Evening journal., 1909-08-27
ASK COMPANY
FOR ACCOUNTING
Stockholders Of Christiana
Window Glass Company Also
Want Their Stock Back

Fred A. Eberhardt, William II.
Myers, Joseph IL. Dawson. James A. I
Eberhardt, Benjamin f. sheppard
John S. Murphin and Alexander p.
Byrne. in Chancery Court this morning.
began a suit for an accounting and
for the recovery Of ten shares OF stock
each in the Christiana window Glass
Company. The bill was filed by John
p. Nields. attorney for the complain
ants and the rule in the case is return
able before Chancellor Curtis on Sep
tember 3.
The bill is directed against the
Christiana Window Glass COMPANY,
John l.. Byrne. Patrick J. Byrnc,
Micahol Bgrno, the Byrne Glass Com
pany, Artisans Saving Bank. Mary e.
Byrne, Edgar j. Byrne. +. j. Byrne
j. j. Byrne, John y. Fox. Bennett
Brown and Bennett and William S.
Prickett. 1t sets forth that in 1856
each of the seven complainints. with
ten others, organized the Christian
Window Glass Company. Of Delaware.
each receiving ten shares of the $1,000
capital stock OF the company. 1t is
alleged that the company was to be a
cooperative concern, the seven COM
plainants being experienced glass
workers who had come from Quinton,
\. j., to assist in the operation of the
glass plant here. They allege that
they we're TO continue as stockholders
so long as they remained in the en-
ploy of the company.
The bill continues that the plant
was successful until January 13, 1908,
when the company agreed to become
insolvent, the Introduction Of mach
inery in the glass making business
having made the business of the local
company Improbable
The bill cites that the company owed
upward Of $4,000 at the time Of its
alleged insolvency and in order that
the company might easily dispose of
its property that all the stockholders
might get a share out Of the business
thirteen Of the stockholders agreed on
January 10, 1908 to transfer their
stock to Patrick j. Byrne. and John
l.. Byrne that the sale might be ef-
/ fected in the easiest way, but with
the understanding that they were &c
retain their equity in the stock Sc
transferred.
The Byrnes were 10 receive s25 a wcel
while disposlng Of the property and th'
stockholders 500 each on account Of thei
holdings. The bill goes on to cite that or
+ January lS. 1905. Michael B. Patrick J.
and John l.. Byrne we're the only holder
Of the stock and that they elected Pat
rick l.. Byrne president, and John L
Il Byrne. secretary and treasurer OF the con
pany. It is alleged that in the same yea
| the Byrnes sold the glass company prop
! erty. as well as personal property Of th
company. paid off some Of the indebted
ness and paid salaries. and that on Nov
ember 1s 1908. they conveyed the prop
erty Of the Christiana Window Glass Cor
panv TO Edward j. Byrne, son Of John
Byrnc. for 5000 and that on Dec. 2. Ia
John l.. Byrne. Edward J. and Mary I
. Bvrne. wife Of John L. Byrne. incorpo
ated the Byrne Glass Company. On De-
ember %, 1905. IT is alleged f. J. Byrf
executed a deed TO the Byrne Glass Con
pany conveying to the new company II
property Of the Christana Window Glai
Company in consideration OF $500.
Continuing The bill alleges that o
July 10. 1909. the Byrne Glass Com
pany conveyed title TO the Christian
Glass Company property to Bennett
Brown and Bennett for S1S.750 an
that mortgages on the property wer
subsequently taken by the Artisan
Savings Bank and William S. Pricket
The complainants allege that III
Christiana Window Glass Compan
failed to account for the proceeds {
such sales and ask that the Christian
window Glass Company assign an
, transfer to each of the complainant
his ten shares Of the capital stoc
so held by it as trustees.