The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-02-26
COnspire to Grab the A.
s. N. 6. Road?
Continued from Page Three.)

corporate assets and endanger the interest of all
'toeAsold rs mus avlng your without
remedy except through the orders of this court
Eighteenth. That under favorable contract
OF Iease such as ncrtOlule has Deen ULereu, ana
"hch may reasonably be expected TO be secured
when an opportunity TO vote upon the question
shall be graciousiy permitted BY the State $
proxy. the State of North Carolina, which is
now receiving no dividends from its stock in the
defendant corporation will enjoy an annual av.
rage income or very nearly Say thousand col
lars and the private stockholders, who are now
the victims OF the states proNy,s caprice whiln
and superior arrogatGd wisdom, Will receive
over twenty-five thousand dollars per annunl,
their stock would soon advance 70 its face value.
We humbly Submit this is paying too high a
price tor The tremendous privileges extended to
the dispenser OF political patronage.
Nineteenth That the property OF the defendant
corporation has been diverted and perverted from
It's legitimate purposes to other purposes foreign
10 the object OF creation; in THAT hotels have
been purchased and summer resorts have be-n
established at cost of $42,8lS.42, as will appear
rom the auditors and treasurers reports OF the
defendant corporation for September, 1903, 10
the great hurt and detriment of the stockhold-
trs.
That the AGOyernor appoints a majority off the
directors who control IN the directors meeting,
ana can seiees the president, but the power Of
private stockholders, under the legislative plan
of organization and any effort to defeat the
right OF private stockholders in this regard by
breaking quorum, as has been frequently done
in the past and is again threatened In the flu
ture, is in law a fraud upon yoer orator and the
other stockholders other than the State of North
Carolina. fts
Twentieth Your orator AYERS he has no de-
sire in any manner to injure the defendant COR
poration, his only object being TO protect the
property OF himself and of other stockholders.
All of which actings and doings are contrary
to equity and good conscience, and tend to
manifest wrong, injury and oppression OF your
orator and of the other stockholders of the At
lantic & North Carolina Railroad Company, 9TH
er than the State OF North Carolina, in the
premises. In consideration whereof and for as
much as your orator is entirely remedllesS IN the
premises in accordance with strict rules of
the common law, and can only nave rehet In a
court OF equity, where matters OF tins natnre
are properly cognizable and TelieVable; to the
end therefore, that the said defendant may, if
it can, show why your orator should not have
the relief hereby prayed, and may fuii, true:
perfect and direct answer make to all and
singular the matters herenbefoTe stated, and
that the property of the corporation defendant
may be leased upon such favorable terms as TO
| your honors may seem proper, and for an lnJuhc'
tion and receivership, and that your orator may
| have such further relief in the premises as the
nature OF the case may require, and as 70 your
honors shall seem meet may it please your non
,ors TO grant unto your orator the most gracious
writ of subpoena OF the United States OF america
| to be directed to the said Atlantic ana MOI ~
| Carolina Railroad Company, thereby coiIlaiiul ie
| it at certain dag and under certain pam
| therein to be specified personally TO De ana dp
pear before your honors in this honorable court
and then and there to answer all ana singular
| the premises. and to stand to, perform and
| ahide sich order and decree therein, as to youI
| honors shall seem meet, and your orator shdL
| ever pray. -,l,,, 1.o,,nr .7N,NrS
United States OF America-Eastern District Of
This H9i dav comes K. S. Finch who maketh oat3
| that he has read the foregoing bill OF Complain
| subscribed by him, and knows the t?h'enI
thereof, and that the same Is true or i tbepa;I
| knowledge, except to such matters tn th
| stated on information and belief. and as 10 thoS'
matters he believes it to be true; rr&cu
Sworn to and subscribed before me this z0r'
| day of February, 1904. . cD.1T clark
BY GEO. L. ToNNoFFsKI, D.>C'
.oro-M0RROW." SAYS CAPT. McBEE.
When are you going to take charge
Captain McBee?" the Receiver was aSheo
yesterday as he was walking up tue
street.
''To- morrow" he said.
And that was all.
Have you given the bond OF Soo'Voo.
Capt. McBee was asked last nlSnt'
Il have
"Who is on the bond as security?
THE United States Fidelity ana Go"i
anty Company, of Baltimore. E.,
What time tomorrow 10 you start ioi
New Bern?"
Il don't know"
will you keep the old employees OF
engage new ones?"
81 have not considered that matter a.
all yet replied Capt McBee'
|
PRESIDENT BRYAN IN NEW fofNn
Governor Aycock telegraphed yester :
day to Mr.. James A. Bryan, presiqeniIt ~
to come to Raleigh t to 70 confer with hin
| with reference to the appolntme.hi' C 70
receiver of the Atlantic and mo- 80,
Ina Railroad An answer was =. -,
that Mr.. Bryan was in New ioiA