St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-05-09
SANITY CITY DOINGS.
More Trouble Brewing for the
Members of the Old Car
Company.
An Ordinance for an Elevated
Road Between the Twin
Cities.
Visitors From the Blue Grass
State to Reach st. Paul
To-Day.
Summary of the DOinpS of
Summary Of the Doings of
One Day Gathered From
All Sources.
MORE TROUBLE COMING.
Suits to BE Begun Against North
western Car Company Stock
holders.

Suits to BE Begun Against North
western Car Company Stock
holders.
All indications point to renewal i'll
the near future of the protracted litiga-
ton in which the recently defunct firm
of Seymour, Sabin & Co., and the
Northwestern Car company, of
Saltwater. were involved. The long
drawn-out legal fight in which
tie corporations above named figured
as defendants ended some months since,
when their assets were sold at auction
to a syndicate Of capitalists now
known as the Thresher company of
Saltwater. Senator Sabin and his
company are the moving spirits in this
company. which is looked upon as the
Moses who shall lead the Sabin hosts
ont of the wilderness and recoup them
for the vast sums spent in the tuSSle
with the law. Now, come Elandrau,
SQuires Il Cutchen, attorneys for the
ThreSher company, and spring upon the
stockholders OF the old firm of Seymour,
Sabin IL Co. and the Northwestern Car
company circular letter calcu-
lated to scare them out of their
shoes, and also to bear pecuniary fruit.
The circular letter referred to is no
IlIOiC iiol iCSS Illdll a NtCllCllltl uDOll VIC
stockholders of the detunct corpora
tons named to pay over to the
Thresher company, as the legal sue
cessor TO Seymour, Sabin & Co. and
the Northwestern Car company the sew
erai amounts received by them in
years past in the shape of divi-
dendS on their stock, and also
to pony up certain percentage of their
subscriptions to capital stock which
it is claimed they never settled. The
aggregate of the several amounts
claimed is so large that the parties
who received circulars have en-
ployed legal counsel, and will en-
gage in another legal bout with
the Sabin forces. The preliminaries to
this new litigation are now in process
of adjustment, and it is expected that
the attorneys
FOR THE THRESHER COMPANY
will in few days, at farthest, insti-
tute proceedings in the United States
court, demanding of these COM
mon stockholders an accounting
as to the hmanner in which
they managed to get in on the ground
floor in their subscriptions to the capital
stock of the old companies, and also as
to the amounts received by them in div
idends on their allOtments of stock.
One OF the gentlemen who will appear
as a defendant in this renewed litiga-
ton was seen last evening by a reporter
for the GLOBE and Intercepted as to
the course which he and those who are
III the same boat with him intended to
pursue. Said he:
LAS soon as | received the circular [
placed the matter in the hands of my
attorney, Mr.. Stone, who is attorney
for several other parties in in
terest. 1t looks to me as if
Senator Sabin, who is behind
the thresher company, is trying to bull
doze the friends who stood by him when
he needed help most. If such is the
case, and it looks to be. then he's got an
other fight OH his hands. 1, for one,
shall decline to be either bled or black
mailed, and am ready to go into the
courts. Then the case can be fought
out on its merits, and Senator Sabin
will find that we can stay with him as
long as he or the thresher company is
inclined to fight"