The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-05-27
WIN. T. DODGE'S SPECULATION
yoRr THiN SfOO.00O SUNK IN UORKING
CRlOLIfE UNDER 4 PITENT.



prrsrflLp, Mass. May 2j.-Thc Amcri-
.ontINCast Porcelain Company was organized
N Philadelphia about ten years ago. for the
,,orufatur'o f ware from cryolitr. They held
al fine Cheney patents AMI mouopolizrd the
material. taking hy contract with the Nntrona
sar Works Compuny-thc solo importers all
a., consumed hy that concern which was
hrouet ~ this country. Difficulties were
encountered i'm the treatment of the material.
money WAS wanted and Gen. c. c. Dodge.
ooo Of the principal stockholders Of tho
company. persuaded his father. VIM.
r Dodge. a. make some largo cash advances to
enable the pursuit Of experiments. and the in
reduction " the now product. still the enter
rrsc WIS slow ot success. In the meanwhile.
The IonoN Plate Glass Company was formed on
the basis II some real estate and sand bed in
Massachusetts, and heavy load Of debt
contracted in Obtaining machinery. It
turned ont good unpublished plato mt
nrst and soon after made good polished
plate. hut It's affairs like those vi the Porcelain
Company laneuishcd. and Mr.. Servin. trrus-
urer Of the Lcnox Plato Gluss Co.. thought Of
combining the manufacture Of cryolito with
that of plate glass. their machinery being we'll
adapted thereto. Negotiations were opened
with the Porcelain Company II wns represent
ed thai tie dohts of the Lrnox Plato Glnss Go.
we're small and that II Mr.. William l.. Dodge
who was simply stakeholder In the other
corporation would subscribe si0OOn in cnsh
his name would enable thcm tp obtain other
large amounts aud the company could be- re-
organized ON the consolidated interests of the
two existing corporations. upon large ana
profitable scale. Mr.. William l.. Dodge did put
In the desired sjoOOO. anl. to clear tho way 10
an arrangement. agreed to assume dpNs ~
the Porcelain Company t. the amount oi $4,000
There were on hand .001 tons Of cryolitr--
worth then 10 cents per pouud-and Tor that
material, the, patents. The contract with the
Natrpna SAT- Works Company. and certain ma
chinerv. the Porcelain Company agreed 10 ae-
cept slJNnlN IN the stock Of tn" new company.
spd s sSoT~ I'm IN l3nSrunqrphG n ,n S'm NE
now corporation WIS the IcnoN Glass
Company. Tho. statements of officers ~
the old LrnoN Plate Guss Company as Ia the
amount Of that company debts were accepted.
instead OF examining their books. and II WIS
not long after tho formation If the now corpur-
alton before the discovery WAS made thnt tho~c
liabilities amounted to ,33G.Ouu instead of sjn.-
000 or 100000. Under that debt the Now ouri-
In addition to Mr.. Dodccs si0OOO wcr. sub
serihed--out of the sSnO.uuO contemplated caui-
these negotiations Mr. VIM T. Dodge wis n
consuming stakeholder. not an officer. AMI ns
the allegation has hecn madc TINT D." and li-
son owned CONTROLLING interest in the lurcv.
lain Company, les we'll to state tnut they held
but COO out of luOOO shares Of stock.
Alter the failure of the IruoN tiluss Cumunuv
when the original stockholders of the Porcelain
Company applied for n dissolution under the
laws or ,PennsylNanin. some of thor associate
stockholders objected. and fled bill Ina equity
against the! !. which. after pending n couple II
years. WINS Discontinued 10y the obiectors. The
next appearance Of these mixed interests be-
fore court was IN an action brought lay the
LrnoX Plate Glass Company. cow pending here
wherein i Il, ALLEGED That 10y Tho, ialsc rep
resentati9ns OF either William T. Dodge. rGcn.
{. c. Dodge. or II. I. mason Vice
President Of the, Porcelain Company the
confidence Of the lcnox Plate Glass Company
was abused and they were done out Of some
tG0000u The trial Of the suit was begun I'm the
Supreme Court here before Judge Amcs ami
jury, on Tuesday morning. An adjournment
was had over "Wednesday. and with the eNrep-
ton Of that time, Mr.. 4. r. seryn. Treasurer
and Director Of the old Plate Glass Company.
anu also ci the new corporation has been upon
The witness stand during two entire days.
