The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-05-10

was to rent outright. the other was by takihG
wn Asr iha o4; ISL y Is sitf ios z s yssT thn tr xs rs. .9 osiI
else: We thought, We nod not ions SO
into business with. TN April 80. I" the
business that year was Tad: we lost money in
the sum mn, rs9pls e. , lot rSn st 10 = to od ses : d tne
so wo had to make other terms with them. We
lost on the years business about $4,000.
the hover show. on which we have lost money.
showed q profit. Tint the flower show was
Shprh' san, ali Tits It's ilnes .tp Wants t to the rhicasc
Exhibition. We took in $4,000 more this
MIR. Sturgis then told OF u battle he had had
with the Tax Department. because it had
wanted to tax the Garden at s3.UUU.OOO. and
view with MIR. Bailey that would satisfy that
gentleman that there had been no misman-
m Then he said. referring to Mr..
finder our bylaws that resolution must
be prepared BY a majority Of tho stockhold.
ssid. tho Minority OF tho stock Of this com.
ment Of that eommtstee. I am not opposed to
the resolution. but will appoint on tho COM
mi'tee i've men w sh1' think wi!!i be best serve
md the minority holders looked IL bit wearied.
The horse show has boon a valuable tenant.
and i am pleased to announce that We have
Just entered into a 1--WE year %rontract with
We have also made arrangement for a vaude-
vile entertainme nt to run through the entire
basis. The seidi concerts begin soon. and We
hope to make money from them. though they
e e'eHe no. W Sese So ri s" " Me haze ss t arra n n to
have tho greatest art exhibition. ever gotten
together in this country, 1t will he held IN
wavs be ahead of. anything ever before seen
here. Tiffany and the. other great merchants
""compsIent real estate men tell me tina
this property can be sold to-day for ~$3.0OO.oOO;
j Tn%t yII 'nGo,6 pSy % all h our li igGss at sm Gns Ind Ind
holders Of common stock and pay. expenses.
On that basis our stock Is worth $40 a share.
mittee to find a purchaser and yet rid Of our
stock than appoint a committee to 60 delvlng
into the archives OF the company for no pur-
pose"
Mr., Stern jumped up and said. cxcitedly:
u | understand that you arc ready to have
Mr. s%turgls responded: II am ready. ! will
ment to your resolution. SIR"
Rs-.r,i. That this body appoint q committee Of nve
ri; property tina, 4, can dnd. aud to report here within
Mr.. Miner seconded this resolution. Mr..
s stu 4 smiled MILD a: ne again slapped MS Proxies
I'm that esse.a said Mr. Stern. II don't sec
wny yen cant 90 ahead and vote
stand, Gsnllemen., that holding . majority Of
the stock as | do. will appoint that commit
"Appolrt It," snid Mr.. Stern desperately.
but what nre YOU going to do with the
Original resolution -
stursis. and it was as le on ono o% the AHs't table s"'q Then hem
Nj. SturC!s said. In a conri!iatory manner,
wan cd 10 s %y.' The issd rr eSnlsl' hat p said rs at
sent the stock Of holders whom / have been
largely unable to approach 1t was given to
the present Board. but assure you that | will
use al my influence to create q vacancy in
that the new member shall be a representative
is ,aIh 70 IN sSeIy way to the minority
Nj. Sty,cis sat down. Mr.. Storm jumped IN
and said In effect that he had had a very large
or facts to throw ut the Board OF Dire.
he said that as Mr.. BaiIey's counsel he wanted
say that Mr.; Bailey had been sincere IN
N siTiehbs s h m%, do ne had taken IN me o mn'i ints ,nst
and the interest Of tho minority holders OF tho
stock. lilo said that Mr., stnrgis had agreed +?
to MI the expected vacancy.
co AR; sstH Sn; h said TINT that wa Is H.. fRS aiisrg
or some. other nerson who would be pmcrfectly
satisfactory TO the minority holders. Then he
t o h AMI !. Sur the s9m nm ne nu NJ ma Ahp wns B.
.. Mills rJ S@."1s Hs ,Sa hi. ETh"od:srs I. siair.
,9sepn + Aucrhach. and Frank \. sturgls;
and reelected all OF the present Gar |
den nhnagors.
Mr.; Bailey said to THE SuN reporter that he
didn't want II. no saiI, The minority stock
holders said that tho concession OF a man in
ne Ioard, Of Directors, was ~ AZ victory Tor
hem; and they were harry. Tho majority
stockholders said that ns there were eleven
members in tho Board OF Directors they didn't
!ose anything by conceding ono member. and
they were harpy. too.
Mr.. stureis announced that Mr., James W;
OrrlHsny Ind rasiypu,I from the MANAGEMENT
of the Garden. MIR. Morrissey IL the Wee
n the company. His $4,000 salary
~ manager was one OF the CHIEF causes OF the
on the part OF the minority stockhold-
prs.
Villa Knox Married.