The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1893-03-11
Anotber Bubble Bursts.

For some years the TINES -MoUNTAINEER
has warned the people against certain
schemes originated by the founder of North
Dallss alias Grand Dalles, and the state
ments of this paper have usually been veri-
fed. The following from the Evening 1ete.
gram shows that smother of these 'schemes"
IS about to collapse:
Clark G. Foster, Of Saginaw, Mich, has
commenced suit in the United States circuit
court against o. d. Taylor. of The Dalles,
for the recovery of $4,000 cash and four
promissory notes of $50, 1000 eacn.
1t is alleged by the plaintiff that Septem-
Der %, 1891, Taylor agreed with Foster, A.
E Dunham, c. L. Fay, A. T. aigby and G.
R. Burnside to sell to corporation to be
organized by the party $500 acres of fruit
land situated near The Dailes, for $50. 600.
Taylor was to hold one-half of the stock,
and the other five members one-tenth each
By the terms of contract entered into at
that time, Taylor was to receive $50, 600
cash, while the remainder should be paid as
soon as stock books could be opened and
sales of shares effected.
THE PROPERTY DESCRIBED.
The property to be conveyed was de-
scrlbed by Taylor as the Lair Hill ranch,
the Wilson ranch and the St. Barnes ranch.
By the terms of the contract five one-tenth
holders were to pay SIS, 200 each to Taylor,
though any one member or all could drop
out by forfelting $4,000, and the forfeited
share should become Taylor's property.
Another clause in the contract enabled Tay-
lor to dispose of his holdings, AMI conse-
quently he ssld TWO one-tenth shares to F.
SeIsser and A. Heisle, and received $4,000
from each Later the st. Barnes ranch was
stricken out of the contract, and October
%, 1891, the syndicate organized and in
the columbia River Fruit Com
pany of Grand Dalles, Wash. and of The
Dalles, Dr." with capital Of 81 000, 900
divided into 2500 shares. A. E. Dunham.
having received power of attorney for |
plaintiff and Others, met with the defendant |
at The Dalles and elected board of direc |
tors and officers, with Taylor as president, |
Foster as vice president, Fay as secretary |
and Burnside as treasurer.
HELD WITHOUT NOTICE.
The meeting, the plaintiff claims, was
held without any notice having been given.
At o neeting of directors held the same
day, A. E. Dunham was elected general
manager, with A T. Highly superintendent
The plaintiff claims that the alleged organi-
z4t,on was lrregularly made and is void,
and that it was never completed, and has
no legal existence, yet November IL, 1891,
meeting was held at The Dalles in the ab-
,-n'e of the plaintiff and purchased the
$500 acres of land from Taylor or took a
bond for deed for the same, and Mr. Dun
BAR gave the company's notes for $4,000,
n addition to the $50, 600 already paid.
FURTHER ALLEGATIONS.
It is further alleged that the property
lescrire ed Ill the bond Is not owned or was
,ot owned by Taylor, except the Wilson
anch, and that it was covered by mort
rage tor 1892, and that Taylor is wholly
nsolvent, and not responsible for damages.
The plaintiff claims that Taylor is tinan.
lally embarrassed, and unless restrained
rom so doing, will dispose of the notes.
it is asked that Taylor be com
handed to deliver up the notes at once, that
hey be cancelled, and that judgment be
iven for the cash paid him.