The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-07-06
| WANT THEIR $4,000.
Indignant stockholders Of
the Bergen Improvement
Association Meet.
RECElVERSHIP OPPOSED.
Money Ready, and An Effort Will
Be Made to Reoganize.

The hsareholders of the Bergen Land
and Improvements Association held an
other indignation meeting last evening
at Bergen Hall. Acting President
John Kaiser officiated as chairman.
The hall was crowded with indignant
shareholders, and judging from the
threats which were made it would not
they been present.
Immediately after Chairman Kaiser
called the meeting to order, Counsellor
John Griffin served him with papers
to show cause why a Re-
ceiyer should not be appointed.
The writ was made returnable on the
25th instant. Counsellor Griffin also
served him with an injunction restrain
ing the association from carrying on
business.
Fred Kline, the building and loan ex-
pert, then rendered his report. He said
that the books had been kept in
q, very unousinesslllSe , ,slh'e way n,apd and
a complete report of the condition OF
affairs owing to the fact that several OF
the books of the Association were miss
ing.
ASSETS AND LIABILITIES.
las far as / can ascertain" said Mr..
Kline, ''the liabilities are $40, Hall,
and the assets. $40, ,2S4. so.
also fiud that several mortgages held
by the association ara missing.
could not discover where the missing
$4,000 had gone to, owing to the missing
records"
After Mr. Kline made his report, Share
holder w. H. Harrison stepped upon the
platform and said:-
"It appears from Mr.. KIine's report
that there has been some crooked work
done, and we should ascertain who did
it,"
"Ask John Bruns." yelled some one in
the rear of the hall.
There has been too much Bruins in
this association" replied Mr.. Harrison
"and the result is we are on the verge OF
dissolution. have been present at the
were to be elected and l have
found the meetings Packed with ignor-
ant men who were at the beck and call of
cllque.n
WHAT we want" said Shareholder B.
Goldenhorn. ''is the missing books and
the men who stole the money."
TOO EXPENSIVE.
Solicitor Speer then said he opposed the
appointment OF receiver on the grounds
| that the shareholders might lose what
| little money they would otherwise get,
I and in addition would have to pay big
| fees to the receiver.
Some one in the rear of the room again
mentioned the name Of Bruins, and Coun-
sellor Speer said:-
''If can get him or any other man be,
hind the bars who has wronged
| this Association. it will give me
great pleasure. If any man here can
show that John N. Bruins, or Werner
| Bruins. or any other man took any monev
from the association I wish he would
speak out"
There was no response and the learned
counsellor crawled hack into lis she'll.
Judge Henry Puster, who represented
another batch of shareholders, said
that he would oppose the ap.
pointment of receiver, and
moved that the solicitor be ordered to ap.
pear before the Chancellor and oppose the
appointment of a receiver.
After long debate. in which nearly
all the shareholders participated. the mo-
ton was carried.
A petition to the Chancellor requesting
him not to appoint the Receiver was then
circulated and fifty shareholders signed
it.
The majority of the members favor 8
reorganization scheme, and it is highly
probable that it will be carried out.
Another meeting will be held in few
days.