Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-05-06
: 4 SURPRISE PARTY.
Gould & Co, Halted in Their Endeavors
to Obtain Absolute Control of
the International.
The Stockholders Of the n K. & T. Pro
pyse to Dust & uid From Control
Of l1as Road.
he and His Assoeiatrs Z, joined From
Monseyirg eth tbs srucs or secur-
tiles, Either Railway.
A DIsAGsEEABLE sURPRIsE.

NRw YORK, Msy 5.-Tne Times pub
| fishes the following: Jay Gould, Russell
Sage, and other officers of the Missouri
Pacific Railway Company ard the M S.
souri,, Kansas and Texas R,ilwsy-escb
board Of directors is composed substsn,
TALLY OF the same people, and each is
controlled nv Mr.. Gould-h6d diss-
gree&ble surprise party yesterday after
noon when they were served with an
order TO show csuse why they should not
be made to halt in the epdeavor to get
absolute control IL the Internationsland
Crest Northern Railroad aud sever i,
from It's owner, the Missouri, Kansas and
Texas. The order WAS procured from
Judge BErrett yester day in the Supreme
court chambers by Simon Sterne, VINO,
with Eiery Anderson, is counsel for
William L.ndon Bull aDd William Martin
sen, VINO represent q msjority Of the
ste ckholders Of the Miss urI. Kansas and
Texas. Mr.. Martii seu represents 'ae
stc ckholders in Ans cream, H /
shares, and Mr.. Rul repr. Sans
the owners Of about 100 900 sna'.s III
New York. There are in all sDout 464 600
/
After the snnusl election of the company
on May 1e they propose to onst the Gould
board, and put the Missouri, Kansas and
Texas in their own hands. With the or,
der TO show cause Judge Barrett granted
| g temporary irj1nction restraining Mr.
| Gould ard his associates from in any Wey
"MoNKEYING" WITH THE STOCK
or securities CT the missouri, Ksosss snd
| n IT Trfa al Q
/ Northern, or in aTy way charging the
status Of either company unLiI after the
annual election. And they are ordered TO
show cause in addition why the acts il
re5Asson thereto thst they hsve recently
ES-He should not be declared void for ine-
fgality.
M. Gould and his associates want to
get cCptrni OF the International and Gresr
Northern. They began on April 2, aitnout
slViTg the majority Of the stockholders OF
! the Missouri, Kansas and Texas any
notice Of their Intentions The Gould
ne nbers OF the board of direclors If the
Missouri Pacific met and passed reso-
luton recitipg thst the Missouri P.clfc
had advanced about 100000 or sUCoup
IF the International and Great Northern
snd ssked fer security. Accordingly the
directors Of the Missouri, Kansas end
Texas voted it. Il must not be forgotten
that the board Of directors OF the Mis-
sUuIi, Kaps,s sud Texss snd the Mis-
sour Pacific are prSsuczly The ssme,
ard made two notes, one for $3.50 600
and the other fer $4,000, representing
the amount Of
THE ALLEGED ADVANCES.
They are delivered to the Missouri Pac Il
directors ss securitJ-shst is, they deliv-
cred TO themselves 81 $50, 600 of per
cent. oonds Of The Inlerna iOnsl an6
Great Northern. The Miss url Petite
board Of directors also passed another
resolution recItiI that large number Of
suits mad been brought in different states
for isud and other claims against the Mis-
souri,s Kansas and Texas and the IDterns-
tiUDal end Great Northern, and asked for
further security 10 indemnify them against
ne possible results of these suits, some
two&fS~ three hundred in number. The
kMfssouri, Kansas and Texas board Of oil
rectors Therefore dire Cted the t eat areI
TO deliver to the Missouri Pacific as in
dempity $500 shares OF the International
and Great Northern, and 0.000 of the
! Galveston, Hous ,on and Henderson rail
| road, which connects the Great Northern
| with Galveston, and also 5000 shares OF
| the Bonneville Bridge. Hsving got all
this property Gould & Co. proceeded to
| aorrow money from the Mercantile Trust
Company. Jay Gould, Russell Ssge and
Hen G Marqusnd gave their notes for
fthe money and the stock, bonds and notes
we're deposited in the Mercantile Trust
I Company. The Mercantile Trust Com
psny, 1t is understood, does not claim to
hold this property as
COLLATERAL FOR LEANS,
Gould's, Sage's and Marqusnc's sigma
lures to 1t being considered amply
81 fficient.
IL WAS not until last Tuesday or
Wednesday that Messrs Bull and Mar.
tiuson of the committee Of 8 ms iority of
theetocknolders of the Missouri, Kansas
taud Texas, learned Of these transacsio
and that about all the shares ana bonds OF
the International and Great Northern had
passed into the control of Gould with
out the payment of 8 cent of money.
They also learned of another step in
the scheme. The board of directors OF
the Missouri, Kansas and Texas and
International and Great Northern-that
is to ssy, the jay Gould boar i-had met
| and hurriedly agreed to cancel the lease
of the International ald Great Northern
to the Missouri, Kansas aud Texas. The
effect Of this would be to put the road
completely st the mercy Of Gould.
Having ascertsined Tie position Of
effsirs the members of the committee CT .
majority Of the stockholders met on
Thursday and faced the question as II
pr esented itself to them.
THEIR PROPORTION IS THIS:
Under the pretext OF the above stated ad-
vsnces by the Missouri Pacific 10 the
Missouri, Kansas and Texas all the stock
they owned Of the International and
Great Northern had been placed in the
name of jay Gould and had come under
the control Of the Missouri Pacific
which he controls, and by the abroga.
ton OF the lease the last hold
which they had upon their property had
been taken away from them. They de-
termined that whstever they did must be
done 1T once, and after consolidating
counsel suit Was brought in which Judge