National Republican. (Washington City (D.C.)) 1872-1888, 1878-03-07
NoRrHERN LIBERTY MARKET.
Annual Meeting Of the stockhoiders-Thcy
Take Little Stock In the Report Of the In
vestigating Committee.

Annual Meeting Of the stockholders-They
Take Little Stock In the Report Of the In
vcstlEating Committee.
The annual meeting Of the stockholders OF the
Northern Liberty Market Company was held at the
office Of the company last evening
The president, Mr.. James Hoffman, called the
meeting to order and stated that he glad to see
so much interest taken in the affairs ofthc Northern
Liberty Market Company. lie did not wish 10 al.
ludo TO anything that had occurred at the last
meeting. The directors had been 10th to engage in
newspaper war, and hal concluded to allow the
statements made In the daily press 10 60 for what
they were worth. lilo then requested that any gen.
teinan who desired to address the meeting would
do so.
Mr.. Ryan stated that he hal been unable to pro
cure all the copies of the reports OF tho invcstig
ing eommiiicc.from the printer, but such as he had
The president asked him to wait until the sccro.
ary had read the annual report Of the condition Of
tho company
The secretary, Mr.. George King, then read the re-.
port of the dDings of the company from March /,
1871 to March l. 1873, which shows that the assets
a surplus of 1877 Gs2.20.
Mr. Parker moved that the report bc adopted,
which was agreed to.
Mr.. King said he wished to make s statement re-.
sardng the section of the BY. laws which relates 10
Stockholders In arrears not being competent 10 act
u had been stated that some OF the director, be
Ing In arrears, were not legally qualified 10 act.
whereas II was clearly proven that the constitution
made no such provision.
and read tho section Of the constitution, which
clearly states nor shall any drector In arrears be
qualified 10 act"
BAD OPINION Or THE INVESTIGATING CON-
MITTEE.
Mr.. Kelly, one of the Board Of Directors offered
"Bc Il rcso,rei That the so.called examining
committee be now discharged; md 1t Is the sense
tempt to convey o false impression, deceive the
public, and use the opportunity accorded them by
this company In making so-called examination
rcctors at the coming election"
Before vote was taken Mr. Ryan addressed the
meeting at considerable length, during which he
dealt severely with the secretary and board Of dl-
rcctors characcrizing them as utterly incompetent
to fulfill the duties imposed upon them.
Mr.. Kelley replied To Mr.. Ryan BY stating that
the entire report was erroneous anu tcudcu " reflect
on the directors.
Tho resolution was also DISCUSSED by Mcssrs.
Parker aud Miller, the latter stating that Il an
unhcnrlOr'prOpOsiiOnt that the stockholders should
be hsEcl tn ccnSlifc a committee before they hud
heard the report read.
vindicntc himself from the charge made by the
committee that he was incompetent. He said that
on several occasions lie had corrected the eX,crt
employed 10y the Investigating committee (Mr.
Atleel and he did not think II right that he should
be called dCiatItcr when such was not the case.
he gave detailed statement Of the transactions Of
aud concluded by quoting several passages from
SlnkSnCarc regarding his good name.
Mr. Parker, niOlnCr member OF the committee
dsclaimcl any intention of casting reflection
upon Mr. King or any member of the board Uf
directors. The Conm.tigc had been appointed by
the stockholders ami hal performed their duty at
great personal inconvenience Their only desire
was 70 ascertain the actual condition Of the com
piny, and they nud made their report in accord
nncc with facts elected by examination OF the
books
Mr.. Kelley asked permission to Withdraw tic
resolution offered by him ceusurlng the committee,
and that the report of the secretary just read should
be added to the investigating committee report.
Mr. Ryan objected, but
TIE MEETING REFUSED TO SUSTAIN HIM,
and the resolution was withdrawn.
The president called Mr. Uyster 70 the chair, and
dividends, during which lie gave an Gccuun, OF
the cost Of bun ling tie market properly aud the
amount Of stock Subscribed for.
Mr.. Ryan asked permission 10 reply to Mr.. lIOh-
man, which was Icnr cd by vote Of - to IL.
The mcctngwng adjourned without electiny new
officers.
The following figures, transcribed from the
books Of the secretary, MIR. King show the present
condition Of the company:
Amount received from March !, 1871, to
Expenditures in curtailmont OF debt &c. ;tjy0578j
Balance on hanI sI7n.20
Assets of company 1925
Liabilities 2l7IjG7j
surpIu,...............................;lS7 ,6S740
Assds.
ReA estate. S9GS &c. 60
ltcut dur tor stands NEUTRALITY-SUSPICIOUS.. i3lGirN
lent Of stand due t. lst of February by
occupants III markCt.................... 800 1906
1885
LuLRtiss.
Bills payable and open nccouns......... 30 aoG75
Total ...................,,....s 227 1913