New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-15
RAILROAD INTERESTS.
ACTION AGAINST THE MANITOBA
SUIT BY FRANK G. HoLLINs, THRou'h hiS
ATToRNEY-DENIAL OF MR.. coPPELLs
CHARGES

Service was made yesterday OF notice ana cohpia ~
in an action begun In the NewYork supreme ooui' W
Frank c. Hons shareholder OF the ST. faui '"'''
apols and Manitoba Railroad. to RESTRAIN 'ne Gun"
pauy from transferring to the Great Northern ha"'
Company of Minnesota 500 600 In assets ana Sc
r,,oe belorclng TO the Manitoba company and leasing
,he Manitoba lines to the Great Northern The complaint
.,,,rss that the proposed transfer, which mas pecn
annroyed by tho stockholders, Is contrary 10 ia" anu
hater rights 1t is also objected to as Injurious to
the stockholders of the Manitoba IN that IL purposes
to give away to another company earnings above %
per cent per annum when the Manitoba has actually
earned pcr cent on the for the last SIX years
The complainant also declares that he has vainly
seabed the records TO discover the legal existence
of the Great Northern Company.
When asked respecting the action, Mr.. Hornblower,
NJ Hornblower e. Byrne. said that he had been re
oueted 10 prepare the papers by another attorney
whose name he declined to give. He could give no
theory as to the motives Of the suit Mr. Holns said
at is a mistake that my name is connected with the
suit I withdrew from it few days ago. There are
some stockholders who intend to press such an &C
ton and I think they have good case. The reason
WHY retired from the suit was because OF recoh'
developments which would engage my time
Friends OF the Manitoba Company conten'ed them
selves with declaring that the 500 shares owned ny
Mr. Holins on which the action is based were trans
ferred TO him on November H. and had been purchaser
in the omen market The shares had been voted In
favor of the Great Northern scheme at the Mah'oo'
annual meeting. G.
George C. Coppell. one Of the members OF the o.
Louis and Chicago Reorganization Commtee' sai'
yesterday: "By tclegraphing to the receiver oi INC
property I learned that there IS no record OH 'no
books of the company Of the issuance OF ponds mum
bercd from .4O1 to GOO most of which were V''oa
by Mr. Hollins's party yesterdays meeting OF oohu
holders. do not care to say what my conclusion Is
rs to how they came to be placed on 'he mann
The difference between the two factions OF the pond
holdors Is that two members Of the ReorganihaiiOn
Committee D. D. Withers and myself, favor ha' NJ ,hs
tho road run BIZ Western railroad men, Whi!o I ~,
Hollins the third member of the comnltfe wsnJs
70 become president of the road and have MS lcus
elected directors so that the managemeht Oh w
road shall be entirely in his hands. doh ,iimN
that Mr. Wltfers and myself VII resign from tie Oo
mttce for that would .u Mr. Hollins in iuii Go,T',
MIR Hollins when asked rescocting this air @
REPLIED that II was not true that there nan De1I an
over.fssue or improper issue OF bonds. me ponus
were atesed by the engineerinchef ana M me uuis
company "The simple fact said Mr.. HORNS; ~
thai We outvoted the other faction IN inc 81 LOUIS
and Chicago meeting two to one"
II Is believed in v AL Street that there Is con-
nection between Mr.. HOLINESS suit aga hSt INC
Manitoba and the newspaper assault made on MN N
connection with the management OF the ST. LOUIS ana
Cbcaco Road,