The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1883-11-08
wrNsLow PACKING COMPANY.
Important Equity suit-Hearing i'm Case
Off. WinsIew J ones ct. ais. v. @. n. Mat
tocks-second Days Proceedings.

40 coupialnantS asked I0r TUESDAY Hlgntt
| Council for compliments read in evidence
the record of the organization of the Winslow
Packing Company under the statutes of Maine
AT the meeting of the associates, May 5, 1882
there we're present Gen. Mattocks, U. III. Dud-
ley, John L. Best, Frederick Jones and John
A. Hayden Gen. Mattocks was chosen
chairman and Mr.. Hayden secretary. 1t was
voted that the capital stock of the corporation
be fixed at $4,000, that it be divided into
10000 shares of the par value OF $40 each
Messrs. Mattocks Dudley and Best were
elected directors, Gen. Mattocks president,
Mr.. Hayden secretary, and Frederick Jones
treasurer. II was voted to open subscriptions
for stock. The undersigned agreed to take
the number OF shares set against their respect
i've names: Chas P. Mattocks, Portland, one;
U. II. Dudley. New York, one; John L. Best,
Portland, one; Frederick Jones, Deering, one;
John A. Hayden, Portland, one.
At the annual meeting, March 5, 1888, pres
| sent; Gen. Mattocks, BY e. p Hickey. proxy;
U. ID. Dudley, by F. c. Brigham, proxy; J..
L. Best, Frederick Jones and j. A. Hayden.
in person. Adjourned to March IL, 1888.
Meeting March 70, 1885, Voted to adjourn
to March 10.
Meeting March 10, 1883. Mattocks, Best
and Dudley elected directors, Hayden elected
secretary, Frederick Jones treasurer:
Meeting March 26, 1888 No quorum pres
emit. Meeting adjourned to April 2, 1888.
Meeting April 2, 1888. Treasurer presented
his balance sheet for the year ending March l,
1888, which was examined, approved and
placad On flo On motion 81 M paot
Complainants put in list of shares issued by
Winslrw Packing Co., from May 90, 1882, to
Oct. 81, 1883. footing up about $4,000 The
date on this list that stock was first issued TO
], Winslow Jones is Oct 8, 1883.
It is agreed that Gen. Mattocks was elected
| president.
| Frederick Jones, treasurer of the Vinslow
Packing Company, was called by the COM
plainauts and testified:
1 had charge of the stock book. Issue of
stock to Green & Lynch was Aug. "a, 1888. L
mean by that it was filed out and signed on
that day; cannot tell when it was delivered.
Shown me is copy of account of WINSTON
Packing Co., with Gen. Mattocks' private &C.
counts for 1888, so far as posted. Here is also
the trustee account for 1929 In the private
account with Mr.. Mattocks, have credited
tor the year 1882. from May 9Th to Dec goth,
actual cash $14l, 2S5 II. There was credite l
him for bills paid for stock for the company
during 1882, S3S,278.75. The amount credited
for services is 1854. Commissions on indorse-
ments, $9S3.S5. Commissions on sales, 49,
547.62. Interest (under the Thurbsr agree
ment) and IL per cent. commission on cash
-
figuring how much of the last item is interest
and how much is commission. Mr. Brigham,
Mr.. Maitucks' bookkeeper, gave me those fig
ures. He showed me his sheet. where he had
figured it. didn't figure every item over.
The next item is interest and commission on
charges Oh Dec. 30th, being stock omitted by
him in general account, 81 ,634.91." That was
| figured by Mr.. BRIGHAM. The neyt entry,
interest and commission on notes taken up as
above, $251.26." | cannot tell, without COM
putation, how much is interest and how much
commission. l am not certain whether made
mp that putatiOD, or his bookkeeper. Com
menced making charges on this account against
Mr.. Mattocks. Sept. 80, 1882. There is charged
as paid to him, cash and notes. 1928, 1896. The
two items of $1,66S 81 and $3l1.6 on Dec. 3d.
