St. Paul daily globe., 1891-01-11

Peoples. The report declares that the
Dyer committee had evidently friend
ly feeling for Kneale and certain
other officials of the union who had
been deposed for violating their trusts,
and that while every possible objection
which ingenuity could invent had been
made against President Cole, his merits
had been entirely ignored. The report
was carefully-Worded Endorsement OF
the president of the union. After the
discussion of matters Of no general in
terest to the public the meeting ad-
journeed until O'Clock. when the con-
ference committee announced It's readl-
ness to make report.
On this occasion the meeting was
called to order by W. j. Evans,
chairman of the conference commit
tee. Judge Emery read communi-
cation, i'll which the following gen.
tlemen expressed their Willingness to
resign their positions, provided it was
the expressed wish OF the shareholders
for them so to do: President Cole, Sec
retary Haywood, and Directors Calder
wood and Merriam. No action was
taken in regard the the communication.
Mason Evans read the report of the
conference committee, to the following
effect: That, after consultation with
President Cole and the present manage
ment, it was agreed the election of
Messrs. Cole and Calderwood, of Mime
apolis; w. j. Evans, of WinOna; @. V.
Bardun, of Warsaw, Wis.,; and w. A.
Toles, of Chicago, would subServe the
the best interests of the union provided
that the remaining two directors be
chosen from the city of Minneapolis.
The chairman explained that, as is
usual with corporate bodies, the board
of directors would elect it's own officers.
He also stated that Aid. Lowell, Sena-
tor Clough and Postmaster Hale had
been suggested as representative men,
any two of which might, if solicited,
serve as director. S. j. Hudson did
not think four directors should be
chosen from Minneapolis; two were
sufficient. Chairman Evans explained
and suggested that the management
had made liberal advances to the share
holders and he thought they at
least should be met half way in
an effort to compromise matters
The officers of the union and two mem
bers of the board constituted manag-
ing board, and it would expedite the
business Of the union if these two di-
rectors were Minneapolis men who
would be on the ground at all times. .and
prepared without extra expense to
transact their duties as members of the
managing board. Judge Maine in
dorsed substantially the remarks of the
chairman and urged the adoption of the
committee report. MIR. Kelly thought
the union had been begging for officers
long enough. 1t was not necessary to
depend on Minneapolis alone for them.
Mr.. Ballou, of Nebraska, called the at
tention of the stockholders to the fact
that the conference committee was
subordinate to the nominating COM
mittee, and that before the
meeting could take any action in regard
to the report, it (the conference commit
tee) should report to the nominating
committee. Mr.. BallOu thought the
board should be free of local influences.
After further discussion the report of
the conference committee was laid on
the table until after such time as the
nominating committee should make its
report. The reslgnations presented by
Judge Emery were then accepted and
the meeting adjourned to meet in the
room of the Single Tax league at 8
o'clock in the evening.
The evening session of the independ-
ent stockholders in the National Build
ing. Loan and Protective association
was called to order by Chairman Evans,
of Winona, at s o'clock. There was a
large attendance, which grew larger as
the proceedings advanced, until there
was scarcely standing room left in the
large apartment in which the meeting
took place. Chairman Evans explain
ed the object of the conference report
that had been submitted at the late
afternoons session and his per-
sonal views concerning its feast
report if adopted would tend
to harmoniZe the discordant
elements existing In the union, and in
his Judgment deserved the serious con-
slderation of the shareholders. The
larger part of the evening was given up
to Wraugling and reiterating statements
that have been made over and over
again at every session Of the share
holders. No two of the speakers eX-
pressed similar views on the same ques-
ton, and great deal Of time was lost
in wind duels. 1t was pertinently re-
marked that the heaviest stockholders
and representatives of stockholders had
nothing to say. They were reservlng
their thunder for Mondays election
and would manifest their presence and
influence in the shape of telling ballots.
A member of the legal committee DEM
perfect right to elect fifteen directors if
they desired, and to decrease or in
crease the number as it pleased them.
Mr.. Ballou, Of Nebraska, took the same
ground and argued that the board of
directors were the instruments or agents
OF the shareholders, and hence the latter
was legally empowered to Increase or
diminish their number at will. Chair
man Evans proved just as clearly that
the board of directors had no such right,
and that any attempt of the
shareholders to elect and install fif
teen directors would probably be met
by the management with legal process
of obstruction. Mr.. Black offered the
following resolution. which was adopted:
| Resolved, That it is the sense Of this
meeting that at each of their annual
meetings the shareholders elect an
| auditing committee of three members,
| who shall investigate the accounts and
books of the union. and make semi
annual report to the shareholders.
The nominating committees report
was then read by the secretary. 1t is as
| follows: Gentlemen-YOur nominating
committee, as per instructions, beg
! leave to report to you the following
names from which to select directors
for the Natioual Building, Loan and
Protective association: W. A. Soles
and E. G. Ward, Chicago; Emerson
Cole and j. F. CaIderwood, Minneapo-
lis; w. j. Evans, Wipona, Minn.; S. II.
Hudson, Benson, Mimi: j. T. Kelley,
Milwaukee, Wis.,; G. Y. Barden, War
saw, Wis.,; j. j. Everingham, Omaha,
| Neb. DR.. a. P. Mcdonald, Keokuk, 10. !;
w. N. Smith, Ohio: VIM. Shakespeare,
| Kalamazoo, Mich; G. M. Cameron.
WatertoWn, S. D.; w. q. Brown. Lo-
gansport, Ind; S. Adams, Lisbon, N. d.
The committee also presented mi
nority report as follows: "We further