The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-07
NEW HAVENSUES
BILLIARD GROUP
FOR$3,9OO,OOO
Charges Collision With f.
y. Robbins and Others
to Dcfraud Road.
ATTACH PROPERTY
OF THE DEFENDANTS


Railroad directors last July, the railroad
today began a suit for the recovery OF
- goo 900 against John l.. Billiard OF
Ne-!den. a former director. Edward d.
Robbins * New Haven. former general
counsel. Samuel c. Morehouse OF New
Haven. who acted as assistant attorney
10 Robins, Charles +. Lins,ey OF Meri-
den Henry whipple " New Haven and
Samuel Hemingway, the New Haven
barker. who formerly was on the board
9. directors
Extraordinary secrecy shrouded the
prelm naries Of the suit, which has not
ye, been formally filed but which will be
retlrnable to the New Haven county
Superior Court. all the defendants being
residents " that county
Attorney Avian w HYDE OF the Hart
'ord firm ~ Gross, Hyde & Shipman,
VINO was selected some time ago by the
road as their counsel for this suit. was
unwilling tonight to say anything about
he complaint or his plans for prosecu-
uon until the papers should have been
returned ~ tn" office OF the court clerk.
Property Is Attacked,
Deputy Sheriff Charles A. Latham of
Hartford. who is serving the paper.
viii 20 20 New Haven Wednesday fore
noon 20 serve the New Haven defend.
ants and to attach their bank accounts
and realty This afternoon he served
Billiard and Linsley In Merlden. finding
considerably less than a million Of at
,Achatle property He hopes. however.
to locate additional Billiard property.
Sheriff Latham attached forty shares
Of Bradley & Hubbard Manufacturing
Company stock held by Lnsley and one
piece Of real estate. Deposits in Bill
ards name in the Meriden National
Bank and the First National Bank were
attached. together with seven pieces OF
real estate
tn" complaint is very lengthy and
comprehensive, containing many para
graphs alleging improper and fraudu-
lent management and collision on the
part Of the defendants to the financial
detriment Of the railroad and it's stock
holders II rcvoives around the effort
n the road TO divest its self Of the APP
parent ownership Of the Boston and
Maine through the Billiard company
and the New England Navigation Com
pany.
says Accounting WAS Refused.
Billiard acted under n secret trust"
% the stock juggling according 10 the
complaint In the suit. and "as trustee
for the road received s3,S25,147 in cash
as nearly as the same can he estimated,
Including dividends"
The defendant" says the complain
has never paid nor accounted to the
plaintiffs for said sums. and has refused
to account for the same and falsely and
iraudu,eutly claims such sums as his own
Property" The others are brought into
The case by the allegation that they re-
cevei part ~ the money received 10y Bill
lard rs trustee and have refused 10 make
any accounting
tn" wit iuSttu,ing the suit contains
mo New Haven roads own story of the
h..trd transactions Prior 70 June 30,
l'"> IL SAYS, the road owned 100. sS4
shares ~ Boston and Maine stock, held
the name of the New England Navi-
cation Company on or about June 30,
1905, the railroad company. FOR the
purpose of divesting itself OF the iNpar-
ent ownership Of this stock. transferred
/ 10 John J.. Billiard. to be held upon a
secret trust for the benefit OF the road
Nj Billiard accepted the trust, the road
alleges
Gives Details Of Deed.
10 quote the writ: For the purpose
o. "on".aiug the actual ownership OF
'ald shares and TO avoid possible Iii.
hi''u' The transaction was entered upon
NE navigation company's books as an
actual sale At sl25 share, the books
showing that 81, 600, 900 was paid in cash
and $-7i3,5o0 in unsecured notes OF Ell.
a.' Tho cash, however, was actually
"o'a'o"I by the road by loan TO II
rom the National city Bank Of New York
upon notes signed by Billord and secured
oy the Boston and Maine stock deposited
Win the bank by the road,
Anoul November 10 Of the same veal
Willard artlng under another secret trust
'"T "a" benefit Of the New Haven" rad
''ugh. 1855 shares of Boston and Main,
common ana 5,s2j shares Of the road.
Fe'erred stock, To pay for II he Sc
oe'vea $1,000 600 from the New England
NaVsat"n Company, giving his unse
'1'el note for tho money. June %, 1909
we New Haven road procured the ncor
I'7'non Of tho Boston Railroad Hold ms
company by the asslchllsetts LegIsla
'''' tho new corporations purpose bein,
20 I'd m" road shares Of the Boston ant
Maine
Inc transfer OF the shares Of Boston
ana Maine stock held by Billiard undo
10 secret trust to the Boston Railroa,
Hoh''r Company was arranged abou
'.0' 40, 1909, IN sucn manner tina
s'1 transfer should appear upon tn
COOKS ~ said companies as an outrigh
l".e Of aid shares by said John L. Bill
!ar1 e IS alleged
10 efectuate this pretended sale" tn
Continued OF Fourth Page.