The record-union., 1898-01-29
PROPOSED BIG LITIGATION.
GROVE L. JOHNSON is ON THE
WARPATH.
He Demands That the Union b. and
L. Association Sue to Recover
It's Securities.

Yesterday the following notice was
served on the directory Of the Union
Building and Loan Association by an
agent of Hon. Grove l.. Johnson. If the
suits demanded by him be not brought
by the directors, the presumption is that
similar actions will be instituted by Mr..
Johnson. The notice to the directors
reads:
To B. U. Steinman, L. Tozer, t. r.
Jones, George G. Locke, T. w. Hunt
ington, James McCulloch, l.. Hebron
and Peter Flaherty, as individual direc
tors, and as the oBard of Directors of
the Union Building and Loan Associa-
ton:
You and each of you will please take
notice that l am a stockholder in the
said Union Building and Loan Associa-
ton, and that l hereby request you to
commence Immediately suit in the pro-
per court for and on behalf of the said
Union Building and Loan Association
and its stockholders against B. q. Stein
man and the other officers and directors
of said association, who ordered and
directed the redemption of the sixth
sociation, to recover from them and
each of them the sums of money paid
by the said Union Building and Loan
Association pursuant to the order and
direction of said persons claiming to act
as directors of said Union Building and
Loan Association, for the said redemp-
ton of the said sixth series of the capi-
tai stock of said Union Building and
Loan Association, and that l hereby re-
quest you TO commence Immediately suit
in the proper court for and on behalf
of the said Union Building and Loan
Association and its stockholders against
each and every person who re-
ceived the same, the sums of money by
them and each of them received from
said Union Building and Loan Associa-
ton in redemption of the sixth series of
the capital stock of said Union Building
and Loan Association, by them held,
and that I hereby request of you to COM
mence Immediately suit in the proper
court for and on behalf of said Union
Building and Loan Association and its
stockholders to annul and cancel the
note or notes or other evidences OF in
debtedness of or against the said Union
Building and Loan Association now held
or owned by the National Bank of D. 0.
Mills & Co., and the Farmers and Me-
chanics Bank of Savings, and to secure
the transfer and delivery to said Union
Building and Loan Association of any
and all securities or property belonging
to said Union Building and Loan Asso-
citation and now held by said banks or
either of them as collateral or other Sc
curity for the payment of said or any
note or notes, or other evidences of in
debtedness of said Union Building and
Loan Association.
And I hereby request you to COM
mence Immediately suit in the proper
court for and on behalf of the Union
Building and Loan Association and It's
stockholders, against B. u. tSeinman
and all other persons holding or claim
ing to hold note or notes or other
evidences of Indebtedness of or against
said Union Building and Loan Associa-
ton for money claimed to be due from
said Union Building and Loan Associa-
tion by reason of the redemption or
claimed redemption of shares of the
sixth series Of the capital stock of said
Union Building and Loan Association to
cancel said note or notes or other evil
dences Of Indebtedness Of said Union
Building and Loan Association, and to
declare that said Union Building and
Loan Association is not indebted to said
3. y. Steinman, or said other persons in
any sum whatever.
And l hereby request you to COM
mence suit Immediately in the proper
court for and on behalf of the said
Union Building and Loan Association
and it's stockholders against B. U. Stein
man and the other officers and directors
of said Union Building and Loan Asso-
citation who were such directors and Of.
ficers when a loan made by said Union
Building and Loan Association to one
W. 0. Brown was permitted to outlaw,
to recover from them and each Of them
the amount lost to said Union Building
and Loan Association by the said loan
to said w. o. Brown, and by the same
having outlawed and that / hereby re-
quest you to intervene Immediately for
and on behalf Of said Union Building
and Loan Association and its stockhold-
ers in the action recently commenced by
3. L. Steinman in the Superior Court Of
Alameda County against E. X Alsip,
and others, and to contest the claim of
said Steinman and against said Alsip.
and to assert priority for the claim of
said Union Building and Loan Associa-
ton against said E. X. Alsip.,
GROVE L. JOHNSON.