The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-10
The Breach OF Trust Case I'm Boston.
FINANCIAL REPORT OF THE MiDDLESEx AND BAY
STATE MILLS


MEETING OF STOCKHOLDERS OF THE IDDLEsEx MILLS
meeting Of the stockholders Of this corporation
held this forenoon at the warehouse OF lawrence Stone
l. Co. No. Milk street. The attendance OF shareholders
large the number present being about seventy A.
T. Hail. Esq, President of the Corporation, explained It's
condition. and considered il TO have been in prosperous
state till period. He much surprised at the
late Developments. George H. Kuhn the new treasurer,
account of what doing at the mills at present
He thought there had been msmanagcment in conducting
them, 500 600 having been wasted Mr. J. Aver,
Of Lowell, condemned all concerned in managing the
surer The Lowell stockholders in general came fully
charged with Indignation which several Of them vented
with power upon the heads OF all engaged IN
the direction of the affairs Of the company. b. +.
Butler, Esq, wanted thorough investigation
OF the operations OF the corporationno whitewahg af
fair-but that would expose delinquency, if such
there committee Of investigation appointed,
consisting Of the following named genemen:-Gen b. i.
Butler, Chairman; George w. Lyman, Of Boston; J. c.
Aver, OF lowell James Cook, Of LOWELL VIM. Sohcr, Of
Boston. The committee to report in thirty days
The absence of Mr. Samuel Lawrence, former Treasu-
rer from the meeting created some remark Mr.. Jarvis
SHADES absence was caused by illness The Lowell dele
gates seemed fear that n reform not instituted in
the method Of conducting the corporations in that city, II
would become second class town. and in the
streets furrowed by the busy wheels OF labor The
tenor OF feeling among all the stockholders that the
selling agencies Of the company should be disconnected
from the financial department and thus private specula
the expense OF the credit OF the corporation be rem
dered impossible.
stone Co., to state that in his position
featuring partner he not of the financial cond
ton OF the house.
from the Boston Transcript, Dec. 81
THE BAY STATE MILLS.
The shareholders OF the Bay State Mills collected In
large numbers this forenoon, the warehouse Of Law
renee stone Co. No Milk street, 10 ascertain the
dton the corporation possible and TO take whatever
action in he matter might be deemed proper. Andrew
Hail. President Of the Corporation, presided over the de-
beratons OF the meeting, and stated the objects for
which convened. Geo. II. Kuhn, Treasurer OF the
Company, presented report embodyng the result Of
inquiry into the affairs Of the corporation -
TREAsuREa's nsPoRT.
The company has in manufactured goods. 1854 1913 SO
Goods and materials At tho mills .3s4 6s7 ~
Wool Ho,15I o.
Total $780, 7s "a
Notes receivable, s2se 7sl 81; OF these sI2s
14s 90 have been assigned with other pro
perty 10 VIM. g. Lambert, New York. and
are held subject 70 a pledge for a loan Of
xe2 ,so1 o. There are also Sal 10 0s pledged
Notes on Interest. $3.50 u
Cash Observation-Disclosures. 1889 20
Assgnees Of D. =. McGfvray Co. ......... 1874 43
Balance OF sales unsettled 1851 50
supdry balances 24l3 81
Suspended debts, si23i2o o3; less amount gra
tuity account S42, $50 o0.............. So 4el So
Total 81 ,sls oss II
The Company owes
Notes interest .xS2lalJ "
Notes not on interest. US 100 %
demand loans ooY<ao -
Middiesex 20. loscs .e
Balance, including those due al the mills. 70 $40 IL
Total. .seso,oss ~
Lawrence, Stone o+s 20