Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-06-05
TEXAS DRESSED BEEF.
There is no Doubt that the Question OF
Home Market is Settled,
But There is Hitch in Negotiations Be-
tween the Texas Company and the
Metropolitan Association.
Special to the Gazette.

Speclai 10 the Gazette.
GALVESTON, Tex, June 4.-Upon the
statement Of one of the principal attor-
neys the press of Monday night stated
that the bonds had been approved and
the contract closed between the Texas
dressed beef and packing company and
the Metropolitan trading association OF
London, whereby the former was to fur
nlsh the latter at some point to be
designated, 600 tons of dressed beef fort
nightly, the latter TO provide ships for
expectation of the beef every fortnight
paying for the same on delivery on board
as stipulated in the contract. This state
ment on the part of the attorney, it
seems, was premature, as no definite con-
clusion has yet been arrived at, though
daily meetings have been held. Mr.
Joseph Lobit, treasurer of the
Texas dressed beef and packing COM
pany, speaking of the matter says:
"Uuder the terms of the agreement the
bonds will be put up simultaneously, that
is upon the same day. The English peo-
pie are to notify the Texas people that
the bond was deposited in bank desig-
mated in London. Upon receipt OF this
information the Texas people will, on
the same day, deposit their bond here.
The Texas people are ready to do their
part, or at least were until they were
notified by Mr.. Dobson that negotiations
were at an end"
Managing Director Dobson of the
Metropolitan association places a differ
ent construction upon the causes leading
TO the disruption of the negotiations. He
says it was understood the Texas people
were to deposit their bonds with Messrs.
Ball, HutchinEs & Co.. and were to
cable their London bankers that the
bond was up, and upon receipt of this
Information the Metropolitan trading
association was to deposit their
bonds there. This is ready to
be done. "'The truth of the
matter is, if understand it correctly, -
said Mt. Dobson, 1.-THE Texas people
are not prepared TO put up their bond at
this time. The new organization, the
Texas dressed beef and packing COM
pany, contemplates the absorption of
the Columbus meat and ice company,
with whom our contract was made. The
Columbus people would have to make
bond with my people. l am informed
that Col. Stafford, president of the
Columbus meat ana ice company, in
transferring the interest of that con-
Germ to the new organization demands
an indemnity bond covering the bond
made for our benefit, and this is the
bond the Texas dressed beef and pack
ing company are unable to put up.
believe the Columbus meat !
company are ready to put |
up their bonds as soon as |
the indemnity bond is furnished by the |
Texas dressed beef an packing COM
pany, hence the cause of the collapse |
may be attributed to the dressed beef !
and packing company rather than to the |
Columbus people. -
Mr.. Dobson says emphatically that It |
Is not true, as reported, that he had |
made contract with Mr.. Dahlmau of |
Fort Worth, but negotiations looking to
new contract are pending
with responsible parties which
will be closed within the next few days,
and the business of the Metropolitan
association will go on as originally con-
templated.
Aessrs. Goodnight, Evenwerth and
Stoddard OF the Texas dressed beef and
packing company were seen tonight and
any right of Mr.. Dobson to
speak Of the affairs of their organlza-
ton, with which they claimed he
Dobson) never had any negotia-
tions, and therefore was unfamiliar
with its doings or purposes. They fur
Their stated that the directory of their as
ISOLATION, which has been in session here
for the past few days, adjourned at
o CLOCK tonight; that it was the decision
Of the board of directors that the Texas
dressed beef and packing company would
not commence operations until the entire
amount OF capital stock au-
thoriZed by their charter was sub
that the subscription books
we're now open and q large amount had
already been subscribed by the members
Of the directory, which included some of
Galveston 3 heaviest capitalists, and that
The prospects for the solution of the
Fexed beef question aud the estab-
ishme1t of q home market for the
product was practically solved.
They admitted that N. ]. Alex 4,
lnder, yice-presideut of the Texas
dressed beef and packing company and
president of the san Antonio national
bank would leave Saturday next for
London, but would not admit that his
rip wss for the purpose of making ar
for the disposition of the
neat product of the Texas dressed beef
Ind packing company. 1t is believed
Iere, however, that this is Mr.. Alexan-
Ter q mission