The Bridgeport evening farmer., 1912-12-06
FLANK MOVE ON
 NEW HAVEN ROAD
SUIT BEGUN IN NEWARK TO RE- HABILITATE MORSES LINE OF
 STEAMERS.
WOULD RESTORE SERVICE
Asks That Yale And Harvard. Sent to Pacific, Be Returned To East
 ern Coast.

l Newark, N J., Dec. GA bill in chancery, just filed at Trenton, has for it's object the rehabilitation of the Metropolitan Steamship company of 1 New Jersey, which would help toward the rehabilitati ton of Charles W. I Morse. The bill names the Metropol1- l tan company as defendant. The suit Haven & Hartford Railroad conn pany, already hard beset and on the defensive in the matter of its alleged deal with the Grand Trunk The suit is in effect a flank attack on the New York. New Haven 6 Hartford Railroad company.
 MT. Morse's sister is Miss Jennie Morse, who as the holder of 137 shares of stock in the Metropolitan company, brings the suit, her counsel being Mc- Garter and English. of the New Jersey New York bar. The bill charges, among other things, that the New road company. in furtherance for the elimination of competition, caused the steamships Yale and Harvard, which piled between New York and Boston, to be leased to the Pacific Coast Navi- gation company for service on the Pa cffic Coast. The bill in effect asks the New Jersey court of chancery to stretch it's arms across the continent and compel their return.
 The bill recounts that the Metro politan Steamship company of New J to operate steamship lines which prior to its incorporation had been operated by the Metropolitan Steamship Co. Of Maine The Maine company owned the Yale and Harvard which cost $1,- GOO each; seven freight steamers having an aggregate tonnage of 7,648 in Boston and an interest by virtue of a company lease in the Indian wharf, also in Boston. All of the Maine com pany's properties were covered by a mortgage which was foreclosed on Oct. 8, 1909 At the resultant sale the Yale and Harvard and other boats and says at s5.ooo.ooo were bought in by a committee headed by John E. Mo Kinnon. in the interests of the Metro politan company of Maine.
 It was at this juncture that the Met ropolitan Steamship ccnpany of New Jersey was organized by McKfnnon and his associates for the purpose or taking over the assets of the Maine corporal tion. Pursuant to4the plan of reorganization, the Metropolitan conn the pe'y amount nc ny of ss,ooS ooo. 1 secured % by a trust mortgage, executed to the Am erican Trust company, the mortgage covering all of the vessels and other properties acquired from the Maine company.
 In addition to the ss. ooO, 900 bond is- sue, the company issued ten-year g. amount Of s1. 800. 900 and ss,ooO. 100000 common stock.
 The bill goes on to assert that the New York. New Haven & Hartford before that had schemed in vain to eliminate the competition of the Yale and Harvard. with the result that it pany and brought about the election of Adolph L. Engelke. Rodney T. Mar tinsen and Thomas c. Hughes as direc- tors of the company.
 The next step was the incorpora- ton of a new company under the name of Metropolitan Steamship com
 S-,T, ceeded to divest the Metropolitan company Of New Jersey of it's assets by causing the sale of it's freight boats and wharf properties to the New Yale and Harvard to the Pacific Navi- gation company for rental and upon terms that were inadequate and un- fair. These acts. the bill charges. were not only committed in fraud upon the stockholders of the New Jersey com pany, but constituted violation of said defendant company Metropolitan company of New Jersey) is now inso1- vent, and is liable to heavy penalties under the said Sherman law for viola tion of the terms of that statute.''
 The bill goes on to say that inas- much as Engelke. Martinsen, and politan company of New Jersey, and among those against whom relief is sought, 1t would be useless to apply brought in the name of the defend ant company. The bill prays in part that they may appoint receiver to pany of New Jersey, and investigate the condition of affairs and report back to the court. Other. relief is a aslzed for amounting virtually to the of the company as an common carrier from the domination of the New York, New Haven and Hartford and the restora- tfon of it's properties and assets.