The morning call., 1893-09-15
TOOK EVERYTHING
Why History Company
Stock Is Cheap.
A SUIT AGAINST BANCROFT.
One of His Institutions Is Charged
With Appropriating Another Com
pany's Stock and Property.

Hubert Howe Bancroft, the historian,
would have had more peace of mind, to
say nothing of the financial phase of the
question, if he had remained in Chicago
and devoted himself exclusively to THE
Book of the Fair" publication In twenty
parts which he is iDflictiDg on the unso-
phisticated people of the effete East.
His visit TO the coast has not been met
with anything like an ovation. First he
ran afoul of the Pioneer Society, which at
one fell swoop declared his history abso-
lutely void of authenticity.
Then his suit against n. }. Stone. the
vice. president and manager of the History
Company. for $4,000 for mismanagement
of the business was dismissed, and now
Company, and brings suit against "The
crofts side issues. for $3.50, 900.
This latter concern was organized by
Bancroft early last year, and, according to
the complaint of Stone. has gained posses
sion Of about everything that the History
Company owned, and Stone, who possesses
1900 shares in that institution, finds that
while all the other stockholders in the
History Company were provided for in the
new organization, he was not included,
and he accordingly sues TO compel the
book company to make restitution.
He alleges that on January /, 1892 the
History Company was the owner Of and in
the possession of personal property of the
value of $500, 900, or Whereabouts, and was
not indebted to any person in any amount
whatever. and had spent large sums of
money in obtaining manuscript and ma
terlal for the publication of the work to be
known as the Resources of Mexico" and
was preparing to publish the work. and
had spent large sums OF money in prepar-
Ing for the publication OF schOOlbooks in
the Spanish language, and in introducing
said books in the Republic of Mexico and
In other latin-AmeTican States.
Stone further charged that at the time
the book company was organized the de-
PENDANTS entered into conspiracy to de-
fraud him of his interest in the company,
and to ruin and destroy the stock of the
company, and 10 render 1t wholly and
totally valueless. and to c0nvers and appro-
pirate all of Its assets TO their own use and
benefit
The plaintiff charges that following out
this scheme, the directors of the History
Company turned over to the book com
pany all of the manuscript, property and
everything of any kind, character and
description connected with the Resources
of Mexico" and that the transfer was
made without any adequate consideration.
IL is also charged that great number Of
sets of BancrofFs histories which were
owned by the history Company were
turned over, along with all the fixtures for
printing and binding books which had been
owned by il.
Il is further charged that with the money
and property of tue company Bancrofrs
new institution has been publishing a
Book of the Fair" of which over $780, 900
worth has been sold, aud that OF this 80
per cent is profit, but that none of the
money has been paid back 10 the History
Company.
The value of all this is estimated at
S3S0,000. and Stone therefore ASKS judg-
ment for that amount.