New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-28
The Picayune StOckhOIders-The Meeting
Inst Night,

| II
! The Picayune StOckhOIders-The Meeting
Last Night.
At the request of number of the stock
holders meeting of the stockholders of
the New Orleans Printing and Publishing
! Company was called at the rooms of the
| Chamber of Commerce last evening.
DR.. D. w. Brickell was called to the
chair, and Mr.. Watson, of the Pjcayune
Office, was appointed secretary.
| A roll Of the stockholders was called and
quorum was declared to be present. AS
the secretary reached the firm of Howard,
Simmons 81 Co., on the list, he added
''$25O0 paid on account"
Mr.. Charles T. Howard rose and asked
the secretary to explain why that entry had
| been made against the name of the firm he
| represented.
The secretary rejoined that it had been
done by order of the board of managers of
the paper.
At this point Mr.. J. Davidson Hill moved
that the hall be cleared of all not sto ck-
| holders i'll the Picayune Publishing AssO-
citation. This was an evident drive at
few reporters of the press who were pres
| ent, Mr.. Hill having healthy dislike fer
this class of people.
Mr.. S. n. Moody moved to amend the
motion by permitting members of the press
to remain. The motion was carried, with
this amendment, bat since the press re-
| pOrters were the only persons present who
were not stockholders, of course nobody
Withdrew.
Mr., McCloskey explained that the reason
why the remark was placed against Mr..
| Howards name was that $500 more was
due on the stock for which Mr.. Howard had
| subscribed, which had not been paid, con.
sequently Mr.. Howard had forfeited every
thing
Mr.. Howard stated that he had never
been called upon to pay up the balance;
that he had been good part Of the time
absent from the city, sand these were the
reasons why the amount had not been paid.
Mr. Howard explained quite fully his con-
nection with the Picuya0e movement Con-
sidering the "villanOus habit of throwing
dirt" which had characterized a certain
class of newspapers, he had subscribed for
forty shares of the stock, in consideration
| of which it was expressly agreed that he,
Howard and the Louisiana Lottery assO-
citation, of which he was president, was to
be let alone He had complied with his
part of the CONTRACT by making the pay
ment required. The speaker said that his
| idea of business morality led him, when he
made a contract to go through hell, if
necessary, to keep it. On the other hand,
the mana gers of the Picayune had not kept
their part of the contract. After little
while they commenced abusing him, and
abusing him personally. Then he ceased
paying. He thought of going into court to
compel them to keep their contract with
him. He had been abused and Villifed as
no other man connected with a corporation
ever had been, and was tired of it. He
concluded by asking the meeting to deter
mine what his status was.
Mr.. Katz moved that Mr.. Howard be al
lowed to vote ten shares in this body.
Mr.. Pagan moved to lay the motion on
on the table.
Mr.: Marks called for the yeas and nays.
Mr.. William Woelper was appointed as
sistant secretary.
The vote resulted as follows on Mr.. Fa-
gan's motion: l35 stockholders cast 1873
votes yea; As stockholders cast 80 votes nay.
Mr Howard then withdrew
MI R. B. Forman submitted the following
resolutions;
ReSoiCed, That in the present political
condition of the State of Louisiana, the
responsibility that rests upon the board of
managers Of the New Orleans Printing and
Publishing Company, in conducting the
daily PicGyuHe, IS a most important and
delicate one.
Res0lred, That i'll advocating the election
of Greeley and Brown and the united State |
ticket, and holding the paper unhiBchingly |
the declared enemy Of all men and schemes
tending still further to degrade and i'm !
pOYersh our people, the said board had |
done their duty to the stockholders and the |
community at large.
ReS0lUed That we, the stockholders, have |
the fullest confidence in the ability and in |
tegrity of the board Of managers OF the |
company. and that we Confidently commit |
the Picay1gHe to their hands.
Mr R. H. Mari, offered the following |
additional resolution, which was accepted |
by Mr. Forman:
Resolred, That we the stockholders ap- |
prove, and desire no change in the editorial |
management and present administration of |
the New Orleans Printing and Publishing |
Company.
Mr.. J. D. Hill moved the previous ques-
ton upon the adoption of the resolution.
Mr.. Lemarie moved to lay the whole |
motion on the table, and called for the |
yeas and nays.
Mr.. Lemarie was ruled out of order.
The previous question was put and the
yeas and nays ordered.