Salt Lake Herald-Republican | 1915-08-21 | Page 3 | Stockholders Project Suit for $10,000,000

STOCKHOLDERS PROJECT SUIT FOR Directors of ot International Ier With Shattering Credit of Co Company rap liny New Nc York Au Aug 1 20 Counsel Counsel for lor somo some of the stockholders of the tho hc International Mercantile Marino Marine company said sald today they had ad made mado a a. demand upon P. P A. A S S. S Franklin as ns receiver of or that company compan to bring suit twit against fourteen of or its Us directors c- c tors tore for tor This amount Is fa al alleged alleged al- al by Loucks Loucka Alexander r attorneys for the to have bead lost b by tho the shattering of ot the company's credit Tho The directors named in the demand Include e Lord and J J. J Br Bruce e of r London J J. J P P. PI Morgan Charles Steele George W. W and E. E J. J Berwind Berwind of this thin city and P. P A. A B B. B of Philadelphia It Is alleged that defaults In Interest payments on tho the bonds of the company comp which have ha boon been made In five instances were unwarranted and that there thoro was I enough h cash available a on each occasion n I to have mot tho the interest payments I