Telegram-herald., 1891-12-09
PAID DEAR.lOR A AANR
Stockholders or ths Dsfunct Hop
tonic Company sued
BUFFALO LIIHOCRlPaERs BEeIs II
They Ississ Ali oth~F Creditors 10 Jsss
IhzM 40 sqassxisx the ssoekhelasrs
"A $500 oeo Trade MARA
ts worthless rsaAy.


A suit in chzacery was filed in the
Unsted States circuit court last Mon
day. The complainant IS George IL.
Dunston o. Buffalo. New York, and the
defendants are the stockholders and
officers of the defanet Heptonse com
pany, a. follows. Henry Spring, Con-
rad c. swensbesg. William ID. faifori.
Thomas j. Lucas. ALVIN h. Mosley,
William Howls, Joseph w. Welton.
Agusta L. kutche, William NJ. helps.
Cornelius A. Wall. Ferdinand A. Hall,
Julia 4. Goldsmith. Michael I'll. Dueey,
Charles \. Cobb, James A. Cobb. Moses
A. True and Clarence 4. Bigelow OF
Grand Rapids. Walter 5. Hicks, Henry
NJ Hicks. Psrmeli4 Hicks and NJ. vir-
gina Hlcks OF Ann Arbor. John
:. Long of California, David r.
True and Annie III. Pike ot Chi
cago. All creditors OF the HoptonIc
company are invltssi TO step ~, share
the decree OF the o lrt aud contribute
equally toward the costs of the trial.
The plaintiff states that ne conducts y
Lthogrsphic, engaylng and printing
business and that he supplied the de-
PENDANTS with printed matter of all
kinds An attempt was made to col
iect without success, which forced him
to resort To the courts March Is, 1887 /,
he recovered 4 judgment IN the United
statesclrcuit coarttorSl 81 "a and later
he sued out OF the same court = writ OF
fferl tacias which was duly served by
the Unlted states marshal. who report
ed that the company was possessed OF
40 goods nor chattels in his balhwlck
upon when he could levy.
Other Jaagmeots Secured.
October 10, 1855, the company was
again before Justice Westtall and .
judgment for Sl55.23 secured. Sep
t-mber 2S, 1857. another judgment for
$s26. 81 was entered IN the superior
court. The same course was pursued
rs IN the frat case. but the Judgments
were not satisfied because OF the
fact that the sheriff OF Kent county
could ind no property to attach. The
bill continues bv setting forth that the
company WAS organized IN this city by
Walter ). Hicks. john 5. Long, Chas. +.
, Cobb, DAVID +. True and Ammi II.
Pike with . capital stock OF $500. 900
and that the only property OF the cor
/ porstion was . trademark, the value
OF which could not exceed $6500, If II
WAS worth anything. A valuation Of
Z $500. 900 however was placed upon it.
Business WAS begun on an extensive
scale, n large number Of men emp Dyed
and = great deal of advertising was
done. Soon the incorpnrstors began to
offer for sale, at big discounts, the stock
| which they held, sppropriating the pi O.
ceeds TO their own use. The stock was
sold a. low as fifteen cents on the dol
lar. The gentlemen elected themselves
officers and put ASIDE $i0o, 900 worth OF
non assessable stock. The remaining
shares were sold for any price that
could pe obtained. A report was Dad Z
10 the county clerk showing thirty-four
stockholders including the names given
above, part Of whom are not made de
fendsnts TO the SUIT. Ass gnnents are
attached showing that Walter s. Hicks
bought the trademark from Craft and
Taylor, of Detroit. tor 81 500, and sold
II To Long, True. Pike and Crabb fol-
$4,000. "A third assignment by the last
named parties to the Hoptonic COM
pany, raises the price tritie.
the stipulation being $500, 600
nearly everything Was bought
on credit. Mr.. Dunston's at
torneys are Sweet 4 Perkins. The
latter said last night when asked about
the case, that the aggregate indebted
ness would probably reach 50.000
The object in making the above parties
defendants 10 the fact that the imam
cal statement made to the county
clerk shows that only twenty-five pei
cent. of the capital stock was paid in
leaving IS per cent. which is regarded
ns chsstei property OF the Hoptonis
company.