Show Abe ffitaSnai Union Albany 291n the matter of the ap plication of William H Cameronatock holder and Jay Gould director And claiming to be a stockholder of the Nutual Onion Telegraph Company to the attorney general for Ihe commence meat of tbe action or actions to vacate the charter of tbe Mutual Union elel graph Company tbe attorney general this morning decided to grant the appli cation and telegraphed simultaneously tj the counsel for applicants and for the telegraph company that he had to de cided r The attorney + general says the increase of the s ° kin the Mutual Unian ase I not justified by law and directly violate I the statute It is fair to infer tbatjtfooret i Jr Co arranged with five directors for the increase in order to receive a far greatefrmount of 8to k of nominal but fictitious value for rbich no other con siderlltion was ever given EO the who oe stock of the comPany the first 6 000 u shares being I surrendewdH invalid under a void increase which affects I = eVEry sbara issuer i Tha issue was hollow and cntnh Sbntal without consideration and illegal i being an usurpation of the franchise given m tho state and not purely tech ni fe Oil violation of the Jaw Action will I brought under the bond directing the be vcaton of the charter and that the pJJ pro prty bl + sold or transferred to a scan strUt bicJmpary the proceeds divided among creditors and other benefie ies I |