Evening journal., 1903-10-19
TO SERVE WRIT
IN LOBDELL CASE
Argument Will Be Heard on
the First Monday in
December
TRUST CAPITALIZED At Ss,0OO,U0O

Service Will probably be made today on
the Lobdell Car Wheel Company in the
suit brought against the firm by Percy
II. Brundage OF New York. The Evening
Journal published an exclusive story OF
tho suit on Saturday and according to the
papers filed the complainant prays that
tho defendant company be compelled 20
comply with the agreement made by 81
with the complainant.
The bill Of complaint alleges that the
Lobden Car Wheel Company entered into
an agreement win Percy II. Brundage
10 accept the offer mcNa by the latter for
the purchase of the good will and real es-
tate Of the defendant company. This
agreement is said to have been made on
June . and on June . the complainant
notified the defendant company of its
election into the National Car Wheel
Company. September "a being fixed as the
limit TO the time IN which a settlement
could be made
Prior TO July 16, the bin alleges, copies
Of this agreement were sent to the follow
ing companies: New York Car Wheel
Works. keystone Car Wheel Works
Maryland Car Wheel Works, Rochester
Car Wheel Works Cayuta Wheel anl
Foundry Company, Ramapo Car Whee.
Company and the Mahen Wheel ant
Foundry Company. on September % IN,
complainant secured incorporation undcl
the laws OF New York for the Nationa
Car Wheel Company with an authorize,
stock of $9.OOO000. consisting of S3.25000
in preferred stock and s5,75o.OOo in common
stock.
Appointed Appraiser.
On June "A the bill alleges that William
W. Lobdell was appointed one of TN
Board OF appraisers of the National Ca
Wheel Company and that he remained OF
the board and attended meetings unit
September IA exclusively. on this date ~
resigned and his successor was appointed
Prior to September % the complainan
lalleges that the Board Of Appraisers de
itermined chat the defendant company
was entitled 10 receive S27i.O0O m pai
value of frsi mortgage bonds of the Ma.
ltional Car Wheel Company; S50S. 600 I'm pan
value of It's preferred stock, and S597, 400 OF
its common stock.
Failed to Appear.
On September l9. the complainant ad.
dressed letter to the defendant com.
pdily lhdl ne Woulu De prepared TO re-
ceive the deeds. assignments. agreement.
and other instruments Of the defendan
company and deliver the consideration
or purchase price agreed upon. for ih'
defendant company's good win and plant
The time and place decided upon was ]
o'clock. September a. at the office o
Masten and Nichols. No. 4s Wall street
/ The complainant declares the defendan
company did not appear az that time an
has refused wholly to the present timi
to turn over to the National Car Whe'
/ Company, ITS deeds, assignments. etc.
4 Attached to the bill of complaint is
resolution passed BY the directors of tf
, Lobdell Car Wheel Company In meear
, held on May 2 lasl. deciding to accel
agreement relative ITO the purchase
the firms plant presented by Percy i
Brundage. on May 4. two days later
meeting Of stockholders of the concer
was held and the resolution adopted b
the Board Of Directors approved.
4 Service IL The case win be made re
turnable on the first Monday in Decem
Der.