The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-02-08

Si,l.'p
nv this showing, said Mr.. Knlgl tho COM
phny has earned eight per cent On the par
value OF It's stock ~ enforcement of the r.id
economy inirOdU ed I'm lts management. BE- saw
az l,"S.h WY us .alnlhL~ SiiuHu NOT De M
crrnScd 10 81 .0u1ool this year. OF course II was
suffering, a. other companies wcrc, from
the break in t1e price of coal. But the
people Of New York did not want conl at
s. "A ton. They were willing To pay living
price for it-nut less than e. Representative
Of the companies interested had already met.
vital interest, matters of detail were
H. H.. LILY cS oo To- keep them qpari FIR lons
lh" company and hankruily. The loan would
To- az well secured ~ any loan In the country.
II taken with the promptn ~- the common no.
t. serve the stockholders. To them il was "A
measure of -prot,,i on and they alone could
Hlpiy We remedy Mr. Knight was loudly ap-
lllud"t NJ he took his scat.
Mr. J. Wordcn Gcdnry snil that he repre-
- ui 81 lioO Shur's llc gen that sui -crihins for
unless Ia" OIL rr- could give some further in
formation. The loan wis t. b. secured hy
i"hish und Nilkc-iarre tonl Company bonds.
How murh were these bonds woihy They
wrr" said 20 hr worth el, hIt bee had hr,n in
formed il would hc dini 'ut - dispos, II
them at Is. Further. u would b. we'll IA
know whether some Of these bonds had
not been already hypotheoat.d "a security for
call loans. Could fho officers assure sinrk haI l.
rr- that tho sluul.O0u asked for would pay AN tho
unse urcd debt. including interest aud salaries
already long du" to employees What WIS
k
and rails The last dividend had been paid
with money borrowed for the purrosr.
An old gentleman nSl "a with some asporify
Wh'thvr NE Sp'nkrr WIS Bona ild" stock =
holder Another old gentleman. with "a tome of
withrrins contempt said Ask him II he
ed that he owned 100 shares in his own right
and represented 1000 more
:, In reply 10 questions from W. VI. Imbric.
President Knight stat II TINT the floating debt Of
the company WAS about s. 800 .OOO and that 81 O1
GO co Of The paper Of the Thigh and wilkesbarre
MIR. lmhrie thought President Knight Just tho
man for the place, The trouble had been that
wrr" entitled Ia had been unable 10 get il. H.
moNedthnt committee - five. with Mr.. knight
rs chairman, BE- nppointd u examine the books
and report at "A future meeting.
=, he motion WAS carried without dissent. but
Mr. Knight p"romptorily declined to serve.
though he was ready Ia give the committee
every ass Stance in other ways. On motion the
committee WIS lnstru ted to 10 20 work at once.
ana and, To rNl"r on me ,7p1nt. The chair NJ
Z. VI Crazy. The commiit.c 'rctircd and
Chairman Potts told tho meeting what he
knew about anthracite coul mining. lie had
ho"n IN the business. hc said. since le2l. The
Yr,-"nt depression was nothing n. W. II would
~ and prosperity. Now York citv needed 90
ooo.ooo tons, 81 which from two 10 four millions
must 20 over the Jersey Central MIR Water
manof Philadelphia cx Gov. curtin, and j. g..
Bull tt Of Philadelphia. then spoke IN compile
W'niliy trmS ~ ne manae"nenisot IF. sid NJ
know h. could save the road with the so,Ooop0O
asked for.
mii"e returned ana reported that ii'y found "a
nohttng debt, including iIls payable and un-
paid. amount luc Ia" lehigh and Susqu rhauua
for rent, and the sum due employees. II sl5E-
0on. Also hllls endorsed On account of the To-
high and W llkcShUrro Company II sil4i. lrn.
The ind htoduoss Of tho two companies was
Ton r.. ana sLHri Nli bonds az t4r W.lku-hIrrr
tml 1uulMny, The C.M Comrany WAS M