Evening journal., 1896-11-02
ADDICKS TRIUMPHANT
The Gas Magnate Beats His
Enemy Hands Down.
STANDARD OIL IS IN CONTROL,
A MIGHTY SHOUT WENT UP
WHEN THE DECISION WAS READ
IN FAVOR OF ADDICKs-TEXT
OF THE DECISION.


IN FAVOR OF ADDICKs-TEXT
OF THE DECISION.
:, Addicks has won. Such was the word
a passed among those interested In the
J. celebrated case of the Bay State Gas
: Company and William Buchanan, on
Saturday. Soon as It was learned that
! Judge Wales would hand down his de-
! cision, the corridors OF the Custom
House were crowded with the friends
OF the litigants and by newspaper men.
When the decision was made public
a great shout from the Addicks crowd
T rent the air. and continued for several
moments. Mr. Addicks was not pres
ent, but when his friends learned that
he had won, at least twenty Of them
rushed to tell him the news.
Judge Wales decision in the case
reads as follows:
Circuit Court, United States. for the
District OF Delaware.-William Bu-
chanan, Complainant against Bay
State Gas Company, Defendant.-In
Equity.
On reading and filing the annexed
consent, it is ordered that this suit be
discontinued without costs to either
party as against the other.
~ 10 luAbhcI oIuefeu Jndt the order /
entered herein on October 10, 1896, ap-
polhtins Dwight Braman, Esq, and J. |
Augustus McCaulley, receivers OF ali |
the property of the defendant. the Raw
State Gas Company, within the iuris-
/ diction Of this court. be vacated and
that the bonds filed by said receivers
on the 10th day of October, 1896. in the
! penal sum Of twenty-five thousand dol
lars each, be cancelled, and the sure
ties thereon discharged.
IL Is further ordered that the said
dwight Braman and j. Augustus Nc
Caulley deliver to the defendant. the
Bay State Gas Company, any and all
property, books, contracts, certificates
OF stock or other papers which they
have received as such receivers.
1t is further ordered that the iniunc-
tion restraining the creditors. officers
directors and stockholders of said cor
poration from interfering with the
property, books, papers and other as {
sets of said corporation within the
jurisdiction Of this court be also va ,
Gated.
Dated October 81, 1896.
l.. e. Wales. ]. {
The consent referred to in the above I
order is as follows: {
We hereby consent to the entry OF
the foregoing order. 2
dated New York, October 81, 1896.
Anthony Higgins,
Solicitor for Complainant.
Roger Foster
Solicitor for Receivers.
II. II. Ward,
Solicitor for Defendant. {
TERMS OF THE SETTLEMENT.
Mr.
one OF the temporary receivers. was {
present. He stated that the conditions )
under which the settlement had been v
effected, all of which, he said. have q
been complied with, were: n
First, that Mr.. Addicks and his di- %
rectors Internationally and unuuali-
hedly resign from all the gas compan- G.
les, including the Bay State Gas Com v
pany. n
Second, that a set of independent and L
new directors be elected to control all Y
the companies. a,
Third, that Mr.. Buchanan. the com s,
plainant in the suit, be promptly paid
every dollar of his claim, which is b
sl35,OO0, and interest, said to amount 81
altogether to about 100000. pl
After lengthy consultation with vi
the lawyers Judge Wales signed a de- re
cree, discharging the temporary re- pi
ceivers. It is asserted that Judge Wales Sc
had prepared a decision in the suit to p,
show why the temporary receivers of
should not be discharged, and that it /
was favorable to the continuance Of the al
receivers. 10y
ADDICKS TO RETIRE. pl
Mr. Adidcks' retirement from the er
presidency of the Bay State Gas Com
Dany was not he said, the result Of the
suit against the company, although he
admitted that his retirement was pre- -,
'ipitated thereby. Mr.. Addicks said he ~
'ealized for some time that it was un-
air to himself and others who had
arge interests in the company, that
heir interests should be open to criti-
ism by reason Of his active participa- -,
ion in politics. He continued Il have ~,
'een thinking the matter over for some -
ime, and OF the two, gas work or poll
les, choose the latter, and intend to III
emain in politics now that / am out Of
he company" d,
STANDARD OIL IN CONTROL pr
Thomas w. Lawson, vice-president M Al
II all Boston gas companies, who has u,
lad charge of the recent negotiations ps
m behalf Of the Bay State Gas Com ae
)any, in statement yesterday, con- -.
rmed the report Of the transfer OF the ~
Addicks interest to the Standard Oil
interests. He said
After volumes Of romancing and
many chapters Of mystery the Boston
'as situation is settled, unqualiiiedly, Dc
bsolutely settled. This magnificent IA,
property, the result Of the genius of ]. he
edward Addicks, was to-day turned az
yer to one Of the strongest aggrega- re
ions of wealth and business brains in ne
he United States, or to be more com 20
lete, to those who yesterday represent gr
he largest interest in the various com az
anies, Messrs. Brown Brothers and cai
he Mercantile Trust Company. repre- gin
ented by F. d. Whiteridge. Messrs. an
Ioore & Schley, and what is known as pu
he Standard Oil interests. Hi
The entire boards Of directors. with Re