Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-03-25

TROUBLES OF THE N. D. c. 9. n. & s. P. co.
Last evening meeting OF stockholders OF
1.-THE National Dessicated Cocoa Nr, Spice
Manufacturing and Shipping Produce Co.,
was held at the Industrial Home and Training
School Building, sou street-Lewts Howard 10
the chair and Mrs. Ann Allen secretary:-for the
purpose OF consulting as to the pest
vested by them In the concern. From an ex-
animation OF the books it appeared the COM
pany was Incorporated May 5th, 1877, by ming
under the general act Of Congress, certlflcate
OF incorporation In the Recorder of Deeds ONCE
here, II. F. Hall. J. D. Bagwell, A. P. Ash
bourne, arthur Payne, Lewis Howard, q. w
stewart, ana jackson Howard being named as
the corporators. The capital was $4,000. d.
Vlded at nIst with shares $40 each, but subSe-
luehuy into 81 shares: and the objects were set
loTtn 10 pe the manufacture OF de5slcateu CO.
coanut, cocoanut cream oil, writing and copy
Ing lnk, toilet soap, tooth powder, and vinegar.
ana al tne exporting and importing of produce
IL appears that Ashbourne claimed to have
patent process for the manufacture of cocoa
buI mo various preparations. and he appeared
mere about March. 1871 1t was said during the
discussion that after collecting So, 900 from the
people OF Philadelphia. he mortgaged his fac
Tory and Waltzed off with the proceeds He is
described as man with an Oily tongue, who
has such convincing manner of talk that he
SUCCEEDED In borrowing various amounts from
colored people here and obtaining number OF
Solored subscribers to the company, which had
F Hall, president; j. T. Bell, vice president;
John d. Bagwell, secretary; jackson Howard,
treasurer; A. p. Ashbourne, general manager.
Lewis Howard. Daniel Lewis, Edward Allen,
George ": Stewart. A. T: Green, G.
G. Tompktns, and Arthur Payne. Ash
bourne, the general manager, assigned the
patent to the Company for $4,000 OF the stock,
and he and Bagwel1, a rather smart talking
minister, bent their efforts to selling the stock,
preparatory to starting the mandatory. The
stock book has been quite loosely kept, and 1t
shows that number OF Washington people in
vested, including some eight or ten ministers
This book also shows that Ashbourne was very
liberal with his stock, he having transferred to
Hall, who subscribed and paid for 300 shares.
1000 more; to Bagwel, the Secretary, 1900, and
to Lewis, member. An account book shows
That from March. 1873, to January, 1879, the re-
ceipts were 2,697.22. and expenditures s656.5o,
Which should leave balance OF 81, 040 40. There
were on the table specimens OF the manufactur-
ed goods-dessicated cocoanut and ground c0f-
fee-l In gorgeous looking packages. During the
evening reference was made to a notice pub
iished in the Co Operator {aShbourne and Bag
wells paper OF Boston, reciting that H. F. Hall
had published notice in the Chicago CoAserua.
tor calling for parties to send their claims
against the company to him, and warning him
TO withdraw such publication within 80 days or
legal proceedings Will be taken against him.
Gilley, 3. F. w. Hamilton, j. B. Watson, J. NJ
wood, Benjamin Campbell directors; S.
Tasco, president and I. d. Bagwell, secretary
and Wood, who reside in washington Ed.
ward Allen, Lewis Howard jackson Howard
and Daniel Lewis, Of this city, are the remain
Ing managers. Mr.. Wood said that he had not
signed any such notice. Mr.. Hall said that he
had asked that the claims be sent to him, not
as director, but on his own responsibility.
Some OF those present thought from the tone
OF some OF the letters recently received from
Ashburne that there was still prospect OF
having Settlement-one Of them stating that
the Boston directors would be here April 9TH
and remain until the annual meeting In May,
and that they would then make some satisfac-
TORY arrangements. But others were OF the
opinion that the company only wanted trial,
and that there was but little prospect OF OBJ
tanning any satisfaction. The meeting went
into executive session.