The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-06-21
THE TEXAS TRUNK.
The Election of Officers---A Suit
$500, 900 Filed by the "Outs."

1OOO,UOO tho 'oueos
The stockholders OF the Texas Trunk road
held another meeting yesterday, at the law
office of Messrs. White e. Plomman, for the
purpose of perfecting the organization of
the new company.
The following directory was elected; M.
Il, Dickson, Boston; J. W. White, Nashua,
New Hampshire; D. R. .Sortwell, Boston,
Charles Stepath, New York; s. j. Adams.
]. e. Schneider, r. V. Tompkins, A. San
ger, L. A. Pires, Dallas.
Capt. s. ], Adams was elected president,
and J. W. White, vice-president, A. Davis,
treasurer. and ]. r. White, Secre-
tary.
The following executive committee was
elected: s. ]. Adams, J. E. Schneider, and
A. Sanger. Total number of shares rep
resented 1904. About 592 shares paid up,
stock over 100000. capital stock $780,
OO0
The executive committee was authorized
to raise money to build the road at once as
far as Athens or as far as the company
deem proper for the present.
AS will be SEN the executive committee
is composed of three of our leading business
men, who have the welfare OF Dallas at
heart, and each and every one Of whom are
power is no longer located in the east or at
distance, but is conferred right here at
home, on the scene of operations, and
the committee have assumed the
responsibilities with full knowledge OF
the true condition Of affairs and no one
who knows them will doubt for moment
but that they mean to build the line and
- , x,orv aorly dow Thav are MT given
to dillydallying, but when they take hold
of or a part in an enterprise they never lag
but put it through. 1t is to
be hoped they will succeed i'll extending
the road and thus add to the growth and
commercial interest OF Dallas.
SUIT FOR $500,0O0.
In the district court yesterday, j.. b;
Simpson filed suit against D. r. Sortwell
ct al, which in substance reads as follows:
State of Texas, County of Dallas in the District
Court for Dallas County, Texas To the Hon.
George N Aldridse Judge Of said said Court
sues in his own behalf and in behalf Of
such ether stockholders as may see fit to
Join herein, complaining of D. r. Sortwell,
J. G. Graves, John f. Ely and W. w.
Simonds, represents that the said plaintiff
resides in Dallas county, Texas. and the
said D. R.. Sortwell resides in Middlesex
county, Massachusetts, but is temporarily
said J. G. Graves resides in Middleborro
county, New Hampshire, and the said
John F. Ely resides in Linn
county, Iowa, and the said W. W. 81.
monds resides in Dallas county, Texas.
That the said defendants being stockholders
owning and controlling majority Of stock
in the Texas Trunk railroad company, have
conspired and confederated together to
bankrupt and financially ruin the said
Texas Trunk railroad company, and have
colluded and fraudulently conspired with
its creditors to wreck and ruin the road and
the interest of all minor and smaller stock.
holders, that by such means the road might
be forced to sale, and sold at public auction
in such manner that only the bond hold
ers and those defendants conspiring with
them would be enabled to purchase the
same at an enormous sacrifice.
That at the time of the conspiracy
the road was valuable, had thirty-four
miles of track, equipments and rolling
stock, and was worth $4,000. That the
railroad company had earned by the com,
pletion of the road over SOC. 900 acres of
land, worth 100000 and that certificates
for it were duly issued to the company and
went into the possession of the defendants.
That said ]. G. Graves was the president of
the railroad company and member OF its
executive committee and a large
stakeholder; that D. r. Sortwell
was meuUeT Vi tut eAtCutlNc COhIuittcc
and the largest stakeholder in the COM
pany; Ely was also member of the same
committee which was empowered to do all
acts that the directory of the road were
competent to do and perform. That the
committee conspiring and confederating
with their other confederates and bond
hol iers have withdrawn all books and pa
pers from the state of Texas relative to the
road, refused to permit the directory to
meet in the state of Texas, That the com.
mittee fraudulently sold to themselves and
their agents who holds large amounts of
the bonds of the company TO the end
that suit might be brought therein
and the road sold out and wrecked. That
they have appropriated the bonds and land
certificates. That they have refused to hold
any stockholders or directors meeting for
more than two years. That they have
violated each and every provision, restric-
ton and command OF the estate law CT the
state OF Texas respecting railroads. That
by reason OF said acts the plaintiff and his
associate minor stockholders have been
damaged in the sum Of $500, 900 and all
costs accruing. In summing up, the plain
tiffs charge defendants with corruptly and
frauduleRtly conspiring with the bond
holders and creditors Of the Texas Trunk
railroad TO wreck and sacrifice the came
with the fraudulent and corrupt appropria-
ton of the lands and land certificates Of the
road amounting TO 300, 900 acres, with violat-
ing all state laws respecting the construc-
ton and aspiration OF railways, with cor
ruptly selling the bonds Of said road TO
themselves and their agents and causing
all of which plaintiffs claim OF defendants
md NJ emit