The age-herald., 1902-02-07

Say They Keep Money of Company On
 Deposit In Northern Banks In
 Their Names and Their
 Clerks Names.
 ~ BILL was filed. in the Chancery
 Court yesterday by c. E. Rob-
 inson, stockholder in the Alabama Steel and Wire Company, against that company ands it's three directors, Everett T. Schuler, George H. Schuler and R. D. Carver, asking that the company be placed in the hands of a receiver on the ground of alleged Encouragement of it's affairs. that an accounting be had and the as sets of the corporation be distributed.
 The bill is filed by MT. Robinson on behalf of all other stockholders who wish to join in the suit. This appli- cation for a receiver is the last step in the litigation between MT. Robinson and the Schulers regarding the affairs of the Alabama Steel and Wire Company and which resulted in Judge W. w. Will kinson of the City Court adjudging the Schulers guilty of contempt of court and ordering them to jail for refusing to obey. an order directing them to allow MT. Robinson to inspect the books of the company.
 ORGANIZATION
 OF THE COMPANY.
 Section two of the bill sets out the hold ings of stock in the company by the com plainant and the defendants. MT. Robin son owns 400 shares of common and 400 shares of preferred stock E. T. Schuler and G. H. Schuler. each own 1425 shares of common stock and the same amount of preferred, while the father Harrison B. Schuler, owns 1850 shares of each class of stock.
 Section three sets out the names of the other stockholders and the amount of stock owned by each. It shows 7523 shares outstanding of preferred stock and the same amount of common stock. Only 3O5S shares of each kind is held by resi- dents of Alabama.
 Sections 4, and tell of the coming to Alabama of Robinson and the Schulers, the location of the plant and the con- tracts for steel with the Tennessee Com pany, the organization of the company and the transferring to it of the site and the contracts.
 CLAIMS HE WAS
 WRoNGFULLY DISCHARGED. Section alleges that Robinson, in Jan uary 1900, was wrongfully discharged from the company by the Schulers, who defeated him for recollection as an officer and director and excluded him from all further business of the company. Prior to this time he had been the vice presi- dent and general manager of the com pany.
 Sections to 12 recite Robinson's efforts to obtain access to the books of the com- pany, the filing of his petition for man. damus, the granting of the writ and the methods which he alleged the Schulers took to hinder and delay him in his ex- animation. and their final trial for con- tempt of court and being adjudged guilty with all of which proceedings readers of The Age-Herald are familiar.
 Section 13 relates the connection of the Schulers and sets out the courts order sending them to jail.
 Section 14 alleges that the complainant has been put to great inconvenience and expense by the actions of the Schulers, and alleges that the Schulers are reaping large rewards from the business of the Alabama Steel and Wire Company, while he as a stockholder gets nothing and his demands for dividends are not granted. ALLEGES VARIOUS
 IRREGULARITIES
 Section 15 sets forth the large sums from various sources which have gone into the hands of the Schulers aggre- gating s2,OOO.o00 and alleges that an ac- count should be stated between them and the company and that they should be required to show that they have legi- timately expended this money and that q decree should be rendered against them for what they owe the company.
 Section 1s sets forth that no proper examination can be obtained by Robin son unless the Schulers are excluded from possession of the books of the com many and that 1t is necessary to place the books and papers in the hands of . receiver.
 Section r sets forth that the books kept since September, 1901, show various irregularities which suggest motives for destroying the books and the bill pro- ceeds in following sections to state these complaints in detail.
 Section IS sets up that on September 1, 1eo1 E. T. Schuler was overdrawn with the company in the sum of s5414s4. and that on September 20, he overdrew his account $12.4sS74 to invest in Mobile and Ohio certificates and that he paid no interest on his overdrafts.
 Section 1s sets up that on September l, 1so1 G. H. schuler was overdrawn s12. s16.70.
 Section 20 alleges that from September i. 1901, to Christmas E. T. Schuier drew out for expenses as president $39s0 which he is asked to account for.
 BORROWED UNNECESSARY
 MONEY FROM FATHER.
 Section 2i alleges that they paid their father H. B. Schuler. at one time $11S.72
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