The Bad Lands cow boy. [volume] (Little Missouri, Dakota [i.e. N.D.]) 1884-1886, 1884-05-22

tne company IN the hhndS OF "a rec6lTer., Il MT.
sabin replied promptly to SO ahead that hhe Mas
right He will return 70 Minnesota at once to
arrange matters. The senator will not be per-
Bonaily involved in the matter, except so far as
he may be- inclined to endorse for the company.
II know" said he, s'that matters will come out
all right All we want is o little time to wealth
Mr. Sabin said further: that he, could have had
al the money needed to gof on, as it was of
fered by friends, but he thought best to sus-
pend temporarily without Hsking or involving
other persons it is asserted positively thatnone
The mp papss Z psg Ss9kg
day, the day before the failure. at which a.fi-
.hancial exhibit was made In conclusion the
executive committee Messrs D. n. Sahin, A.
q. Wilder, Thomas Lowry, j. @. Pierce and R.
II Hersey-whoa make the report, state that
sultation with the largest stockholders is that
further distribution Of surplus by way Of divi-
s sse rsrs bs s sas lsfss fgs Off
N. ". Kittson Of St Paul, on Saturday after
noon could scarcely bring himself to believe
that receiver had been appninteds IL. He: said;
the directors in Saltwater yesterday, and
nothing ofthel sort.was limited III have, 800.
600 Of the preferred stock, and O. D. Gilfllan
has 800, 900 The most OF the stock, is in the
hands Of men who:Would moi 10y eA1ff hsd the
concern to b. seriously embarrassed for the
VIE Thomas G dsg1y wien tdld q
struck. II III :. 10 n
~ Was at the directors meeting, yesterday, !,
iaapd nothing af the sort was told any Of ns.
It's the dest thing Lever heatd 81 kPmas
that there 10 no reason for alarm PRe Heavy
Stockholders can stand the teniporaty aoss y
Y 2. h Kelley said: II have been blame sae,
}yerely for selling out all Of my $26, 900 stock.
except q, 500, which have yet, and for not
giving my support to the company can
truly say that 4 am uni eigned lyBofIyf for The
embarrassment, but / nm not lalEissd Twas
not to be blamed for losing faith h q cbmpany
In which / had invested heavily -Sabin rot
half . million out of St Paul-and concerning
which tho chief made somary,l niHstatemeuta
We had been fed on wind until g6tt Urea 81 1t y
growth of the old firm. Of Seymour, Sabin q Co,
who were engaged In the manufacture OF
threshing machines, engines, freight and pas
eenger care, and machinery, and grad dual ins
creased their business. The business was con-
Quoted under the firm name ofs Seymalr, Habin
Into the northwestern Car and slanpf aetuffng
company, with capital Of $50, OF, ObO, ID. nj.
Sabin being named as presidaht antis Frank b.
Clarke of St Paul secretary. x. n q ~
The capital stocl-$5, OdO, 000-was divided
into preferred stock, 50; 0e0, 900, and common
stock, SO 00o 600: the S. 0Oo, 00preferred stock
70 be sold ct par, subscribers and purchasers
to receiya bonus equal to50 per- can. oft thsir
subscrip lon in eommon stock SO, cd Sc de
latter to be held in the treasury. The capacity
OF the n1anufactory was increased sd as to be
able to turn out Six threading Machnes, Two
portable tarn1 engines and twenty freight CATS
PEI o fna as s2sshs RE ma9t
were made and saddii onal Il bull ingst ywere
erected At the time Of the fire, on Jan g,
1884, the Northwestern Car Company utilized
the labor of 800 conyiets and 200 citizen work
men, the contract with the state calling a4tor Is
IT is believed that the total loss OF the com,
pany, exclusive Of insurance, from thaastVr
Aressreached $1i5, coo. I; "a va ( -. IA !.
I At tie ANNUAL meeting of the staekhoI asrs III
the cat company held at stIlwxtm 6nsMaseh
al sss faii9Yng officers and diSeqso
Directors NJ sabin, Saltwater; Issac
Staples, Saltwater; G D. Gilfllan, ST Pau; B.
i. Hersey, Saltwater; Thomas Lowery, Mime.
apoiis; G. n Nelson, Saltwater; n W. Kittson,
81 PAUL. g. Pierce, Red Wing; ASB. Stick.
ney 1r ~ Paul q, e e Wilder, st PAU; George
M ssa =. MsnIsto saissn. psaa =
ter; g. NJ Seymour, Saltwater; r. B. Landon,
Us Fogg,S Hostnn, iasas 4inufA 5diuaatoih Ilief'
elected the following officers: d. III, Sabin.
president; g. D. Gilfllan, vice president and
genera manager; WI Gosdhne, secretary;E q,
u: Hospes, assistant secretary; J. O. OtGor.
man, treasurer; IL G. ;Akers, auditor; IL 8
Davis, Registrar OF transfers; w F. Barstow;
transfer agent .l5sss III
Is A complete List Of The Stockholders Is moi
procurable. OF the original subscribers near.
" 800 in number--a large majority still retain
their first interest, but q respectable minority
have BOLD ont Among them nnf be fnafifioneSS
10 GoHiap, 81 Paul fs 10 sKsii5 and M III
Merriam, St Paul; and y. T.. Meagher, Mankato
fpartially There are scores Of small holder
IN Massachusetts, Conns chcut, and New York
Under the original plan The common stock wal
issued to holders Of preferred at the rate Of &
per cent common to 100 per cent preferred
subscribed and paid for. The pre,
ferred was ito pay q yearly dividend ri
" per cent payable qaarts and lsn tht
surplus allowed of create dends lid exits
amount was to be paid On tie common stock
Following is q List Of the holders Of preferred
g far as IT is possible to procure IL: B
IlfyM Hafrf11 mr.