The sun., 1889-11-19
COL. SHEPARDS wILES WIN.
BOUGHT THE sTOck OF THE MAN VINO
CALLED HIM HYPOCRITE

Sundays On Firth Avsnue, are Preserved
From Stage faint, Rut, Oh. at what q
Cost OF Money, Sincerity, ana Truth.
BY majority of Al votes in total Of
nearly 10000 shares voted, Col. Elliott +. shep-
ard yesterday managed to retain control OF
the Fifth Avenue Transportation Company.
But II cost Not only was he oblleeo to pay
nearly par for the stock In q company which
by circular and In his newspaper he has de-
clared bankrupt. but finding no other source
Of supply, he bought the winning shares from
the man who, at the Delmonioo indignation
meeting two weeks ago. denounced him as a
"snivellinR hypocrite," and liar" 1t was
the selling out at the last moment by Director
J. II. De Mott OF 100 shares to Col shepRrd's
party that defeated the opposition.
Under the bylaws, the owner Of one share
had the option yesterday Of casting one vote
each for thirteen directors or thirteen votes
for one man. or any division he chose to mako
OF his thirteen votes Col. Shepard managed
It very shrewdly. he circulated q regular
ticket bearing thirteen names. as follows:
Augustus d. Shepard. william 1. skidmore, william
d. Taylor. william Irwin. James II. Hoadley, William
Wade. Robert Q. Alexander William R. WofrAL Louis
G. Wilton, Russell Raymond Eugene n. Earle William
G. NoyeG Timothy @. Eastman.
When the time came to vote he let the op-
position put their ballots in flrst all bearing
thirteen names. Then the Shepard ballots
were all cast at once and It was found that all
the votes had been concentrated upon the first
seven names in the ist given. This made GER
tain the election OF those gentlemen even IL IL
had proved that the opposition represented q
divided between the two parties rs follows:
Col shepard's friends, 4.972; the opposition.
The meeting was held in the parlors above
the company's office on Fifth avenue and about
fifty gentlemen attended. 1t began att p. NJ.
report showed receipts for the year amounting
to t165. .741, and expenses amounting to S2l2.-
and and cost ii 81. .524' leaving Profit Of SSsss. The
net deficit for the year, therefore. was $39,475.
The deficit was attributed to loss Of horses BY
Edgar M johnson Of Hoadly 4 johnson. in
the midst OF a confusion OF notions. questions.
dollar. He said:
pay on the dSar for
Sody wiz "nd % 4 ~ a GS SS ssa or II woH
ill., :sy.s Z FL
ss: csh fh's:FS nss
Of assets at auction they would pot bring quarter Of
aGOment
Dol. Shepard sat In o front seat with his hat on.
He wasn't saying anything. When 1t came to
voting for directors there were endless disputes
T. @ Randolph, for instance had given proxies
position, Then Col. Shepards Spokesman pro-
duced later proxy. and there was great OBJ
lection to recalling the ballot. But 1t was taken
out Of the box. and then IL was put back by
vote Of 2 to !. and stayed there: ..., =,
the seven Shepard men named above. and these
who were on the opposition ticket:
Frederick Baker II. Il BarneA James Blewitt VIII
liam T. Cobron. e. c. Demonco and NJ Finn
Mr.. H. II. Barnes of Barnes Bros. brokers.
for the opposition. said after the meeting:
I'VE had at my ofice this morning proxies
on more than $500 shares-enough to assure
US Of the control Of the election II none OF the
stock changed hands. We did NOT know Of
name was on our ticket for directors as printed.
hear that Col Shepard has raid high prices
for several hundred shares OF the stock within
a few days He sent around to my office a
wasn't worth anything, but that he would give
me Is for 1000 or 1000 shares. l returned
word that none Of the stock In my custody was
for sale. A day or two later he offered me 80
for the same number of Of shares ,Snn sent
fered 4S. Finally on Saturday he sent
q messenger with an offer OF IS for the same
number OF shares, the ofler to hold good until
is vaueless. Well. the Colonel has q, $2500 900
stagery," as he calls It, which perhaps the
opposition directors would have left on his
hands 70 turn into flats. and he could afford to
spend sEp $4,000 to make sure OF Its disposal to
It Is said to be the intention Of Col. Shepard
to make William Wade President, and general
manager OF the company at a salary OF about
received $1,000. Col. Shepard told o SUN re.
porter that he had no plans.