NEW YORK, Oct. 29.--Guggenheimer and Untermeyer have begun eight suits in the supreme court in behalf of English corporations and capitalists against G. H. Wynkoop and Theodore N. Vail, formerly president of the Boston Heating Company, and now president of the consolidated Telegraph and Electrical Subway Company, to recover $250,000, alleged to have been procured for them by misrepresentation. Among the plaintiffs is John Pender, whose claim is $50,000. Included in the corporation are the trustees, executors, and Securities Insurance Company of London; the Bankers' Investment Trust Company, of London; United States and South American Trust Company, of London; the Army and Navy Investment Company, of London, and the Mercantile Trust Company, of London. It is alleged that the plaintiffs were induced to invest their money in the Boston Heating Company on the representations of the defendants that the company was on a sound financial footing, which representations were false, as the company wound up the second year without realizing anything.

Source:

Unknown, "Sued By A Syndicate," The Washington Post, Washington, D.C., Thursday, 30 October, 1890, p. 1.