The age-herald., 1898-08-24
JOSEPH w. BURKE OF MOBILE
Appointed by Judge Bruce @ Petition of
 John \. James.
ANOTHER CHAPTER IN LITIGATION
Between Shareholders for Possession of Valuable Property-A Petition Filed
 in Chancery to Restrain Dissolu-
 ton of Corona Coal Company.

Another move has been made in the liti- gation between the stockholders of the JaspergTown and Lands, limited, for the control of valuable property owned by the foreign corporation in this state.
 On the petition of John A. James a resi- dent of the city of New York and stock holder of the company, Judge John Bruce of the United States circuit court has ap- pointed Joseph W. Burke, collector of the port of Mobile, receiver for all assets of the Jasper Town and Lands, limited, in the United States. The defendants in the cause the Jasper Town and Lands, limited, James Herbert Bartlett, the Jasper Trust company, the Corona Coal and Coke com pany J. B. Shields J. M. Cranford, R. K Little and N M. Davidson are cited to ap- pear in court on the 10th day of Septem- Der to show cause why the recevership and injunctions prayed for under the peti- tion should not be made permanent.
 Receiver Burke in turn has filed a bill In the chancery court in this city against James Herbert Bartlett J. B. Shields J. N. Cranford, R. K. Little, N. M. Da- vidson and the Corona Coal and Coke com pany praying that a writ of injunction be issued restraining and enjoining the de- fendants' officers, agents or attorneys of the Corona Coal and Coke company from further proceeding the dissolution of said company and that on final hearing the or der be made perpetual, and further pray Ing that all orders, judgments and decrees heretofore passed be set aside and a decree issued against the dissolution of said Co., roma Coal and Coke vompany and that the petitioner be appointed as receiver. thus recognizing him as such receiver under the decree of the United States court.
 Make Sensational Charges
 The petitions are both voluminous doc uments, and allege to set forth a state- ment of facts that are sensational in the extreme, charging that the action of J. H. Bartlett in seeking to dissolve the Corona Coal and Coke company is totally illegal and fraudulent and is designed for the pur- pose of having the said Corona Coal and Coke company's property sold under a de- cree of the court so that he and his asso- ciates may buy 1t in at a greatly depreci- ated value and to the absolute loss and in jury of the stockholders of the Jasper Town and Lands Limited. and especially of the stockholders residing in America and out side of the state of Alabama, whom it is alleged own 29, ,339 shares of the capital stock of the said company.
 Organized in London
 The petitioner, John A. James, alleges that he is a stockholder in the Jasper Town and Lands, Limited, and owns 1,45o
  says that the company was organized in London, England, in 1890, with a capital stock of 200,200 shares of the value of one pound English money each, 100000 of which are ordinary and 200 founders shares. That he purchased at various times 1450 shares, and that an assessment of 20 per cent on part of the shares remains unpaid, owing to the condition of the defendant company which is involved in litigation.
 That the Jasper Town and Lands, Linn ited, own four-fourths of the entire capital stock of the Jasper Land company, which owns about 4,000 acres of land in and ad- joining the town of Jasper, including 5000 lots in the corporate limits of the town, and that the capital stock of the said land company is $5OO,OOO.
 The entire property of the Corona Coal and Coke company, which owns 18,6OO acres of coal lands and is capitalized at $1, ,50O, 900, of which $1,00O,000 has been issued.
 About 20,00O acres of long leaf pine tim-- Der lying east of the town of Jasper
 About 10000 acres of choice cokfng coal lands lying south of Jasper.
 About POGO acres of choice brown hema- tite ore lands.
 I.A s,, deposlt in a national bank in New York city.
 Balance Unpaid
 The petition further alleges that J. N. Bartlett, the agent of the Jasper Town and Lands, Limited, has so conducted the affairs of the corporation that large num- Der of suits which are enumerated in the petition have been filed or threatened against the company to the detriment of the stockholders.
 The petition sets forth that the Jasper Land company and the Corona Coal and Coke company were acquired by purchase on which there remains a balance unpaid. and that the Jasper Trust company is a creditor of said corporation.
 The petitioner prayed that a receiver be pOooCoo1otft control of all assets. rights and property of said defendant corporation lying in the state of Alabama, and in the city of New York and elsewhere, wherein the United States of America, may be ascertained and to bring such suits as in law and in equity may be necessary for acquiring possession of same, and shall hold control and administer such assets under direction of the court with full power, and authority vested in said receiver in control Of the Corona Coal and Coke company. The Jas per Land company and the Jasper Trust company
 The petition was filed by Touipkins and Alston solicitors for the defendants and together with several exhibits was present < k,SS ks@'s Pick Leaf smo4Eas sais Tonaoeo is the best of the hest- ounces and