1882 are interest and commissions on payments
made by the Winslow Packing Company to
Mattocks. Mr.. Brigham made the figures to
be entered. S1143347 is the amount which
account of the Thurber advances. During the
year 1882, the amount of total credits to Gen.
Matiocks is $204, 259.27; total charges, $780,
1928; leaving a balance of Sc, 1926, fcharg-
ed to Gen. Mattocks at the close of that year.
AFTERNOON SESSION.
The contract provides for per cent commits
sion to Dudley, of which per cent should go
to Gen. Mattocks
Libby That was paid by Dudley out OF his
per cent.
Witness-It IL in this account. think there
was no commission paid on the sales OF apples
there was SO, 1854 commission on the sale of
corn paid to Mattooks by Dudley under the
i owsesdf eas q ms per cent commission al
Mr.. Gage then examined the witness on the
accounts OF 1888.
There was credited to Gen. Mattocks for
commissions on Endorsements OF Winslow
Packing Co.'s paper from January 1st, 1883 to
September 10Th, the date of the last credit on
this account 50, 767.17 there was credited for
services during the same time $382.50. I can
not tell how much there was due Thurbur &
20. January /, 1888, on account of their ad-
vances. suppose something like $75, 900. /
can tell from the Winslow Packing Co.'s books
A portion OF the notes upon Which the COM
mission for Inducements was charged were
given en- account of advances in 1888. can
not tell the amounts for each year,
the books will show it pretty nearly There
has been no settlement OF the shipment ac-
not allowed. The books will show nearly the
advances made xn account of the lobster bus-
ness in 1883. The credit on the books comes
down to September 18th. There YVES one
charge after the 18th. This account contains
all the trustee accounts of Gen. Mattecks for
1882 and 1888. In this account there is one
item of rent of eight old corn factories
$2,7lS.0S. The balance of that amount was
transferred 10 the private account of G. p
Mattocks under date of February %, 1883
x1 4S6 % lIndar date Of thora 10
an item of rent of seven old factories, So, $780,
credited to Gen. Mattocks. / should say that
he fixed that amount.
Looking at the note book, there was out
standing December /, 1881, notes of j. W.
Jones & Co., limited, notes to S. May & Co,
rs in number. Seven of them were paid by
that company before failure. Those fell due
before the 26th of December. paid one of
them falling due rs January, $l,l42
from the funds of the old company
The amount of these notes falling due after
December 26, except the one O. $1142, was
$22, l04.76 Under dates of December IT, 20, 49,
n, e, 1881 appear Eve notes $1,678.52 81 ,672-
55, 81, 670.10, 81, $3.50, 81 1862. These
were given Tor collateral There were seven
of .hs m. They are parts of the same I have
stated were notes Of the old. company falling
due after December g. Mr.. Emery and Mr..
Hayden, clerks OF Ge.eral Mattocks were paid
money which does not appear in the account
furnished by Mattocks. The Winslow Pack
ing Co. paid VIM l.. Putnam on account OF
boDdholders $3.50 in September, 1882, and the
same sum in February, 1883. We havs sold
Thurber & Co., 10000 Cases of corn and $500
cases of succotash not all shipped, two dozen
cans IN case
The witness STATES that he could not answer
certain questions accurately without examine
ton. Mr.. Gage requested the witness to ex-
anime the books and answer later.
CROSS EXAMINATION BY HON. c. F. LIBBY
Q.-At the time the Winslov Packing Company
was organic d it organized without any capital
except the five shares of $40 each.
A--That is all.
OFT undertook to do business on property that
was owned and in the possession of other parties.
Al understand it so.
Q.-About what time in the year thu Wins
low Packing iCompany able to get started in its
business.
Al think it time the first of July, be-
fore very much was done in the name of the COM
pany.
Packing Company was even organized had or not
Mr.. Mattocks in his own name made contracts for
the years business to the packing the corn and
as to obtaining the necessary funds to himself per-
sonally to carry on that business.
Ayes.
Q.-About what time did he make them
Al do not recollect the time it was quite early
in the spring.
Q.-When the Winslow Packing Company under
took to commence business ia the year S52 were