The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-05-18
DR.. hight SELLS STOCK
IN GREENFIELD LINE AND
SETTLES CONTROVERSY
Suit t& Gust Officers of Company
Is Withdrawn and Amicable
Agreement Reached.
$50 SHARES ARE SOLD
Minority Members of Indianapolis
& Ea stern Now Relinquish Field
to Majority Purchasers.

The contention that has been existing for
some time among the stockholders of the
Indianapolis & Eastern Railway Company
has finally been amicaby settled, and the
suit filed yesterday to oust Frank NJ
Fauvre. Charles E. Coffin, Medford B. Will
son, John w. Chapman. l.. E. Mcdonald.
Elmer JSinford and Emil c. Rassman from
controls of the property of the company
has been withdrawn and all differences,
it is claimed, are now adjusted. The COM
promise was brought about by the disposal
of the stock in the company owned by Dr.
Robert c. Light, the prime mover in the
prosecution of the case, TO Frank NJ.
Fauvre president of the company and one
of the defendants to the suit. BY the dis
position of Mr.. Lights interest in the COIN
pany, represented by $50 shares, he relin-
quished all right to any control of the prop
erty, and it was said by one OF the officials
of the company last night that all disturb
ances in the affairs of the company were
again settled and that the case would re-
main out of the courts.
The plaintiffs in the suit filed yesterday
to oust the present officers were Robert c.
Light, Kent A Cooper, Morton B. Dawson,
William Fisher, William A. Atkins. Will
liam Bosson and Oliver Mallon. They were
represented by the law firm of Elliott, Eli
OFT & Littleton. A short time after the
suit filed, however. the parties to it
went into conference. and late yesterday
afternoon the differences were settled with
the above results, with the suit dismissed
at the plaintiffs costs
Dr. Light, when seen last night, said il
was true that the suit would not be pros
ecuted. 81 have disposed of all of MY stock
go shares in all. to Mr.. rauvre and others.
and am now out of the company altogether
The case will be pushed no further and will
be withdrawn at once"
Mr.. Fauvre admitted that Mr. Light's s
stock had been purchased. He said he had
not received any definite information as to
the disposal of the case, but supposed il
would be withdrawn Immediately
THE suit filed against the officeholders
of the indianapolis & Eastern Railway
Company will not be prosecuted" said
Medford B. Wilson last night. "Dr. Light
has disposed of his interests in the compa-
ny, and will withdraw the complaint at his
own cost.
The complaint which was filed yesterday
sets out that the defendants in the case are
the illegal officers of the company, and that
they have unlawfully usurped control of
the companys property. According to the
story of the plaintiffs in the case, they are
the regularly elected directors and officers
of the company the result of the annual
meeting OF the stockholders held May a.
regularly called by the secretary, John W.
Chapman At this meeting all Of the plain
tiffs were represented and were elected di-
rectors of the corporation. Later the plain
tiffs and the directors of the company held
meeting and elected their officers as fol-
lows: Robert c. Light. president; Morton Il.
Dawson, vice president: William Bosson,
secretary, and Kent a. Cooper. treasurer
In the complaint IL is contended that the
defendants allege that the bylaws of the
corporation were amended as to make
the date Of the regular annual meeting the
third Wednesday in May and that the
meeting held May was the result of a
mistake on the part of the secretary, John
w. Chapman.