The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1898-08-12
THE BAY STATE !.
GAS COMPANY.
A Stakeholder Asks that a
Deed OF Trust be Set
Aside and the
DELAWARE CO. RESTORED
To the Control of Massa=
chussetts Corpora
tons. Suit En-, "a
tered in the
UNITED =, STATES COURT.

UNITED STATES COURT. d
The Bay State Gas Company is in trou-
BILE once more. Frank G. Jones, of Now
York. has entered suit III tho United States
Court against tho company asking that
deed Of trust executed by the Company to
Henry H. Rogers, Frank w. Whiterldge
and John G. Moore be set aside
The suit Is brought against the Bay
6tats Gas Company of Delaware, Of
which J. Edward Addicks is tho presi-
dent, The Mercantile Trust Company of
New York, tho Bay State Gas Company
OF New Jersey, Henry H. Rogers, John
q. Moore and Frank W. Whit"rilge, tho
Boston Gas Light Company, the South
Boston Gas Light Company, the R,x-
bury Gas Light Company, tho Bay Sta,o
Gas Company. Massachusetts; Henry NJ.
Whitney, as president Of the New Eng
land Gas and Coke Company; Robert q.
Pruyn. Stephen Peabody. William l.. El-
klns. William L. Eikins, Jr, William
Finn, Henry p. Dimock, George G.
Haven, Anthony M, Brady, Emerson Nc
MILAN, Richard Olney Robert w. Lord,
Ahneric H. Paget Henry NJ. whitney.
IN iividually and as trustees of the New
England Gas and Coke Company No
time for the hearing has yet bosn liked
The complainant in his bill alleges that
hsis owner of 1900 shares Of sho stock Of
tho Bay State Gas Company of Delaware
and that one of lis principal assets was the
Bay State Gas Company OF New Jersey,
and the stocks of certain Massachusetts
Companies owned by it.
After stating this the bill! goes on to give
the full history of Bay Sta.e Gas opera.
lions. 1t says that about January l. 1889,
J. Edward Addicks and William Il. l..
Dlllaway purchased the stock of the Rox-
bury, Boston, South Boston and Bay State
Co. of Massachusetts, which are known
In The bills as Massachusetts corporations.
On February Is, 1889, j. Edward AdhicEs
and William L. L. Dilaway organized
tho Bay State Gas Company OF NV Jersey
with capital stock of $l,G01,C00, that
company being organized until tn! Bay
State Gas Company OF Delaware could DO
chartered. The S10O00O0 capital stock Of
the New Jersey Company was dvid ed into
10000 shares. Fifty of tho Q shares ere
sold and on February 16 tic Bay State Gas
Company of New jersey gave to Addicks
aud Dillaway the other 20 shares.
After the New Jersey company had been
ORE anized Addicks and Di.laway turnod
over the stock of the various Mas suchu-
setts companies, which they had p urchas-
Cd, to the Mercantile Trust Company
and the trust company issued bonds known
as United Gas bends of the first series, to
the amount of S9,0J0,OUO, ard of the second
series to the amount of S3O0O,0O0, These
Ssada ware sold in tina market una the
money obtained went II pay for the stock
OF the various Massachusetts, corporations,
which Addicks and Dillaway had made q
deal to purchase. -.
After the bonds wsro sold the stock Of
thsMassachusotts corporations was trans
ferred on March IS, 1889, to the Bay State
Gas Company Of New Jersey and deposit
cd with the Merchantllo Trust Company
o. collateral for the bonds, he New Jer.
sey Company having previously issued to
Addicks and Dillaway $995, 90 in its capt.
tai stock.
On April ~, 1889, Addicks organized the
Bay State Gas Company of Delaware, 50.
curing charter from the Legislature, and
on August 8, 1889 Addicks and Dillaway
transferred to tho Delaware company the
$685., COO Of the stock of the New Jersey
Company and ali rights held by tho Now
Jersey Company, which wcio principally
the stock of the Massachuse Is corpora
kons. and in return for the transfer of
the stock of the New Jersey Company the
Delawuse Company issued to Addicks
5000 in ca,h and its own capital stock to
the amount of 81 800 900, and the Delaware
Company assumed all Of the agreements
Of the New Jersey company.
On November ~, 1903, The Bay State Gas
Company of Massachusetts, one Of tho
companies that has been purchased by AID.
dicks aud Diluway, increased its capital
Stock, 81. aOo, cOJ, and all Of TIC increased
Stock was deposited with the Mercantile
Trust Company, with the other stock Of the
same company, which the Mercantile Com.
pany Was hoidingin trust for Tic New Jor
sey Company.
In closing Mr. Jones asks tho Court to
issue an order to prevent the mercantile
Trust Company from giving to any one
subsorvicnt to the New England Gas and
Coke Company proxies to woe On the
stock OF the various Massachusetts com
plnies. He further asks that Mcssrs
Rogers Moore and Whit1idge be relieved
conveying to them he stock Of the New
jersey company, be cancelled, and that the
M1rcantile Trust Company be cnjoined
and restrained from Issuing to any one the
proxies to vote On tho stock held by the
New Jersey company, to any ono cxCop.
named by the Stockholders OF the Bay
State Gas Company or the court.
Further in the history of the deal all of
She United Gas bonds. which had been is
sued Oh the various Massachusetts, corpor-
Rtions, which AddCks and Dil!away had
purchased, were turned over to tho Della.
ware company and tho Delaware company
managed the MassaChuse Is corporations
successfully until about November /, 1886
Tho bill claims that about that date Al-
dicks, as president Of tho Delaware com.
pany. without any consideration, exacted
deed of trust, TRANSFERRING TO Henry II.
Rogers John G. Moore and Frank W.
Whltridge, defendants in the suit as trus-
tees 1000 chares Of the Bay State Gas
Company Of New Jersey, which had been
previously hold by the Delaware company
and formed its principal assets and prop
erty.
: Saturdays and Sundays during August
goou to return until the following Monday
All trains via Market street wharf.
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8 Runaway Boys.
Anthony Hart Reynolds and Joseph X.
.I0af eR, OF No, lUl5 SOUih t,luh tappth vtroat