Show I WANT It U G 0 3 W Minority May Mil HilniC Suit Hull to tn Compel minority of ot Rio fin Orando Grande Western stockholders stockholder are over OCI tho the passing of ot dividends ami an nil earnings Indicate that a 1 6 G per com dl dh 1 b dond ought to tu bo l a n unit slut In III Incourt court ruurt In Is promised The Wall Willi street Journal In III a 1 long article on Oil tho the mutter says soya It Is now note reported d that the dividends on Oil Hlo Vestern preferred stock lire fire temporarily HUH BUD and amid that tho time wilt will ho bo devoted to ot of the tho property A preferred stockholder Inquires In III Inquires quires of ot us whether this title mot can legally or properly bo be done mill and tho the Hlo Itlo Western Is not earning Its It preferred dividend beyond question Time Tho company reported r tor for tho the year ended June JUliO 30 1001 1901 ns as follows earnings n u Operating Oll expenses 32 Net earnings a n IC 8 Other Outer laconic Income u Oro H Income 8 Interest trues and rentals Not Net Income Preferred dividend lyl 5 6 per lIeI corn cent Surplus E It I is II thus clear that hi II the limo statement to the tho real 1001 facts tho limo company earned last laRt your year lust just trice the tho amount required to meet tho the 5 Ii per por cent cant dividend on tho preferred stock Block Clearly the tho road Is III earning tho the dividend on all tho the mid and thorn them fore time supposition must ho bo that It needs ho the tilt for something ule ulsA uleA else elseA A minority stockholder might night ably question the time right of the company t to divert his Income In title this WilY way and amid unless It could coula bo lo shown that the bout Jo t interests of tho ho company Itself re mc required this tole diversion ho could probably obtain redrew No majority t thas has hns a right to prejudice tho Interims ot mf a n minority stockholder oven Its own Interests are equally prejudiced pre u diced |