The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1893-02-23
JonX c. HASKELL, President.
BASIS OF SETTLEMENT PROPOSED AY A. II.
BRONSON. ,-.

BASIS OF SETTLEMENT PROPOSED AY a. h..
BRONSON.
Whereas, on the 9Th day Of August,
1890. Jonas Wilder, William G. Sheen, a.
B. Wilder, j. L. Wellington. j. N. Bal
lev and Thomas S. Hawkins fled q bill in
the Circuit Court of Washington county,
Virginia, and in vacation before Hon. D.
w. Bolen, Judge of the 18th judicial Cir
cult, sitting during thc illness of Hon. j.
A. Kelly, Judge of the 10th Judicial Dis
trict, made application for the appoint
ment of n Receiver fcr the Y. I. IS. & J..
Co., S. A. 30. r. r. CO., and the Bristol
Land Co., whtvit application WAS granted
and j NJ. Bailey was appointed Receiver,
and the parties thereto have agreed TO an
amicable adjustment of their differences
And Whereas, or the Stli day Of August,
1892, before Judge Hugh L. Bond, of the
U. S. Circuit Court, application was made
at Baltimore for The appointment OF Re
ceiver for all of the aforesaid Companies,
and John G. Haskell and ID. II. Conklin
were appointed Receivers OF the same
properties, aud in the aforesaid adjust
ment Of differences aud the proposed re-
lief Of said Companies from all litigation,
all oftsaid suits are to be discontinued of
record.
Aad Whereas, William McGeorge, Jr.,
John C. Bulitt, Samuel Dixon, Joseph l.
Doran, Edward Eastbnrn, Robert r. Hen
derson, Jonas Wilder, William e. Sheen,
John NJ Bailey, and others filed blu in
the last named Court asking to be made
parties of the last named bill and praying
for other relief in said case
Now Therefore, it Is hereby agreed by
and between j NJ. Bailey. plaintiff in the
first above mentioned case, j. G. Haskell as
Receiver and for nainti.is in the second
named case, and Wm. McGeorge and John
NJ. Bailey as plaintiffs in the third and
last named case and bill filed as parties
Of the tirst-pact land the Vt. z. 5. i. Co.,
party of the second part, that, i'll consld-
Grafton of the withdrawal OF al! the before
named suits by the said parties oil the first
part, the said party of the second part
hereby agrees to reconstruct its Board OF
Directors BY the election OF seven persons
in the place Of thirteen which now COM
pose said Board Changing he bylaws SO
as to provide that the Board shall hereaf-
ter be composed of sever instead of thir-
teen as heretofore) as follows,
And.it is mutually agreed by all OF the
parties herto that tie personal claims of
the individual claimants III the bill filed
before Judge Bolen in the Circuit Court
of Virginia, August 9Th, 1890, for salaries,
work and labor done and material furnish
ed, shall be amicably submitted TO the
new Bord of Directors, who sliall-procced
immediately to take such matters up on
their merits and settle the same, and i'll.
case thereof failure TO wii hin thirty days
from the date Of thisvagreement-to effect
such II settlement, all matters not thus
concluded shall be submitted Immediately
TO =. =.
who are hereby named and chosen as ar
bitrators, and each and every party here
by becomes FIRMLY bound to submit TO
such decree or Judgment as they shall en-
fer in each and every case that may DC
submitted to them, and is hereby bound
TO accent the same as final without right
of appeal, and that the party Oft the second
part shall have the right to pay and the
claimants in each and every case shall
and hereby agree to accept such bonds or
securities of or issued orr owned. by said
party of the second part in settlement
OF eacn anu every hHiouuG tH'e i'teJ 10y
awarded to them ut the same price anu
upon the same terms as the same class OF
securities us taken by the parties now
holding the large debt of the Company,
readiustment OF which is also to ne
promptly made by the new Board upon its
election.
! Directors proposed by Mr. Bronson -
John II. Innan, Lenox mitb,f3ames.J j..
Higginson, S. Lawrence French, Wnt.
McGeorge, A. III. Bronson and IL Norton
P. S.-NErs Norton having siEce died he
Submitted Mr.. PrebSt. -.
NlEw.Y ogg 8 aHuaryz2a4, 1893,
a. H. BRoxsos, Esq.
Astor House, N !.
DEAR S III ttcr yone conference ut The
Marlborough with SIessrs. fnman, Clyde
and asayer ON Saturday Ahe q st, sl5re-
Tired with You and these gent nhads 9
conference concerning the propositions
yo,, submitted, ut which Iagaa not pres
e,lt, AT. It's conclusion, I,,ssss chi led,ssatid
RED uestsdg To prepsr es.a sta enient Ior them
&, II ia giSSfe abed ted In f0str