The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-05-06
GOULD-SAGE.
The Two Little Gods Surprised
BY an Order to Make the Halt in
the Scooping Schemes.
|rhey Must Show Cause for Getting
Control OF Great Northern Road
And Sever the NJ, K. & T. Road
From It's Lawful Owners.
|rhe Effect of the Injunction Ties Little
Jay Up for the Present, and If
Made Permanent 1t Will
Be Forever.


Be Forever.
NEW YoRK, May 5.-'rhe Times publishes
he following; Jay Gould, Russell Sage and
he other officers of the Missouri Pacific
Railroad company, and the Missouri, Kan
;as e. Texas railroad leach board of directors
5 composed substantially Of the same peo-
ple), had n disagreeable surprise party yes
erday afternoon, when they were surprised
with an order TO show cause why they should
2ot be made TO halt in their endeavors to get
absolute control Of the international & Great
Northern railroad and sever from its owner
The Missouri, Kansas q Texas. The order
was procured from Judge Barrett yesterday,
n supreme court chambers, by Simon Sterne,
who, with Il. Ellery Anderson, is the coun-
sel for VIM. Landon Bull and VIM. Mar
inisin, who represent a majority of the
stockholders OF the Missouri, Kansas & Texas.
Mr.. Martinisin represents the stockholders
In Amsterdam, Holland who own about
1901 600 shares, and Mr.. Bull represents the
owners of about 100, 600 shares In New York.
There are in all about AGA, 900 shares, so they
control clear majority. At the annual
election OF the company on May 10 they
purpose 20 Gust the Could board and put
he Missouri, Kansas & Texas into their own
hands. With the order 10 show cause Judge
Barrett granted a temporary injunction re-
Itraining Mr.. Gould and his associates from
n any way ''monkeying" with the stock or
ecrrities Of the Missouri, Kansas & Texas
Dr. OF the International & Great Northern,
Dr. with In any way changing the status Of
,ither company until after the annual cleo
ion. And they are ordered 10 show cause,
n addition, why the acts in relation thereto
hat they have recently done should not be
declared void for illegality. Mr.. Gould and
liS associates want TO get control Of this In
ernational & Great Northern. They began
)n April ?. Without giving the majority
stockholders Of the Missouri, Kansas Il
Texas road any notice Of their intentions,
he Gould members OF the board Of directors
Il the Missouri Pacific road met and passed
1 resolution reciting that the Missouri Pa
.ifc had advanced about SS00,0O0 on account
II the International & Great Northern, and
lskod for security. Accordingly, the direc-
ors Of the Missouri. Kansas d iexas voted
1t must not he forgotten that the board OF
directors OF the Missouri, Kansas & Texas
md OF the Missouri Pacific ART practically
he Ea1nc--and made two notes, one OF $3.50
30 a,a tie other OF 600 900, representing
Inc amount Of the alleged advances
rhoy are delivered to the Missouri
Pacific road directors as security--that
D. they delivered 10 themselves
n, l05 coo Of per cent. bonds OF the Inter
national 4 Great Northern. The Missouri
Pacific board Of directors also passed another
resolution rcciting that large number OF
suits had been fought IN different States
for land and other claims against the Mis-
souri,, Kansas & Texas and the International
& Great Northern, and asked for further Sc
rurty 10 indemnify them against the posi-
bic result OF these suits, some 200 or 800 In
number.
Tho Missouri, Kansas a Texas board Of
directors therefore directed their treasurer
90 deliver 70 the Missouri Pacific a. indem-
nifty O,5cO shares OF the International 4
Great Northern, and 10000 OF the Galveston,
Houston and Henderson railroad, which
connects the Great Northern with Calves
ton, and also 5000 shares Of the Bonneville
bridge. Having got all this property Gould
4 Co. proceeded to borrow money from the
Mercantile Trust company. Jay Gould,
Russell Sage aud Henry q. Marquand gave
their notes for the money, and the stocks,
bonds and notes were deposited In the Mer'
camille Trust company. The Mercantile
Trust company, IL Is understood, does not
claim 10 hold this property as collateral foI
the loans, Gould's, sagc's and Marqnand'i
signatures being considered amply sufficient
II was not until last Tuesday or "Wednesday
that Mcssrs. Bull and Martinlsin, Of the com
mittce oil the majority Of stockholders Of the
Missouri, Kansas & Texas learned OF thes,
transactions, and that about all the shares
and bonds OF the international n Grea
Northern had passed into the control u
Gould without the payment OF cent o
money. They also learned OF another sicI
IN the scheme The board Of directors Of thu
Missouri Kansas 4 Texas and OF the Inter
o. il..N IA. a..
Jay GOulds board-had met and had hur
ricdly agreed 10 cancel the lease OF the Inter
national & Great Northern 10 the Missouri
k&ansas & Texas. The effect OF this would b.
10 put the road completely at the mercy o
Gould
Having ascertained the position Of airalr
the members OF the committee OF the major
fly stockholders met on Thursday and face
the question as II presented itself 20 them
Their position Is this Under the pre-
text Of these above stated advances b.
the Missouri Pacific 10 the Missouri, Kan
tas A Texas, all the stock they owned Of tn
international a Great Northern had beer
placed in the name OF Jay Gould, and ha,
come under the control OF tho Missouri Ia
cihc, which he controls, and by the abrog,
ton Of the lease, the last hold which the,
had upon their helm PrGPS,y d saS SiSs is s
whatever they did must be done at once, an'
after consulting counsel the suit wa
brought In which Judge Barrett granted th
injunction yesterday. They expect that th
bondholders Of the Missouri, Kansas a TeIa
will act with them, ~ their interests mr.
Identical Mr.. Gould has now encounters
some Of the most determined and powerful
opponents Of his life. Behind Mr.. Bull an'
Mr. Martinisin are understood 10 be some o
the heaviest railroad and financial men Il
the country.
The effect OF the injunction which Judg
Barrett granted IL completely 10 ''tic up
Jay Gould for the present, and II II be mad
permanent II will lie him up forever In thl
matter. He cannot handle or dispose Of III
stocks and securities Of the international ,
Great Northern railroad which he has NJ
ouircd possession OF for nothing. lie car
not move IN any way toward the further NJ
complainant Of his purpose, and, finally
he stands In imminent danger 81 having n
his acts above related declared Illegal AN
snnullod.
Tse international a Great Norther'
PsLrsrrSr, Tex, May b.-Vlce'Presider
IL IL CLARK. of the International n Grei