Show PETITIONERS DEFEATED Court Cur Finds No Cause to Stop the Smelter Trust Jersey Jey City N J March Mach 11 lLIn iLIn In hancel chambers chaber Vice Chan Chanlor ellor lor Steven Stevena Steen denied the application to 10 tomake tomake make make permanent r rael the te Injunction re restraining ret straining draining t the Vie stockholders of the Amer Ames ican kan Smelting Refining company from Irom increasing the capital stock of or ort t h hat t company from to OO and restraining r the directors from purchasing the plant df M 11 Gug Guggenheim Gu genheim Sons Son in Mexico The Te chancellor chancelor opinion pinIon said sId the courts could act tet ct only where there therewa was wa a a question queston of fraud It I did not me within the jurisdiction of the met court the chancellor said id to question queston the wt Jm of the directors actions The vice chancellor read lis decision The main point discussed disused by him was w ether Aether the Guggenheim property was worth orth the price It was proposed to pay for fr it The vice k chancellor concluded conclude that that nothing had ha been shown that would warrant tho th issue tsue of a 8 a perma Dera permanent nent Hent injunction restraining restring the Ameri Amer Amerian Amer I Ian an Smelting Refining company from S purchasing the property He said the I petitioners n in putting a value on the interests inte t had ha failed to take Into consideration the te good god wiland wil will wil willand and an business of the firm He could no noMe not notIe Me Ie that the Che the directors of or the American c had disregarded dl the law in any manner r The action acton was a brought by the hold holdI holders I ers era of 20 shares shae of stock The et t loners lioness Hone were w re M Donald Donld Stephen V Y White Abraham Abna and Henry A Seaman Seaman of or New York and and John W Yo Gordon Gonon and an William B of South Sout Orange Org The Te price f which it was wa proposed Jp to o pay py for tor th thu thu thuI interest w u while hile the petitioners claimed that ha e interests were worth not more than 0 1 I Ricard Richard V Lindabury Li for fo the et eti announced announce that the th case ce tt t rid ld v teala bf tw taken to the tite tle court lurt of errors err and nd ip p S |