New-York tribune., 1901-02-17
NET BY AN INJUNCTION.
rprcAN SMELLING AND REFINING
COMPANY FORBIDDEN To IN
CREASE ITS CAPITAL.

-,erial stockholiers' meeting OF the Amer
s,sl-ing and Refining Company. held in Jer-
fAl ,,,, Yesterday morning, a notice OF tempo
.,iunction restraining the company from tax
- .,ior on rhe proposition TO increase its stock
~ sr- o,6 coo 20 Sl0OO0O O1O was served on The
- The stockholders present held - per cent
%. -rox.es IN favor OF the proposed Increase
-. vote 10 take over The plants controlled by
a. cnereu helm s sons was abour 20 De taken when
: restraining order was served. The meeting At
g adjourned erJii noon, when the stockholders
"a directors or - company reconvened. Several
-.,rnsvs 0f the corporation hurried 10 ind the
rbsrcel Tor 0r Nice-Chsncellor for the purpose OF
s.,tne the order vacated, but they met with no
.,.,sss A. -5o O'Clock the meeting was again
ND 10 order. The nature OF the discussion which
-s,ed uas not divulged
The plaintiffs IN the injunction case with the
amount of tha shares II is aueged they represent
- william n. Donald 100 shares. S Y White
.so shares A. Sartorius 800 shares. and William
p Curtiss 500 shares. The last three names. II Is
sd do uat appear on the transfer books II the
,ouluany. The restraining order was obtained Gay
before yesterday from Nice-Chanceuor Stevens.
A hesrinE is set Tor next Tuesday before Vice
l-hancellor stevens OF NeW-Jersey. The order was
.eryed by Mr.. Faulks Of Lindabury Depue q
Faulks attorneys Of Newark
The plaintiffs say that they are not satisfied
with the terms OF the GuEgenheiTn proposition.
They urge that they are unwilling that = gigantic
monopoly In the business OF smelling and refining
sold and silver ores IN this country and n Mexico
b. formed. They allege that such a monopoly
would surely bring upon the company all the wrath
Of the ant-trust laws Of the United States. All
davits attached 10 the complaint allege thar when
The last statement OF the Refining company was
issued on January l. 1901 the capital OF the corpO-
ration was considerably impaired The plaintiffs
further state II is reported that the properties Of
n GugceEhe.u S Sons have not value exceeding
slO000uUU wE.le IL is proposed 70 make the pur-
chase by issuing new stock az the Refining com
pany 70 the extent u Sl0o0o.oo0 or a bass OF ~
Der cent Tor the preferred and 80 per FOR the
common stocks.
ing Company. in cIcu4ar 10 It's stockholders,
recommended thar the capital stock Cf the company
b. .-Creased from So ouU00o 70 10000 90 these
addit0naI millions, together with The uuissued
and onr-half common. 10 be usec IN Uiriug the
Guggenheim property. II was hiuted yesterday
a. quarters that the real oustrUcuouisJs IN
the transaction interests closely Identified WITH
the Standard Oil Company. Several days ago. after
The directors Of the company had agreed 10 the in
Grease r. n- Rogers ana Leonard LeWisOhu re-
sgnr.i from the directory. because, was then re
ported. or dispute as 70 the selling agency for
The product OF the GuEgen helm sulerars. The re-
trng members. u was believed. wished 10 market
III product ~ The liGggenheIm WORKS through the
United Metz Selling Company. which concern
Is known 20 be- closely allied 10 the Standard OH
Company.
Another reported reason for ire eujoinirg OF the
ReruirE company tlat tile -uisslled $40 2it1 Uspl
persons 1t the cOmpaDy-tLar Is interests not IA
any way related 10 OF friendly 20 The Standard OH
49, ~ tlso4s Nl-lcA nave betn advanced
= aceoll-- l'f Iile new rupture are thar attempts
have been made by The Refining CornpRny 10 sbro-
gate certain contracts already made through the
United Metals ssl!ng Company.