OCR Text |
Show Is alleged ETb as trustee permitted $1,208,000 par value of Dayton. Toledo Tole-do and Ironton railroads stock to bo sold al auction for $100,000. Tho plaintliTs demand an accounting for over $14,000,000 profit alleged to havo been made- by Erb In acquiring control con-trol of the Wisconsin Central railroad rail-road and turning it over to the Canadian Cana-dian Pacific. They also ask for an accounting of the deal whereby the Chesapeake and Ohio bought tho Chicago, Cincinnati Cin-cinnati and Louisville and ask that tho court restrain the payment of the purchase money until that accounting is made. The third accounting demanded relates re-lates to a deal by which Erb Is alleged al-leged to havo acquired at a low figure a block of atock of the Ann Arbor ro?d when he was chairman of the board of directors of that road. UNCTION SUiTS TOTAL MILLIONS ' CINCINNATI, Aug. 16. Suits for Injunctions, accountings and damages, totalling millions of dollars and bringing bring-ing Into question deals involving four railroads, were filed hero today by Rudolph and Leopold Kleybolte, brokers. The suits are directed chiefly aga.nst Newman Erb. a New York attorney, at-torney, who since 190S, has been a disbursing trustee for the old firm of Kleybolte & Co., a concern that de clared itself possessed of assests of j $8,260,000 when the liquidation was I undertaken. In addition to Mr. Erb. J one of three suits I9 directed at the j Chesapeake and Ohio railroad, and F. M. Bradford, president of the Chicago, Chi-cago, Cincinnati and Ixniisville railroad. rail-road. Erb is charged with violation of trust, alleged collusion and fraud and that ho speculated In sums held by him as trustee. Three principal ac-countalngs ac-countalngs are demanded and a prayer pray-er for damages names $1,110,000 as the amount they desire to recover from Erb. The damages arc asked becauso It |