New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-25
-. York Central and Rutland
~ Company Defendants.
.u.HcE UNLAWFUL PROFITS
-. Call Centrals Holdings in
~ r,..,ont Line Violation of
sherman Law.

"a, IN which the Rutland Railroad
and the New York Central &
w. s,vsr Railroad Company and the
ucsctors Of the Rutland are made
.,.,sants have Just been started in
...,,ed states Circuit Courts for the
District Of New York and for
:, nv stockholders Of the Rutland.
emit brought in this state James
oueu is the complainant. and the
SUI against the New York Central
fi~ ~ Interstate commerce law. I'm he
s'u spit Andrew c. Spring is the
= 80, and the defendants are Will
~ 80 Webb. Percival W. Clement,
e ~ stewart. Wallace c. Clement.
Young. Chauncey NJ. Depew.
:. Rossiier. Arthur w. Rooster
Rossiter and Ernest T. Rossiter,
-. s..n,ors o. the Will OF Edward V. W.
-" the Farmers Loan and Trust
- Of New York. as executor Of the
- samuel H. Galway. and the Rui-
y railroad COMPANY
- .u'- is FOR an accounting Of the
- n the defendants in the Rutland
80 COMPANY. through which it l.
- thar they have unlawfuliy made
:, n,rsona profits. TIE complaint speci-
,;oa,i which It says has been unlaw-
-,,de nv the defendants. and emu
-, other transactions through which
-. large proAts we're made, without
az ne exact sums.
ms suit against the New York Central
.rsra5 that the Sherman act was vio-
!. NJ the purchase OF control Of the
..s.,5 5v the Central in I9o5. The two
-. are said 70 be parallel and COM
-, pres and TIRE purchase is said TO
....;,,,,s a combination and conspiracy in
80, Of trade. The recent transfer by
r.,,rsl Of one-haf Of its controlling
.,..s. In the Rutland o. the New Haven
a ssid 70 be merely a subterfuse,
.sA Central still controls the Rutland.
r.ss.iae in defiance Of the law is also
go the complaint saving that the
..,l ,ss forced the Rutland TO give re-
H.. n violation % the federal statutes,
~,s,. thereby rendered the Rutland LA
-. federal prosecution and the loss Of
-s-,e- The specific loss OF g oQo0e9
,rstsd through the diversion Of freight
passenger traffic from the Rutland 10
.rs,,ra lines All this Is said 20 have
. dons hv removing the old officers Of
-gutand and substituting for them men
r we're already officers Of the Central
y, and b. removing the hooks and Of
!. n re Rutland from Rutland, Vt, 10
. J, u-ess Of the Central in this city.
a.-vs-nont suit charges that about 1895
| !, t.reetors of the Rutland entered into
zs.-scy 10 acquire various railroad and
sr properties and sell them TO the Rut-
.. A. large advances I'm price The
si-plain Construction Company which
rs o-ranized 10 build the Rutland Cana
D. Railroad Company. r. given as an in
re Of this conspiracy. II Is charged
tr the Rutland directors who organized
y Champlain company got 100000 par
lie Of Rutland preferred stock in pay
J., for work that the Rutland company
( Itself 70 complete az an expense O+
5o.
~1e defendants are charged with making
|woat exceeding E00eoo by the sale OF the
....sourg & Lake Champlain Railway
-Dsny 10 the Rutland The further
rgs Is made that tie defendants pur-
lsd FOR themselves thousands Of shares
~ preferred stock Of the Rutland a. $40
s.irs. without giving the other stock
dsT any chance TO participate, though
re tine ,he market value OF the stock
rs nrch higher than SO Samuel Inter
ETE S the attorney for the plaintiff in
q ,ssss.