Litchfield enquirer., 1873-06-26
THE FARMERS. MAX co.

NJ eM
 Our readers will reccolleet report ir our paper in September last of Milk Meeting in New Milford, held for the purpose of engaging Housatonic milk pro- ducers in the Farmers Milk Co.,, a cor poratlon designed to take the business of selling and distributing milk out of the hands ef the rings that swindle both pro- ducers and consumers in New York city. At that time near SIC, GOO was subscribed by Housatonic producers to the stock of the proposed company. Since that time It has been claimed by the company that $2OO, 900 of their capital has been taken. and instailments have been called in. Those who deal with the company, how ever, have had great Irregularities to con- tend with. Return of cans has been un- accountably delayed. On Monday of last week the Housatonic Milk Association held special meeting at New Milrord the proceedings of which are fully report ed in the Journal. .,s -f.
 i MT. F. N. Hall, president of the Asso- citation, said that their subscriptions to the stock of the Farmers Milk Go. had been made with the, understanding that they were not to be binding unless $200,- GOO was subscribed. Instead of waiting till they had had got the necessary capi- tai, however, and instead of owning horses and wagons, as proposed, and retailing the milk, the new company had gone into the commission business and were wholesa1- ing the milk to the pedlars, the very class of men which the company was organ- ized to get rid !.of. It was also thought by many that the farmers had been de- cieyed as to the amount. of the subscrip- tions; that in reality less than one hun dred thousand dollars had been sub seribed.s1The chief officers of the new company had been invited to attend and explain their course, but had not put in an appearance. He, therefore, invited MT. T. s. Gold of Cornwall, former treas urer of the company, to give what infor- nation he could. a- 5'e !. s- '-l.-- - i'
 Mir. Gold read letter from the Vice President stating that only $10O, ,000 was actually subscribed though eight farmers had agreed to take the remaining $1OO, ,OOO a0ith tue a0aderstaeding that so assess meaats soere to Dc paid on it. He also read a letter showing that the Erie stock holders had concluded to pay no assess ments. MT. Gold himself had conclu- ded not to pay the assessment called for on the stock he had taken.
 Mir. Futile of Sheffield had tried send ing milk to the company, lost his cans, had been damaged between $500 and $40O, Dr. Tayler denounced the whole thing as a swindle and wanted a receiver appoint ed Mir. H. O. Warner agreed with Dr. Taylor, and felt especially disgusted that the company had appointed P. c. Gum mings as superintendent ists rsL gs-
 Every one present was dissatisfied with the management of the company and the following resolutions were passed by the Assoc1ation: l7sqAs19rs aT os ze.- ar EResotvcd, That the Farmers Milk Com. pany has failed to accomplish. the object for which itt was formed. ny '5 ss5-- fl
 sResotved, That. we will not pay into it's treasury any more money until we are satisfied that, that which has been paid in has been properly expended. =. P ResoIDed, That the President appoint q committee of five to, attend the stock holders meeting in New York on June 27th, and to previously examine into the affairs of the company, and to take such further action as they think best to pro- tect the interests of the stockholders. :" Messrs Leonard Futile, eShefield;T s. Gold, Cornwall; N. 8. Hart, Cornwall; M. L. Frost, New Milford; A. B. Lake, New town, were appointed as the committee to carry the resolutions into effect. ba