New-York tribune., 1885-01-18
CLAIMING 100000 IN A LIBEL SUIT.
ADRIAN IsfILy co. AND wALsToS II. BROWN !

ADRIAN IsfIIS 4 CO. AND wALsToS II. BROWN 4
BROS GOOD NAME AssAILED.
The litigation in which the affairs OF the
Rochester and Ptsbufg Railroad Company are already
involved supplemented by suits for libel brought
against two Of the tOCkhodcrs-Charos H. Moigs and
r. f. IIascsll-by Adrian isein q Co. and Walston II.
Brown & Bros. separate action has been brought
against each of tho defendants claiming $50.
900 damages aud tho In each
case WAS served yesterday by tho plaintiffs
attorneys. Miller, Peckham * Dixon Walston H. Brown
Is president of the company. OF which Adrian lselin jr
OF the firm Of Adrian Iscn Co, has been director
Mr. Brown and Thomas +. Wentworth secretary Of tho
company, yesterday tOld Tribune reporter why tho
libel suit begun.
Mr. wentworth said that published pamphlet
circulated among certain stockholders by Messrs.
Megs & Hascan had fallen into their hands. In It
was a notice Of a meeting OF stockholders OF the com
pany called by them to be held last Thursday: For
the purpose general discussion OF tho bOndholders
proposed plan of the present aspect of
the company. affairs and OF suoh other matters may
be brought forward" The pamphlet stated that the
pany having refused to defend action 10 oreclose the
second mortgage Its property. answers were
made to the complaint therein by Messrs Megs
and Olmsted stockholders The defences
nterposed were that the company had Illegally
issued S369OO00 Of stock IN 1881 that the
road had earned sufficient money up to August l. 1881,
To pay interest all the mortgage bonds held by bona
fde purchasers that the Coal aud Iron Company,
some persons in its interest had procured aud retained
large part the earnings and proceeds OF the
put to the dctTimcnt aud damage OF stockholders OF
the railroad company that certain directors OF the rail
road company: by corrupt Agreement between them
selves and others made In 1852. when tho stock
ca" on tho Increased stock at 20. and had sold and
"unLOadcd" IL on the public at nich higher figures 10
their Individual benefit aud profit for which they have
not accounted 10 the company of he pfohts mus made
by them that tho president of tho railroad company
being "a member Of the firm Of Brown. Howard 4 Co.
contractors who but long line OF railroad In Penn
sylvaRia and New York. had made large profits from
the cost of the railroad and still retained the same con-
trary TO law; " ana also that tho floating debt OF
81 200 O0O alleged TO be due principally 10 lsen Co.
and Brown * Bros. was fictitious ana created In bad
faith while the members OF those firms acting as
directors and officers OF the railroad, and conld
COMPLAINT" that this action brought TO trial I'm the
Supreme Court in Rochester on December 10 and 10,
the evidence all taken ana the Cause VIII bc argued and
n is further declared in the pamphlet that the counsel
believe the in the to be strong evidence Of
conspiracy and intent Of Brown. lsen Co. 20 wreck
favored ind yiduals making 100000 per year
the product coal mines the property which
nosed TO own and to be entitled to it, entire pronr
lion !" and that there has been left In the hands of
time when they permitted this foreclosure sut TO be be-
guD the sum in round numbers OF SsoO0OO, applicable
road vet al the end this short year We ARE ur
baney asked believe that this corporation bankrupt
and justly indebted, mostly to its own officers 10 the
tent of nearly a million anda quarter Of dollars"
1--WE appeared last Thursday" continued Mr.. Went
worth, at the meeting OF stockholders although We
had received notice OF IT, aud then the opposition
moved to adjourn until to-day. To-day attended tho
meeting and they moved TO adjourn sine die We pro
tested against the adjournment, saying were ready
to answer any charges brought against that II
was due the stockholders to place before them what
said on both sides"
'This has come 10 be matter OF blackmalling IA we
think" added Mr.. Brown. They brought In clerks
eleven and twelve old and thus outvOted u.s.
rylpg the motion adjourn We have to-day received
letter from Charles Gregory, whose
TO the pamphlet declaring that II was used without his
perInsson and that he knew nothing about the pubca
lion of the pamphlet and we have had tho summons
which at first had been prepared against him with
drawn"
A RAILROAD COMMISSION APPOINTED.
WASHINGTON, Jan. 1.-THE President to-