National Republican., 1878-03-06
yHE NORTHEBN LTBERTY nARxET.
Tho "Mixed-up" Afrairs Of the Cempsny-
why the Stockholders Received no Divi-

dends.
A meeting OF the stockholders Of Tho Northern
Liberty Market Company who are not satisfied
with the management Of the eompany's Affairs.
was held at the office Of the company Monday
evening. There was sharp debate between the
president and several Of the stockholders, which
indicated that the stockholders were not satisfied
with their officers
Mr. X. IL Ryan read the report OF tho committee
appointed December ls last consisting OF himself
aud Mcssrs. Il. A. Morrison and T.. T. Parker to
make All examination Of the books and accounts
OF the company, and report TO the stockholders
previous to tho annual meeting.
The report stated that an expert had been EN-.
noyed 70 assist the committee, who had examined
The books aud accounts from the Organization In
1874 to tho present time. The books had been kept
very loosely. and II impossible TO ascertain the
company actual condition. An sppsrcnt discrcp.
ancy of slGOOpD was discovered between tho books
aud vouchers OH file. But this was accounted for
when It was ascettalned that the first Issue Of
bonds was sl0Oipn, the second was eGOUO, and, In
order to raise third loan of $1,000 II was i'm.
portnnt that the rst two issues should bc destroyed
In the absence Of proof that such was the fhci the
statement OF the apparent discrepancy was made
Amer further Investigation II was nscerancd that
the bonds and vouchers had been destroyed, which
leu the Indebtedness Of the company slj0O0D.
Mr.. Theodore Barnes Is the treasurer Of tho COM
pany but the functions pertaining IN his Oics have
been nsurpcd by Mr.. George King. the secretary
who had been grossly negligent in his duties, his
accounts being IN such condition that y was al
most impossible to s;raghten them out. When the
committee iirt asked to have access to tile BOOKS
| Mr.. King informed them that the board of dircc
tors had instructed him not to allow them to have
the papers but after considerable delay. the ncCcs
ssry vouchers were produced. Some Of them were
| accepted, but the majority were entirely incorrect
anh were only accepted conditionally. A number Of
| important vouchers could not be found. Many &C.
| counts which shOuld have been closed are still
open and IN an unsatisfactory condition.
| Tho president OF the company intrustel
with funds 10 pay certain Interest, which he inile
| to do. The treasurer however. paid the sane aud
| reimbursed himself by anticipating The pfe.idcnts
| srary. one hundred and forty six accounts.
rUnting to siAsLS7 nrc still due the company,
| for which no hills have ever been made out or
pre- 'cntci for collection.
Tic rcpolt comclrd,s ry saying tha II the affairs
| of the company had been properly MANAGED. the
stockholders would have hecn the recipients of
gDnl dividends instead Of finding their Affairs in
| such mixed mp condition.
II wns also stated that the president, Mr.. James
" Hoffman. hnh but five shares Of stock In his own
name: that he had soli stock and not had II trans
faTTrd on the books Of the company. Five Of the
directors. Nessr \. Iightinnt. J. u Kelley, J. \.
HOFFMAN, A. Davis. and J. II. Click were lnrpcly In
arrears to tho company for rent, mud were by the
constitution. ineligible to CfiiCe. hcr the report
was rad, Mr.. Hoffman surrcmdprirg the chair IN
| AT :. u. nOermau. bitterly attsckcl the committee
and dcu"Unrc; the report Gs false IN every plrtcu
l'r stating that ii had been r'Alr Gr the purp0sc OF
iui'u' nCing The coming election Of dircTtnrs Mr.
Ryan replied IN an cNui'cl Hnrrcr, Sustaining the
rr;,DT', anil Hiter lively II uS,iun tho report O
IL" COMMITTEES was Ednp'cd The annual meeting
Of Ii" ST ,rkhOdcrS will ~ held Tonight.