Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1855-12-13
HERALD or THE TIMES.
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THURSDAY Dtct mber Is, 1876

THURSDAY Dsct mber Is, 1876
~ The bogus Directors Of the Newport
Gus Light Company have issued Circular
proporting to give statement of the affairs
Of the Company for q period Of ten
months, ending the first day Of the present
month /; this Circu lar has been sent out to
the stockholders: through the Post Office.
We shall not comment upon the figures
Of this Report, at present,-except to sny
that they are calculated to decieve,-reserv-
ing any remarks, in this connection, which
we may deem il proper 10 make, TO future
occasion.
We will give sketch Of the bogus Di-
rcctors Of this Company, and show to what
exten, they have a pecunisry interest in its
affairs Henry Bull, when he attempted to
get the exclusive control Of It's affairs, in
February last, owned, in connection with
his partner, Job A. Peckham, seven shares
Of the stock. Ia building the Works
large quantity Of materials was purchased
of Teckham g. Bull, and in the settlement
Of their account they took four shares in
part payment at the time Bull was made
President Of the company,-which was
done al our particular request, and against
L g advice Of many prudent men, we labor.
ing under the strange delusion at the time
that he was high-minded man,-Lock-
wook & Co. made him present Of three
sl,,res Of the stock. Every one will per.
cieve that Bulls stock did not cost him
much.
William Finklsr, Of Milwaukee, Ger
man broker, is another Director he with
his partner. Townsend, made a trade with
Lockwood e. Go. for some land in Milwau-
kec, and took portion Of their pay in the
stock oi this Company. Finkler purchased
his stock on speculation he has never at-
tended ay Of the meetings OF the Dircc-
tors since last February.
William G. Peckham, of this city, owns
five shares, or did own them at the time of
the election he purchased upon the
express condition that he should have the
wariage and carriage of the Company's
coal ut the time of the election he blew
hot and blew cold, and was entirely willing
{" 70 with either party which he thought
would b. successful, and continue to him
the above named emoluments.
Samuel .Engs, of this city, has stated
repeatedly, at the time Of the election and
since, that he did not own dollars worth
OF the stock he participated in this dirty
work, as matter Of revenge.
Silas ii. Coitrell, Of this city, did not
own any stock at the time of the election,
and we do not believe that he ever has
owned, bona6dely,a single share of the
stock he embarked in this crusade to
crafty his revengeful feelings, because he
says that we were instrumental in turning
him out of'.hat famous old Town Council
IL his charge is correct, we certainly per-
formed meritorious work, as almost every
one will admit. Mr.. CottrelIr reason for
participating in this warfare is indeed
very high-minded one, and rejects credit
upon his profound intellect, and admirably
illustrates the nobility OF his nature it is
something TO lie proud Of.
This is brief sketch Of tho interest
which these bogus Directors have in the
Company, the exact manner by which they
have acquired it, and the reasons which in
dnccd them to pursue the course which
they did ;.all the men who voted with Bull
At the election, with the exception OF two,
perhaps, were our bitter personal enemies.
Bull was ask cd il he wanted to remove us
from Office, why he did not take men who
were not unfriendly towards US, to assist
him in accomplishing his object ; h. re-
piled that he could not obtain the services
Of any except our enemies. He told the
truth for once, when he made that remark.
This Report is signed by Henry Bull, as
President, and was undoubtedly written by
him, and corrected, dramatically, by Nathan
II Gould, the Secretary. The following
is the concluding sentence -
"At The time Of the last annual election
fears were entertained of an over-issue of
stock, arising mainly out OF the facts that
access to the transfer books was refused to
the President OF the Company, and that
five certificates Of stock, duly signed oy the
President and Secretary, were known to
have passed from the Secretary's possess
sion, improperly I; the usual marginal re-
ference being omitted, and no record made
Of the party or parties by whom said GER
ticates were received, or tn. purpose for
which they were designed. But these
certificates have been detected, returned
and cancelled, and the Directors now feel
assured that there is NO outstanding over
issue of the stock"
When Henry Bull penned the foregoing
paragraph, he knew perfectly well tina, he
was writing wilful and malicious false
hood. During the year and half that we
oficiated as Secretary of the Company.
Bull had free access at any and all times to
the books and papers, whenever he desired