The Brunswick daily news. [volume] (Brunswick, Ga.) 1903-1906, 1904-08-03
IN CONNECTION
WITH B. ( B. CASE
J. Lee Ensign, of Ensign
Oscamp Co., in the
City Yesterday
WHAT he SAYS OF CASE
In the Bill Filed Before Judge Spec
il is Charged That Minority Stock
holders are Being Trampied
Upon.

J Lee Ensign, manager of the En-
sign-0scapm Lumber Company, which
concern had the sale Of the &. & B.
held UP yesterday by a restraining or
der from Julge Speer, was in the
city yesterday. Mr. Ensign was seen
during the day by a representative OF
The News and when questioned on the
subject he said that he had resorted
70 the court lnly as last remedy to
protect il possible his interest in the
matter He elaissF that the Ensign
oseamp people have $4,000 worth OF
bonds Of The B. & b. road which would
practically lose their value in case the
property should be transferred to the
A. & b. under the arrangements made
by officials Of the b. g. B. in New
York He also claims that the b. &
B. people owe him an amount of mon
ey because of repair work done to a
certain engine and that this bill would
likewise be yalueless If the sale had
taken place yesterday. MIR. Ensign is
of the opinion that stockholders own
ing a majority OF the stock are in q
conspiracy to defeat and trample upon
the minority stockholders, and for this
ana various and sundry other reasons
ne has asked Judge speers court to in
teryene for their protection.
Read Short Notice.
At noon yesterday, the time schedul-
cd for the sale of the road to occur.
Commissioner c. d. Ogg appeared in
front Of the court house ana read
short notice TO the effect that the sale
of che road had been restrained by an
order from the United States court
lie further st ted that the case had
been SCI Tor hearing at Mount Airy on
august aad that the sale would
occur on August ..
Blame Placed to Hyde.
In an account sent out from Macon
yesterday much blame Of the misman-
agement was slaced to Chas l.. Hyde,
the former president OF the B. & b.
The article says
There was fled in the Circdt court
Of the United states today, a bill in
equity by the Ensign -Oscamp Company
corporation OF the state of West Vir-
ginia, against The Atlantic and Birming
ham Railway company, the Brunswick
and Birmingham Railway Company,
the Brunswick and Biringham Con
struction Company and the Atlantic
and Western Construction Company,
the Knickerbocker Trust Company and
c. y. Ogg, commissioner appointed by
the superior court Of Glynd county,
for The purpose OF making a sale of
the properties Of the Brunswick and
Birmingham railway, the prayer Of
which bill is that the court issue a
restraining order forbidding the sale
of the property by the commissioner
as advertised Aug 2. and further that
a receiver be appointed to protect the
interest of the minority stockholders
from a collusion Of the above named
companies.
"The document filed is a voluminous
one. and contains some salty charges
against the present management of
the. properties of the Brunswick and
Birmingham It is charged that alto
gether there has been a huge scheme
OF the part of the Knickerbocker|
trust Company, and the other compa-
nies named, to get possession of the
Brsasgick ani Birmingham.
There is enumerated the different
plans that have been inaugurated pur-
suant TO this end II is claimed that
Charles Hyde. the present chairman
Of the board Of directors of the road
holds a majority Of the stock Of both
Of the construction companies and
that the construction companies hold
a majority of the stock of the railroad
company. The petition states further
that the entire control of the Bruins
wick and Birmingham company is
therefore in the hands OF Charles L.
Hyde, chairman of the board
II is charged that the entire pro
ceeding in the state court, of which
the Knickerbocker Trunst Company
was party, was only part OF the
plan for getting possession of the
Brunswick and Birmingham propert-