The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-06-28
but this responder believes that this does
not, disqualify from "froln" acting as 81
rectorS in any other o,1lpaliy III which

Frank Jay uorlas may be Interested
The stntements contained IN This !, i, an an
bill taken together e With til Tic other exhibit
e ase SO S BY Fseo sG" en n tbe annual
report Of the president up Up T. Deeemberr
81. 1903, giving the same, directors ct
the Z, company show how m, many ns OF
direetors;S and also shows, as nearly as
the plaintiffs could ascertain, the offices g,
or hoa tn a ss new Wick
would have prevented them from faith-
i fully performing their duties as a.
seems to It to BE- atho material state;
ments Of the bill upon this question, ana
Pounds Its Judgment thereon These hes sta a.,
stock, under the terms Of the Adjustment
Agreement; that he had CONTINUED n Of.
nearly ali, of,the directors WIG we're then
in office, and who recommended the exc exc
nmt!9, b9'rth1e ena e other
persons holding offices and positions q
trust under, him; that he had as as. :, ,a
control and personally directed al al the the
board, OF directors elected and continued
II office by him are, and always y have have
been his wnos \, ana na ca
of spoliation committed by him on the
property and assets of tho company; that
he officers and directors are,nnd always
Gould took possession, rs com.
painants In the original bill have
olieers Of the company Indignation as
to Its actions and financial condition, etc"
but have been refused all such in i,ed aa-
spcctfully submit that the most material
allegations Of the bill, showing the yari-
GUS acts Of spoliation committee nate by tn MI
coludcd with him. are entirely omitted
from this enumeration by the court, and
that those omitted alegati,onfs are IT the n,
as Showing Wing such i a l' Condition Of affairs
as rendered 1T worse than useless Tor
them to have applied TO- the poard %, OF
directors to correct the wrongs complain
II is shown BY Exhibit Il, filed as part
Of the bill (page s39 % of record r that
d Tank ana 3sy HH q9y hpl i I'd
and executive of1leers Of this company pan,
and and also hat rEEht the the p yee
alleges that the plaintiffs have sought,
both from the officers Of the company
holders meetings, information with refer.
the the company IN AM butail Information in ref
been refused, both%by its officers anS d.,
rectors, at Its office in Richmond. and
also at the stockholders meetings, where
sought ous in}or pn9H0S Which has been M
fornly and in every case, refused them;
and they allege and aver that the. officers,
Passenger and Power Company are now
and have, since the 2Sd day OF Decem ber,
been wholly su bservient to the will and
personally directed, controlled and carried e
into effect all the acts Of spoliation
which are herein complained Of
the information was sought by the plain
tiffs both from stockholders and from
the directors and that any Information
was pe,rslstently refused beth by the
The bill chargesStha Frank Jay Gould
has improperlya fraudulently - a a[(I Q
priated to hts indjvIdual use , $5oo oeS q
mond and Petersburg Electric Railway
Company, being8the full OWNERSHIP. of
said company, known as the inter.urban
and and P PeT' Company (reeord, pages 20,
ny; and the allegation Of the, bill is that
| in this act Of spoiiation, the directors, IN
effect, coluded with Gould, and aided him
| in SO defraudng the company. d.
The bill further charges that Frank
| Jay Gould had appropriated to his own
use, and claimed 70 hold for himself and
tween five and sixflnilllon dollars, worth
of bonds of the company, which he pro-
| fessed to have taken under and In consid-
provisions oiSwhieh OBSERVATION-DISCLOSURES should
have been performed by him. but had
not been complied With and that. here e
sed boads Ga and I'm Sis is Charged
effect colluded with him"
jay a Gould had procured the virginia
sent to sci to himself, under the name
Electric irI RAILWAY and Improvement Com.
were covered both by the mortgage Of
Company and the mortgage OF the vir-
gInia Passenger and Power Company, III
!. Guiding the lease OF, the, Upper Apo mat
Of property and water rights along tho
g1n il Passenger and Power Company. and
development at a price and consideration
wholly Inadequate (record, page 7S) and
1 It alleges, that in this act Of spoliation,
Vent iaeI the wishes Of Frank jay Gould,
| have in effect colluded with him. s
The BIZ further charges L, that, Frank r. Il 3IS
4 had secured the title to the property and
water rights located on the Appomattox
River, above the dam in,Sthe Upper APP Al
Beeana purcS Sasei BY stterdns ana A.
Wright, two of the directors OF the com
pany and Its president and yice-pres dent
I. respectively, for and in behalf Of tho com
l panv (record, page 54), to be conveyed to
| William Northrop, trustee, (sa!d NorthroE
being also a director OF the company. on
the distinct representation that The sans same
4 tee, for the use and benefit Of said Wiz.
glnia Passenger and Power Company. and
upon the. repayment to him Of the pur.
cllase price; and, In spite Of this, the
said Gould has caused tho said Northrop
A trustee. TO convey Or agree to convey
+ to the Charlotte and Prince Edward Elcc.
q trio Railway and Improvement Company
corporation owned and controlled sniG BY thf
\ now, through the medium Of the Char
a lotte and Prince Edward Electric Railwn!
and Improvement Company so owned anS
controlled by HIM ne, the said Z, I; Frant
! for the Virginia Passenger and Power
Company to develop. the water power @
a the Appomattox River. as therctofol'
contemplated (reeord page ~ ;na and u,
I and destruction Of the interests OF ~
corporation, the directors OF tIe com
,,n ~ l,aa,, hEarvianf