The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-12-02
SUES FOR
HUNDRED
MILLIONS
Huntington Estate
Attacked In
Courts.
CENTRAL PACIFIC
STOCKHOLDERSACT
Stanford, Crocker and Hopkins
Heirs Likely 10 Have Their
Share of Litigation.

NEW YORK. November 24.-What
will probably be the biggest lawsuit
ever brought in the courts of the
United States from the standpoint
of the amount OFFS money involv-
ed, has been begun in an action
brought by Walter Morsehead, repre-
senting the minority stockholders of
the Central Pacific Railroad, to recov-
er more than $1O0,o00,00O from the es-
tate of Coils p Huntington, which
sum the plaintiffs declare the stock
holders of the Central Pacific were de-
frauded of by the Vaccinations of
Coils P. Huntington, Leland Stanford,
Charles Crocker, and Mark Hopkins,
known in the gigantic railroad deal
of years ago as the big Four"
The plaintiffs have secured from the
Supreme Court an order to show cause
why the executors of the Huntington
estate should not file an inventory of
the estate, SO that they may know
how many millions they may recover
if the suit is successful, as the entire
Huntington estate would undoubtedly
be swallowed up, whereupon suits
would be begun against the heirs of
Leland Stanford, Charles Crocker and
Mark Hopkins.
According to the complaint, when
Coils P. Huntington and other mem
bers of the big Four" were officers
and directors of the Central Pacific
Railroad, organized to build several
thousand miles of lines, they gave con-
tracts for the contraction of the road
to certain equipment and construction
companies owned and controlled by
themselves.
The complaint, in stating that $780,
100000 worth of bofds were issued by
the United States Government for the
purpose of the Central Pacific, says:
'rIn pursuance of these fraudulent ar
rangements, said Huntington and his
associates, from time to time, delivered
to themselves, through the instrument
tality of said companies, the whole or
the greater part of the $S0,000,O00 worth
of United St8tes bonds given by the
Government to aid in the construction
of the Central Pacific, and likewise the
whole or greater part of the bonds and
capital stock of the Central Pacific
Railroad, to the total value, as the
plaintiff is informed and believes, of
upward of s16s, 600 900, which bonds and
stock were obtained in the pretended
payment to the companies aforesaid,
and the plaintiff is informed and be-
lieves that the construction of the rail-
read, with all it's lines, did not actually
cost more than s6o,0OoOOo."
The complaint continues: And as
this plaintiff is informed and believes,
said Huntington, from the beginning OF
said frauds and devices herein alleged,
and throughout their pehuehcy' Aoi LIZ
most part directed and managed these
schemes and csnspiracies to plunder
said Central Pacific Railroad Company
which schemes and conspiracies were
consummated, and resulted in the con-
versions set FORTH
Argument will be had before the Sur
rogate on December I'd, on an order OBJ
tained to show cause why the executors
of the Huntington estate should not file
the inventory. Steps are being taken
by the minority stockholders to enjoin
the Southern Pacific from issuing more
bonds on the Central Pacific Railway
With Utah stock as collateral.