The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1897-06-16
ELECTRIC ROAD IN TROUBLE.
Row within the Company and Suits
Started against 1t.
From the Benton Harbor Palladium:

Row Within the Company and Suits
Started against 1t.
From the Benton Harbor Palladium:
An Injunction has been issued upon
application of Henry ID. Dean, Andrew
Ii. DEAN and John S. Moats, officers
and stockholders of the Benton Harbor
Electric Railway and Transit Co. (the
tunnel scheme) against John w. Hamil-
ton, Charles G. Davies and VIM. II.
Hollis, also officers and stockholders of
the proposed electric railway, restrain
! ing them from selling any of the capt
tai stock, except their original sub
| scriptions of 100 shares each; from can
ceiling any contracts made with any
company for construction work or
otherwise; from paying note of Sl0,-
900 10 Sidney j. Davies; from convey
ing, transferring or removing any of the
property Of the company, books, rec
ords and papers; from making any con-
tracts under the name of the company
and from doing any act as board of
directors.
The bill of complaint states in sub
stance that on Jan. l3, 1897, corpora
ton was formed by Henry d. Dean,
Andrew II. Dean, John S. Meats, j
Hollis and John l.. Dean with a capt.
tai stock of S650,000 divided into 8, 500
shares of par value of 800 each; that
the plaintiff had expended 5000 secur-
ing right of way, surveying, etc, and
that the defendants have expended no
money:
1t further states that all of the books,
records and papers of the company are
in the hands of the defendants and that
as far as the complainants know the
stock is divided as follows: Ii. d. Dean,
/ 1887 shares: w. II. Hollis, 1897 shares;
j. w. Hamilton. l, 3S7 shares; Chas. G.
Davies, 1887 shares; John 5. Meats,
100 shares; A. II. Dean, 200 shares;
John l.. Dean, 100 shares; w. IL. Eel
ter, 800 shares; - Griswold 100
shares; and treasury stock, $50 shares;
and that defendants have not paid for
their stock; that all the company has
to show for the stock issued is not ex-
ceeding in value $4,000, consisting of
right of way, road bed and real estate
held under contracts and grants of
rights of way by municipalities, and
that all of said property that had been
paid for has been paid for by the stock
issued to--Griswold and the plaintiffs
and that the undlsputed Indebtedness
OF the company at this date is s25' GOO
There has been trouble in the COM
pany for some time past and it has been
intimated on several occasions that
there was an effort on foot to Greece
out" Mr.. Dean, the promoter, and
other officers of the company, and this
is the probable cause of Mr. DEAN and
the others securing the injunction.
The bill of complaint also states that
they owe $685. 900, but it is not known
whether in this amount there is in-
which the b. IL. & +. owe TO poor
working men, boarding house keepers
and business men.
The b. II. & +. r. r. (the tunnel
scheme) is to be confronted with MOI e
trouble in few days. The latest
trouble will be suit instituted by At
torney Sears in behalf of Geo. F. Mar
tin, who has a bill of $500 go against the
road for labor. Mr.. Martin was city
engineer of st. Joseph when the tunnel
scheme made its appearance and, think
ing the company would do what the Y
said they were going to do, he resigned
his position where he was sure of his pay
every month and accepted one with the
railway company. He worked for
them in the capacity of surveyor until
last winter, when he found it was i'm.
possible to get his money, and quit
In all the time he was employed he
only received about SS in cash. Mr.
Sears has accounts against the company
aggregating 81, 300 in his hands for col.
lection and it is possible that he will
figure conspicuously in the injunction
suit, which will be heard June II.