New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-26
MILLIONAIRES AT ODDS.
TRYING "FREEZE-OUTr TACTICS.

PARTNERS IN THE ROYAL BAKING POWDER COM
PANY GO TO LAW WITH EACH OTHER.
The Royal Baking Powder Company, Of Brook
yn, which recently had so much trouble with
the people living in the vicinity Of its factory,
owing to noxious odors has again come into
public notice by reason Of litigation between tho
men interested in it. William Ziegler, DIR. G. N.
ioagland, and J. c. IIoagland, all OF Brooklyn.
engaged IN the manufacture Of the baking powder
IN Hunters Point in 1873. and afterward in
Brooklyn, and secured incorporation as the Royal
Baking Powder Company, with a capital Of
81 60, 600
MIR. Zieger owned nearly half Of the stock, and
the IIoaglands held the remainder BY persistent
advertising the manufacture became immensely
profitable, and the three stockholders are all
milllonaircs Last year the profits amounted to
s225, 600, Of which Mr. Zieger's share was 81 Co.,
000 But serious differences have arisen between
him and his partners, and he has begun a suit
secure an accounting An Injunction has been
granted by Judge Pratt in the Supreme Court in
Brooklyn, restraining the Messrs. Hoagland from
drawing any money out of the business pending
the determination of this suit.
The officers of the company until recently were
Joseph Z. Hoagland president: Cornelius y. lioag-
Land, vice president: and William Ziegler secretary
and treasurer Each drew the nominal salary OF
800.
THE BROTHERS FORM COMBINE"
The Hoagland brothers did not agree in their
ideas in regard to business, and c. y lIoagland
not active in the mana cement of the affair
until recently But his brother and Mr. Zieger
finally had "A rupture, and then the two brothers
united in what Mr.. Iiegler terms an attempt to
freeze him out.
They offered to buy his stock and said that IL
he would not SELL he would he compelled to-
Mr. Iieglcr was too well pleased with his dv-
dend of 81 90 900 a year to sell his stock. and
refused. The first development at the an
nual meeting of the stockholders in January
fln Axnl.,n -A.f ha fnrlfr HV<f
deprived Mr.. Iioger of his offices as secretary
and treasurer and also failed to rc-elect him. a
ries to s25,0Cn year. Mr.. Ziegler found him
self unable to do anything except enter vigorous
protest. ard he tried all last year TO reinstate
himself He was not allowed to see the books,
and finally his share of the profits, he declares,
was not paid over to him.
At the annual meeting q few. DAYS ago; the
each: thus taking. 100000 from e me ,' profits
nearly half of which belonged to Mr. Iiegler.
IIe was again asked to disposG Of bis stock m TO his his
scrts they said they would raise the,r
the profits. Mr.. Zieglcr then consulted w. J.
! and will sue to recover the money OF which Mr.
Zioqer claims he has been dcfrandcd The olhce
/ stated that proceedings will be begun in this
county to secure the Indictment of MesSrs l'oag..
land On the charge ~ grand larccry on the ground
/ that thev have illegally appropriated the money
of the company OF which they are trustees
| NM zrrGLvR CONFIRMS TIM REPORT
Mr. Ziegler was seen at his fine residence, No.
| So Pierrepont-st., Brooklyn, last evening by re-
porter for THF TRIBUNE. He said" don't want
to say anything about the matter,
but the facts you have were embodied
in my complaint in the suit for an accounting
| Have criminal proceedings been begun
| q don't wish to say what has been done IN that
matter, for am not fully Informed, bur believe
my counsel has consulted with Dlstrict-Attorney
| Fellows"
Efforts to see Mr.. Zieglers partners were
! unsuccessful last evening. as neither of them was
| at his home in Clinton-ave. where thew have two
of the hnest houses in the city Dr Hoagland was
one of the Republican candidates for Alderman-at-
Large last fall and was defeated. He Is the found
er Jf the Hoagland Laboratory in Henry-st,
! BROOKLYN, opposite the Long Isl nd College
Hospital which he intends tor the use of the stu.
dent in that institution. aud which Will be 'ne OF
the finest institutions of ITS kind III the country.
If will cost upward of 100000, and is approach
ing completion. Both he and his brother have been
contributors to many public enterprises In Brook