The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-06-17
THE TEXAS TRUNK.
The Election OF Officers Yesterday
The Gentlemen Chosen.
A Suit for 100000 Filed by the
"0uts.o
The Facts Brought TO Light In vAe Case


held another meeting Yesterday, at the law
office of Messrs. White Il Piomman, for the
purpose OF perfecting the organization of
the new company.
The following directory was elected; NJ.
Il, Dickson, Boston J. W. White, Nashua,
New Hampshire; ID. X. sortwell. Boston,
Charles stepath, New York: S. ]. Adams.
j. E. SCHNEIDER, X. v, Tompkins, A. San
ger. l.. A. Pres. Dallas.
Capt. s. J, Adams was elected president
and j. W. White. vice-president. A. Davis,
treasurer. and j. X. White, Secre-
tary.
The following executive committee was
elected; S. j. Adams, J. T.. Schneider, and
A. Sanger. Total nun Der OF shares rep
resented 4,sN. About 592 shares paid mp,
stock over $4,000, capital stock 5000
900
The executive committee was authorized
to raise money TO build the road at once as
Tar as Athens or MS 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 loCat Ell in the east or ut
u distance, but IL conferred right here at
home, on the scene of operations, and
| tho committee have assumed the
responsibilities with iull knowledge OF
the true condition OF affairs and no one
who knows them will doubt for a moment
but that they mean to build the line and
at u very early day. They are not given
TO dillydallying, but when they take hold
al or "A Nar in ant riaat hau laY
but put 1t through. 1t is to
be hoped they will succeed III extending
the road and thus add to the growth and
commercial interest OF Dallas.
SUIT FOR 100000.
In the district court yesterday, J. Is,
Simpson filed suit against ID. X. Sortwell
ct al, which in substance reads as follows;
state of Texas, County OF Dallas. ia the District
Court for Dallas County, Texas To the Hon.
George N. Aldridge, Judge OF said Court:
The petition If James Is. Simpson, who
sues in his own benalf and in behalf Of
such ether stocs holders as may see III to
join herein, complaining of ID. X. Sortwell
J. q. Graves. John f. Ely aud W. W.
Slmonds, represents that the sad plaintiff
resides In Dallas county, Texas, and the
said ID. X. Sortwell resides In Middlesex
county, Massachusetts, but is temporarily
residing In Dallas county aforesaid, and the
said j. q. Graves resides in Middleborro
county, New Hampshire and the said
, John n. Ely resides in Linn
county, Iowa, and the SAID w. W. ST.
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 contederated 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
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 -fonr
miles of track, equipments and rolling
stock, and was worth $3.50 600. That the
railroad company had earned by the com.
! pletion of the road over 100000 acres OF
land, worth 5000 900 and that certificates
for II were duly issued TO the company and
went into the possession of the defendants
That said J. q. Graves was the president OF
l the railroad company and member OF It's
i executive committee and larg,
!, stock hOlder; that ID. X. Sortwel
: was member OF the executive committee
= aud the largest stock older in the CON
pany. Ely was also member of the SAINT
y committee which was empowered to do all
. acts that the directory of the road WERE
. competent to do and perform. That the
committee conspring and confederatinl
l. with their other coniederstes and bond
hol iers have withdrawn all books and pa