New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-16
REORGANIZATION INTERPRETED WITH.
TIE INTERNATIONAL AND GREAT NORTHERN

TIE INTERNATIONAL AND GREAT NokIhEnN
COMMITTEE ENJOINED
An order OF Injunction issued by Judge Beach, OF
| the NewYork supreme Court, on the application Oh
the Missouri, Kansas and Texas Railroad, was served
| Yesterday on the Central Trust Company ana ue
members OF the reorganization committee, OF inc
International and Great Northern. The lnluhctioh
temporarily restraints the Central Trust Company, from
paying out any money accOGht OF the demuited
interest pf the international and Great Northern III;
order to show why the injunction should not DC
| nado permanent IS rctiriabc on Thursday next Inc
total Of unpaid coupons and accrued interest
| thereon is S2784057. There is also unpaid juds
| mcnt In favor OF Jay Gould for SJ37,3s3.
The application for an injunction was made py
Henry w. Poor q member OF the executive committee
of the board OF directors of the Missouri, Kansas and
Texas and simon Scrnc, the general counsel OF tine
commny Mr. Sterrc's affidavit declared that Jay
Gould had delivered 1862 shares OF International
and Great Northern stock to the Missouri, Kansas ana
TcAas Office late that it was impossible to make
| the deposit OF money required undcr the reor-
ganlzalion plan, before February -. the last day
allowed for such deposits, and that Mr. Gould pro-
posed to make a deposit adversely, and receive stock
In lieu OF that delivered to the Missouri. Kansas and
Texas people.
Mr.. >teIncs allegation takes point from the follow
ING provision Of the reorganization plan Any stock
holder may pay the assessment applicable to the stock
Of any other holder who shall not assent TO this plan
and become party 10 tho suboined agreement within
tho tire herein limited who shall fail or refuse to
pay said at the time when the same IS pay
| able. Stockholders 50 paying the assessment ap
| plcablc TO the stock owned held By them or by
other, shall be entitled to stock in the new company
equivalent to that upon which they shall have 50 paid
! the assessment
I'm Mr. Poors affidavit II declared that the pro
posed plan OF reorganization hal been made for the
purpose Of securing T. Jay Gould and to the railroads
under hi, control the practical ownership Of :he Inter
national aud Great Northern. Mr.. Poor asserted That
/ tho Missouri Kansas and Texas had not asscntei 10
the proposed PLAN but had constantly opposed 1t. as
being destructive Of its Interests and in cOntrvcnlon
OF ifs contract rights. and that the plan could not be
carried out except through Nr GOuds vstng the
stock which hc held In trust for the equal benefit VI
| tho Missouri Kansas and Texas and OF himself
| The order granted by judge Beach Restraints the
committee from carrying the plan Of reorganization into
effect; from receiving deposit any If the stck
Of the International and Great Northern. 0rd from
receiving from Jay Gould. directly or indirectly, any
payments by OF Assessments intended 10 be APP
Piled 10 the stock OF the Missouri Kansas and Texas,
and from disburslng any money deposit by Mr..
could under tho reorganization plan. ana from car
Ink out any agreement heretofore proposed 10y VIII u
Mr. Gould shall become entitled to stock In any re"
company 10 be formed under the IcOrganlzaiyn plan.
recorl ownership OF stock FIR the purpose OF authOfl
Ing tho issue Of thifd-mOrtgagr bonds Of the Inter
NATIONAL and Great Northern without the consent OF the
Missouri Kansas and 1cAa.