at all In the second place those
patents OF his not used by the company Which IS
worked on the patent OF another man. In the third
place, there IS suit already pending relative to my
notes in Brooklyn and they cannot take action while
that on. In the fourth place, i
acting entirely for myself throughout; but would
much rather say nothing beyond cautionng against
believing all that the Mesrs Rogers say until have
seen General Ewing"