The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-11-02
Mr.. Addicks Now Withdraws
From the Presidency OF the
Company But Is Rep
resented in Its
Board OF Dlrec-
tors.

against In Equity.
Bay State Gas Company.
Defendant.
On reading and filing the annexed con-
sent 1t is ordered that this suit be dis
continued without costs to either party as
against the other.
1T is further ordered that the order en-
tered herein on October 10. 1896, appoint
ing Dwight Braman, Esq. and j. Augustus
McCaulley. receivers of all the property Of
the defendant, the Bay State Gas Company.
within the jurisdiction of this court, be
vacated, and that the bonds filed by said
receivers on the 18th day of October. 1886,
in the penal sum Of twenty-five thousand
dollars each. be cancelled. and the surettes
thereon discharged.
1t is further ordered that the said Dwight
Braman and J. Augustus McCaulley de-
liver to the defendant, the Bay State Gas
Company. any and all property. books,
contracts, certificates Of stock, or other pa
pers which they have received as such re-
cCivers.
1t is further ordered that the injunction
restraining the creditors. officers. djrec-
tors and stockholders of said corporation
lTOH Interfering WIN tLt pI'ptl " - Dpph9I
papers and other assets Of said corporation
within the jurisdiction Of this court be also
vacated,
Dated october 81, 1896.
L. z. Wales, j.
The consent referred to in the above
order is as follows:
We hereby consent to the entry Of the
foregoing order,
Dated New York. October 81. 1896.
Anthony Higgins.
Solicitor for Complainant.
Roger Foster.
Solicitor for Receivers.
H. II. Ward
Solicitor for Defendant.
Everyone identified with tho suit except
Mr. Higgins was present wien the dcci-
sion was handed down.
Now that tho suit has been won by Mr..
Addicks different and unfair coloring
has been put upon it by Mr.. AddiCks' enc.
mics. They say the decree was in his
favor only because he should retire from
the presidency of tho company. But us u
matter of fact Mr.. AddiCks had contem-
plated reslgning long before the suit was
brought as he intended to remain in poll
tics and therefore could not givo the time
to the business 1t called for
The Standard Oil Company takes con-
troll of the Gas Company. 1t will be re-
mcmbercd that such Il deal was in pro.
grtss long before the suit was brought.
Mr. Addicks, however, will be represent.
cd in the board OF directors Of the new or
gnnization. As Il result of the compromise
Mr.. Buchanan is to be reimbursed for the
bond of 100000 held by him against the
Bay State Gas Company, and also for
$4,000 worth Of stock he holds in the cor.
poratiOn. The exact amounts paid Mr..
Buchanan was not made public, but his
attorney said that they We're very satisfaC-
tory.
Mf,. ADDICKs SIDE OF THE STORY.
Mr.Addicks declared yesterday In an in
terviuw that he was not only not out of
politics, but that the fight in Delaware
from this time on would be wugcd with q
vigor that would by comparison make the
former efforts on his part seem focble, and
he predicted that the electoral vote of The
State of Delaware would this ycarbe count
cd IN the Mckinley column.
His retirement from tho presidency of
tho Bay state Gas Company, together with
the present directory, was not, he said, the
result of The rccGivership or any Complica.
tions Immediately preceding or following
it, although ho admitted that his retire.
b
for some months efforts and negotiations
had been in progress to induce certain
members of tho Standard OH Company,
which has large interests in the bay State
Gas Company, to enter the directory.
Mr.. AluiCks realized, he said, for some
time that it was unfair to those beside
himself who had largo Interests in the Lay
State Gus Company that these interests
should be open to attack and criticism by
1. a,
tics and that he must either retire from
politics or turn tho management of the
gas company over INTO other hands. OF
the two alternatives he said, he chose to
remain in politics, and to that end had
for several months bcUn making an effort
to induce certain members Of the Stand.
ard Oh Company to enter the directory.
The suit entered by William Buchanan,
Of New York, against the company had
but strengthened his determination and
Drccpitatcd his retirement,
He denied absolutely that the abandon
mcnt of the rrcciver,hip proceeding was
the outcome Of an agreement whereby Q
and his present board of directors were to
retire from the Bay state Gas Company
and that buchanan was to be paid the
amount Of his claim.
TO complete the negotiations pending to
induce the standard Oil representatives. to
enter the directory 1t was necessary to pur-
chase the bonds and stock held by Mr..
Buchanan, and this had been done at u
price that would in time admit of fair
margin of profit. He said he still retained
"a controlling interest in the company uul
his two brothers, who had managed the
company IN Boston, would still continue
in that position, and that indirectly he
would have "a voice IN directing tho affairs
of the company, The relations between
4