New-York tribune., 1900-08-18
LOGAN AND BENEDICT LOSE
REFEREE IN BROOKLYN GAS WAR CASE
MAKES AN ADVERSE REPORT

William G. Choate who was appointed referee
10 hear testimony IN the suit brought by William
! Logan against James G Moore. Henry X.
Rogers. William Rockefeller and others. growing
out Of the famous Brooklyn gas war. has filed his
report IN the Supreme Court The report is a
volurnous affair. Briefly. Mr. Choate recon-
mends that Mr.. Logaz's suits against each and
al of the defendants be dismissed. Mr.. Logan
brought the suit TO try to force an accounting OF
his alleged share Of the profits Of the consolidated
Brooklyn gas companies. which he placed al about
S.01oo0.
Before the consolidation scheme. which Logan
alleges was engineered by the defendants in 1884
che plaintiff was the owner OF 4 great amount
ot stock n various companies. His principal
holdings were in the Williamsburg Gas Company
When the consolidation scheme went into effect
Logan said that he turned over his stock with the
understanding that he TO receive an equivalent
II shares OF the new company Subsequently he
was forced cut. and he brought suit 10 recover
his alleged share Of the profits Of the company.
TIE report Ands n favor OF all OF the defendants
except E c. Benedict Mr.. Benedict and N1r
Logan were jointly interested in the deal. 3Ir-
Benedict having bought 100 shares Of the Logan
holdings n the old company prior to the time the
Consolidation scheme went into effect. Mr.. Bene-
5.ct was named a defendant in MI Logan E
suit
Z h,s report Mr Choate recites the movements
Il the early part Of the consolidation scheme, say
i-g that II December. 1884 the plaintiff and de-
@endauts entered into d plan 10 get control Of
the companies Of Brooklyn and bring them under
g common control This 70 be done by the
purchase OF sl the stock OF the various companies
other than that held by Benedict.
Logan owned or controlled 7.212 shares OF stock
= ole OF the companies Il was agreed that this
was 70 be turned over 10 the new company At a
SPECIAL specified price
After the consolidation the referee hnds that
Logan received stock in proportion TO his sub
sc-ip-ions. 70 receive 4 Is per cent OF the
pro1ts ot the new company. The transfer was
made n November, lSs5. and the new syndicate
vas capitalized az SIS eO000O The cost and ex-
pease we're placed at $4,000 in which the sub
sc-tbsrE were 70 share.
account OF the new syndicate was made up
sn6 presented 10 Logan. He protested the aIlot-
melr made 20 him Then proposition was made
by which the defendants offered 70 give nm Zuto
shares oc the stock OF the consolidated company
tEe rate of SIS share Il was a4so agreed
rEat the money Tor the purchase WoU4o De Ioaneo
&c Logan q the rate Cf per cent per anHun-
The referee finds the defendants are ready and
wiling 10 deliver to Logan his shares under this
agreement, Il he is wiling TO stand his PRO rata
share q the costs and expenses OF the consolGa
non In the report Mr. Ch0ate dismisses the
counter claim made 5y 4. c. BeneCIcJ against
that t1e costs OF the suit should be taxed upon
III. Logan and Mr.. Benedict jointly.
n his report Mr.. Ch1are, while disEn!ssing the
suits that there shall be prejudice against
M Logan bringing another action 70 recover
upon the original allotment under the consolda-
ton sCherns. the rate or Is per cent OF the
profits OF the new company