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Show 1 MHI.KV George E. Romney Is pal Defendant in Twp Sensational SuitsBigt IS ACCUSED OF FR Defendant Says Action I& suit of a' Spirit ofj(t Vindictiveness. 3f Conspiracy and fraud on tho., George E. liornney uto char3' two suits filed in tho district cotaT torday against tho Zion's Co-ojmjb: Homo Building & Real Estate cemvf and Ronmoj as principnl stocffllL John C. Cutler, L. S. Hilla ,ft Jj ward JJ. Jenkins are the plain I ono action and Hebor S. Cutlor H plaintiff in the other. :l Eouiuoy, as controlling stockhf the company, is alloged to ha' L ducted the affairs of the cornpan tj-for tj-for tho purpose of advancing 1 K1 interests at tho expense or i l, purchasers of slock iu tho cd if( lie is alleged to havo conducted' lent transfers of stock, helped -freely to tho funds of tho c T and to havo caused $100,000 w !' dividonds in excess of tho actui I ings of the company to bo issue fUt of which he received as priucipa gjc holder. Tt is charged, too, that ho ( 61,150 shares of the company s turning into the compan5r perai n sets at greatly inflated valuee.'$ Mr. Romney's Version, s '! Mr. Itomnoy, when asked aT suit last night, said that the cd hnd not yet been served on J iu though ho had heard for sever fth that such a suit was being p yi He said: j ff The story is only based on dictivenesB. Tho mon involved determined upon a "rule or 1 fclu policy. They wish to contrc it I operations or tho company,;. &k failing in that, they desire tc f it. Vv.hen tho case does g fj trial I am satisfied that the '-j. gations will fall one by one.'! who aro mentioned as plaintil the caso have less than 12 poi of tho stock in the company ,?1 Hills has 1140 shares. Mr. Je 13-10 shares, II. S. Cutlor 3 gi shares and J. C. Cutler 6000 s i. The latter was transferred tt by his sou. The company is ; porated for $500,000, butt- SSi $209,000 in stock has been lea ,qJ Since its incorporation the" ' panv has paid $17S,000 n$ lr' dends. At the time of tlio' t statement the outstanding W and assets of. the company a JL balanced. At the inception q company my interest aggre ,5 about C"0,00'0 shares out of i !lu issued. !W i 'A Land Is Turned In. w When the company wns in' rated, two pieces of land i kit turned in. Ono piece on I Teuiplo street, between Sei y and Eighth East streets, waa 'a. urcd at $150 a front foot. An v piece was on Second South ,a mi and was estimated to bo 1 m $12:000. This ground is today .; &l easily $20,000. Since tho coJi j was formed ground was boua tho value of $25,000. All ofj excepting two small pieces, V been resold and the monoy tl , into the company treaaury. I -i the company was incorporate ' value of the property wns j as well as tho description byh; fcj and bounds, and also by strce ttii dress i I do not in any way fea: l final outcome of tho case au satisfied that a court of layi bo the best placo to determint t,. is honest the plaintiffs or m 1(4 Restraining Order Asked.1 4 A restraining oracr is souj the plaintiffs in the action vent Komney from making fur; 12 leged .illegal sales of company k and from conducting the afta the company in his present r Also an accounting of all c funds, allegod to have been m: priated, is sought. In additiq r restraining order, Heber O. Lu ;oii a separate suit, seeks to recover! 1 on ono count and $1500 on anot J stock which, ho charges, he pu , under fraudulent and untruo it iV tations made by Romney. J Romnny, according to too dom organized the company m lyuo. ;n is alloged that it was organize! fe for the purpose of promoting ai ploiting hia personal interests J J jets and to dispose or his a greatly iufialed values, thoroby d 1W other stockholders who we duced to put their money int Oy, company. j Other Charges. Made. jj Having organized the oompw , obtained a majority of the ato ft turning in personal assets allege M. worth far less than was ; reprj Komncv is naid to have donnna company by naming Ins own b H directors over tho protests of a j., stockholders. p One of these directors is said s been h. E. Jiomnoy, sou ofv tog fondant, who was placed on th before he was of legal ago. Tt is alleged further th at su company was organized Kpmn. purchased laud secretly and tu. over to the company at prices t in excess of the amount he a paid for it. In this wav ho ia to have defrandod tho other stc crs of at least $20,000. M |