St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-03-17
STIFF CHARGES MADE.
Minneapolitans Compromised by
an Action for n Receiver.

MinneapoIitans Compromised by
an Action for n Receiver.
An action for a receiver which serl-
ously duplicates several prominent
Minneapolitans was begun in the dis
trict court yesterday by William l..
Matson, of Hartford, Conn, against the
Green Mountain Stock Ranching COM
pany; II. E., c. IL. and George II.
Fletcher individually and as members
of the firm of Fletcher Bros; A. W.
Wright, of Michigan: q. l.. Bradley, j.
II. Putnam, w. Ii. Keller and Joseph
Roby. The complaint in the case is
vOluminOus, and opens by stating that
the plaintiff begins the action for him.
self as well as for other stockholders,
and he asks that receiver be appoint
ed and that the court take charge OF the
affairs of the ranching company and
also issue restraining order.
MatSon states that he does hold, and
has held for the past seven years, $50
shares, or IS, 600 worth of stock in the
company, and that Ii. E. Fletcher, who
has been president and general manager
OF the company, has been making false
reports and mlSrepreSenting the true
state of affairs TO the stockholders, and
has also been converting funds OF the
company 10 his own personal use and
that of Fletcher Bros. On Nov. 30, a
report was made by Fletcher to the
stockholders, it is alleged, which stated
that the association owned tools and
implements valued at $4,000: live stock
worth $4,000, and bills receivable
amounting to 900. Shortly after this
report was made, Matson alleges that
Fletcher and others put up a
job OH the stockholders to further
their own ends. The board OF directors
of Nov. 30 consisted of II. E. Fletcher,
G. Ii. Fletcher, G. L. Bradley, A. w.
Wright, j. II. Putnam and w. IL. Bast-
ing: and the board which was elected
consisted of Mayor w. II. EustiS, Judge
NIB. Koon, A.W. Wright, w. II. Keller,
j. Ii. Putnam and Joseph ROby, Brad
lev being president, Ed. Lucas secre-
taay, and j. II. Putnam treasurer. The
last three. Matson alleges, being merely
clerks in the Office, were put i'll 10 fur
Their the scheme of Fletcher. Mayor
| Eustis and Judge Koon at once resigned
as directors and another meeting OF the
| board of directors was held at which
| Fletcher put in claim that the ranch
| ing company owed him the sum of
$685., 900. A resolution was intro
duced by Keller and passed by
| the board giving tletcnef property
! belonging to the association to the
amount of his claim, although no one
seemed to know how the association
came to owe Fletcher the 1882, 900. After
! this meeting Fletcher brought suits in
! the district court, alleges the complaint,
to place $4,000 in judgments, claiming
the association owed him that much
more. Following this, notice of iminent
! insolvency was sent out to the stock
holders. who then got their first knowl-
edge of the fact that the association was
not on a firm footing. Matson alleges
that following the report of Fletcher as
| to the assets of the concern $4,000
worth of horses were added to the live
stock by natural increase, but that this
whole amount disappeared through
Fletcher's encouragement and under
| the head of Expenses"