Morning journal and courier., 1892-10-07
THEIR ANNUAL MEETING.

Thu Nev Haven Tontine Company
elect Officers for the Ensuing Year
Thirty.four of the Original SUBJ
scribers Left-The Secretary's Re-
port.
The annual meeting of the stockholders |
of the New Haven Tontine company was
held in the Office of the secretary, O. s.
Thompson, in the Hoadley building, last
evening. A large number of the surviv-
ing stockholders were present and much
interest was manifested in the proceedings.
Secretary Thompson's report showed that
of the original shares of stock only sixty
four are good to-day and these shares are
represented by thirty-four people. Their
residences, as stated above, are scattered
all over the country. The Oldest living
nominee ia about eighty years of age
while the youngest is over sixty. The
average age is about seventy. During the
past year eleven shares of stock have been
wiped out by the death of the nominees
representing them. These nominees were
John N. Babcock, Levi Ives, Charles At
| water, George w. Staples, John Hone, F.
Q. Sherman, Charles W. Williams; George
A. Trowbridge, Ebenezer A. johnson and
William A. Mansfield. All of these nomi-
| nees represented one share with the ex-
| ception of William A. Mansfield, who rep
resented two shares.
| The deaths for the past year are greater
| than the average number of deaths among
the nominees for many years past. The
average number of shares of stock which
have been wiped out yearly has been from
/ f0vrr IN al TT ho ratio nf 6oath
should continue for the next three years
the final settlement of the property could
be made, but it is hardly considered prob
able that such will be the case, and it would
| not be anything strange If the final settle
ment was delayed for good many years
yet to come and the present holders of the
stock should be numbered with the major
I ity and the property come into the posses
sion of their heirs. OF the stock at pres
emit which remains good eleven shares art
held by the estate of the late N. F. Thomp
son, eight shares by Charles and Georgt
Hitchcock, five shares by Samuel w
Hitchcock and ten shares by Bessie L
Ives. These are the largest stockholders
the remaining number of shares being helt
by about as many people, although Their
are one or two of the remaining stockhold
certain that the holders of the greater nun
l PSooSS1AOAA VII
property under the terms of the company
, for it is possible in the course of human
events that the holder of one share nigh
be one of the final seven, while the nomi
nees of the large stockholders should pas
away. The chances. however, are wit
: the large shareholder being at least one @
! the final ones to receive the property, q
several chances are more to be relied upo
: than one.
The property, which originally cost $24
600, has, by the accumulation of years, IL
creased greatly in value, and it is estimate
that it is worth to-day $100, 900. The prof.
erty ever since it was created has paid
good income, and the stockholders hay
secured in dividends more than was put
: originally. AS the stock diminished tt
value of the remaining stock became grea
er as well as the dividends, and the stoc
= to the holders of it to-day is of great Walt
8 and pays exceptionally we'll. Stock tn
was worth only 500 sixty eight yeara ae
is to-day worth considerable over 81 90
= The following officers were elected: Pre-
:. ident, A. w. DeForest; secretary and trea
urer, G. S. Thompson; directors, A. w. D
Forest, V. NJ. Dow, Eli Whitney, ST., Jot
Bradley, w. S Kingsley, Colin NJ. Ingerso
| Ghar1es g ThOmDsOn