The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-01-09
A VICTIM OF A coRPoRATIon
dow a President and General Manayer
was Frozen Out b. His Comnanio,s

no" a President and General MANAGE
was FROZEN Out By His Companion.
speaking Of corporations" said n
prominent st. Louis banker, II recall
with painful "reminiscences the first one
OF which l had the honor TO be q stock.
nolaer. 1t happened in 1865, and l was
!ust hfteen years Of age. OF course
mad no idea that it was really a CORPORA
tlon IN which | had invested, but as J
look Oack upon the incident the r~ealiza-
tlon rusheS upon me that | was a victim
OF corporation methods.
1T happened in this way. At a very
early age my tendency for mercantile
pursuits developed. At school I noticed
a very general demand for candy and
cakes and an exceedingly limited supply
In the market. Many of the children
possessed coppers and nickels, hut it
was nearly a mile from the school house
to the country town, and the BOYS were
compelled to forage upon the neighbor-
ing sugar cane fields and orchards TO sat-
lsfy the youthful stomach. After a care
full survey Of the market l decided that
the school was confronted by a condi-
ton, not a theory.
I'm a few days l had secured the CO.
operation of half a dozen boys, with a
capital Of thirty cents, in which l held
ten cents of the stock, and was conse-
quently named as president and MAJ
age Of the candy store which we pro-
posed to open on the grounds. We found
an enormous dead and fallen tree, whose
butt end offered little resistance to ou-
penknives. At noon one day | notified
the stockholders that a meeting would
be held Immediately after school, and at
that meeting |, as president and man
ager, cut an opening into the dead tree,
fashioned a shelf therein and attached a
door, while the stockholders looked on
in admiration. then proposed that early
in the morning each stakeholder should
bring with him five cents worth Of
candy wherewith to stock the juvenile
store.
"TO my astonishment it was moved
and seconded and carried that the candy
should be purchased and delivered at
once. so that the store might have an
early and perfect opening. Tired as l
was | repaired to the town, invested my
ten cents in cheap candy, returned to
the school grounds, where already the
twilight was making ghostly figures
among the trees, and deposited my treas
ure in the store. 1t was quite dark when
[ reached home, and being unable to &C
count for my whereabouts the presi-
dent and manager went to bed supper
less and with a back singing from the
effects Of a switch literally applied.
Next morning l fastened to the school
grounds in order to be first at the cere-
monies. Imagine my surprise when l
found there, seated in a row, all the
stockholders. / congratulated them on
their interest in the enterprise, and h
threw open the door Of the candy store.
1t was empty!
For a moment | was speeches.. The
stockholders bent their heads and said
nothing. They looked suspiciously con-
tented, and when / intimated that some
good man among us had gone wrong
they were all prepared to prove that a
daring burglar had, in the midnight
hour, deprived the corporation of its as
sets.
Ten years later one of the stOckhOld-
ers admitted that he had helped his
brethren in disposing Of the stock."-St.
Louis Republic.