New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-01
AFRAID OF MIR. ADD1CKS.
ACTION BY HOLDER OF SOME OF HIS
GAS STOCKS.


MIR. ApDrCKs SAYS THE ORDER
WAS OBTAINED By IAN
IRRESPONSIBLE
PERSON"
, ,u,oo has obtained from Justice Andrews
10 the Supreme Court. temporary Injunction ana
- ;, show cause on March 8 against the Mer-
,or,uo Trust Company as trustee. restraining 'hem
,rom voting on certain stock OF gas eo''
nanIes that are made defendants IN the ac-
,ion brought by his client, George ~. .
The other companies that are uele"'d''
,he action are the Boston Gas Light Company, 'he
noxburv. South Boston and the Bay state Gas 'Si'-
panv Of Massachusetts. and the Bay ''"e
ror,narv of Delaware and the same-named com
r,,y of Now-Jersey The injunction Is 10 res' e'
tho trust company from voting on the stooH' " w
meeting that was to be held Thursday h,s
The plaintiff to whose complaint ho '" ,v
o. va. becn fled saws that he Is the owner Vi ''N
teen Of the bonds OF he Bay State Gas company ~
Doaw,re In 1880 he says the Delaware COMPANY
hncome the lawful holder Of bond Of the deiehoa"'
Bav state Company of boston. conditioner ioi w
pavment by the latter OF A5OO.oo ana ~ per 80
of the earnings Of the Boston company, io' 80
OF ninety-nine years under which bona 'he sos
COMPANY paid $4,000 a year in dividends In 'o'''
bo ausges 7 Edward Addicks unlawfuy took from
the Delaware company the bond OF A5o''"' anu
without permission Of the stockholders deh'efeu ~
20 the Bay State Gas Company. OF New-Jersey' anu
that then the latter delivered the bono 10 'he VIC.
camille Trust Company. and the trust compah! ue
uvered IT back to the Bay State Gas Company OF
Boston The bond, he declares. was wrongfuiiy can
celel and the Delaware company was 50 deprNeu
OF a chief part OF It's assets, and the value OIL '''
stocks and bonds was greatly Deprecated June
this time Addicks president OF the Boston anu
the Ncw-Jersey companies II Is also allegeo '''a'
in pursuance Of the agreement made on January l.
he aN1 E. IL.
tho .r,,st company became holder 'of the stock OF
the several gas companies Of Massachusetts, ana
the New-Jersey company. and issued series VI
bonds called Boston United Gas Bonds inc aesie
gate OF which 100000. ana WHICH oo'e III
tercst at ; per cent
II IL further alleged that Addicks ana DI"a""s
assigned their rights to nominate officers ana dlree
tors Of the Massachusetts, Company TO the Dea-
ware Company that Addicks as an Office, OF rne
nstei Tor election az officers OF the defendant com
panies himself and Frederick Addicksi !. AMI ilssed
that this election would perpetuate and continue me
illegal and fraulu,ei; actions that nave uepin,Y
the Delaware Company of rs assets. Inc palnti!!
says that the Mercantile Trust COMPANY ~ aooq,
70 vote for he oy issued
81 $4,000 worth Of stock. which came lawfully mo
me DeaTae Co., h Hsr the Of the
complnys stock which did not come into the DeIa-
s a of IT #, Fights
equities. He also asks that receiver De appoh' '
I'm the possession OF the Trust company, ana tnat
tho securities be he'd for the protection ana rights
of TN. Delaware company. Mes.rs. Alexander anu
Green represent the Trust Company ana VIII on
March move dissolve the temporary injunction
up1n the ground that the papers are entirety IN
sufficient to Justify the Court In granting IL
= r Adlic<s Of the Day State Gas company was
in the city Yesterday. and he said in reference 10
IN. Injunction granted In the Supreme Court; Inc
INJUNCTION obtained last night 10 restain the Mer
r,u,i,e Trust Company from voting certain securi-
ties was a preliminary Injunction obtained by an
IRRESPONSIBLE person. IL simply delays the election
OF directors OF the five companies controlled by the
Hay state Gas Company. The injunction has no rea,
Moot mon the situation. the old officers hold
over until Successors appointed