Evening journal., 1896-10-17
MILLIONS ARE INV0L WE'D
Buchanan, the Complainant,
Must Appear in Court
TO ANSWER A CRIMINAL CHARGE.

LESS PAID S250,0O0.
Considerable interest was manifested
In financial circles yesterday In regard
to the filing of the bill against the Bay
State Gas Company by Anthony Hig-
gins. Roger Foster and Frederick 10.
Snow. solicitors for William Buchanan,
alleging that the company is insolyent.
The bill also alleged that fraud had
been perpetrated in connection with the
management of the company.
ADDICKs HITS BACK.
William Buchanan was yesterday
served with an order to appear in a
police court on Monday next to answer
to a charge made against him by Ca
mile Weidenfeld, of Boston. The de-
positions declare that Buchanan circu-
lated false statements concerning the
Bay State Gas Company, saying it was
insolvent and bankrupt, and that the
president, j. Edward Addicks, had di-
verted millions Of dollars to his own
private use.
OTHER THREATS AGAINST AID
DICKS.
It is also charged that Buchanan had
threatened to ruin Addicks if he had to
spend S150,0O0 to accomplish his pur-
pose; it is also alleged that he solely
arranged this suit against the COM
pany for a receiver unless he secured
S235, 600 for his share of stock.
COMPANY NOT INSOLVENT.
The treasurer of the Bay State Gas
Company has fled an affidavit stating
that the corporation is not lnsOlvent
nor bankrupt. The treasurer further
says that the president has not stolen
any of its capital stock and so far as
the new issue is concerned, he has not
received a single share of it.
HIGGINS MAY BE INDICTED.
The friends Of Mr.. Addicks say that
the action is the outcome of the politi-
cal fight between Addicks and Higgins.
Mr.. Addicks declares he will have Hig
gins indicted for criminal libel for at
tempting to ruin and defame his credit.
For some time past there have been
rumors in Wall street to the effect that
the Bay State Gas Company would pass
into the hands of a receiver, and the
stock brokers were disinclined to bid.
Gradually the stock declined from 23
to 3%, and at that point no one cared
to invest in the company. Mr.. Addicks
saw the crisis coming, but did nothing.
Yesterday afternoon Mr.. McCaulley.
one Of the receivers, went to the COM
pany's offices and demanded of Charles
/ H. Graf the keys to the desk. Mr..
! Graf declined to open the desk and a
/ locksmith was sent for and the desk
was forced open, but nothing was found
/ belonging to the company Mr.. Ad-
| dicks was out of town yesterday, but
/ Charles L. Kittinger, his private sec
retary, gives this side of the case:
THE bringing of this suit can have
no other than political significance, sew
eral attempts having been made to Sc
cure the services Of certain men to con-
spire against the company. We will
/ bring suit against all of them.
It is also said that a suit for $780,
600 aginst Mr.. Addicks has been placed
/ in the hands of James II. Hotfecker.
ADDICKS DID NOT KNOW 1T.
The following is published in the
Boston News Bureau OF yesterday un-
der the head of "Receivership Stories
Officially Denied"
"Boston-Bay State Gas is Az, of
IL. Private New York dispatches talk
of receivership. The local gas people
are all in New York. II. II. Rogers, of
the Brookline Gas Company, is loaning
money on United Gas lists and 2ds. Ii
is privately declared that he refuses 70
take any personal interest in the COM
pany except under reorganization ef-
fected under Massachusetts laws. J.
j Edward Addicks telegraphs the Boston
News Bureau from New York as fol
lows: You may deny absolutely and
unqualifedly any stories of a receiver
for the Bay State Gas Company. Not
only has there never been any sucn
move contemplated. but there is abso-
lutely and unqualifiedly no ground foi
such talk The company was never In
better condition than it is to-day. Il
does not owe one dollar and has on 9
large amount of cash. All stories con
Meeting the name of the Bay State
Company or any of the Boston gas com
panies with a receivership or with any
move that will cut down, or in any
way impair the value of any of the ex
listing securities or stock are not onl.
absolutely false and without founda
ton, but are put afoat by persons wh'
. know them to be false and withou
foundation.
~. EDWARD ADDICKS.
" President Bay State Gas Compan,
Of Delaware"
Il consider it a case Of blackmail,
= said local broker. "Addicks ala no
I know a thing about it. To-day tn
o stock is strong, and climbing right u
d and lots of it is being bought
[ Mr. Kittinger was seen again this al
s ternoon in regard to the situation an
d he said nothing will be done until tn
e arrival Of Mr.. Addicks, who is now j
q Philadelphia arranging the defeno
with his counsel. II. II. Ward an
George Gray will look after Mr.. Al
dicks interests here, while George Z
Crawford and Berkeley Taylor, of Phils
!, delphia, will act in the same capacit
: there Parke Chandler, of New Yorl
will also act in the case.
Mr.. Kittinger denies the story thf
= ! Mr.. Higgins has been arrested, but say
% that legal proceedings will be take
10 against those who are implicated in th
case. Mr.. Addicks will arrive here o
Tuesday, when action will be begun.
Mr. Kittinger says the suit whic
IL Mr.. Hoffecker has against the compan
5s has nothing to do with the proceeding
"a now going on, but is the outcome of