Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-03-17
AN INJUNCTION ASKED.
Receiver Asked for Newport News
Abattoir Company
Minority Stockholders Move Against the
Majority Stockholders In tho United
States Court bankruptcy Case To
Tako Charge of Business.

The Newport News Abattoir Com
pany, Incorporated under the laws of
New Jersey. and capitalized at $780,
600, has been thrown into litigation by
the minority stockholders, who have
secured an Injunction against e. S.
Palmer, holder of the majority Of the
stock, enjolning him from voting upon
or in any way disposing OF the same.
The bill for Injunction was filed in
the United States Court here Thursday
and temporary Injunction was grant.
ed by Judge Waddill Thursday night,
the Judge requesting that the papers
refrain from publishing the matter I'M
til notice of the injunction was served
upon the representative of the Defend
ant at Newport News.
The Injunction was asked for by
George II. Schmelz, banker, of Hamp
ton; j. NJ. Curtis, of Newport News,
and William II. Smith and james D.
Cochran. of Philadelphia. 1t restrain
ed the Newport News Abattolr Com
pany from meeting in Camden, n. j.,
yesterday and also enjoined Palmer
from voting upon or in any way dis
posing of $4,000 shares, representing
100000. of the company's stock
The Newport News Abattoir Com
pany is new concern, having been nr-
ganlzed less than a year ago. 1t con-
ducts large stocllyards and an abattoir
near Newport News. George a.
Schmelz, banker of Hampton, Is now
president of the company.
TRANSFERRED LAND.
When the company was organized,
the plaintiffs in the injunction suit
aver that deal was entered into by
which z. S. Palmer was to deliver to
the company large tract of land near
Newport News upon which he held an
option and in return was to be given
$1,000 He thus became the majority
stoclSholder. Plaintiffs further allege
that the option on the land proved to be
practically of no value The stock
holders met on the 9Th instant at Cam
den. N. j., and it is alleged that Palmer
agreed at that meeting to turn over
to the company the stock held by him
under the deal, as stated above.
HE IS THE COMPANY"
He never kept this promise. 1t Is al
legged. and being himself "the company"
to all intents and purposes, he had
called a meeting OF the stockholders on
the 18th instant for the 10th Instant,
being yesterday. This. they claim, was
illegal, as the bylaws say that notice
of meeting shall be given five days
previous thereto.
Messrs. Schmelz. Curtis, Smith and
Cochrane further allege that the in
tention OF Palmer Is to use the majority
stock, Illegally held by him. to dictate
the policy of the company and name
It's officers and directors. They want
no meeting held until Palmer Is COM
PEELED by the court to return the $780,
900 in stock
The case will be heard on It's merits
by Judge Waddill on April 18th In the
meantime there can be no meeting of
the stockholders. and when the case
comes up in April, il the plaintiffs
sustain their allegations Palmer will
be compelled to turn over the stock
held by him. The plaintiffs ask for A
receiver to take charge of the COM
panys affairs.
BANKRUPTCY PROCEEDINGS.
The involuntary bankruptcy case Of
r. b. Cornick & Co, OF Norfolk, was
continued from yesterday until next
Wednesday a special jury will try
the case.
Judge Waddill appointed ]. C. Baker
to take charge of the business of S. 3.
Wiley, Newport News bankrupt.