Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1900-03-29
"A Big Suit Has Been Filed
in New Jersey.
ALL OVER A CONCESSION
Plaintiff Says 1t Had Rights in Hon.
duraS Which Have Been USurped
by the DefendantS-H0W the TrOu-
bic Came to Arise.


States court Of the third district bill of
complaint by the Honduras company,
corporation of the state of Georgia, COM
plainant, as against the Honduras syndt-
cate, a corporation of the state of New
Jersey. The bill sets up that the Hon
duras company was incorporated in Geor-
gia on Dec a, 1894, and that the Hondur-
as syndicate was incorporated on Dec.
80, 1896. The bill affirms that, warranted
by assurances from ultimate officials in
Honduras, the Honduras company was
real and personal, in Honduras, to pos
sess and enjoy all the rights, power, fran
chises and provisions necessary to enable
the company to manufacture or construct
public or private departments for the de-
of it's properties and in full
fillment Of its obligations with the Hon.
duras government.
The bill affirms that as a part of the
plans of the Honduras company, it was
projects referred to- fund the large public
indebtedness Of Honduras, and that, pur-
suant to such design, the commercial
bank Of Honduras was organized in Aug
ust, 1896. LIE
The bill further sets forth that pursuing
its nlans and In line with an UNDER
standing set UP with the officials of Hon
duras there were organized under the
laws of the state of Georgia eight sub
sidiary companies for the promotion of
homestead and land rights, for the
Of lumber for the pro-
secution of metal mining. for the ex-
tension Of railways, for the establish
ment of sinking fund and for the i'm
provement of harbors. Under these SUBJ
sidiary ompanies the bill sets forth that
the public debt of Honduras, amounting
to more than $S0,000.000 was designed to
be refunded, that the inter-oeanic rail-
way of Honduras, from the gulf of Mex
leo to the bay of Fonseca, was to be COM
pleted over a distance of more than 200
miles at an estimated cost Of $8, 900 900;
that. cooperating with the government
OF Honduras, the Honduras company
would have part in the collection of the
customs revenues and that several hum
dred thousand immigrants We're to be
brought into Honduras.
The ground of the bill rests in the al
legation made therein in effect that per-
sons to whom. in the prosecution of it's
purposes the Honduras company has con-
AIDED its plans and possibilities had, it is
affirmed. in the bill. taken advantage of
this knowledge and information and had
sent persons of their own selection to
Honduras to procure a contract from it's
government in their own interests and
in the interests of the Honduras syndi-
cate, which Is made defendant by this
bill.
Allegation is made in the bill that these
persons so sent to Honduras in April, 1897,
procured and entered into a contract for
the Honduras syndicate with the govern
ment of Honduras to perfect plans and
accomplish purposes inaugurated and
aimed at by the Honduras company and
that the Honduras syndicate, incorpor-
ated with a capital of $500, 900, substituted
itself for the Honduras company to
achieve and secure the advantages and
emoluments designed by the Honduras
to be enjoyed by itself.
The bill sets up claims by the Honduras
company that the contract made by the
Honduras syndicate belongs of right to
the Honduras company and that the syn
dicate has no right there to or therein, ex-
cept as an equitable trustee for the Hon |
duras company.
The Honduras company. therefore, in
this bill. asks that the Honduras COM
pany be directed by the courts to hold
said contract between itself and the gov
ernment OF Honduras for the benefit Of |
and as trustee for the Honduras COM
pany and the bill asks that the syndicate |
may likewise be decreed to account tn !;
the Honduras company for the profits or (
1t may have received under
and. by virtue thereof and that it NAV he |
directed to transfer to the Honduras |
every beneficial interest of the !
Honduras syndicate in such contract: the
bill affirming the readiness of the Hon |
duras company to take over and perform
everything on its part in the premises |,
that equity requires.