Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1891-01-26
STILL AFTER HOLMES.
The Enemies Of the Great street II a,i-
way Maguate Continue 10 Pursue
HJm-He WIFI Fight.


way Maguate Continue 10 Pursue
Him-He Will F'gh'.
The Saturday Chicago Inter O,ean
contained the following:
The enemies of G. B Holmes, who
succeeded in drying hin out of the n an-
agement of the Chicago City Railway
company, are not through with him vet
Yesterday suits were brought against him
in the superior court, claiming much
money So damages. by people who clsim
TO have lost it in the unfortunate Los
Angeles road, and it is said the END is
not yet. The suits in question number
six, and are brought by Charles Whitacre
and Robert Law against Q. B. Holmes
and the Pacific Railway company, which
last is the legal title of the LBS Angeles
road, and the damages asked aggregate
$35O,000 The plaintiffs attorney is
Levy Mayer. and in speaking of the silt
Yesterday, he said: These are only the
beginning. Mr.. Whitscre is plaintiff in
fic Railroad company for 500 600, and
G. B. Holmes is defendant in two addi-
tional suits brought against him by Mr..
Whitacre for $50, 600 and $25, 600 Rob.
ert Law sues the company for SIS 600
and Mr. Holmes for like amount.
"For the past two weeks have been
at work upon this case" continued Mr..
Mayer, land after various conferences by
the parties who invested their money in
the Pacific Railway company it was de-
cided to bring suit to recover The mat
ter was decided upon at committee N eet-
ing this afternoon MIR. Whltacre rep
resents number of banks in Chicago
which loaned money to Holmes and the
Pacific railway company from August to
October of last year to carry on the Los
Angeles enterprise. For these loans the
company and Mr. Holmes gave their
notes secured by wha. purported to be
first mortgage bonds OF the Pacific Rail-
way company but which. we claim. have
proven almost vslueless as the Los An
geles Railway company, which the Paci
Railway company succeeded, had alre ady
issued first mortgage bonds to the amount
of $l,5O0,0 900. That is the whole mat
ter"
How about Robert Laws connection
with the dealf"
His position is the same as that of the
banks. He took these bonds as security
for loans to Holmes and the COMPANY
aggregating $150.000. You see. at the
time these loans were made, Mr.. Holmes
name was a power in Chicago and his
verbal representations went a good way.
But. as We will prove, these bonds gwen
as security are simply worthless"
A few days ago George NJ. Bogue was
appointed receiver Of the Pacific Rail way
company in bond of $25 900 on q bill
filed by Charles Morse. Jan. 6. G. 3.
Holmes, as president executed note for
81 800 in favor of E. II. Russell, and this
note was transferred to Morse, who Sc
cured judgment By confession Mr.
Mayer claimed this transaction was q very
shady one. done 10 order that Mr.. Holmes
and his friends might get possession.
The bill fled by Morse sets forth that the
company was organized Aug. %. 1899,
in Illinois, with a capital stock of 80 =
500. 600 for the purpose of operating q
line of cars in Los Angeles, Cal. 1t was
claimed that the company was iDsolvent
and unable to pay its debts, and that the
numerous stockholders had not fully paid
up their stock subscriptions In that
proceeding it sought to hold the stock
holders liable for their unpaid stock.
There's certain clique trying to
down me-" said Mr. Holmes to q
reporter for the Inter Oceun last
evening. But don't think they will
succeed" he continued. and fighting
look came into his ewes. That Los
Angeles road is all right if i; is properly
taken care of. and will prove good in
vestment yet but if it is gong to be
wrecked the stockholders can not expect
any great returns from H."
Yesterdays Inter Ocean says, the ene-
nemies of Mr.. Holmes propose to carry on
the fight against him and that other heavy
suits are to follow. Mr.. Holmes holds
that he knows what he is about and that
he has no fears as to the outcome of his
transactions or the threats of his oppon
ents.