The sun., 1896-10-18
GAS ADDiCKS AND HIS FOES
PLENTY OF LITIGAIIOV COMING
OYER BAY ATITE GAS.

A Hearing Next Wednesday on tho Re
ecivrPship OF the Delaware Corporation
Suits for Damages Threatened ON He
hnlfo Addicks Against Various Persons.
The appointment of receivers for the Bay
State Gas Company of Delaware promises TO rec
suit In an interesting series of lawsuits. Tho
only new development yesterday was tho an
nouncement that Frederic II. Coudert had been
engaged, with Senator Gray OF Delaware and
other prominent lawyers, to institute suits
for conspiracy to ruin tho Bay State
who are responsible for the recevershp
proceedings Mr.. Coudert said yesterday after
noon that ho had been retained by certain pco-
pie who thought that their interests had been
materially injured by tho action OF Mr.
Buchanan, tho plaintiff in the action in which
receivers were appointed. lie declined. how
ever, to say by whom he had been retained or
what would be the nature Of the counter action
that he would take.
So far as can be learned II is not true that tho
Standard OIL capitalists are interested in the
proceedings. 1t is reported that Henry NJ
Whitney of Boston has an option on the stock
OF the Brookline Gas Company owned by II. II.
Rogers of the Standard OH Company. which ex-
pires on Nov. /. but the statement that the Bay
State Gas Company OF Delaware has
purchased this property is untrue. A
report that the appointment Of the receivers
has prevented the completion of negotiations
that would have resulted In profit of 81 100000
to the Bay State Gas Company of Delaware
may refer to contemplated transaction inyolv-
ing the exercise OF this option.
For u clear understanding of the present liti-
cation 1t is necessary to bear In mind that the
action in which the receivers were appointed
was brought against the Bay state Gas Com.
,,lic Ia 4 has IN ha
Investment Company, organized by a special
act of the Delaware Legislature in 1889. and
which for identification is known as the Bay
State Gas as C%mpany u De,nware Inc S,"mTp's'nt mt
the action. charges that this company was or
ganized and conducted Its operations solely in
corporaied with a capital OF 100000 which
Immediately after its incorporation was raised
with 81. oOO 900 of its income bonds, were issued
to the Beacon Construction Company, in which
Aadisks Swned aeso s9nrt 2n9 u1 gf 6SS9 @
sachusetts and the s%.ooo,OOo OF stock
sentatives. subsequently tho capital was in
creased to SIS, 100000 most Of the increase, il
it is alleged. Addcks caused to be organized
under the New Jersey laws another cor
9asF the to Mhsh a nsd
the capita al stocks OF tho Boston Gas Light. R"x,
bury Gas Light, South Boston Gas Light and
OF the Ray State Gas l. ght comnanes of Massa-
chuset;s. In exchange for ST,00o,0OO first series
bonds OF the Bay State Gas Company Of New
and lis entire capital stock of 81 100000
Tho entire capital stock OF these Boston cor
Trust Gnmnany Of this city a. security for the
payment OF the Jersey coin9any's bonds. 1t Is
alleged that Addicks then caused TO be trans rams
ferred to the Bay state Gas Company Of Della
ware shares OF the capital stock OF the
New sTssg Gom"ny Of the par sSe
ton. 1t ia alleged that the income from
the stocks Of the Boston gas CON panies has not
of the New Jersey company. aud that Addcks
has bound the Bay state Gas Company Of Della
ware to make mp ihe deficiency by an agreement
to he made hetw tween the bay state Iins Com
Pany Of Delaware ana the Bay state @ Gas
vides tha. the Delaware company shall pay into
the Mercantile Trust Company OF this city snlli-
sey company's bonds in case the annual divi-
dends upon the stocks of tho four Boston com
Mr.. Addicks and his lawyers. including p: C.
Chandler OF Boston, have held several confer
Sei few days I ' and il WA, dscided that an sfi"rt
should be made 70 BRING the case up @ aga'n be- be-
before election dNv; Last night one Of MIR. a;
been perfected. and that Judge, Wales had
agresd to grant hearing Snd 1snsr dsc;1n ,ha
week: Among tho seanssi Mho would
spS1 would be- AeT Tni,ed cd States Senator '' Cray OF
Delaware. who ts Mr.. Addicks's political enemy
and has never before accepted retainer from
him. The lawyers for the company say that
they will prove 1t to be perfectly solvent. with
balance, and further that II has paid an indcht-
edness OF 81. 900, 900 during the past wear and
haif. Suit will.be begun al once, they sayagathst
VIM. Buchanan for damage to the cOnliany's
property. and later suit against ex-senator
Higgins and several Boston lawyers ana stock
brokers for conspiracy. Several specu!ators In
the stock. It is SAID will be inclided IN this suit,
One OF Mr. Addicks's friends a stock holder In
the company. said that one reason why the ap-
pointment of receiver at this time was so un-
fortunate was that on Nov. / the company
expected TO enter into deal involving
millions. and that the appointment made 1t i'm:
poss bs for the directors to hold a meeting and
rAtify tho contracts. lie also sn!t thnt OF
Thursday night the officers Of the company
offered to buy Mr.. Buchannn's stock at Il fair
price, but he wanted S23j.O FOR II. and
when they refused to pay 30 much remarked
that, wei. A ldicks can't be senator, then"
PHILADELPHIA. Oct L.. Judge Dallas to-day
made an order in the United States Circuit
Court granting AN ncilary receYership ip to take
charge Of the property IN th.s state OF the Bay
State Gas Company OF Delaware. He named
the receivers appointed In Delaware.