orally declared thnt he mot Mr.. Dodge In New
York nj Mr.. HOuseyet's Office. and was urged
by him 10 EXAMINE into tho practicuhility Of
from cryolitc with that 81 rlatn glass
that he went To Philndelphin aud there saw GA
lusha \. Grow-th"n President ot the American
Hot Cast Porcelain Company-who told him nll
about cryolite. concerning which he had hriore
been in happy ignoruncc-whrr" u came
from what IL was good for. and how much
money could bc nude out Of 10; TINT hr got
bntch Of tho material anlto-to j. finding that it
proiuceda beautiful ware, hut difficult % work,
6 liable To- iractur" IN cooling, chanE' oi color.
a.. TINT r. j. Mason. in the presence ot the
lodges. urged him 10 contract for copsulidn-
uon Of the companies, assuring MIN that ihry
would insure the LenON Plate Glass Company
against loss. and he insists that. in the Use Of
the word they" Mr.. Mason mcaLt the Dolges
AMI not the Porcelain Company.
On the s-eNamnution. Nr. Serviu admit
tel that eighteen mouths lwiore ih" arrange
mruis 10y which the companies were prH" ally
consolidated. ho hal hr"n wnrking ia th" uuin-
tits furnaces and works az L,noN this article
crv0lite. and experimenting in ia" manu-
Nture 81 certain war = ihrrcirom' that
he was already. at the time oi tA"sr nrR'.
t,a'ons,l 9hht'r hvn y.ar rnnir W
wnfrs. which cOutrunt was only cancelled upon
ne formation of THIS new contract and ronsuli-
datuu: also. that the amount ol the plaintiffs
debts whirh were biuily assumed hy the
new company. was s}3i.Onu. that an tl"
defects in cryolIte and difficulties IN It's
Use, instead Of having been conceal. IT
from him with fraudulent design 10y
pr Dodge were actually already discovered
hy AMI known to him. also That this l"n"N
GLASS Company. with which the porcelain husi-
mss was consolidated. WIS organi2"d hy the
oWeorS 81 inns pnntllt eorrorWlon ON capt
Nl ol $1,000, which, under the laws Il TIE
SAlt, should have been paid in IN money!
6lt for which. in point of faet, nothing hut
checks We're eyer presented: that those checks
paid and tnat Treasurer Scrvin made oath 10
Aretnrh io the Commissioner 81 Corporations
IN point u fact. 1t lad not. Also. that Very
SHORTY alter such organization h" Urol u~'d tp
mcitnsg this limited capital u ssllJnll' INA, ~"
~ UNrl toward mat amount SCUM" rom ar
" T. qigr. and about 100000 from other mr.
u's which was all the cash capital that the
company oyer mad. and that this wis mainly
k1hsumrd IN the payment oil the plhlntllr
ue. ia assumed by the now company.
me puutif contiaued the Introduction Of
Wsulnony on Friday morning. Mr.. Addison
nAhhwnN, one OF the directors oi the lrnuN
u'iss COMPANY. testified that that corporation
Iolrd only about forty sheets of plat" rrNultc.
Ngi ih Oh" processes broke as many more. Han
OF me oUo'i- turned uut from their furnaces
Wer0 ni ervOltr. George q. Peck. another dl-
rector, testified that Mr.. W. r. Dodge r'prr-
snh''l iur crvullts business tu him rs highly
ts-tul. and as demanding larger works 10
carry It on. Henry A. lder. manufacturing
,htmisi living iu Lebanon. y. T., Dor" witness
having bought and used "a grent many ergo
itc hNt'-, mudo an the l"nuN Glass Company =
nWhH, anu they did not turn OUT well, beng too
tIluN. Out ol $1,000 only 90 juu stood service.
nHHlli lNd"u, son oi the preceding witness
,Mtwnrat"d these repr"s 'ninti0us ot the dpuhl-
,u' Ntu' ol cryptr. ~ i. SrrNiu. recalled,
Itul'sard 10 give "a detailed statement Of the
G"uAso sustained by the Lemon Plato Gnss
tlHIiny lrIm IT'S cryOlitc venture. Five huns
nlfl lnu- ~ cryplIte, bought for sju.unu nOml-
W!ly, being pui for i'm stock of the CONSOLE
uWto company and sold again for sl,uup i'm
"sH Nu thn failure Of the con lunv, hr
~ down as netting loss Of 81 Olp
aanaf lilru's Tor inc mnnuiaclure cost {lWDuup.
sahu Were worthless. Upon crOss-rNuminaii0 n,
Nv witness admitted that no money wns paid
NJ lhn mt'ni-. but only shares ul stock ia tine
nv" 'nmplhy, Which were. at COURSE, Nulurlrss
n~pph lho lnllnre of That corporate on SIN he
nm,.h'i'i % lns, ~ SlulOup any WAY, for ~"
lIl