Salt Lake Tribune | 1904-02-25 | Page 10 | Boston and Montana Injunction Held Up

BOSTON AND MONTANA! INJUNCTION HELD UP' I Famous Suit Which Tics Up $3,000,000 in Dividends, Tak-S P en Under Advisement by New. I jf York Court. NEW YORK, Fob. 24.' Jimtlco Glldcr-sleovo, Glldcr-sleovo, In the Supremo court, today heard argument on and reserved doclslon In the matter of the application by John Macglnnls3 for a continuance of a temporary tem-porary Injunction restraining the Boston fc Montana Consolidated Copper and Silver Sil-ver Mining company, tho Parrot Silver and Copper company and tho Anaconda Copper Mining company from paying out dividends to tho Amalgamated Copper company on tho stock owned In theso companies by tho last-named corporation. Macglnnles Is tho vice-president of tho Montana Oro Purchasing company, and claims that by the arrangements by which the Amalgamated Copper company became the parent company of the now subsidiary company he f 'l other minority minor-ity stockholders have I seriously Injured. In-jured. Tho Amalgamated Copper company has declared a dividend of 2 per cent, pay- ablo on Monday next, but cannot naJl(?$ unless It receives tho" dividends from ulM' subsidiary companies, and for this reainnlK counsel lor tho Amalgamated askod SaWR tho Injunction be ImmedlateVdlMolwfltl5l,' Louis Marshall of Gugconhniit..,5 i Untermeyer & Marshall, and Mr. Garvin' represent ng tho defendant comnatuW'J as.-erted that all th0i allegations s7aTca in P Macglnnlss's complaint, with tho oxcon-I ki t on of somo very unimportant assert ' 'T tlons. had all been raised in i othe? 11 brought In tho Supreme court " ore nn.il years f W,th,n ' fiwhKj! Franklin Blen. for Macgfnnlss, clalmo.t ! that tho agreement by which the 3Ub. P s diary companies were purchaioH ' the result ot a consplracyP Z KentThSv4 & shareholders of tho Araalcarnniwi thSV' IF Irreparably Injure Macgln&nd "hU I-associates,, I-associates,, who had refused to dellv? S' up valuable stock In tho Parrot rv ,1 and tho Boston company of McnS Foli $ tho watered stock of tho Amahramntl iP - 5e Justlco Gllderslecvo took thcEi 6 reserved decision. Papers and jj