Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-03-21


selvcs--A stockholders Meeting Last
Night. A-4gH Il
so much interest has been occasioned by
the publication in The GLOBE Of an inter-
view with Mr.. Sander, who was recently
ousted from the management of the Voths
zaituuq that globe representatives were in
structed yesterday to obtain the views of the
other side
INTERVIEW WITH F. WILLIUS, ESQ.
The reporter first called upon Mr.. F.Willius,
President OF the German American bank.
who, according to Mr.. Sanders, statement,
is an important factor in the controversy.
In response to the reporters question rela-
tive to his connection with the matter, Mr..
fViius at first declined to make any state
ment. but finally said:
The German American bank never had
anything to do with this newspaper business.
The company makes its deposits with US,
and has received a larger amount of accomo-
lation than it was entitled to. That is all
the bank has to do with it. -.e
Rep--Are not stockholders of the bank
stockholders in the paper?
Mr.. W.-Quite number of Volkszeitnng
stockholders are stockholders i'll the bank
but there is no connection between the two.
Rep.--Was the paper prosperous under
Ir. Sanders management?
Nh. W.-(Referring to the Sander inter
view which the reporter had supplied him)
Nir Sander says here '.from the time Of
etarting i'll September, up to January, things
worked well and I considered the paper was
doing very we'll" The books of the COM
pany show exactly the contrary: That is all
I have to say on that point.
Rep.-What was the commencement OF
the quarrel? 80
MI. W.--Mr. Sander calls it quarrel,
which, he says, grew out of reported de
felt. do not call it a quarrel: at all. He
probably refers to the appointment Of q
Committee of directors to examine the books.
This committee was composed entirely
Of friends Of Mr.. Sander, and
they reported unanimously :: that the
paper was run too extravagantly. The com
,nit'ee was appointed because the report
made by Mr.. Sander to the directors showed
that expenses were too heavy.
Rep" hat action was taken on the re-
port Of the committee?
Mr.. W.-Tne committee made some
recommel dations, which Mr.. Sander
strenuousy objected to. There
are some thirteen or fourteen
outside stockholders, and we concluded, il
view Of Mr.. Sanders opposition 10 some
proposed changes, that it was important anc
necessary for us to consolidate our interests
in order to save what we had put in. There
were other reasons for the action un
necessary to Explain here. Twas not mem
Der of this committee or an officer of thu
company and never have been, but simpl,
acted with others to combine our interest
and save our money. It is untru
that I have ever tried Will
Sander was in charge, to make myself off
ciOus, or in any way dictate about the man
agement Of the concern. The steps whicl
have been taken by the outside stockholders
were deemed absolutely necessary to protec
themselves from the continuance of til
management which had taken place unde
Mr.. Sander.
Rep.-Has it been running any bette
under new management?
Mr.. W.-They have not been able to d
much more than to get tho old matters in
to shape, and, in fact, they are at work upo
that yet
Bep.--What proportion of stock does you
side hold. Sd"
Mr. WI can't state accurately. Thel
is 200, and think our friends hol
about $4,000.
Rep.-Is there any further controvers
going OH for the controlling stock now?
Mr.. W.-There is none. There is to be
stockholders meeting this evening and l.,
port will be made showing Mr.. Sander
management in detail, and that report
shall move to print. Lam willing all of N
connection in this matter should go befo1
the public if it is properly stated. z /.
Rep.-Can you supply The GLOBE with
copy of this committee report?
Mr.. W.-If the stockholders consent
its being printed, as hope they will, you ca
have it.
CALI, ON MR.. LEUE.
Yesterday afternoon a GLOBE report
called upon Mr.. Leue at the TozksseSt,1,
office. and being courteously received, e
sayea drawing out that gentleman's opinio,
relative to the interview with Mr.. Sander,
given in The GLOBE of Tuesday, and Il
several points contained therein. Mr.. Leu
hewever, very courteously, but firmly
cllned making any statements of any XII
whatever in reference to MI. Sanders alleg
tons, saying he preferred awaiting futu
developments, which he said would be so,
forthcoming and would explain the who
matter better than anything he could Sc
To those who were impatient to know t
facts, he would say time would show W
was right. r .sa
STOCKHOLDERS MEETING.
A stormy meeting of the stockholders "
held last evening, continuing until elev
o'clock. 1t was decided not to print t
statement in full, alluded to above by \
Willius, but to prepare a document for t
public, giving the leading points. ?5.
Both parties are now resting on tn
arms waiting for future movements.
THE JFOEKINGMEN'S SOCIETY.
Tho Meeting Last Evening Decides
Favor of the Fort Smelling Bridge.
= The workingmen's society held a meet
at Armory Hall on Wabashaw street last ev
ing to further consider the question of '
ing upon the issuing of bonds for the F
Smelling bridge. Brief remarks we're m,