New-York tribune., 1895-12-12
AFFAIRS IN BROOKLYN.
THE SALE WILL BE MADE.
LONG ISLAND TRACTION REORGANIZA
TION HAS CLEAR ROAD.
MRS OCoNNoR LOSES HER SUIT FOR AN IN
JUNCTION RESTRAINING THE SALE OF TIE
RcAD-CHARGEs AGAINST p. II.
FLYNN DENIED.

FLYNN DENIED.
The decision Of Judge Nathan Goff. in the
United States Circuit Court Of the Eastern
District OF Virginia yesterday, refusing the ap-
plcation Of Mrs. Emma y. O'Connor for an in
junction stopping the sale Of the Long Island
Traction Company. makes certain the sale of the
property in the New-York Real Estate Exchange
rooms. az No. III Broadway. The sale will be
heh under foreclosure proceedings brought by
the New York Guarantee and Indemnity Com
many IN October. This company Is the trustee
for the collateral notes and the receivers GER
flfcates the former amounting 10 SlS15.0CO, and
,he latter to $4,000. The interest on both notes
and certificates was due in August, but the com
uany defauted because il was necessary TO
h3v, The Long Island Traction Company closed
"a. I'm order TO bring about the reorganization
which ex-Governor Flower and his associates
desired and which they alleged was necessary.
- soon rs the sale takes place and the Reor-
ran.zauon Committee purchases the property re-
organ.zation will proceed and the papers or IN
o,rnoraton VIII be Immediately filed in Albany
In giving his decision Judge Goff SAID mat II
Was clearly unjust TO- 4 single stockholder who
had only small number of shares to attempt to
block the designs Of the whole company It had
moi bean shown that any shareholder had claimed
freud but on the Other hand, ii seemed 10 the
Judge that the litigation Aad been brought on by
some one whose obiec. was 10 harass ana EN-
ba~rass the receiver and the eorpo.liors lncluoed
in the suit There no evidence TO snow that
Mr. Morse had allowed any mismanaeement OF
tcat he had been party - any transaction
tlnced with fraud. He haG done his fun duty 10
The holders % the collateral trust notes ana 10
me other corporations included in the Long
Island Traction system Charges made agalhsI
y II Flynn by the counsel for the receiver ahG
the Long Islasd Traction Company attractsu
much attention ir the case II was sald that MY
Flynn was net ac':ng in good falth ana that ne
was under a mo a.. il not q legal. obtlsaton hot
2, nut oh.ta les in the way of the Lort Isiahu
Traction Company. 1t was learned tnat MAJ
KEYS suit was inspired and controHed py MI;
Fivnn. who was then seeking franchises 1or rVs'
rail~oad CONF lies. An agreement II was az
lagcd was mad with Mr.. Flynn by Which ne
-aceived money and bonds OF the BrOoklyi'
Queens County and Suburban Company Whicn
Lad been organized for the purpose o. acquiring
and extending the Broadway railway system.
AIR Flvnn agreed to have the Markey injunction
suit discontinued, and on June 10, 1893, TINS was
lone and the lease executed. NeNertheiess'
in iess than q year Mr. Flynn began SUIT 10 ue-
,Iara this lease void. and he began other SUITS
1atar 20, the purpose Of discreditns the securities
OF the Ira 1tiOn Company. , 4,
Tbosa allegations were denied by James -
church who said that. as counsel for MT MarheH'
he was thoroughly acquainted with the facts'