The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-04
COMES OUT AHEAD
THE TENNESSEE COAL AND IRON
COMPANYS SUIT WITHDRAWN.

The Plaintiffs Say That They Were
Aisinformed About the Facts They
Brought the s2,5oo,ooo Suit on, and
Discontinue 1t.
The suit brought by the Tennessee Coal,
Iron and Railroad Company against John
H. Inman as director, member of the
executive committee, and fiscal agent, to
recover 50, SOC, 600, which it was alleged he,
together with Nathaniel Baxter. Jr., and
A. NJ. Shook, wrongfully appropriated, was
discontinued yesterday by mutual agree
ment. SAYS the New York Sun of Sunday
The agreement was signed early in the
morning, and at II o'clock the notice of dis
continuance was filed in the clerks Office of
the United States circuit court, where the
action was brought This is the agreement
s'Slnce the commencement of this action,
the complainants having made a more
thorough investigation of the transaction
involved, and having satisfied themselves
that information which was assumed and
relied upon by them was inaccurate, and
that there is no liability by reason Of the
matters stated in the complaint on the part
of the defendant and his associates, and it
thereupon having been agreed between the
parties that the compliments bill should
be dismiss ed without costs to either party
as against the other upon the conditions
hereinafter named.
SIT is hereby agreed between the COM
plainants and defendant that, without costs
TO either party as against the other, the bill
of complaint be dismissed, that an order to
that effect be entered, and that this is in
full withdrawal of any claim on the part of
the compliments by reason of the matters
in the bill of complaint alleged, the under
haiy, hot ft1rt cI1it c,aU ha
brought, but that the arrangement herein
made terminates and settles all questions,
and is final"
This was signed by John II. Inman and
his counsel, John E. Pearsons. and for the
plaintiff appear the signatures of William
M. Duncan. vice president of the Tennessee
Coal, Iron and Railroad Company; j. Bow
ran, secretary and treasurer, and Judge H.
c. Bond and Sparrel Hill of the committee
appointed to prosecute the suit. The COM
pany's counsel, Tracy, Mcfarland, Wins,
Boardman & Platt, also sign the agreement.
The name of Thomas G. Piatt does not ap-
pear on the document.
Mr.. Inman said last night that it had been
the intention of all the parties to keep the
discontinuance of the suit quiet for a few
DAYS yet, and so he was not prepared to say
ANYTHING about it. He said emphatically,
though, that there was nothing in the
nature of a compromise in the discontinue
ance. He said he had done nothing and
had not promised to do anything or pay
anything in consideration of the discon-
tinuance of the suit The reasons, he as
serted, were faithfully set forth in the
agreement.
"Mr Platt," said he, "was not informed
of the facts vi hen he brought that suit. He
has been informed Of the real inwardness
of the affair since, and at once he came for
ward in a frank and manly way, admitted
that he was in the wrong, and offered to
withdraw the suit"
Mr. Inman said that the recent gymnastic
performances of the stock of the company
On change bad nothing to do with the dis
continuance. He bought the stock largely
at low tide last week. This, he said, was
because he believed in it. The fact had no
bearing upon Yesterdays action.