The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-11-11
ACCUSES DAVID NJ. STONE.
MISS 7ERf BTJL SiIS AN UNJUST
DiJISTON WIS MiDE

Mr.. :, one s'nys that t'c mud william &.
Prime D,d the Work 81 Editor Rou o..
Who Had Retired. and roni rn,t OF
Ills ray, WI IL he Tru-;cr.' knowledge.
The solid JoWruc' IF tnn,ocycc is Involved in
q vexatious litigation. but IL IL not likely TO
affect In any injurious manner either tho in
terests OF the stockholders or tho reputation
OF the managers Of tho newspaper. Whcn
originally organized 1t was intended TINT tho
incorporation should extend over n period Of
fifty years. but finally the limit was fixed ut
Thirty years. Al! tho memoranda, making tho
incorr orrtion FOR thirty years. were drawn up.
Tut before tho papers were fled the time was
changed to twenty years
While. as II matter of fact. the incorporation
was for only twenty years. al! the papers filed
away in the saio In tho Office Indicated that it
would extend over period OF thirty years.
The twenty Years expired In 1885. but the
Eoavd OF Trustees were laborinc under tho
impres sion that tho incorporation would last
until 1886. and no steps wero taken toward
the renewal Of the partnership. which could
BIO effected at any time within three years Of
tho expiration.
A year or so ago Mr.. Routon. one OF the
editors and stockholders. married n wealthy
vito. and sold out and went abroad. 1t was
on Mr.. Bouton's retirement that the articles
Of Incorporation were taken from the safe by
Mr.. David NJ Stone and Mr.. William {. Prime.
the President and Treasurer of the company
respectively. md on examination they found
to their surprise that the time limit had cN-
1trcd. Steps wero Immediately taken with
Wow to rencorporation. and all OF the stock
holders with one exception were heartily en-
listed in The proposition.
Miss Ellen NJ. Turnbull. a wealthy resident
Of Baltimore. who had for Some time held
single coo share OF stock. Was tho only per!
son who objected Miss Turnbull had long
been drawing out larE" dividends on her in
yestment. but through her brother. who is
managing her estate. she represented that sho
did not desire TO go into the new corporation.
but offered to sell out for $4,000.
The Board OF Trustees refused to consider
tho proposition. and. a. this single share stood
in the way Of reincorroration. Messrs. StonN
and Prime and Mr.. John y. Stickney. as ma
jority OF tho trustees OF the corporation.
brought suit in tho Supreme Court against
Miss Iurnbull and the OTHER stockholders.
asking the court to direct them rs to the man
nsr in which they shall discharge their duties.
how to sell the property. and how to make
ntoyist9n fnr an arr"un'inf as !rMsteesii ,,,,
start Start anew Mn Although Hiss iIrnbuI was tia
| only stuckho,dcr who raised any objection to
s.e nsa IN n" we're n"nei
Ms co.resrondtnts. they. arc li.,ahoth $.
ssRnSy yo nm sy4 s+ss E EsWad
+ L"o,n nj Sophia s. iratt Dava 4. iiae.
Horace Il lhnrbsr r as trp:tce for inMr" A.
Sua e. Aa ana as and Nav A. Murray
hi H. has given . now turn to Tho li,iGation
through an APPLICATION lust made to Jus
s SSn r1o the n, 81 Ss n"t in b R1H
a commissioner TO take the testimony Of NJ.
stickn.y one Of the t.uste"s and u plaintiff in
stockholders. ut Rockville. Conn. where he is
The Application was also to stay tho trial
| until the missioner should make his re-
! port. LAWYER Merrill presented "ons ari-
| Stone prnsund >ti, kney cOntcn led tina; they
| knew nothing of tn" "NriIation Q. ths cor
S "r r uni" thS ns
| suit at issue u winding NJ in alud'c,at manner
Miss Tu-nhuil drni-s that they were !gno.-
ton. She further alleges that. notwtl!stnnt-
| Stone ard Urine continued to act us PRESIDENT
| and Treasure" respectively. and that they
and unwarrant.hie amount OF money which
rgktIly hHi2ngsh TO the rSrporfthI1n, a ,m
t H.tes md without the kNowi sdss. OF
Mr. s.ickncy. The Other p'sin!r Miss
it was not until last spring that The stock
| holders OF the corporation learned that MeSsrs
property of tho concern among thcmse elves IT
was not until they entered a protest against
S T IKE f er hs
appointment Of a receiver. Counsel for Tho
trustees made n objection to Lawyer Merrlt's
conn. issioncrt TO take Mr.. stirkney' s testimony
Mr. stone Was seen last night hy,n reporter
Brooklyn. and reiterated his statement. made
| In his comllant on which tn" suit is hased
he S Sih"r khos s ' as
| the corporate existence Of the concern had rX-
PRED in 1896 Mr.. Stone hal this to say about
! the al eyed unwarrn ntahle divisions OF money
between him and Mr.. Prime
When Mr.. Eonton; one, ct our auditors.
habit Of doing vas divided ed up hs;wesn Mr.
WORK to 10 done for nothing in II newspaper
Office. and IN this eos" portion Of the salary
Whrh had been pSH to Mr. hnt t vas Tysn
iees.. including Mr.. stickney. wcre aware. OF
the fact. as the minutes show. and nothing
| was done In q secret or underhnnd unnrer
Il neither Mr.. Prime Ior myscI thadtaEsn . dol
Increase re, s'i in Mss Turnbus dvaends Iarins
| tho entire period covered by the transaction
n Sse s %sG Turn
bull to secure Mr. stickney $ testimony. and n 5
q matter OF fact had requested him to come on
lie certainl ~ must have been aware that Mr.
| Prime and myself were getting Soma Of the
salary formerly paid to Mr.. Bouton. Tor. as the
| minutes show. he was present at the meeting
| az tho trustees ut which tina arrangement Was
determined upon. There would never have
| hcsn any trouble over tho reincorrornton il We
| had been willing to pay NJ IS Turhbull the cX-
trnvngant price she wanted for her solitary
| share OF stock"
Ifr, sli-lrelnnd.
Miss Florence NJ Ireland. daughter OF Mr..
| John H. ireland. was married to Mr.. Louis T.
| p,,ek : p'pIock In It night in the Ghurob