The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1890-06-12
DRESSED BEEF.
THE TEXAS DRESSED BEE F
AND PACKING COMPANY.
TROUBLE WIT THE ENGLISH.
An Explanation from Both Sides What
the Representative of the London
Syndicate Says-TerriBle Muir
der in Central Texas.

GALVESTON. Tex, June 4.-Upon the
statement of one of our principal attorneys
the press of Monday night stated that
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 furnish the
latter at some point to be
designated 600 tons of dressed
beef fortnightly and the latter to provide
ships for the expectation or che beef every
fortnight, paying for the same on delivery
on board as stipulated in the contract.
This statement on the part of the attorney
it seems was premature as no definite con-
clusion has yet been arrived at, although
daily meetings have been held.
Mr. Joseph Lobit, treasurer of th
Texas Dressed Beef and Packing company.
speaking of the n alter, says under the
terms of the agreement the bonds will be
put up simultaneously, that's, on the same
day. The English people are to notify the
Texas people that the bond was deposited
in bank designated in London, when on
receipt of this information the Texas peo-
pie will on the same day, deposit their
bond here. This the Texas people are
ready to do, or at least were until they no
titled by Mr., Dobson that negotiations were
at an end.
Managing Director Dobson of the Met
ropolitan association places different con-
struction upon the cases leading to the
disruption of the negotiations. He says it
was understood the Texas people were to
deposit their bonds with Messrs. Ball,
Hutchins d Co., and were to cable the
London bankers that the bond was up and
upon receipt of this information the Metro
politan Trading association was to deposit
their bond. This is really yet to be DONE
1.-The truth of the matter Is" said Mr..
Dobson, 1.-The Texas people are not pre-
pared to put mp this bond at this time. The
new organization the Texas Dressed Beef
and Packing company 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,
and | am informed that Col.
Stafford president of the Columbus
Meat and Ice company in transferring their
interests of that concern to the new organ
ization demands an indemnity bond GOV.
erings the bond he had made for our ben
eft and this is the bond the Texas Dressed
Beef and Packing company are unable to
put up | believe the Columbus Meat
company are ready to put up their bond
the moment an indemnity bond is fur
nished by the Texas Dressed Beef and
Packing company. Hence the collapse
may be attributed to the Dressed Beef and
Packing company rather than. to the Col
umbus people,"
Mr.. Dobson says emphatically that it
is not true, as reported, that he had made
a contract with Mr. Dahomen of Fort
Worth, but negotiations looking to new
contract now pending with responsible par
ties which will be closed within the next
few days and the business of the Metropoli-
.SEn Trading association will go on as origi-
Aally contemplated.
Messrs. Goodnight, Everwerth and Stod
dard OF the Texas Dressed Beef and Pack
ing company were seen tonight and dis
claimed any right of Mr.. Dobson to speak
of the affairs of their organization, with
which they claimed he (Dobson) never had
unfamiliar with its doings or purposes.
They further stated that the directory of
their association, which has been in session
here for the past few days, adjourned at 8
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 authorized by their charter
was subscribed. That the subscription
books were now open and a large amount
had already been subscribed by the men,
bers of the directory, which embraced some
of Galvestons heaviest capitalists and that
the prospects for the solution of the mixed
beef question and the establishment of a
home market for the product was practi-
cally solved.
They admitted that N. J Alexander,
vice. president 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 trip was for the purpose of
making arrangements for the disposition
of the meat product of the Texas Dressed
Beef and Packing company. 1t is believed
here. however, that this is Mr.. Alexander's
mission.