1903-10-06-New York Times-Shipyard Trust Suits
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New York Times
6 October 1903, page 2
SHIPYARD TRUST SUITS.
Receiver Smith Accuses Schwab and Other Directors in His Answer in Foreclosure Actions.
Charges of fraudulent practices in the formation of the United States Shipbuilding Company were made yesterday against Charles M. Schwab and his associates by ex-Senator James Smith, Jr., the receiver of the corporation, acting for himself and in behalf of the Shipbuilding Company. Other promoters of the company against whom the attack is directed are Lewis Nixon, D. Le Roy Dresser, John S. Hyde, E. W. Hyde, Charles R. Hanscom, T. N. Scott, Charles J. Canda, Horace W. Gause, and John W. Young.
