New-York tribune., 1891-12-30
SHE VANTS TO SEE THEIR BOOKS.
MRS. sToBo SAYS SHE WAS REFUSED BY uHE
GLOBE FIRE INSURANCE COMPANY.

Justice Andrews in the supreme Court Chambers,
yesterday granted the motion OF Mrs Alice StoDo
for an order compelling the Globe Fire Insurance COM
pany to show It's books TO her or her attorney. MIS-
stobo inherited considerable stock Of the company from
her husband and she applied to James s. Eade, the
nresiaen Of the company to ALLOW her to inspect the
books and TO know when the next annual meeting
OF the company was 10 be held Both requests were
denied. Then she asked for this order. JUSTICE
Andrews says in deciding the motion In favor OF
Mrs. StObo that 1t IS remarkable that the presue "
the company refused her requests
"Concealment is generally an evidence OF iraud'
SAWS Justice Andrews and the refusal OF the re-
spondent to inform the rcator is certainly cacuiaeu
to cause suspicion. The respondent is not whs t'l'
the reator should exercise her rights as stockhoder
by voting and the refusal to allow her or her attorney
to examine the books shows that the respondent Is
unwilling that the relator should confer Win o'Ho'
stockholders before the election"
samuel IT Knapp OF No $40 West Fiftyseventhst''
one of the directors of the Globe Company sa'd lass
night that the demand Of Mrs Stobo was mahe III oer
TO induce the company TO buy her STOCK at hiuoH
larger figure than the market price. "The stock OF te
Globe Company is valued at only 40 cents now sau
Mr. Knapp and Mrs. stobo, woman-like, Is complain
ing because IL Is not selling at 81 30. When the lady
makes the claim that the president OF the Globe Com
pany has refused 10 grant her permission 70 see inc
books, ! do not hesitate 10 say tlat ehe must DC III
error about it, The president would not refuse such
siobos case She cannot be made to believe that the
insurance companies have had bad year aud that the
yaue OF the stock has gone down. We offered TO buy
the ladys stock at the market value but on the ad'co
Of alleged friend, understand, she tried To make
the comp y pay by making thres:s 10 bring the
matter into the courts But we dom propose to be
intlmdated, and the company will r. .ay Mrs. stobo
more than the market price. She Untitled, Ike any
other stockholder TO have the pr e of ooAing over
the books, and 1t entirely .eef Ssary 10 appeal
to the courts.
"As 10 the financial condition o. be- Gbe Company,
will say it never better W, stn have a lnrgo
surplus and the original capital. G have not missed
paying any dividends this disasro year, and are In
much better shape than the maiort OF the companies
| am certain that the company IS ai right
James ii. Percival, another dir aud large stock
holder In the company al~o said y the company was
in q safe condition, that ii bad not ~ to conceal and
that there intention on u rt Of the officers
10 consolidate sell ont to any O.. mpany.
IL President Eadie refused 10 Mrs. StobO or her
attorney examining the books Mr.. Fercval, he
did something contrary 10 the bylaws. ! cannot be
lieve though, that he refused any such "eql st Every
stOckhoder IS entitled TO the bOOE and cannot
understand why the matter has reached the courts"