The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-09-28

Times for the sum of sos 600 and that
Chrisman intended to organize a cor
poratfon to manage and conduct the
property with a capital of 5000 900; that
he had arranged to have S132.O00 of the
capital stock paid for in cash. Out of
the cash amount of the capital stock,
SlO5, 200 was to be paid to the former
owners of the paper, leaving a balance
OF S27 900, which was to be used in the
business
The petition recitess that Groves rep
resented to Senator Stone that Judge
Chrisman had paid in 1000. and that
he (Groves) had paid in $1,000, and A.
A. Lesueur $4,000, making SS2, 900 OF
the stock of the corporation. thereby
giving them control of the property.
Senator Stone declares that Graves said
Chrisman, Lesueur and himself were to
act together, and with that end in view,
they proposed to pool all Of their stock
and that the proposed capitalization of
5000 600 would be apportioned pro rata
among those who had subscribed the
1892 600 in cash. and that this would
give them control of a large majority
of the stock.
Senator stone further alleges. that
Groves told him that Judge Chrisman
had been obliged to take $4,000 more of
the capital stock than he had first In
tended because some one else had failed
to meet his subscription. He says that
Groves asked him to take part of this
$40, 900 off of Chrisman's hands Senator
Stone says that he then inquired OF
Groves who had subscribed for the re-
manning $500 of the $4,000 sub
Ecribed in cash Groves said he did not
know who the other subscribers Were,
except John Sullivan of jefferson City,
who had subscribed a small amount as
an accommodation to Lesueur, but that
Chrisman had said that the other sub
scribers were business men and his
friends. residing in Kansas City and In
dependence, Mo Relying upon these
r-er, nj a Ear for CO. hal
he agreed to take $1,000 of the $50 00U
Chrisman was Obliged to take and as a
matter of accommodation to Chrisman
he advanced $1,000 more. with the I'M
Outstanding that the stock issued in
payment of the last $1,000 should be held
jointly by him and Chrisman until the
same could be disposed of to the salts
faction of both of them. but if Il was
not disposed of within sixty days, then
Chrisman should repay to him one-half
OF the amount. or 81. 500. Stone says
that he then paid $4,000 to Chrisman.
In January or February, 1900. Stone
says that he came to Kansas City and
then learned for the first time that a
part Of the stock of the Kansas City
Times belonged to these corporations:
The METROPOLITAN Street Railway com
The Missouri & Kansas Telephone
company.
The kansas City Stock Yards COM
pany.
DlilABlOn IlIllWdN company.
Senator Stone says that in April or May.
300 he was advised by Lesueur. managing
editor OF the Times. that q representa- e
OF the corporation stockholders had prac-
Ideally taken charge and control of the
property. He declares that he was then
informed for the first time by Lesueur
and Chrisman that the said corpora te
stockholders in fact held and owned from
the beginning the majority OF the stock of
the Kansas City Times. and that instead
OF Groves. Chrisman and LeSucur owning
2 majority of the stock that in fact they
hold less than one-third of il.
In 1901 Stone says that Captain Lesueur
was discharged as managing editor with
out his (Stone'sl knowledge: that the
agreement to pool the stock was not kept
and thar he never received a certificate of
stock. None of the agreements. he saws.
has been kept. He asks for judgment for
10000 with interest at per cent from
November %. 1893
In the second count of the petition Sen
ator stone as rs $3.50 for The reason that
Chrisman agreed to return that amount to
him provided $500 subscription Of stock
was not sold within sixty days after II
was subscribed for
Judge Chrismau said last night: The
statements made in Al. Stones petition
are false. | DO not care TO discuss them
now. What ] did With the Kansas City
Times Is public history; what Mr.. Stone
wanted to do with the Kansas City Times
is a chapter yet to be printed. 1t can be
heard at the trial of this case