The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1913-04-17
CLAIMS INTEREST
IN THE RAILROAD
that David Davis, of
Whose Estate Plaintiff Is
Executor, Held One-Third
Interest in the Original
Railway Companies - He
Asks for Restraining Or
der on Trust Companies.

Petitioning the court To appoint a
receiver for the Pensacola. Mobile e
New Orleans Railroad. and also ask
Ing that restraining orders be issued
directed to Henry McLaughlin, the
knickerbocker Trust Co. and the
Farmers Loan & Trust Co, the two
latter Of New York Capt Edward Da-
Wis. OF the Thirteenth United States
cavalry, as executor OF the estate OF
David Davis, deceased, filed a bin or
complaint in the United States court
yesterday morning. in which it Is set
forth that David Davis held a one
third interest in the original railroad
property and that the heirs OF David
Davis have been kept in ignorance Of
the true situation relative to the prop
erty. Judge Jno. c. Avery represents
the plaintiff In the case.
In the bill filed yesterday it is set
forth that in July, 1911, certain letters
written by Mr.. Mclaughlin caused
Capt. Edward Davis. a son of David
Davis. to suspect the good faith OF
McLaughlin's stewardship, and he be-
gan an investigation which, in March
OF this year, uncovered the alleged
fraud. In the suit now begun. Ed
ward Davis, as administrator, requests
that receiver be appointed to take
POssoCSS4N4A VI certain papers ana rec
ords, said to be in the hands OF Nc
Laughlin in order to prevent their loss
or destruction; that a receiver be ap-
pointed to take over all the stocks and
bonds Of the railroads and that the
railroads themselves be placed in the
hands of and operated by a receiver
in order that further alleged injury
to the Davis interests may be guarded
a against.
RESTRAIN TRUST COMPANIES.
The Knickerbocker Trust COMPANY
and the Farmers Loan & Trust Com
pany Of New York, are made defend
ants and 1t is requested that they be
from any further acts re-
garding the issuance of $3.50. 900 and
$3.50, 900 Of bonds which Mclaughlin
Is said to contemplate. The merger
OF the P. & P. railroad, the p, A. g.
T. railroad, and the Mobile extension
into the Pensacola, Mobile g. New Or
leans Railway Company is sought TO
be declared null and void G.. IT.
Dishman is made defendant because
Of certain acts as president OF the
Southern Improvement Company. said
TO have been injurious to the Davis in
terests.
In effect the bill asserts the title OF
the Davis heirs to approximately 4
oAC-L III the SO-CIaAeu
Mclaughlin railroads." which are va
riously estimated to be worth from one
and a half to two millions Of dollars.
AN INTERESTING STORY.
An examination Of the bill OF com
olafnt. in which the receivershlp and
various restraining orders are re-
Iuested. discioses allegations which
constitute an interesting story.
1t appears from the bill that the
'o-called Mclaughlin railroads. are
IN outgrowth of a construction COM
oany known as the Southern Improve
nent Company, the principal stick
holders in which were David Davis,
Henry Mclaughlin and c. H Dlshman,
.ach having approximately a one third
interest, though the cash subscription
If Mr.. Davis appears to have been
slightly the largest
It is recited that the 5outhsrn I'm
'rovement Company built the Pensa-
,oia, Alabama & Tennessee Railroad
CONTINUED on PAGE Fo1fP1