The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1896-10-17

Wilmington, Del, Oct. 16.-Before
Judge Wales, in the United States circuit
court to-day, ex-senator Anthem HIGGINS
made an application for the appointments
of receivers for the Bay State Gas Com
pany, of Boston and this city, the princi-
pal Office being located here. Judge
Wales granted the application and named
.. augustus McCaulley, president of the
Artisans Savings Bank, this CITY. and
Dwight Braman, of Boston. Mass re.
ceivers. Security in the sum of so5 600
was demanded and will be furnished
later.
Inc appointment of receivers being only
temporary, rule was issued upou the
Office of the company, returnable Noyem-
Der /, restraining them from selling or
dlsposing of any of the company's effects.
The proceedings were entirely ex-parte.
Mt. Adicks not being represented.
The complaint upon which the applica-
ton was based is made by William Bucb-
anan, of New York, Il holder of Bnv State
gus stock TO the extent of 500. 600. Tho
complaint is very long. but in brief q
makes the following charges;
mat the company has not paid any in.
tercst since April, 1888; that the capital
stock OF the company was raised from
81, 900 and that the majority of this
stock was retained by Addicks and his
agents without just consideration and
fraudulently; that the directors and ofli.
GERS OF the company are the creatures of
AduickS and submissive to his control.
that Addicks endeavored to dispose IF
-, 5000 of the stock to the BAY State
Company, of Boston; that but for the
mai administration of Addicks and his
agents the company would have been nav
ing dividends of seven per cent
Inc petitioner further alleges that in
ms opinion the affairs of the company
Will not be conducted In any better man
ner while j. Edward Addicks is in con.
troll. He claims that the company is in
debted to him in the sum of $4,000. =
New York, Oct. 16.-W William Buch-
ahali, Oh New York, who petitioned in
Delaware for II receiver for the Bay State
Gas Company, was tonight served with
an order to appear in the police court on
Monday next to answer to criminal
charge made against him by Camille
| Weidenfeld, of the firm of Lawson e. Wei.
denfeld, of Boston and New York.
The deposition sets forth among other
things that Buchanan has circulated con-
trary to the statutes of the State of New
YORK, false statements, rlmors and incl
ligence in the presence Of Wedenfeld and
others concerning the Bay State Gas Com
pany, of Della ware, stating that it was
insolvent and bankrupt and that the ,.sa,s-
iuent had diverted millions of dollars of
ITS capital stock to his own use An
affidavit was filed by the treasurer of the
bay state Gas Company setting out, uu-
der oath, that the corporation was not in
solvent or bankrupt; that on the contrary
during the present year he paid oil all it's
Indebtedness, mt one time amounting to
over 81 100000, and that mt the present
Tune 1T has only small amount of current.
debts and has cash on hand to II consider
able amount. The treasurer further al
leges that the president has not appropri-
ated any of its capital stock and so far as
the new issue is concerned he has not re-
ceived or owned n single share of it.