The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-10-17

The following statement, extracted
from the Dcnison News, shows n piece
of pretty sharp practice, by which the
stockholders of the Denison publishing
company were euchered out of their
stock. II Is u fatal defect in the laws
of this state that allows property TO be
deeds without being previously adver-
tsed for Il special period in the public
press. IL opens the door to great
deal of oppression and injustice. The
press of the state ought to unite in n
demand upon the legislature ut Its
next session for change Of the law in
this particular
To the Editor of thesDenison News:
IN your issue Of Saturday last is an
inquiry concerning The whereabouts of
the Denison publishing company, AS
u stakeholder, representing full one
third of the sixty shares, Twill inform
you that ii has "woodbined" IL oc-
cured thus: +. p. Baker, who was
not a stakeholder, became dissatisfied
with the Times, when under nay con-
troll, and thought the best interest of
the paper demanded change.
Thereupon u majority of the stock
was manipulated BY him in such u
shape as TO put the paper and affairs OF
the company in the hands Of that able
linancier and experienced business
manager N. r. Baker, his son, and
under whose superior management
the company was run in debt over six
hundred dollars in less than three
months-bcsidcs losing much of its
best patronage. no meet this indebt.
edness, n. r.. Baker borrowed money
from his father, L. P. Baker, postmas-
ter, ut two per cent per month, to Sc
cure the payment of which he gave n
deed of trust Of the presses and print
ing material of the Office. This note
was not paid when due. The secreta-
ry, treasurer and business manager
the tria juncta in uno of the company,
N. r. Baker, did not notify the stock
holders of the same-ir fact the presi-
dent of the company, and two of the
directors nor single shareholder
unless, perhaps Ed. Perry knew
that cent had been borrowed on q
note, or that deed of trust had been
given on the property of the Office. No
call was ever made on the stockhold-
! ers for m assessment to pay the debt !;
nor was meeting of directors or
shareholders ever called to provide for
said payments All was kept as quiet
~ as possible. i. p. Baker barely COM
piled with the law, by posting three
notices of the sale, which were in such
places, and in such form and shape as
to attract as little attention us possible.
The sale took place on last Thursday,
in the Times office, and in the
presence of the employees of the office
only. There was no cutlery made--no
effort made to have large attendance
at the sale All was rs quiet and sly
as the "familyn could make it. 1t was
sold to Mr.. Irish, nephew of +. p.
Baker and an employee In the office,
whom it is believed by all who know
him, has no money to invest in print
ing material. Consequently the whole
thing will be manipulated into the
hand of the Bakers, in accordance
with the original plan.
Thus have the Bakers used the
stock company to get rid of me, and
then kicked the stock company out to
get possession of the material of the
Times Office, which leaves the print
ing company without an occupation.
DAN, WEBSTER,