The daily morning journal and courier., 1906-12-27
SLIT AGAINST GREAT
 NORTHERN IS BEGUN
MINNESOTA ASKS PERMANENT INJUNCTION AGAINST $6O, ,O0O,-
 900 ISSUE OF NEW STOCK

State Attorney General Also Asks That
 the O-der Restrain the Defendants
 From Receiving or Collecting
 Amounts Due on Any Subscriptions
 Made or to be Made--Increased
 Freight Charges, it is Claimed, Would
 Result to Minnesota Patrons.
 St. Paul, Minn, Dec. 26,-Attorney General Young and R. A. Stone, assist ant general atatorney, this afternoon began an action in the Ramsay county district court on behalf of the state of Minnesota against the Great Northern Railway company, asking for a perman- ent injunction against the company, it's officers, agents and servants from pro ceeding in any manner with tn propos- ed issue of capital stock recently au- thorlzed by the board of directors in New York. The attorney general also asks that the order restrain the de- fendants from receiving or collecting the amounts due on any subscriptions which may have been, or which will be
 
 carry out these plans until the Great Northern company shall first have made application in writing to the railroad and warehouse commission of the state of Minnesota and procured the eommis- sions consent to the issue of stock. A temporary injunction pendente lite is also ask q for.
 The attorney general in his bill of complaints, after reciting that the Great Northern is a corporation of the state of Minnesota, and that the com panys original authorized capital stock is $S0000,000, that being the limit fixeo by the company's charter, says that be- tween February 1, 1890, and March, 1896, the defendant made several large in creases of capital stock until March 1, 1906, the total aggregated substantially s15C, ,000000; that all of the increase s were made without applying to and ob- taining the consent of the railroad and warehouse commission of Minnesota as required by law; that prior to Decem- Der Ii, 19O6 the def ndant determined to increase the capital stock to $210, ,000.- 900 by an additional issue of $60,000 900, notice of which was served on the stockholders by President J, ]. Hill, who invited all to subscribe for pro rata share of the same; that the de- fendant's officers are now preparing tc sell and issue this stock to stockholders of record January 4, 1907. Continuing, the petition says that all necessary ar- engagements for the issue and sale of the stock had been made.
 The bill of complaint further states that unless prevented by an injunction, the defendant will issue and ssll the stock without first procuring the con- sent of the state railroad and warehouse commission, thereby depriving the state of the right and opportunity of inves- tigating the proposed srocK issue and examining into the propriety and pur- pose of the same. All of which, the complaint says, is contrary to the state laws, The bill further says:
 If the defendant increases it's stock as now proposed the aggregate thereof will be $21OOOOOOO; that the defendant has bsen and Is now paying annual di- vidends at the rate of per cent. on all of it's capital stock, and will pay divi- dends at the same rate on all of It's
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