New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-12

exTerts' account The second item was Mr.. An
drews's note for amount due, Sl59,53S 33, upon
which Mr.. Reddy had drawn light from the treas
urcr, as before recounted. The third item was
$22, 900, payments made by Mr.. Andrews for real
estate. The fourth item was $?7,5 on account
of salary.
Some stockholders who looked over the report
expressed surprise at this entry, as Mr. Andrews
had repeatedly promised the stockholders at meet
ings that he intended to give his services free of
charge to the company. The item Of S30,400 for
organization and general expenses not even the
treasurer could explain when asked to do so. The
seventh Item credited to w. T.. Andrews and
charged to suspense account WAS Sal $40 45. The
experts report comments briefly on this No eX-
planatlon Ii was suggested by some persons
who claimed to know the facts that this was to
cover stock which Mr.. Andrews received and did
not pay for at the time. The eighth item cast
light on the proftabeness of Mr.. Andrews's former
est ana commission on the sale of preferred stock
just before the adjournment Of the meeting the
treasurer; IN reply to question, said that the en-
by Mr.. Bostwck
When the report was handed in, was Mr.. Bost-
wick a director or ofiiccr?' Mr. Reddy asked.
No. sir, he was not" replied Mr.. McKeige.
Then it is fact that when this report was pre-
scnted Mr.. Bostwick was neither an officer. a di-
rector nor stockhoder?" No answer came.
Mr.. Rcddy, explained; Il have asked these ques,
of IA man Mr.. Bostwcl is"
The total number Of shares voted at the election
was !5,o$i, out OF total of $1,000 shares 1t
tie company; The directors chosen were Charles
Dana Russell Sage, John T. Terry. d. II. Nc
Alpin, Oliver $ Carter, Fran! Tiford, +. V.
Carter succeeds Wallace G. Andrews, who re-
signed as a director last Friday. There is no
other entirely new name on the list. The board
will organize Tomorrow
Ex linda S1nan nlynr,
the developments respecting Mr. Bostwck that he
tried 10 get savage resolution through the meet
ing 1t failed for lack Of time, but after the adj
journmcnt the judges lawyer freely showed what
his client intended to have the stockholders say.
Here are the preamble and resolution:
Whereas The stockholders Of the standard Gas.
Light Company have learned for the first time that
Wallace c. Andrews had at various times previous
to Nevember 1851 tai taken from the treasury OF the the
Of nearly half million of dollars. and that said
Andrews permitted "A note OF the company. amount
Ing $1,000 to gu to protest for non-payment. In
November, 1887 when he AT the time owed the com
panv about s2oo,oOO: and
Whereas. J. 4. Bostwick. director In the Standard
Gas Light Company, WAS Informed Of and became
acquainted with the dealing, Of i sS.d Waiacs C. Az Az
time said note went to protest and
Whereas, The said J. \. Bostwicl made certain
drpwl and 0re PERMITTED '" sad ndrews " to continue to
control The management OF the company without any
restraint SHS' That ic nG% orhocrs Sf Of the standard
Gas Light Company any s IN esnS BSswS as S%
and director for not protecting their Interest by call
Ing meeting Of the stockholders OF the company ana
rcorganzInc 1t on m honest. busnessike basis In
stead OF covering mp raid on the treasury.
TIE EAST RIVER COMPhNYS NEW BOARD.
AT Tho annual meeting Of the East River Gas
Company on Tuesday three of the old directors re
tired and new directors elected as follows ::
Emerson McMilcn. Henry Is. Wilson and f. c. stan
ton The two old direct n reelected wcre Charles
A Kit,la and B. 7. II. TrasC Yesterday the new
boari WIS organized with Emerson McMillen, prcsi-
dent: H. B. Wilson. vicc-prsidcn; II. L. Young,
secretary ard treasurer, and Charles b. Kittle,
manager.
II said that the purchasers OF the new plant
were New.Yori Philadelphia and Boston bankers
and business men. Gas will be supplied 10 this city
By tunnelling the East River. Charles VI. Jacobs.
engineer, OF No. l92 broadway. now has men engnged
In making surveys. 1t Is thought that crossing VIII
he made at BlnckwelIs Island. reaching this city be-
tween sixticth and Eighlieth SITS. The company also
expects TO do an electric lighting business. The New
York Office will be at No. 10 Wast.